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Started By
Message
re: Powell: ‘The US is on an unsustainable fiscal path’
Posted on 2/5/24 at 8:44 am to Bard
Posted on 2/5/24 at 8:44 am to Bard
quote:
No one gets re/elected by cutting federal spending. Cutting Medicare/caid spending, gutting defense, firing federal workers, defunding grants, etc. is completely contrary to politics so it's going to happen only with a gun to the head of Congress and the White House.
Close borders, deport illlegals and stop sending billions overseas would go a long way to saving a bunch of money and not harm a single American citizen
0
Posted on 2/5/24 at 8:45 am to Longhorn Actual
quote:
"Property Owner" in the context of 2024 = "voting is restricted to only those who have made a net contribution to the United States Treasury"
quote:
"voting is restricted to only those who have made a net contribution to the United States Treasury
What period are you looking at to determine that one is net contributor?
Also, what mechanisms are you putting in place to track and determine eligibility for each voter?
Posted on 2/5/24 at 8:46 am to Wally Sparks
quote:
Let me guess, white men that own property?
I’d settle for people who pay a net amount in taxes
Posted on 2/5/24 at 8:52 am to Northwestern tiger
Powell was telling the American people that the Federal Reserve isn't the bad guys, we are simply the enablers for the Federal government's out of control deficit spending and eventual financial collapse of the US.
There isn't a legitimate bank in existence who would loan any customer money if a balance sheet like the US federal government was a determining factor.
There isn't a legitimate bank in existence who would loan any customer money if a balance sheet like the US federal government was a determining factor.
Posted on 2/5/24 at 9:01 am to Northwestern tiger
You don't say...
Posted on 2/5/24 at 9:09 am to jclem11
quote:
What period are you looking at to determine that one is net contributor?
Also, what mechanisms are you putting in place to track and determine eligibility for each voter?
I'm not hammering out policy, dingus.
I'm saying that we'd be better off if the takers weren't allowed to vote. Restricting the decision making to the makers - net contributors/people with skin in the game (easily defined as people who pay taxes) - would serve us much better.
Posted on 2/5/24 at 9:10 am to Bard
quote:
There may be a few who want a collapse, but I think the majority are just fricking dumb and/or selfish.
The current "old" government "collapses", "new" government that will be functionally the same takes over, national debt is erased because it was taken out by the now defunct "old" government and the new one declines to acknowledge it, "risk of investment" being what it is and everything.
Posted on 2/5/24 at 9:17 am to Northwestern tiger
He's saying nothing new. It's been said for years and years, yet here we are.
We all know the definition of insanity. Hoping that anything will change to remedy the problem, is.... well.... Insane.
Unfortunately, it appears that the only remedy will be AFTER the present DC system and bureaucracy causes itself to be burned to the ground. Terrible in the short term but necessary for long term survival of our nation.
We all know the definition of insanity. Hoping that anything will change to remedy the problem, is.... well.... Insane.
Unfortunately, it appears that the only remedy will be AFTER the present DC system and bureaucracy causes itself to be burned to the ground. Terrible in the short term but necessary for long term survival of our nation.
Posted on 2/5/24 at 10:10 am to VolSquatch
quote:
national debt is erased because it was taken out by the now defunct "old" government and the new one declines to acknowledge it,
That'll be the shortest existence of any government if this happens.
Posted on 2/5/24 at 10:27 am to VolSquatch
quote:
The current "old" government "collapses", "new" government that will be functionally the same takes over, national debt is erased because it was taken out by the now defunct "old" government and the new one declines to acknowledge it, "risk of investment" being what it is and everything.
The USD would collapse in such a scenario and bring not only the US down with it but most of the world's economies as well. A large part of the Dollar's value is derived not just from how many exist, but also how desirable our debt is and the currency's role as being the primary world reserve currency.
Proclaiming all federal debt null and void would destroy the economy (most, if not all, pensions and retirement funds are invested in federal securities to some extent) and ruin the value of US debt (ie: no one would buy securities any longer since the government just fricked everyone who had lent them money). That plummeting value would quickly kill the USD as the primary world reserve currency (thus speeding up the demise of the USD).
Posted on 2/5/24 at 10:31 am to Longhorn Actual
You made the comment about policy, dingus.
Don’t get mad for getting hit with clarifying questions about your policy prescriptions.
Don’t get mad for getting hit with clarifying questions about your policy prescriptions.
Posted on 2/5/24 at 11:00 am to Wally Sparks
TYPICAL RACIST posting!
How about qualified means you’re a contributing member of society. Paying or having paid taxes throughout life.
The current system is like you having a checking account and have a stadium of people with debit cards and tell you how to spend your money you moron!
Current system is simple!
We vote for corrupt politicians that sit in protected buildings that decide how to spend money that is GUARANTEED ONLY BY THE BACKS OF AMERICAN TAX PAYERS!
So WHY SHOULD ANYONE THAT IS “NOT ON THE HOOK” have the ability to ELECT PUBLIC OFFICIALS???
You can’t answer this any other way, your one of these posters who likely view the world as unfair because you can’t make anything of yourself and blame it on race.
Can’t stand people like you that point to the “white man” having the only rights. Grow a pair and man up!
How about qualified means you’re a contributing member of society. Paying or having paid taxes throughout life.
The current system is like you having a checking account and have a stadium of people with debit cards and tell you how to spend your money you moron!
Current system is simple!
We vote for corrupt politicians that sit in protected buildings that decide how to spend money that is GUARANTEED ONLY BY THE BACKS OF AMERICAN TAX PAYERS!
So WHY SHOULD ANYONE THAT IS “NOT ON THE HOOK” have the ability to ELECT PUBLIC OFFICIALS???
You can’t answer this any other way, your one of these posters who likely view the world as unfair because you can’t make anything of yourself and blame it on race.
Can’t stand people like you that point to the “white man” having the only rights. Grow a pair and man up!
Posted on 2/5/24 at 11:05 am to Bard
quote:
There may be a few who want a collapse, but I think the majority are just fricking dumb and/or selfish.
The people who want a collapse are using their bought and paid for dumb and selfish elected swamp rats.
Posted on 2/5/24 at 11:08 am to Northwestern tiger
The Democrats want to kill capitalism…who knew?
Posted on 2/5/24 at 11:12 am to POTUS2024
quote:
They want a collapse.
The collapse they are hoping for isn't going to turn out like they think it will. If it does happen I hope all of these corrupt, evil politicians and judges are hunted down like dogs and forced to pay for the suffering, violence, and death of so many people that will result from a collapse.
Posted on 2/5/24 at 11:15 am to Northwestern tiger
Posted on 2/5/24 at 11:19 am to Wally Sparks
quote:
We have to implement voter qualifications.
quote:
Let me guess, white men that own property?
I'd settle for property owners regardless of race.
Posted on 2/5/24 at 11:23 am to POTUS2024
quote:
They want a collapse.
no doubt- nuclear war would be better though.
Posted on 2/5/24 at 11:52 am to Bard
quote:
Bard
You've probably posted it before but I've not seen it - I'm interested in your opinion on Bitcoin as an off-ramp from the dollar to some meaningful degree.
Posted on 2/5/24 at 12:02 pm to Chingon Ag
quote:
National debt grew by just over $1 trillion in a little more than three months. This is going to get really ugly soon.
With the value of the dollar declining and other countries tired of paying the price for America's bad choices, the BRICS countries beginning to trade in other currencies, the ME selling oil to China NOT in dollars, yeah... No looking good.
Without the Petro dollar, we're even more fricked.
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