America's Future Summed Up In One Word

[Mr VJP]

GREECE!

 

We are also so in debt, we are living on borrowed time.

 

Maybe this is why the government is distracting all citizens with idiotic side shows.

 

[JimMac]

I thought your were going to say "HOSED" lol

 

 

[The_Field_Ager]

Greece is enjoying an active bank holiday now.It suggests default and an exit from the Euro-zone. Some financial talking heads are predicting a similar day of financial reckoning here sooner rather than later. Gay weddings will no longer be a pressing concern at that point.

Edited June 29, 2015 by Papist

[Mr VJP]

Ammo may become the most pressing concern at that point!

 

[The_Field_Ager]

Ammo may become the most pressing concern at that point!

 

 

Not to mention food and other basic necessities 

[grampy]

At some point, ammo will be the main currency. So sad to see it coming to that.

[Mr VJP]

The stock market dropped 350 points today.  Not a good sign.

[EspressoBuzz]

America is not Greece, and if you really believe it is leave!

 

http://www.dollarsandsense.org/archives/2012/0112millersciacchitano.html

 

http://www.nytimes.com/2010/05/14/opinion/14krugman.html?_r=0

 

Not all debt is created equal. Countries that borrow in a currency they control play under a different set of rules. They can never run out of money to pay back what they owe, since they can always print what they need as a last resort. That's not to say they actually do or should turn to the printing-press to finance themselves. But the option to do so calms markets. After all, inflation is a lot less bad than default for creditors. That's why it's no so easy for countries that don't borrow in a currency they control. They can default. And this is a case where thinking can make things so. Indeed, as Paul De Grauwe points out, countries that don't have their own central bank, like euro members, can fall victim to self-fulfilling panics that push them into bankruptcy. In other words, markets force up interest rates because they fear default -- which then pushes them into default. It's a bank-run on a country. - http://www.theatlantic.com/business/archive/2013/03/no-the-united-states-will-never-ever-turn-into-greece/273748/

 

I know you won't believe it no matter how many articles I post refuting it, it's your narrative. In fact I suspect you who believe we will become Greece secretly hope it will happen just to say you were right. But you're not. I could write 15000 words (with pie charts) explaining why, but facts are irrelevant to you unless they fit your narrative.

America has serious problem that need new ideas and compassionate solutions. You all say what is wrong with America but you aren't helping.

Edited June 30, 2015 by EspressoBuzz

[The_Field_Ager]

America is not Greece, and if you really believe it is leave!

 

 

 

 

Why do lefties always think that leaving a problem is the best solution to fixing a problem?  Sounds kinda dumb and impracticable to me.

[The_Field_Ager]

Not Much Difference Between U.S. and Greece

 

[Meat First]

Not saying we should not pay off our debt, or at least stop adding to it but we owe more than half the debt to ourselves and the foreign countries owed have no reason to call it in and sell their t-bills or whatever(not a finance guru) for that matter no one would benefit if America falls, not even China for who else would buy all their goods??

[The_Field_Ager]

Not saying we should not pay off our debt, or at least stop adding to it but we owe more than half the debt to ourselves and the foreign countries owed have no reason to call it in and sell their t-bills or whatever(not a finance guru) for that matter no one would benefit if America falls, not even China for who else would buy all their goods??

 

 

China is in real trouble too. She may fall, with or without us buying all her tatty goods.

[EspressoBuzz]

http://www.alternet.org/economy/noam-chomsky-austerity-just-class-war?sc=s&utm_source=facebook&utm_medium=socialflow

[Mr VJP]

What part of the Greek debt crisis is difficult to understand for the American Left? Is the Democratic Party so immersed in faux-ideology and division politics that it is blind to what is going on?

Let's make this simple:
1) the Greek government spent a lot of money it didn't have.
2) the Greek government hiked taxes and implemented a vast entitlement state to pay for all of the government spending.
3) it went bankrupt.

Now replace the word "Greek" with the words "United States" in numbers 1 and 2, and hope we turn it around before we replace it in number 3.

 

Edited July 6, 2015 by Mr VJP

[EspressoBuzz]

Honestly read a book. A text book not a propaganda book. There is so much that is different economically between Greece and the USA I hardly know where to begin. For one, Greece entered into negative population growth, does not control it's own currency, interest on it's loans is astronomical (World Bank and European Bank intentionally does this to countries to keep them in line and poor). This is not to say that their problem are not their own making. But much like the mortgage bankers in the USA who loaned money to people who were barely fiscally stable in good times or outright couldn't afford it, Greece borrowed money (mostly German) to buy goods (mostly German) in good times and could not hold on when the economy turned sour.

 

The USA military budget is so large that if ever there was a real threat to our economy the "austerity" cuts could come from it and never affect our social safety net.

 

It's the word entitlement that makes everyone crazy, well perhaps it's better to have those tanks no general wants or needs and are trying to stop from being made, but that pork barrel politicians want and need to secure donations from the "Industrial Military Machine" Eisenhower spoke of, instead of securing the health and well being of our aging population. We should be fighting for a redirection of our money toward education, infrastructure, energy and transportation.

[Mr VJP]

Honestly read a book. A text book not a propaganda book. 

 

LOL!!  Take you own advice.  Everything you just posted is pure liberal leftist propaganda that would absolutely bankrupt America while leaving it completely defenseless against foreign aggression.

 

On second thought, forget what I just said.  It would be a waste of time for you.

[Mr VJP]

Here's how the US and Greece are very similar.  The details are different, but the problem is the same.

 

https://generationopportunity.org/articles/2015/07/14/the-greek-debt-crisis-is-a-look-into-americas-future-without-reform/

[Larry]

MY ONE WORD WOULD BE F*%KED