Home › Forums › Financial Markets/Economics › U.S. TO DEFAULT ON ITS DEBT – SUMMER 2009
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November 14, 2008 at 8:28 AM #304870November 14, 2008 at 9:05 AM #304407
socrattt
Participant[quote=kewp]We can easily pay off our debt if we:
A. End the war in Iraq.
B. Reverse Bush’s tax cuts for the wealthy.
C. Print money.
President Obama will take of this with no problem.
[/quote]
Kewp, you are extremely deceived if you think that A, B and C will fix our problems. That was probably also your basis for voting for Obama. I am not a huge fan of Obama’s policies and you fail to see that the democratic party in office would like to take on much more debt including that of GM and Ford. Unless Obama makes an effort to stay away from a socialistic government then A,B and C are far fetched ideas. I might agree with you if it wasn’t the plan to incur additional debt.
I’ve noticed lately that there are few positive people in regards to our economy and they always seem to be salesman. Kewp, I don’t know your profession, but I would assume it involves giving others a sense of false hope. Being positive is great and I have always been that way. It just starts to wear on society when they see that being the smart one will not be rewarded!
Prepare for the worst, but hope for the best! Unfortunately that is my current motto!
November 14, 2008 at 9:05 AM #304772Participant[quote=kewp]We can easily pay off our debt if we:
A. End the war in Iraq.
B. Reverse Bush’s tax cuts for the wealthy.
C. Print money.
President Obama will take of this with no problem.
[/quote]
Kewp, you are extremely deceived if you think that A, B and C will fix our problems. That was probably also your basis for voting for Obama. I am not a huge fan of Obama’s policies and you fail to see that the democratic party in office would like to take on much more debt including that of GM and Ford. Unless Obama makes an effort to stay away from a socialistic government then A,B and C are far fetched ideas. I might agree with you if it wasn’t the plan to incur additional debt.
I’ve noticed lately that there are few positive people in regards to our economy and they always seem to be salesman. Kewp, I don’t know your profession, but I would assume it involves giving others a sense of false hope. Being positive is great and I have always been that way. It just starts to wear on society when they see that being the smart one will not be rewarded!
Prepare for the worst, but hope for the best! Unfortunately that is my current motto!
November 14, 2008 at 9:05 AM #304785Participant[quote=kewp]We can easily pay off our debt if we:
A. End the war in Iraq.
B. Reverse Bush’s tax cuts for the wealthy.
C. Print money.
President Obama will take of this with no problem.
[/quote]
Kewp, you are extremely deceived if you think that A, B and C will fix our problems. That was probably also your basis for voting for Obama. I am not a huge fan of Obama’s policies and you fail to see that the democratic party in office would like to take on much more debt including that of GM and Ford. Unless Obama makes an effort to stay away from a socialistic government then A,B and C are far fetched ideas. I might agree with you if it wasn’t the plan to incur additional debt.
I’ve noticed lately that there are few positive people in regards to our economy and they always seem to be salesman. Kewp, I don’t know your profession, but I would assume it involves giving others a sense of false hope. Being positive is great and I have always been that way. It just starts to wear on society when they see that being the smart one will not be rewarded!
Prepare for the worst, but hope for the best! Unfortunately that is my current motto!
November 14, 2008 at 9:05 AM #304801Participant[quote=kewp]We can easily pay off our debt if we:
A. End the war in Iraq.
B. Reverse Bush’s tax cuts for the wealthy.
C. Print money.
President Obama will take of this with no problem.
[/quote]
Kewp, you are extremely deceived if you think that A, B and C will fix our problems. That was probably also your basis for voting for Obama. I am not a huge fan of Obama’s policies and you fail to see that the democratic party in office would like to take on much more debt including that of GM and Ford. Unless Obama makes an effort to stay away from a socialistic government then A,B and C are far fetched ideas. I might agree with you if it wasn’t the plan to incur additional debt.
I’ve noticed lately that there are few positive people in regards to our economy and they always seem to be salesman. Kewp, I don’t know your profession, but I would assume it involves giving others a sense of false hope. Being positive is great and I have always been that way. It just starts to wear on society when they see that being the smart one will not be rewarded!
Prepare for the worst, but hope for the best! Unfortunately that is my current motto!
November 14, 2008 at 9:05 AM #304860Participant[quote=kewp]We can easily pay off our debt if we:
A. End the war in Iraq.
B. Reverse Bush’s tax cuts for the wealthy.
C. Print money.
President Obama will take of this with no problem.
