Is Total Economic Collapse Possible
Big Cat

Pikeville, KY

#71 Oct 2, 2013
Fox News Is A Joke wrote:
<quoted text>It is 45 Million you uneducated pos.
Good, so you can count. How many years now have you been a govt. dependent?
Debt Ceiling Fight

Winchester, KY

#72 Oct 2, 2013
This will be the one your momma warned you about, we shut down the government all the time but this puppy is serious. If the Tea Party Republicans play chicken with this one we can go into another great depression!
Old Dude

Tucker, GA

#73 Oct 2, 2013
If Obama wants to be King he can go back to his heritage land of opportunity KENYA and find one of the African tribes to be king of. America has a House,Senate and President for a reason. Obama does not control the purse strings. The House does. He either negotiates or whatever happens is on him If he had all 3 branches instead of 2 he could get what he wanted. Ooops, I forgot. He DID have control over all 3 when first elected. And the arrogant pos STILL couldn't get anything done. What a total failure. He is an embarrassment to America.
Russian Roulette

Winchester, KY

#76 Oct 2, 2013
The health care bill was passed by both houses of congress and signed by the exec. The legal way to repeal it is get enough representatives to vote to repeal it, pass a bill to repeal it.
You do not have to negotiate with people on a lawful bill as it is being implemented. If you ever let the Tea Party or any other Party using extortion methods and threats of shutting the government down to get away with it you set a precedent.
Every president here after and every congress will have to go through their session with a gun to their. Shut it down, don't negotiate, maybe then we can get some laws passed on term limits, lobby reform and Wall Street & Corporate controlled factions hijacking government "campaign finance laws". Take the money away from the nuts before they destroy the country.
Big Cat

Richmond, KY

#77 Oct 2, 2013
Russian Roulette wrote:
The health care bill was passed by both houses of congress and signed by the exec. The legal way to repeal it is get enough representatives to vote to repeal it, pass a bill to repeal it.
You do not have to negotiate with people on a lawful bill as it is being implemented. If you ever let the Tea Party or any other Party using extortion methods and threats of shutting the government down to get away with it you set a precedent.
Every president here after and every congress will have to go through their session with a gun to their. Shut it down, don't negotiate, maybe then we can get some laws passed on term limits, lobby reform and Wall Street & Corporate controlled factions hijacking government "campaign finance laws". Take the money away from the nuts before they destroy the country.
What kind of precedent is being set when a law is enacted, but then the Prez decides who has to abide by it? Obama pushed the Repub's into a corner with the crooked playing field he created. If it takes a shut down of the Govt. to take away the powers of a tyrant, then so be it.
Old Dude

Tucker, GA

#78 Oct 2, 2013
Big Cat wrote:
<quoted text>
What kind of precedent is being set when a law is enacted, but then the Prez decides who has to abide by it? Obama pushed the Repub's into a corner with the crooked playing field he created. If it takes a shut down of the Govt. to take away the powers of a tyrant, then so be it.
The President needs to be sued in federal court for violating the Constitution. He has absolutely NO authority to exempt one group of citizens from any part of the law. You have a President who is granting expyions from a federal law based on their ability to give him campaign contributions.
Terrorist Group

Georgetown, KY

#80 Oct 3, 2013
Old Dude wrote:
<quoted text>The President needs to be sued in federal court for violating the Constitution. He has absolutely NO authority to exempt one group of citizens from any part of the law. You have a President who is granting expyions from a federal law based on their ability to give him campaign contributions.
The Tea Party should be put on the terrorist list, destroying the country over a legally passed bill. Only a small group of one party paralyzing the government and destroying the country. They are doing more damage to the country than Al Qaeda, if they use the same tactics with the debt ceiling on the 17th they will throw the country into another deep recession. I believe they should be banned as a party and tried for treason.
Terrorist Group

Georgetown, KY

#83 Oct 3, 2013
Everybody knows what this is, Mitch McConnell said when Obama got elected that the republicans only job was to make sure Obama did not get elected again. They are still angry over the 2012 election, they want control of the senate and they want their man in for President.
They will destroy the economy so Obama will get blame for it for political gain. They have the sick notion that if the economy collapses under Obama's watch "even though they caused it" Obama and the democrats will get the blame.
They are so desperate over the mid term elections and the 2016 election they will destroy the country to win.
Tea Party "if we can't rule we will burn it down"
dunadd

