If USA defaults, stock market collapses 30%, GDP down 5%

Discussion in 'Economics' started by Grandluxe, Jul 28, 2011.

  1. I agree. That's why there will be default before austerity - it's the sensible thing to do.

    I don't. Standard of living will go down everywhere, but North America should continue to do very well, in relative terms.
     
    #21     Jul 28, 2011
  2. By my reckoning, we are now a nation of deadbeats, illegals, welfare scammers, and thieves.

    Botswana looking better all the time.
     
    #22     Jul 28, 2011
  3. this is a pretty dumb statement even for et standards.
     
    #23     Jul 28, 2011
  4. Might as well throw in Social Security too. These social programs are very wasteful and only the degenerates need them.

    Let's let the weak die faster.
     
    #24     Jul 28, 2011
  5. yes we should seek out the places in the world that dont have social programs and emulate them. places like africa come to mind.
     
    #25     Jul 28, 2011
  6. dtan1e

    dtan1e

    it be interesting to see how long this imbalance can persist, poor gov't, poor masses, rich banks and corps, rich few, cost cutting aimed at the poor sector, free money and tax breaks for the rich sector
     
    #26     Jul 28, 2011
  7. toc

    toc

    cut defense budget by $300B a year

    stop all foreign aid to every other country

    increase taxes on rich

    bring down the living standards in prison and convict welfare, save $10B

    stop buying chinese or rather put 10% duty on all chinese goods

    stop all welfare program except for sick and old

    expel nearly all illegals and force US public to do those jobs i.e 4-5M jobs right there

    many more...........american creativity is world renowned!

    :D :cool: :p
     
    #27     Jul 28, 2011
  8. hoffmanw

    hoffmanw

    Train accidents happen. Every time you step on the train. There is a very tiny chance of endangering your life. Have you heard about the following?


    Eschede train disaster (Germany) 1998

    Kaprun disaster (Austria) 2000

    Great Heck rail crash (England) 2001

    Amagasaki rail crash (Japan) 2005

    Chatsworth train collision (USA) 2008
     
    #28     Jul 28, 2011
  9. 14th Amendment expressly requires all debts to be honored. If Obama allows default he will be impeached.

    More bullshit by Obama's minions in the press. Watch it intensify over the next few days.
     
    #29     Jul 28, 2011
  10. hear about Amtrak?
     
    #30     Jul 28, 2011