what happens if the treasury runs out of money? (unemployment, Congress, regime)
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All I am asking is for government to come up with a solution to an oversized government.
Fair enough. But slashing 600 billion from the budget overnight is going to throw the country into a depression and it is pretty likely that all of us, you and I included, would suffer greatly from that not to mention that revenue collapse would lead to even more deficit. We need a graduated approach of smarter government and debt service over a 40 year period to manage the problem without making things worse. I don't see anyone seriously working at that in DC though.
You obviously know very little about the government you hate so vehemently. But that's to be expected. Hate is usually spawned by ignorance.
All we have to do is print more money.
Excess printing devalues currency...
Of course. And that's exactly the nature of the "solution" proposed by today's modern liberals.
Imagine some guy in 1970 who works hard and saves his money, to buy a shiny brand-new luxury car. He works and works, and finally has enough in his piggy bank to buy it. Then, before setting out to the dealer to buy the car, he lies down for a nap... and sleeps for 43 years. (His name is Rip Van something).
He wakes up, and finds out it's now the year 2013. No matter. All that hard work is still there, his money is still in the piggy bank, every penny of it. He grabs it, bounces down to the dealer, and says he want to buy that luxury car now. He had checked the price just before his nap, and knows for a fact he's got that much, due to all his hard work, scrimping and saving.
He hands the dealer the money. The dealer goes in the back, and brings out... a bicycle.
It's a very nice bicycle, carbon-fiber frame and fork, all the toys, very high quality. But it's still just a bicycle.
"Hey, I saved up for a CAR! Not this bicycle. Where's the car that all these years of work will buy? It was right there in your showroom, and the price tag said exactly that amount, all that time I was working so hard! I KNOW I worked hard enough to earn all the money for that car!"
He can't figure out where all the value from that hard work went, all the effort, all the discipline, scrimping, and saving.
The answer is: It was stolen from him, by little mohawkx, who elected politicians to print so much money that inflation devalued the cash. All the "new trillions" were spent by those same politicians, on every program under the sun, from welfare to Sosh Security to Obama's golf trips. And it's gone.
Those politicians were spending Rip Van somebody's hard work and effort. And now Rip has very little left, to show for all that hard work.
Do you begin to understand how inflation is nothing but "robbery of the thrifty and hardworking"?
No, you won't. No guess is needed, to tell what ignorant, talking-points-driven liberals mean... and how different it is from reality.
You guys are way too serious. Lighten up sometimes. After all is said and done, we live in the same country, all have one vote and are really on the same side in the larger scheme of things. Disagree with me, but don't treat me like some ignorant animal who is undeserving of your respect for some flippant sardonic comment. I've never disrespected you in the years we've gone back and forth.
When you can't tell an obvious joke from a serious solution, you may be spending too much time on the internet.
Well the "downside" would be that we would default on our debts, and the defense budget, Social Security, Medicare, and law enforcement would have to be cut by 50 percent. Unemployment rate would skyrocket and we would go into an economic depression. But other than that it sounds like a great idea.
Quote:
Originally Posted by Dockside
Really? Only spend what they take in? Sort of like the rest of us. I'm not sure I see a downside there.
Its ok the government shutdown for 1 day and look at the crazy people talking.
when you have guns, bullets, food and water you have stocked up the government can stay closed for a long time.
If you need that welfare check, ss check and want to see some federal parks you might want the government to start cutting spending and balance a budget. Or you could just raise everyones taxes to 50% and make all socialist happy. But not really sure money is the problem since right now they print it and nothing gets better/
From anyone else, I would be sure this laughable reply is meant as the joke it obviously is.
From mohawkx, I'm not so sure.
no, mohawkx isn't joking. LOL.
Originally Posted by petch751
They send Obama out to promote class warfare to raise taxes again. Only this time he will consider people who make $100k rich. Hell why not go straight where he intends, he will say people making $50k are rich.
The Treasury ran out of money, so to speak, in May and has been using federal pension money to pay the bills.
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