Greensboro, NC

#85 Oct 3, 2013
They will destroy the economy. What economy? America sure does have an economy! HAHAHAHAHHAH!
Ovomit has had nothing to do with the present nothingness economy. It is all Republican's, not the innocent Ovomit and his socialist party you call Dems, Dems have had nothing to do with this nothingness economy.
Just what the crap has your nothingess prez and its socialist party been doing since January 20, 2009 but tanking the country kit and caboodle including your economy.
You crapists deserve your USSA and I for one will be elated enormously when you trashiest crapist beings get separated from we Constitutional Americanism and we get shed of your crap.
You have the audacity to claim someone don't deserve to be an American. Certainly not the socialist American you are. We have the right and privilege to be called an American Constitutionalist, a citizen of Constitutional America which you and the British East African in your white house are doing your utmost to destroy but you will never destroy our America and the love we have for freedom which you pieces of trash will never, ever take away from us. We ain't Germans and your Heidler will never, ever take our freedom. We are born free. And your trashiness Ovomit nor all the other satanic beings on earth can't take that away from us. GOD gave it to us and we WILL keep it.
Fools Rush In

Georgetown, KY

#87 Oct 3, 2013
dunadd wrote:
They will destroy the economy. What economy? America sure does have an economy! HAHAHAHAHHAH!
Ovomit has had nothing to do with the present nothingness economy. It is all Republican's, not the innocent Ovomit and his socialist party you call Dems, Dems have had nothing to do with this nothingness economy.
Just what the crap has your nothingess prez and its socialist party been doing since January 20, 2009 but tanking the country kit and caboodle including your economy.
You crapists deserve your USSA and I for one will be elated enormously when you trashiest crapist beings get separated from we Constitutional Americanism and we get shed of your crap.
You have the audacity to claim someone don't deserve to be an American. Certainly not the socialist American you are. We have the right and privilege to be called an American Constitutionalist, a citizen of Constitutional America which you and the British East African in your white house are doing your utmost to destroy but you will never destroy our America and the love we have for freedom which you pieces of trash will never, ever take away from us. We ain't Germans and your Heidler will never, ever take our freedom. We are born free. And your trashiness Ovomit nor all the other satanic beings on earth can't take that away from us. GOD gave it to us and we WILL keep it.
Even in the midst of the 08 crash the U.S. economy was stronger than most every other nation. The slow climb out of the 08 recession was caused for the most part by the republican agenda of obstruction, do nothing or work against any kind of legislation that might make Obama look successful. They have fought him tooth and nail for 6 years and their budget battles have downgraded our credit rating and slowed down growth.
They will stay in character and hold Obama and the country hostage over the debt ceiling that was raised 6 times under George Bush to help fight his two wars he put on a credit card. The democrats did not threaten to destroy the credit of the U.S. just because they did not agree with his policies.
You and most of your redneck fool Tea Party friends have no idea what a total economic collapse looks like, the last generation that went through one has been dead for years. Todays economy will look like the good life compared to what we will be in if the U.S. defaults on it's bond and debt obligations.
Redneck bravado and fool talk about something you don't understand or can't comprehend. The world will dump the dollar and they will not buy bonds that float this wet dream economy the Fed has created with free money for Wall Street.
The shut down is nothing compared to what will happen if we still are in this fight on the 17th, the shut down on top of the debt ceiling legislation will put us in grave danger of another depression.
Fools Rush In

Georgetown, KY

#88 Oct 3, 2013
Oh yea! Almost for got, the 08 crash was on Bush's watch, Obama had not even been elected. Him and his Goldman Sachs buddies raided the treasury and destroyed the economy as he was going out the back door. Left us with the largest part of the national debt "the cost of fighting his two wars" and destroyed the economy. His secretary of treasury the ex Goldman Sachs exec and his old company come out like a fat rat. Wall Street was not complaining about socialism when socialism was lining their pockets, you forget the 800,000 billion TARP funds, and the 3.2 Trillion .0003% so called loan the FED gave them. They stole trillions of dollars and wiped out trillions in 401 accounts. Bush destroyed the economy that Obama has been trying to fix for the last years, I am sure he had a different agenda in mind when he run for president. Another agenda aside from trying to fix the economy GW destroyed.
dunadd

