http://globaleconomicanalysis.blogspot.com/2009/12/crushing-burden-of-debt.html 840% of GDP....Govt/Corp/Indivs US Govt. needs to downsize 30 to 50% Indivs...must reduce..... Corps....must reduce..... Tax structure must change to facilitate future payback capability.... ........................................................... Unfortunately the worst poly crop in US history does not get it..... THEY keep stacking up debt and will want even more taxes from a declining base...... ....................................................
It seems ever more likely that they are INTENTIONALLY piling on the debt and government burden... THEY WANT TO COLLAPSE THE US CAPITALISTIC ECONOMY.. so that they can institute a new social and economic system in the US... a very government-centric, Socialist one.
If a politician runs on the platform that he is going to cut programs/services/ spending and raise taxes to pay off the debt he wont get very far as a politician It is scary that we are paying 500 billion dollars a year in interest on the debt
For those that prefer we dramatically reduce debt and slash gov't size and spending: What will happen to GDP and unemployment? (I'm just playing devil's advocate here)
......................................... Absolutely correct way to think.... But here it is.... From which process will the US recover in such a way as to dwarf the current liabilities ....? From a limping....worsening position....or from a position of RAPID AND SUSTAINED recovery...????? How ...? Immediately replace the tax structure with a 10/5 C tax only....no other taxes..... It would really be this simple.... LESS IS MORE.....
........................................ I view the recent IMF importance....all over the world.... A REAL concern.... I am for independence and sovereignty.... It was only MONTHS ago that the IMF was growing in irrelevance....
I agree about the perception of gov't "intentionally" trying to bring down the entire system. Just do the math. We have less and less people working, and exploding national debt. The credit card is maxed out, and now they're just playing the game of rolling balances. I think this is why the Dems are so set on doing whatever the hell they want right now, cuz they know the day of reckoning is near. They're all trying to get what they can, while they can. Here's what I've been pondering. The FED is made up of a group of world banks. Right now, it's the FED that is buying up the MBS, preventing the housing market from collapsing to affordable levels. The FED also holds a tremendous amount of gov't debt. If the US defaults, can the FED ( and that group of banks) step in and demand assets in return for the debt? Meaning, can they essentially do away with the current political system and institute the elusive NWO? And if the US defaults, could the FED step in and take over all pension, retirement,401K accounts in a mass seizure of assets because of debt default?...it's crazy, I know. Just asking. And regarding the flat tax, the simple fact that it would cut the size of gov't makes it an impossible reality. For me, it would make sense. The more money you spend, the more tax you pay..period.
I don't think we can vote the bastards out of office fast enough to save America. This may eventually end in the second civil war.
Watch what the elephants DO, not what they say or don't say. The elephants, are of course the Federal Govt and Fed, both hopelessly buried in the results of 75 or so years of Keynesian economics. We will soon live in its wake. The government and Fed are leveraging up with wild abandon trying to create a new bubble to kick the depression can down the road one more time. It remains to be seen whether the rest of the world will play along one more round, or at what point they pull the plug on our simply unimaginable amount of debt. IMO, it was just a bad experiment that lasted only 75 years, but a few gallons as compared to an ocean of time. I wonder what the new economics will be called?