Why we are 100% screwed as a country

Darla said:
DY was polite? Everytime this thing opens its mouth I hear alias. However, who knows who alias was. DY, loyal, ice...it's an open question.

Who even cares.
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Compared to Alias, DY was generally polite, though he had his moments.
 
FactsRStubborn said:
Good question. What should "WE" do? Well, if you mean we as a country, then the answer is very simple. We should stop with the socialism. End Socialist inSecurity. End Mediscare. End Medicaid. End every single entitlement there is. End every bit of crony capitalism and corporate welfare. We should end it all. But, you and I know that it is never going to happen.

Now, if you mean what should "we" do as individuals? Well, that is up to you. I have my plan to protect me and my family and "we" as in me and my family will be just fine. We know how to hunt our own food. We have land and know how to grow our own food and we have access to lots of drinkable water. "We" will be just fine.

I am merely pointing out facts. I understand that they are scary to some, so they would rather pretend that they aren't going to happen. It is much easier to meander along thinking "it can't happen here". Well, it can happen here and it is closer than you think. Sounds all doomsday I know, but I am sure that there were those in the Weimar Republic that never thought it could happen to them.

Actually, proclaiming we are all screwed is very helpful. Once you realize it and get your head out of the sand, you can start doing something about it. I don't mean doing something about the $65 trillion in debt. That is already done. Math is math and no amount of political posturing from the left or right is going to change the financial picture. But, you can take steps to prepare yourself. You may think it is crazy, but remember what your mama always told you. Better safe than sorry.
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Try Xanax. I understand it works wonders on panic disorders.
 
WinterBorn said:
The math is the math as long as you are talking about paying off the entire debt at one time. But that is not how it works, is it? But if we look at reducing the deficit and paying on the debt of a few decades, it doesn't seem as scary and not as useful to alarmists and sensationalists.I am one of those who hopes for the best and prepares for the worst. Perhaps getting to know people before you make blanket statements would help.

As for the Weimar Republic, that was hardly a doomsday situation now was it? It lasted what, 10 or 12 years? Not quite a survivalist situation overall.
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Bolded is true, however scope and influence of the Fed gov't is expanding - i've seen all kinds of numbers on ACA - no clue which way is up/upside down.

Simpson - Bowles wanted to cut long term(a fter the stimulative) - not austerity, but to check and reverse levels of spending cuts.
( i forget all the details, since it was absolutely ignored by all of DC).
The levels of projected debt, plus the unfunded mandates, could "screw us 100%" -nothing is prewritten in stone, but the warning signs for serious tax reform, entitlement reform are there.
 
annata said:
Bolded is true, however scope and influence of the Fed gov't is expanding - i've seen all kinds of numbers on ACA - no clue which way is up/upside down.

Simpson - Bowles wanted to cut long term(a fter the stimulative) - not austerity, but to check and reverse levels of spending cuts.
( i forget all the details, since it was absolutely ignored by all of DC).
The levels of projected debt, plus the unfunded mandates, could "screw us 100%" -nothing is prewritten in stone, but the warning signs for serious tax reform, entitlement reform are there.
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And the warning signs have been there for decades and to not much avail. I'm beginning to think there just isn't much there there. Generally accepted accounting practices indicate the problem to be much less than is reported or predicted.
 
Gatorman said:
And the warning signs have been there for decades and to not much avail. I'm beginning to think there just isn't much there there. Generally accepted accounting practices indicate the problem to be much less than is reported or predicted.
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Updated Budget Projections: Fiscal Years 2012 to 2022
19March 13, 2012


CBO’s current estimate of the budget deficit for fiscal year 2012—$1.2 trillion—is $93 billion larger than the deficit projected in January. Conversely, CBO’s baseline projection of the cumulative deficit for the 10-year period from 2013 to 2022 is $186 billion smaller than the amount projected in January—a decrease equal to about 0.1 percent of gross domestic product (GDP) over that period.

The fundamental story about the federal budget has not changed: Although the deficit is starting to shrink, it remains very large by historical standards. How much and how quickly it declines will depend in part on how well the economy performs over the next few years. Probably more critical, though, will be the fiscal policy choices made by lawmakers as they face the substantial changes to tax and spending policies that are slated to take effect within the next year under current law.http://www.cbo.gov/publication/43119
 
Gatorman said:
And I would hope a richly deserved one for you, christie. I have no clue as to why he was thanking me for your suggestion. But, he is an idiot. Why not?
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It's his little play on 'all liberals are the same'. You must be christie and christie must be Rune, etc. Isn't Alias - I mean FactsRStubborn - funny and clever?
 
annata said:
Updated Budget Projections: Fiscal Years 2012 to 2022
19March 13, 2012


CBO’s current estimate of the budget deficit for fiscal year 2012—$1.2 trillion—is $93 billion larger than the deficit projected in January. Conversely, CBO’s baseline projection of the cumulative deficit for the 10-year period from 2013 to 2022 is $186 billion smaller than the amount projected in January—a decrease equal to about 0.1 percent of gross domestic product (GDP) over that period.

The fundamental story about the federal budget has not changed: Although the deficit is starting to shrink, it remains very large by historical standards. How much and how quickly it declines will depend in part on how well the economy performs over the next few years. Probably more critical, though, will be the fiscal policy choices made by lawmakers as they face the substantial changes to tax and spending policies that are slated to take effect within the next year under current law.http://www.cbo.gov/publication/43119
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Excellent news, annata. Thank you very much!!!!!
 