Greensboro, NC

#89 Oct 3, 2013
This is what I am saying. I stated it before, will state it now and in the future because it is the truth.
This spiral we are in, the we being America, the United States, this spiral was not caused by GW Bush. Nor was it caused by BH Obama.
Both Bush's and Obama's presidencies are a continuation of what was started in the Roosevelt/Wilson era at the beginning of the 20th century, continued through the various presidencies down to our present day and it is not to be blamed on Republicans nor Democrats solely but jointly.
Now I will name the spiral, socialism. It got its jumpstart at the Jekyll Island, Georgia meeting in the early 20th century, by this group meeting on the island laying the groundwork for the takeover of the USA by the socialists.
This was the reason or motivation behind the Logan County Wars in West Virginia in the 1930s. This is the reason for the union movement in the states through the 20th century, pure, unadulterated, in its purest form, socialism. Two of the most basic and base tenets of socialism is class warfare and unionism.
Again this is not a Bush versus Obama problem. It is much, much larger than Bush versus Obama, Democrat versus Republican problem but a socialism versus American Constitutionalism situation in America today.
I realise a large portion on this site and other topix will keep the Bush versus Obama thing going and I expect that for the simple reason of being tools of the leftists to keep people's sights on the battle versus the entire war. Most are interested in today, not yesterday, other than bringing up the portion of the past which suits their propaganda and certainly not the future but the idea is to keep people focused on today and its battle and not the entire war and certainly not in the direction which they are going into the future. It must needs be to hid the future and where this road leads from the common people.
This is the summation of what is happening and if it is too long for some, I apologise for being longwinded but I must do this to let those who really want to know what is happening, what is happening.
Thanks for bearing with me.
lol

Elkhorn City, KY

#90 Oct 3, 2013
old dude wrote:
<quoted text> See this is the problem....an angry mob. Liberalism got its start and its base in an angry mob;the French Revolution to be exact. Right now we have an administration who was elected by an angry mob. And what have we got? A bunch of people who are now relying on a bunch of liberal elites to throw them some crumbs because they voted for them. Never mind that the administration has done not ONE Goddamned thing to give you dummies a JOB or create jobs for you. You should be screaming bloody murder for them to get you a job so you can improve your life;not bitching about Republicans for taking away your CRUMBS.
the admin hasnt done anything to give us jobs huh?

http://www.forbes.com/sites/adamhartung/2013/...

maybe u should watch or read some real news and u might learn some facts
old dude

Phelps, KY

#91 Oct 3, 2013
Fools Rush In wrote:
<quoted text>
Even in the midst of the 08 crash the U.S. economy was stronger than most every other nation. The slow climb out of the 08 recession was caused for the most part by the republican agenda of obstruction, do nothing or work against any kind of legislation that might make Obama look successful. They have fought him tooth and nail for 6 years and their budget battles have downgraded our credit rating and slowed down growth.
They will stay in character and hold Obama and the country hostage over the debt ceiling that was raised 6 times under George Bush to help fight his two wars he put on a credit card. The democrats did not threaten to destroy the credit of the U.S. just because they did not agree with his policies.
You and most of your redneck fool Tea Party friends have no idea what a total economic collapse looks like, the last generation that went through one has been dead for years. Todays economy will look like the good life compared to what we will be in if the U.S. defaults on it's bond and debt obligations.
Redneck bravado and fool talk about something you don't understand or can't comprehend. The world will dump the dollar and they will not buy bonds that float this wet dream economy the Fed has created with free money for Wall Street.
The shut down is nothing compared to what will happen if we still are in this fight on the 17th, the shut down on top of the debt ceiling legislation will put us in grave danger of another depression.
You fear mongering idiot...there is absolutely NO reason for the U.S. to default. The Treasury has the money to pay and will certainly do so. The tax money is already there. This whole clusterfu#k currently going on is political theatre and gamesmanship. Do I agree with the Republican tactic of not funding Obamacare? It may surprise you to know that I do not. Obamacare will fold on its own and that is the message the Republican party should be pointing out.....how many 27 year old healthy men or women would be stupid enough to pay 200 dollars /month for a health insurance policy with a 4000 dollar deductible when they can wait until they are desperately ill and pay a 95 dollar penalty and STILL then be able to purchase insurance? On the other hand,Obama's my way or the highway approach to governing and his UNCONSTITUTIONAL use of executive order to give exemptions of a law to certain groups deserves my utmost scorn. HE IS NOT KING of AMERICA
old dude

