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Post by blustnmtn on May 14, 2023 12:17:23 GMT
Conservatives need to find a way to get Biden on the hook for cost control.
I'd like to get a chance to ask Biden this question. What is your plan for avoiding bankruptcy?
Think of his possible answer(s). If he doesn't mention control of costs his answer will be open to question because we are on a path to bankruptcy.
Raising the debt limit won't stop our acceleration toward bankruptcy. In fact, it takes out a barrier.
Go back to the top and reread.
In general, I totally agree. However, I believe the failure of the American political system today can be attributed to the total corruption of MSM. We are in an unbelievable situation and yet MSM perpetuates the status quo by ignoring their calling. They willfully ignore clear malfeasance in local and federal officials, the weaponization of the justice system, the politicalization of the military and the complete breakdown of border control (just to list a few topics). Add to that the deliberate generational dumbing down of education and it is no wonder why the career political class exists merely to stay in office. The founding of this government was by men of principal. Not perfect but they risked everything to do it. Today we have lazy minds and vanity running the show and sadly, the populace at large accepts it all. |
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Post by duwayne on May 14, 2023 14:49:30 GMT
Conservatives need to find a way to get Biden on the hook for cost control.
I'd like to get a chance to ask Biden this question. What is your plan for avoiding bankruptcy?
Think of his possible answer(s). If he doesn't mention control of costs his answer will be open to question because we are on a path to bankruptcy.
Raising the debt limit won't stop our acceleration toward bankruptcy. In fact, it takes out a barrier.
Go back to the top and reread.
In general, I totally agree. However, I believe the failure of the American political system today can be attributed to the total corruption of MSM. We are in an unbelievable situation and yet MSM perpetuates the status quo by ignoring their calling. They willfully ignore clear malfeasance in local and federal officials, the weaponization of the justice system, the politicalization of the military and the complete breakdown of border control (just to list a few topics). Add to that the deliberate generational dumbing down of education and it is no wonder why the career political class exists merely to stay in office. The founding of this government was by men of principal. Not perfect but they risked everything to do it. Today we have lazy minds and vanity running the show and sadly, the populace at large accepts it all. I agree with the problems you point to. I think of myself as a problem solver. What actions should we take to overcome the problems? |
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Post by glennkoks on May 14, 2023 15:17:21 GMT
In general, I totally agree. However, I believe the failure of the American political system today can be attributed to the total corruption of MSM. We are in an unbelievable situation and yet MSM perpetuates the status quo by ignoring their calling. They willfully ignore clear malfeasance in local and federal officials, the weaponization of the justice system, the politicalization of the military and the complete breakdown of border control (just to list a few topics). Add to that the deliberate generational dumbing down of education and it is no wonder why the career political class exists merely to stay in office. The founding of this government was by men of principal. Not perfect but they risked everything to do it. Today we have lazy minds and vanity running the show and sadly, the populace at large accepts it all. I agree with the problems you point to. I think of myself as a problem solver. What actions should we take to overcome the problems? We have to quit spending. Both parties spend like drunken sailors. While I view the republicans as more business friendly when they are in power our spending does not go down. There in lies the problem. The bills current politicians are racking up won't be paid until they are long gone so very few of our representatives in Washington have an incentive to endure fiscal austerity. They just keep digging the hole and passing it on to future generations. Unfortunately it is going to take The Greatest Generation II in the near future to endure the hardships placed upon it by earlier generations. |
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Post by blustnmtn on May 14, 2023 16:15:29 GMT
In general, I totally agree. However, I believe the failure of the American political system today can be attributed to the total corruption of MSM. We are in an unbelievable situation and yet MSM perpetuates the status quo by ignoring their calling. They willfully ignore clear malfeasance in local and federal officials, the weaponization of the justice system, the politicalization of the military and the complete breakdown of border control (just to list a few topics). Add to that the deliberate generational dumbing down of education and it is no wonder why the career political class exists merely to stay in office. The founding of this government was by men of principal. Not perfect but they risked everything to do it. Today we have lazy minds and vanity running the show and sadly, the populace at large accepts it all. I agree with the problems you point to. I think of myself as a problem solver. What actions should we take to overcome the problems? The unhinged spending is mostly related to buying votes. I support a Constitutional Amendment for congressional term limits. I also think the 17th amendment should be repealed because it completely undermines the framer’s intent for the election of the senate while greatly diminishing the role of state legislatures. Much of what we think of in Washington is unconstitutional. |
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Post by code on May 14, 2023 16:21:51 GMT
Does anyone know if all the spending is part of the current budget, or was stuff added after the passage? Call me stupid, but if it wasn't, then when the budget was passed it was known we would have a default unless the debt limit was raised.
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Post by walnut on May 15, 2023 1:39:41 GMT
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Post by glennkoks on May 15, 2023 1:57:15 GMT
The graph you provided is almost beyond comprehension |
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Post by walnut on May 15, 2023 2:39:02 GMT
The graph you provided is almost beyond comprehension They may have to inflate us out of it. |
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Post by Sigurdur on May 16, 2023 14:30:07 GMT
The default talks are moving. The economic shock from default would be minor compared to the economic shock coming in a few years because of unbridled spending, asinine energy policies etc.
There are no general winners in this game.
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Post by Sigurdur on May 16, 2023 14:31:13 GMT
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Post by Sigurdur on May 17, 2023 12:08:46 GMT
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Post by walnut on May 17, 2023 12:44:31 GMT
Practically cannot default because we can go Argentina and print our way out of it. But these people seem too inept to even get that accomplished.
But, Argentina still defaulted because their debt obligations were priced in dollars. If we default it will be a worldwide calamity.
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Post by justme on May 17, 2023 16:24:24 GMT
In my subjective view, default would be the best option for the long run, followed by the subsequent restructuring. However, given the initial shock of job losses and lack of funding for government programs, the leaders in Washington would be deeply unpopular. Historically, voters blame the presidents party for economic problems.
There is an election next year. Those in power want to stay in power. Biden and the dems will make a last minute deal with major concessions to avoid default. If you think Biden is historically unpopular now, a default would bring his approval rating to record breaking low numbers.
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Post by flearider on May 17, 2023 17:30:54 GMT
In my subjective view, default would be the best option for the long run, followed by the subsequent restructuring. However, given the initial shock of job losses and lack of funding for government programs, the leaders in Washington would be deeply unpopular. Historically, voters blame the presidents party for economic problems. There is an election next year. Those in power want to stay in power. Biden and the dems will make a last minute deal with major concessions to avoid default. If you think Biden is historically unpopular now, a default would bring his approval rating to record breaking low numbers. or hang on till then and give the problem to the next person .. |
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Post by glennkoks on May 17, 2023 20:34:43 GMT
I think they came out and said default is off the table. So it's just a matter of theatrics at this point.
Dow was up pretty big today on this news...
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