[/quote]
Kewp, you are extremely deceived if you think that A, B and C will fix our problems. That was probably also your basis for voting for Obama. I am not a huge fan of Obama’s policies and you fail to see that the democratic party in office would like to take on much more debt including that of GM and Ford. Unless Obama makes an effort to stay away from a socialistic government then A,B and C are far fetched ideas. I might agree with you if it wasn’t the plan to incur additional debt.
I’ve noticed lately that there are few positive people in regards to our economy and they always seem to be salesman. Kewp, I don’t know your profession, but I would assume it involves giving others a sense of false hope. Being positive is great and I have always been that way. It just starts to wear on society when they see that being the smart one will not be rewarded!
Prepare for the worst, but hope for the best! Unfortunately that is my current motto!
November 14, 2008 at 9:08 AM #304437jpinpb
ParticipantAfter reading most of these long posts, I just have one question: What can we do personally to protect ourselves, whether it be deflation or hyperinflation?
Should I buy any house I can get myself into and stop paying?
Should I take my money out of the bank and buy gold bullions?
The dollar continues to lose value. I posted the thread about the Economist on world crisis
All the information is interesting, but what can we do on a personal level?
November 14, 2008 at 9:08 AM #304802ParticipantAfter reading most of these long posts, I just have one question: What can we do personally to protect ourselves, whether it be deflation or hyperinflation?
Should I buy any house I can get myself into and stop paying?
Should I take my money out of the bank and buy gold bullions?
The dollar continues to lose value. I posted the thread about the Economist on world crisis
All the information is interesting, but what can we do on a personal level?
November 14, 2008 at 9:08 AM #304815ParticipantAfter reading most of these long posts, I just have one question: What can we do personally to protect ourselves, whether it be deflation or hyperinflation?
Should I buy any house I can get myself into and stop paying?
Should I take my money out of the bank and buy gold bullions?
The dollar continues to lose value. I posted the thread about the Economist on world crisis
All the information is interesting, but what can we do on a personal level?
November 14, 2008 at 9:08 AM #304833ParticipantAfter reading most of these long posts, I just have one question: What can we do personally to protect ourselves, whether it be deflation or hyperinflation?
Should I buy any house I can get myself into and stop paying?
Should I take my money out of the bank and buy gold bullions?
The dollar continues to lose value. I posted the thread about the Economist on world crisis
All the information is interesting, but what can we do on a personal level?
November 14, 2008 at 9:08 AM #304890ParticipantAfter reading most of these long posts, I just have one question: What can we do personally to protect ourselves, whether it be deflation or hyperinflation?
Should I buy any house I can get myself into and stop paying?
Should I take my money out of the bank and buy gold bullions?
The dollar continues to lose value. I posted the thread about the Economist on world crisis
All the information is interesting, but what can we do on a personal level?
November 14, 2008 at 9:33 AM #304447sdduuuude
ParticipantIt doesn’t matter if they want them. They loaned dollars and they’ll get dollars. Debt paid.
You can’t loan me 5 coconunts with a signed contract that I’ll pay you back with 6 coconuts next year, then refuse the 6 coconuts when I present them just because you like pineapples better and there are suddenly too many coconuts.
You shouldn’t have loaned coconuts to the coconut farmer just as the farmer was increasing production.
November 14, 2008 at 9:33 AM #304812ParticipantIt doesn’t matter if they want them. They loaned dollars and they’ll get dollars. Debt paid.
You can’t loan me 5 coconunts with a signed contract that I’ll pay you back with 6 coconuts next year, then refuse the 6 coconuts when I present them just because you like pineapples better and there are suddenly too many coconuts.
You shouldn’t have loaned coconuts to the coconut farmer just as the farmer was increasing production.
November 14, 2008 at 9:33 AM #304825ParticipantIt doesn’t matter if they want them. They loaned dollars and they’ll get dollars. Debt paid.
You can’t loan me 5 coconunts with a signed contract that I’ll pay you back with 6 coconuts next year, then refuse the 6 coconuts when I present them just because you like pineapples better and there are suddenly too many coconuts.
You shouldn’t have loaned coconuts to the coconut farmer just as the farmer was increasing production.
November 14, 2008 at 9:33 AM #304843ParticipantIt doesn’t matter if they want them. They loaned dollars and they’ll get dollars. Debt paid.
You can’t loan me 5 coconunts with a signed contract that I’ll pay you back with 6 coconuts next year, then refuse the 6 coconuts when I present them just because you like pineapples better and there are suddenly too many coconuts.
You shouldn’t have loaned coconuts to the coconut farmer just as the farmer was increasing production.
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