Phelps, KY

#92 Oct 3, 2013
lol wrote:
<quoted text>
the admin hasnt done anything to give us jobs huh?
http://www.forbes.com/sites/adamhartung/2013/...
maybe u should watch or read some real news and u might learn some facts
Part time jobs make up the majority of jobs created by the Obama administration
Big Cat

Pikeville, KY

#93 Oct 3, 2013
Fox News Is A Joke wrote:
<quoted text>As many years as you went to College.
Lmfao
Including grad school? My God....
Big Cat

Pikeville, KY

#94 Oct 3, 2013
old dude wrote:
<quoted text> Part time jobs make up the majority of jobs created by the Obama administration
It's reported that Obama's ratio of job creation is 7 part time for every 1 full time. Pitiful....
dunadd

Greensboro, NC

#95 Oct 3, 2013
Is that 7 part time government jobs for every full time government job?
Old Dude

Tucker, GA

#97 Oct 3, 2013
dunadd wrote:
Is that 7 part time government jobs for every full time government job?
The only jobs he has created have been gov't jobs. Well, that and Tesla cars he gave our tax dollars to and today on tv you can see one of them on fire burning to smithereens.
Clueless

Georgetown, KY

#98 Oct 3, 2013
old dude wrote:
<quoted text> You fear mongering idiot...there is absolutely NO reason for the U.S. to default. The Treasury has the money to pay and will certainly do so. The tax money is already there. This whole clusterfu#k currently going on is political theatre and gamesmanship. Do I agree with the Republican tactic of not funding Obamacare? It may surprise you to know that I do not. Obamacare will fold on its own and that is the message the Republican party should be pointing out.....how many 27 year old healthy men or women would be stupid enough to pay 200 dollars /month for a health insurance policy with a 4000 dollar deductible when they can wait until they are desperately ill and pay a 95 dollar penalty and STILL then be able to purchase insurance? On the other hand,Obama's my way or the highway approach to governing and his UNCONSTITUTIONAL use of executive order to give exemptions of a law to certain groups deserves my utmost scorn. HE IS NOT KING of AMERICA
Idiot, the treasury can only print money after the FED calls them up and tells them to print. Even the bonds the FED buys could be bought direct from the treasury but the FED buys them from Goldman Sachs, would be cheaper to buy direct from the treasure. The New York Federal Reserve District buys the 85 billion a month bonds to float this artificial economy, the New York FED chief was an Goldman Sachs partner. You people don't have a clue! You don't even know how the system works. The treasury at one time kept the check book but the Federal Reserve Calls the shots now. Do the math, the government takes in 2.5 trillion in taxes but spends 3.5-4 Trillion a year, the difference is made up in bond sales. The Treasury sells bonds to pay for all the government programs, except for social security which is off the books and self funded.

How can the treasury pay interest on bonds if the government defaults and everybody quits buying the bonds. Would you go buy bonds after a country has defaulted or a country that is not selling enough bonds to serve the interest on what they have already sold. QE3 will stop in 3 months, the FED can't keep printing Air Money. Who will take up the slack for the 85 billion the FED is pumping into the bond market every month. The bonds are not selling now and that is why the FED is having to buy them.

The treasury is in effect broke after the 2.5 trillion in tax is spent every year, the other 1.5 is made from the treasury selling bonds that the FED is buying the most of right now. At one time pre 1963 you had U.S. Treasury Note printed on the top of your paper money, it is now Federal Reserve Note not Treasury Note. The Treasury can only print what money the FED says they can print and the Treasury can serve the interest on Bonds unless they sell new bonds. If the U.S. does not raise the debt ceiling and goes into default no one will buy the bonds.
Economics 101, look it up Einstein.

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