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Hall of Famer [21614]
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All-In [34533]
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Tax cuts and net neutrality will kill us firss***
Feb 18, 2019, 10:28 AM
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All-In [26968]
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I scanned those links, looking for some
Feb 18, 2019, 10:29 AM
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specifics about what the actual apocalyptic consequences would be, but didn't really find anything.
Can you explain, in practical terms, what would happen to me if this "breaking point" is reached?
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All-In [48078]
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Re: I scanned those links, looking for some
Feb 18, 2019, 10:31 AM
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Read my mind. I really don't know what happens..
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Hall of Famer [21614]
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All-In [26968]
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Still a little light on the practical application...
Feb 18, 2019, 10:50 AM
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But I did get a couple of them from your links: not getting Social Security/Medicare benefits when it comes time; military being depleted; hyperinflation
Mass unemployment could obviously affect me, but you didn't really provide a connection that says why my company (or other companies) would have to lay off a lot of people.
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Hall of Famer [21614]
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Less scanning more reading and taking initiative.***
Feb 18, 2019, 11:04 AM
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All-In [48078]
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Re: Everything you care about is stupid and unimportant....
Feb 18, 2019, 10:30 AM
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What happens to us when the gov defaults?
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Oculus Spirit [83001]
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What should we do?
Feb 18, 2019, 10:37 AM
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Cap on defense, Medicare/Medicaid for sure. Raise SS age to 70.
What else?
Who was the last politician to rail about this? Paul Ryan?
Joe Scarborough used to every day until the 2016 eclection. That’s the last I heard about it.
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All-In [48078]
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Re: What should we do?
Feb 18, 2019, 10:41 AM
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Joe still talks about it on his show. I heard him recently.
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Hall of Famer [21614]
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Reduce spending on everything.
Feb 18, 2019, 10:53 AM
[ in reply to What should we do? ] |
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Shrink the FBI, Shrink the CIA, Shrink the DOD (bring troops home, close most bases, focus on actual DEFENSE) , Shrink medicare, shrink medicaid, shrink social security. Shrink the federal government. Shrink the welfare state.
Then start walking back taxes as the debt/GDP ratio drops. Keep that power OUT of the Fed's hands. Slowly remove the power/size/scope of federal government and distribute it back to states and local governments who are far more likely to balance their budget.
Either make hard choices now, or much harder choices later. It's already not fair, but we have to get over that.
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All-In [34533]
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ohmy....***
Feb 18, 2019, 10:54 AM
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All-In [48078]
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Re: Reduce spending on everything.
Feb 18, 2019, 11:00 AM
[ in reply to Reduce spending on everything. ] |
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I think you could raise the age of SS, but what other type of shrinking of SS do you think would be needed? I think that would be political suicide.
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Hall of Famer [21614]
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That's why it won't get fixed.***
Feb 18, 2019, 11:03 AM
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Oculus Spirit [80978]
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Nobody will ever get elected by saying they
Feb 18, 2019, 11:08 AM
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will raise taxes and lower benefits.
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Hall of Famer [21614]
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If we only listened to the Founding Fathers....
Feb 18, 2019, 9:22 PM
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"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." Thomas Jefferson
“If Congress can do whatever in their discretion can be done by money, and will promote the general welfare, the government is no longer a limited one possessing enumerated powers, but an indefinite one subject to particular exceptions.” — James Madison, January 21, 1792,
“I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it.” — Benjamin Franklin
“Democracy never lasts long. It soon wastes, exhausts and murders itself. There was never a democracy that did not commit suicide.” — John Adams
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Oculus Spirit [83001]
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What are some examples of what Adams is referring to?***
Feb 18, 2019, 9:25 PM
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null
Message was edited by: josephg®
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Hall of Famer [21614]
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Greece (Athens), France (French Rev) and some state govts
Feb 18, 2019, 9:29 PM
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in the US (Shays Rebellion, Whiskey Rebellion etc which lead to Constitution instead of articles of confederation).
The quote was from 1814. Remember that Democracy is usually used as a reference to an attribute of governments most of the time, not the form of govt itself. The Founding fathers believed democracy to be bad for the republic.
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Legend [15730]
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I fear this is correct. Ironically the “We must act now” boogeyman when it comes to the weather
Feb 18, 2019, 1:18 PM
[ in reply to Reduce spending on everything. ] |
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seems infinitely more real to me with regard to our national debt.
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All-In [47795]
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sell out Taiwan to China
Feb 18, 2019, 11:11 AM
[ in reply to What should we do? ] |
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tell China, for X-Trillion, we will fully cut off Taiwan and won't step in the way with whatever they want to do to it. Same with South China Sea.
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All-In [42021]
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Re: What should we do?
Feb 18, 2019, 11:39 AM
[ in reply to What should we do? ] |
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Defense is the first start. That budget is severely bloated.
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Oculus Spirit [97664]
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SS age to 75, cut Medicaid/care in half.
Feb 18, 2019, 5:55 PM
[ in reply to What should we do? ] |
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Cut defense by 25%. Cut a bunch of other crap. Increase capital gains taxes. End corporate loopholes. Be as diligent keeping money in as foreign labor out.