FactsRStubborn said:
As it stands today, our federal gobblement is anywhere from $65 to 100 trillion in debt when you consider the unfunded liabilities for Socialist inSecurity and Mediscam. For those who do not understand what unfunded liabilities mean. It essentially means that the federal gobblement would need to have $65-100 trillion sitting in the bank TODAY to cover all of the debts that will come due over the ensuing years as the baby boomers begin to suck us dry.

To give you a little context on what that actually means, there is about $70 trillion of GDP in the entire world. That would mean the US of A would have to confiscate the entire wealth of the entire world just to cover its debts.

It is a matter of math plain and simple and no amount of political posturing on either side will change it. So while the political class has you all hot and bothered over whether to increase taxes on the top 2% just know that whether they do or don't, it doesn't matter because either way we are fucked.:awesome:




As it stands today, our federal gobblement is anywhere from $65 to 100 trillion in debt when you consider the unfunded liabilities for Socialist inSecurity and Mediscam. For those who do not understand what unfunded liabilities mean. It essentially means that the federal gobblement would need to have $65-100 trillion sitting in the bank TODAY to cover all of the debts that will come due over the ensuing years as the baby boomers begin to suck us dry.

To give you a little context on what that actually means, there is about $70 trillion of GDP in the entire world. That would mean the US of A would have to confiscate the entire wealth of the entire world just to cover its debts.

It is a matter of math plain and simple and no amount of political posturing on either side will change it. So while the political class has you all hot and bothered over whether to increase taxes on the top 2% just know that whether they do or don't, it doesn't matter because either way we are fucked.
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OK. Let’s spend a few minutes and think this through. We’ll start with msg #12 where you wrote,
Well, you obviously are a hope kind of person if you think we are ever going to "pay" on the debt. Where do you think the money is going to come from? We are functionally broke as a country. The only reason we haven't gone tits up is because the US federal gobblement can print money and compared to the rest of the world we are relatively economically stable.
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In msg. #13 you wrote,
I know that if the shit (any shit) hits the fan, I will be prepared. Will you? Or will you be like those poor Katrina folks standing around in a daze wondering when the gobblement is going to come help you because "you paid into the system"?
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If the armed services personnel were here instead of in Afghanistan and Iraq and the dozens of other countries where there are bases there would have been plenty of help. Did you know there is a total of 1,414,149 active duty military personnel worldwide? http://siadapp.dmdc.osd.mil/personnel/MILITARY/history/hst1112.pdf

Imagine if 250,000 of them were tasked with helping Katrina victims. Imagine 250,000 trained personnel along with military equipment such as helicopters and boats were available. Imagine 250,000 strong, healthy, intelligent men and women helping in the relocation. Just imagine.

Now, let’s get back to the debt. America can grow enough food for US citizens as the US exports some (food, not citizens). :) Regardless of whether a dollar is worth a dollar or is worth 2 cents that doesn’t stop crops from growing. It doesn’t stop clothing factories from making clothes.

If a major crisis or disaster occurs it will be a manufactured one because there are enough basic supplies. Being prepared for a small, limited disaster is fine. Maybe food and water for a week. A larger crisis/disaster can be addressed if the majority of military personnel are home where they belong. A meteor strike, like in the movies, then all bets are off. Besides, who would want to live in what would be a “nuclear winter”?

So, put your fears to rest. Dec 21, 2012 is just around the corner. What has occupied my thoughts lately is what will happen to YouTube and all those 2012 videos. Talk about needing a massive defrag.
 
Bijou said:
It's his little play on 'all liberals are the same'. You must be christie and christie must be Rune, etc. Isn't Alias - I mean FactsRStubborn - funny and clever?
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I've got his number, Bijou. Thanks, my friend!! He is just "another one of those".
 
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apple0154 said:
OK. Let’s spend a few minutes and think this through. We’ll start with msg #12 where you wrote,


In msg. #13 you wrote,

If the armed services personnel were here instead of in Afghanistan and Iraq and the dozens of other countries where there are bases there would have been plenty of help. Did you know there is a total of 1,414,149 active duty military personnel worldwide? http://siadapp.dmdc.osd.mil/personnel/MILITARY/history/hst1112.pdf

Imagine if 250,000 of them were tasked with helping Katrina victims. Imagine 250,000 trained personnel along with military equipment such as helicopters and boats were available. Imagine 250,000 strong, healthy, intelligent men and women helping in the relocation. Just imagine.

Now, let’s get back to the debt. America can grow enough food for US citizens as the US exports some (food, not citizens). :) Regardless of whether a dollar is worth a dollar or is worth 2 cents that doesn’t stop crops from growing. It doesn’t stop clothing factories from making clothes.

If a major crisis or disaster occurs it will be a manufactured one because there are enough basic supplies. Being prepared for a small, limited disaster is fine. Maybe food and water for a week. A larger crisis/disaster can be addressed if the majority of military personnel are home where they belong. A meteor strike, like in the movies, then all bets are off. Besides, who would want to live in what would be a “nuclear winter”?

So, put your fears to rest. Dec 21, 2012 is just around the corner. What has occupied my thoughts lately is what will happen to YouTube and all those 2012 videos. Talk about needing a massive defrag.
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Oh OK we can just imagine all the debt away. Problem solved.

Imagine if OWEdummy had closed GITMO?

Imagine if he had cut the deficit in half like he said he would?

Imagine if his Porkulus bill had actually stimulated the economy like OWEdummy said it would?

Imagine?
 
Gatorman said:
And the warning signs have been there for decades and to not much avail. I'm beginning to think there just isn't much there there. Generally accepted accounting practices indicate the problem to be much less than is reported or predicted.
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Didn't Enron,Worldcom and Bernie Madoff and Jon Corzine use generally accepted accounting principles. That should make everyone feel so much better
 
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