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Old 08-08-2011, 01:20 PM
 
45,542 posts, read 27,152,040 times
Reputation: 23858

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I have said before that I believe the manner in which the government is running its finances, the country will hit a financial brick wall in due time. Today is the warning sign that the end of the road is near and the brick wall is approaching.

We need as many people as possible who are of age to work to pull their own weight. We can not print anymore money. We simply cannot continue spending without regard to the fact that the debt must be paid off. This is the case for all entities - households, companies, and countries.

Despite the blame game that Geithner & Obama are playing so far, this is not a left or right issue – it’s a green issue.

Again, the wall is approaching. Obama is the bus driver; Geithner is in the first seat behind him. Congress is the dispatcher – and is unsure on what to do. China, as the bus owner, is communicating on the two-way radio, telling him to stop and change course. The passengers (US citizens) are making more and more noise. What will Obama do? Will Congress become decisive and help Obama guide the bus away from the wall? Will Obama and Geithner blame the blame the passengers on the bus for distracting him and making too much noise? Or will we all hit the wall?
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Old 08-08-2011, 01:23 PM
 
Location: On Top
12,373 posts, read 13,190,023 times
Reputation: 4027
Quote:
Originally Posted by DRob4JC View Post
I have said before that I believe the manner in which the government is running its finances, the country will hit a financial brick wall in due time. Today is the warning sign that the end of the road is near and the brick wall is approaching.

We need as many people as possible who are of age to work to pull their own weight. We can not print anymore money. We simply cannot continue spending without regard to the fact that the debt must be paid off. This is the case for all entities - households, companies, and countries.

Despite the blame game that Geithner & Obama are playing so far, this is not a left or right issue – it’s a green issue.

Again, the wall is approaching. Obama is the bus driver; Geithner is in the first seat behind him. Congress is the dispatcher – and is unsure on what to do. China, as the bus owner, is communicating on the two-way radio, telling him to stop and change course. The passengers (US citizens) are making more and more noise. What will Obama do? Will Congress become decisive and help Obama guide the bus away from the wall? Will Obama and Geithner blame the blame the passengers on the bus for distracting him and making too much noise? Or will we all hit the wall?
Then why say it again?
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Old 08-08-2011, 01:32 PM
 
45,542 posts, read 27,152,040 times
Reputation: 23858
Quote:
Originally Posted by meson View Post
Then why say it again?
Because some may think the credit rating issue IS the wall - but I don't think it is.
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Old 08-08-2011, 02:52 PM
 
2,409 posts, read 3,040,337 times
Reputation: 2033
We hit the financial brick wall back in 1913............"they" have just been soaking up the winnings for the last 100 years.
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Old 08-08-2011, 02:54 PM
 
24,832 posts, read 37,329,809 times
Reputation: 11538
When the unemployment extensions run out.

And it will.

Last edited by Driller1; 08-08-2011 at 03:12 PM..
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Old 08-08-2011, 03:07 PM
 
Location: Mississippi
3,047 posts, read 2,825,085 times
Reputation: 699
IMHO ObamAA+ is doing this deliberately...remember his people do not own stocks...he is not hurting them.

There is going to be an economic crash in order to change America.

Remember his speech... "...we are just five days from fundamentally transforming America..."

This transformation is socialism.
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Old 08-08-2011, 03:13 PM
 
24,832 posts, read 37,329,809 times
Reputation: 11538
Quote:
Originally Posted by DraggingCanoe View Post
IMHO ObamAA+ is doing this deliberately...remember his people do not own stocks...he is not hurting them.

There is going to be an economic crash in order to change America.

Remember his speech... "...we are just five days from fundamentally transforming America..."

This transformation is socialism.

‪Obama: "Fundamentally Transforming the United States of America"‬‏ - YouTube
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Old 08-08-2011, 03:20 PM
 
24,832 posts, read 37,329,809 times
Reputation: 11538
Quote:
Originally Posted by CAPBeav View Post
Is that so? The rich get to keep more of their money than ever before. Oil subsidies have never been higher. And fewer and fewer people will be benefitting from social programs the more we cut.

Anyone who thinks we're on a path to socialism must think Britain or France is fresh off another Bolshevik Revolution.
How are the "rich" keeping more of their money???

Why shouldn't they keep THEIR money???
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Old 08-08-2011, 03:24 PM
 
Location: Sierra Vista, AZ
17,531 posts, read 24,687,243 times
Reputation: 9980
Quote:
Originally Posted by Driller1 View Post
How are the "rich" keeping more of their money???

Why shouldn't they keep THEIR money???
Funny how 40% of the economy that used to be our money became their money.

They have tripled their wealth in a decade while the average Americans wealth went down. So either you are one of them or you are paying for their gluttony
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Old 08-08-2011, 03:54 PM
 
Location: Sinking in the Great Salt Lake
13,138 posts, read 22,804,086 times
Reputation: 14116
Maybe we need WW3 to put people back to work.
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