Default is not the problem. It is the only solution. | TigerDroppings.com
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zeebo
LSU Fan
Member since Jan 2008
2009 posts

Default is not the problem. It is the only solution.

We can't handle credit, and we are living high on the hog, with two "free lunch," political parties. One won't reign in entitlements, and one won't reign in defense.

Future generations shouldn't pay for this. Since we won't live within our means, and keep adding to the debt of future generations, we can only blow up our credit and start living within our means.


Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
121127 posts

re: Default is not the problem. It is the only solution.
The problem is you're also thinking short term

We need to gradually reduce our spending and be fiscally responsible over the long haul

We're not going to get there overnight and it doesn't make sense to try to get there overnight.


Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
73511 posts

re: Default is not the problem. It is the only solution.
meanwhile China is licking their chops at the opportunity to reduce global dependency on, and trust in, the dollar and US Treasurys.


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NC_Tigah
LSU Fan
Member since Sep 2003
57155 posts

re: Default is not the problem. It is the only solution.
quote:

Default is not the problem. It is the only solution.
Wow.

First, I doubt you mean "default"
Second, actually technical default would be economically catastrophic.
quote:

Future generations shouldn't pay for this.
Agree 100%


a want
LSU Fan
North America
Member since Oct 2010
10878 posts

re: Default is not the problem. It is the only solution.
quote:

First, I doubt you mean "default" Second, actually technical default would be economically catastrophic.

Non-technical default would almost certainly put us back into a recession. I don't know if that's 'catastrophic', but it's pretty damn bad (and idiotic).


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Bard
LA-Monroe Fan
BR
Member since Oct 2008
18264 posts

re: Default is not the problem. It is the only solution.
quote:

We're not going to get there overnight and it doesn't make sense to try to get there overnight.


With the current pervasiveness of the "it's government's job to solve this problem" mindset, how do you see anything other than growth in spending as we go forward? Has there been any real push by enough people in both parties to cut ACTUAL spending and not just cut the growth in spending?

I agree with the idea you are pushing, but not only is there nothing that has come along to show that there is political will to do it, but the political will seems to be to go in the opposite direction and thus your idea is unrealistic.


zeebo
LSU Fan
Member since Jan 2008
2009 posts

re: Default is not the problem. It is the only solution.
Do you believe we will get our spending under control?
Is there any evidence to support this belief?

Isn't catastrophy more likely under our current path?


jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27633 posts

re: Default is not the problem. It is the only solution.
quote:

Wow

i know right


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a want
LSU Fan
North America
Member since Oct 2010
10878 posts

re: Default is not the problem. It is the only solution.
quote:

With the current pervasiveness of the "it's government's job to solve this problem" mindset




Yes, and all democrats are welfare/foodstamp receiving parasites, and all republicans are tobacco chewing, racist rednecks.


Blue Velvet
Colorado State Fan
Apple butter toast is nice
Member since Nov 2009
18185 posts

re: Default is not the problem. It is the only solution.
quote:

We need to gradually reduce our spending and be fiscally responsible over the long haul
Impossible


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themunch
LSU Fan
At home/ at work/ it's all the same
Member since Jan 2007
13289 posts

re: Default is not the problem. It is the only solution.
Yes, and all the wealthy democrats are welfare/foodstamp receiving parasites, and all poor republicans are tobacco chewing, racist rednecks.


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NC_Tigah
LSU Fan
Member since Sep 2003
57155 posts

re: Default is not the problem. It is the only solution.
quote:

Isn't catastrophy more likely under our current path?
As opposed to default?
No.


Bard
LA-Monroe Fan
BR
Member since Oct 2008
18264 posts

re: Default is not the problem. It is the only solution.
quote:

Yes, and all democrats are welfare/foodstamp receiving parasites, and all republicans are tobacco chewing, racist rednecks.


I should have qualified that with "within DC". My mistake.


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Bard
LA-Monroe Fan
BR
Member since Oct 2008
18264 posts

re: Default is not the problem. It is the only solution.
quote:

As opposed to default?
No.


I think what he means is that unless something is done we will eventually reach a point where we can't even pay the interest on the debt.
This post was edited on 10/16 at 12:40 pm


Tigah in the ATL
LSU Fan
Atlanta
Member since Feb 2005
25768 posts

re: Default is not the problem. It is the only solution.
This would like cutting off your arms because you have cancer.


oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
22222 posts

re: Default is not the problem. It is the only solution.
quote:

Future generations shouldn't pay for this

then why the rush to make them pay now. As the generation who put all this welfare shite in place is getting ready to leave the workforce while the younger generations begin to take over the workforce and provide the highest share of taxes?


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mmcgrath
LSU Fan
New Jersey
Member since Feb 2010
8633 posts
Online

re: Default is not the problem. It is the only solution.
quote:

Default is not the problem. It is the only solution.
I have to admit that I checked real quick to see if you posted in the "If Obama defaults its treason" thread.


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NC_Tigah
LSU Fan
Member since Sep 2003
57155 posts

re: Default is not the problem. It is the only solution.
quote:

I think what he means is that unless something is done we will eventually reach a point where we can't even pay the interest on the debt.
Probably.

I'm just tired of the "default" bull shite.


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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27633 posts

re: Default is not the problem. It is the only solution.
quote:

This would like cutting off your arms because you have cancer.

that DOES happen fwiw.


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SpidermanTUba
LSU Fan
NAWLINS
Member since May 2004
32277 posts

re: Default is not the problem. It is the only solution.
quote:

Default is not the problem. It is the only solution


No thanks, I like my bank account.

This post was edited on 10/16 at 1:57 pm


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