Russia is doing its part. It won’t be long before the dollar isn’t the world reserve currency. When that happens, we’re screwedI didn't say it would happen. I said it was time. Way past time. We've been bankrupt for a very long time now. Congress and the treasury just refuse to admit it.
80 times since 1960. It really is time to pay the piper.
I'm ready to go back to the barter system.Once the entire economy is broke, it can be fixed. Until we hit rock bottom, no one is willing to do what will be required.
I might starve. I mean, my body ain't what it used to be.I'm ready to go back to the barter system.
This the end of the perto-dollar is coming as China and Russia consolidate behind a new currency.Russia is doing its part. It won’t be long before the dollar isn’t the world reserve currency. When that happens, we’re screwed
This isn't like personal debt.
The further they push the debt, the more you pay for it through inflation caused by measures that permit the debt to keep expanding.
If you were to try to fix that, you would cause deflation, which would cause economic destruction beyond your comprehension. The reason why is that the value of people's debt would infinitely expand to the point of bankrupting them. Inflation reduces the value of people's debt, so it's less destructive.
No. The ideal situation would have been to spend inside our means, lo these many years, not have stolen then social security funds of our seniors, and not borrowed the first dime to mortgage our grandchildren's future.The ideal situation is equilibrium, where the debt matches our economic growth, keeping currency values relatively stable.
Why even cave its about time they get a spine isn't it!!!!Republicans demand spending cuts to lift the debt limit. They won't say what to cut.
House Republicans are demanding spending cuts to lift the debt ceiling, but they haven't figured out what to cut.news.yahoo.com
And this is about as far as it will go.
If these Republicans have even a little spine they will hold out for at least a month of government shutdown before caving to the Democrats and Rinos.
But that would shut the government down for 6 months or longer.Why even cave its about time they get a spine isn't it!!!!
This guy nailed it. LolThey just raise it again. R will fight it and fail because D will say the R are stopping SS and welfare if they don’t agree to their terms. Media will say same thing and R will cave so they don’t look like they are the bad guys stopping SS. It’s how it goes every time
Hear Ye, Hear Ye!Shut it all down.