Most importantly, make people understand they are responsible for their own prosperity and nothing is free.
Teach finances in high school. Most Americans don't know enough to be scared shitless.
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Oculus Spirit [80978]
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heh..I'll never live to see SS at that age.***
Feb 18, 2019, 6:10 PM
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Oculus Spirit [80978]
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The first thing the government will have to react with is
Feb 18, 2019, 10:54 AM
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Austerity measures with regards to spending. That will buy us some time with world wide creditors and a chance to actually dig us out of the some of the hole we are in. If they actually worked, or at least stemmed the tide a bit, I think we would be OK as long as they were continued.
The problem is what spending austerity would include--cutting off all unnecessary programs, funding and assistance for other countries, and massive military spending cuts. That would necessarily cause a lot of unemployment and our economy would take a dump--which in the short term at least, make the spending cuts seem worse and that they aren't working.
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CU Guru [1878]
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The entire economy runs on debt. No crisis here***
Feb 18, 2019, 10:54 AM
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Oculus Spirit [80978]
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lolutz***
Feb 18, 2019, 11:07 AM
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Hall of Famer [21614]
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All-In [34533]
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Can I keep my beach house?***
Feb 18, 2019, 10:56 AM
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All-In [48078]
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Re: Can I keep my beach house?***
Feb 18, 2019, 11:01 AM
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Absolutely not. Sorry
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All-In [47795]
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"Reagan proved deficits don't matter"
Feb 18, 2019, 11:12 AM
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--Uncle D!ck
$1 to Geech
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All-In [34533]
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Deficits dont matter. -phiggy***
Feb 18, 2019, 12:19 PM
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All-In [48078]
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Re: Everything you care about is stupid and unimportant....
Feb 18, 2019, 11:27 AM
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So what happens to us as individuals in that doomsday scenario?
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Heisman Winner [111392]
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Re: Everything you care about is stupid and unimportant....
Feb 18, 2019, 12:04 PM
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We will have been taken out by our own free market system that we championed as the savior of the human race. Bask in it conservatives that some how relying on an economy that requires infinite growth on a planet with finite resources would be destined to fail.
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Heisman Winner [119571]
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Has more to do with a gubmint that constantly spends more
Feb 18, 2019, 12:23 PM
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Than it takes it......undisciplined legislators up there to enrich themselves
Nothing wrong with free market system ....
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Heisman Winner [111392]
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Re: Has more to do with a gubmint that constantly spends more
Feb 18, 2019, 12:28 PM
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these seem like the same people who have million dollar boats they drive 2x a year bengaline, it was more a looting of the system than anything, the biggest welfare queens are at the top.
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Heisman Winner [119571]
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I HAD a boat that i used 2 or 3 times a year at the coast***
Feb 18, 2019, 3:50 PM
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110%er [9174]
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One issue voter, LOL
Feb 18, 2019, 12:33 PM
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Most of the country is already. And that is which candidate will give me more for free and I can do less for it.
-PhD
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110%er [9174]
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There is no way you are gonna gets Libs, like on this board,
Feb 18, 2019, 2:21 PM
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to eschew their tribe. YOU being one of 'em.
-Dr. Nikoli Tesla
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Hall of Famer [21614]
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...says one of the most tribal people on this whole board.
Feb 18, 2019, 8:58 PM
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A painful amount of irony.
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All-TigerNet [10853]
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Who is really worried about the budget in 2038
Feb 18, 2019, 2:33 PM
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when climate change kills us all in 2031...
12 years people.
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CU Guru [1405]
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Re: Everything you care about is stupid and unimportant....
Feb 18, 2019, 2:41 PM
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Lol. There is no debt crisis and none of us will live to see one.
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Oculus Spirit [97664]
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Again...I've got my theory on the bipartisan hatred for
Feb 18, 2019, 5:52 PM
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Trump. It's economic. He may initiate (and is to an extent) the spiral. And rest assured, Congress will be QUICK to blame the President, WHOEVER it is. We simply can not afford an economic boom. 5% growth? BAD NEWS. Money in pockets is dangerous. Wages MUST remain flat. The alternative to rising wages is default.
No matter the tax rate, for 80+ years federal revenue has ALWAYS been between 15-20% of GDP. This crap about taxing the top 1% of incomes at 70%, 90%, whatever...will bring in almost zero new revenue.
Only solution is term limits and a balanced budget amendment. And the only way there is Article V. Aside from that, we will fail.
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CU Guru [1405]
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Re: Everything you care about is stupid and unimportant....
Feb 18, 2019, 6:09 PM
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Can anyone explain to me how interest rates on bonds are so low in the face of this looming crisis?
Doubtful investors should make rates go up.
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Hall of Famer [21614]
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Look, I realize you love Trump for the awesome economy, but
Feb 18, 2019, 9:02 PM
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if you take your pro-Trump blinders off, you will see it's not so simple.
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Hall of Famer [24687]
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Marked for later... Thanks.***
Feb 19, 2019, 9:16 AM
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Replies: 44
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