Debt Crisis?

Discussion in 'General Discussion' started by tecumseh, Jul 30, 2011.

  1. tecumseh

    tecumseh New Member

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    I was wondering if any member will not receive their federal government check come the first of next week?

    I have purposefully added a question after Debt Crisis to see if this produces any alternative response by the members. Having at one time worn the suit of a banker I will say my view on this matter is structured and I suspect a bit different from the regularly repeated 'media' and political sound bites.
     
  2. Iddee

    Iddee New Member

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    Personally, I think the plan has already been approved and both parties are grandstanding.
     

  3. tecumseh

    tecumseh New Member

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    Approved??? I am not so certain.

    Grandstanding??? almost a certainty.
     
  4. Iddee

    Iddee New Member

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    OK. Agreed upon. Won't approve until the last minute. Afraid there might be a leak if approved before.
     
  5. tecumseh

    tecumseh New Member

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    my own personal view here is NO ONE has the information (or has presented in information) necessary to know if we are or are not in some kind of debt crisis. so bottom line for me is... this controversy seems to be conjured up from thin air and really represents no real substance what so ever. it is fertile ground for any and all demigods to get their 15 minutes of fame.
     
  6. Iddee

    Iddee New Member

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  7. sqkcrk

    sqkcrk New Member

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    I think you should set aside one day a week devoid of Debt Crisis thought. Voluntarially of course.

    Otherwise, I agree. Smoke and mirrors. Illusion. Majic. It makes me think that there is something we are being distracted from just beforew the Magicians pull a rabbit out of a hat. We may be in for a big surprise, but, most likely a great disappointment.
     
  8. Crofter

    Crofter New Member

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    http://questioneverything.typepad.com/
    This guy has some thought provoking insights about what real action choices we have. You cant run a long term deficit with Mother Nature; She always balances the books.
     
  9. tecumseh

    tecumseh New Member

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    great link Crofter (why do we not have a smilie for great links?)

    I do think the fellow has got it.
     
  10. sqkcrk

    sqkcrk New Member

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    Maybe since we bailed out Wall Street and Big Banks, they should recipricate. If some private institutions are too big to fail, what about Government?
     
  11. Crofter

    Crofter New Member

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    Globally we may be coming close to a reality check; the present economic model appears dependent on ever continuous growth and parallel debt expansion. Unless cheap fossil fuel extraction is also ever expanding it appears the model defies the law of thermodynamics if projected. A great percentage of the activity since the crunch of 2008-9 has merely been put on the credit card. The so called stimulus spending is demanding repayment but the jobs are not coming back to finance it. As usual the fat cats are demanding that the little ones be the first to do the belt tightening! If bees were as predictable as man they would be easier to manage, lol!
     
  12. brooksbeefarm

    brooksbeefarm New Member

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    I've been hearing that some newly elected reps.have signed a pledge not to raise taxes that some preacher dreamed up. If they are elected by the people, why would they throw there allegiance to one man. :confused: I thought if your elected by the people you owe your allegiance to the people not one mans idea.To me no elected official should be held to one person by a pledge for anything. What's going on here? Nobody can guess what they will have to do in the near future.I'm like the rest of you, i don't like taxes either, and sure don't like the idea of an elected official signing a pledge (for anything) to one person. I'm i missing somrthing here. :confused: Jack
     
  13. tecumseh

    tecumseh New Member

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    I think perhaps Jack you are talking about Grover Norquest (sp?) who I don't believe is a preacher although very definitely falls into the extreme idealogue (sp?) category. And NO I don't personally believe you have missed anything at all. I guess someone should have taught those folks some BASIC HISTORY that such purely held beliefs don't work so well in the world and that in a hard blow a tree that fail to bend breaks. In my eyes anyone who signed such a pledge is extremely foolish and perhaps even a bit naive.

    personally I think the current business model (money coming in and money going out) for the US government is broken. it is really not a matter of enough economic activity (GDP) but enough influential folks have gotten themselves exclusions from tax obligations (the data is fairly clear on this point) so everyone else (generally anyone working for wages who gets a W2 form) gets to take up for these slackers. without a doubt for the political types (our elected officals) it is easier to borrow money than to impose more taxes.
     
  14. brooksbeefarm

    brooksbeefarm New Member

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    The spending and borrowing has been a problem for some time now, but for an elected official to sign a pledge to one person would be the type of person who would follow Jim Jones :confused: This type of narrow minded person should not be an elected official in my mind. Jack
     
  15. Hobie

    Hobie New Member

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    This whole dog-and-pony show is better understood when you understand that the primary, (dare I say "only?) purpose of "government" is self-preservation.
     
  16. brooksbeefarm

    brooksbeefarm New Member

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    Your probably right Hobie, but i hope the ones that signed that pledge, shot there self in the foot. Elected officials should be able to think for there self and not be beholding to no one individual. What does this guy have to make them want(or have to) to sign such a thing. :confused: Jack
     
  17. tecumseh

    tecumseh New Member

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    Jim Jones woa... now that brings back some bad memories. I would say the Jim Jones incident did make me go out and read a bunch of stuff to come to some understanding as to how folks could get to the point of poising their own children. so yes I guess I can seem some similarities.

    you would think at the end of the day a proper elected official would set down and say to themselves 'what should I do that is in the best interest of those that sent me here but even more important than that what is in the best interest of the entire country'. most I suspect are too much focused on what is necessary to get them reelected the next go round... which I guess is somewhat along the lines of what Hobie is suggesting????
     
  18. sqkcrk

    sqkcrk New Member

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    Getting elected is the first concern of any elected Politician. If you think they will think of those who elected them first, why would they? They already put the person in office. It's like when I go to the auto parts store and the clerk answers the phone in the middle of our transaction. I already made the effort to get there, I'm not likely to walk out w/out what I came for. And they know it.
     
  19. brooksbeefarm

    brooksbeefarm New Member

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    sqkcrk,you have a good point, and it has worked over the past years. But now that people are losing there jobs, homes, digging into there retirement funds, and seeing there kids go hungry, they are getting a heads up, and those type of people (i hope) will join the unemployement line. Jack
     
  20. Crofter

    Crofter New Member

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    Every day sees new examples of political corruption and that makes headlines but there are lots of others who are trying to do the best they can. I expect lots of them got bad advice from everyone who was trying to pull their strings for favors. About a week ago a big chunk of cement from an overpass in Montreal fell on an expressway. Others are closed for repairs. Infrastructure all over is crumbling and there simply is not enough money anywhere to repair it all. All over the world there is similar situations. Industry begs off paying taxes because they say it would make them uncompetitive with other countries. Unemployed or underemployed workers can pay no more additional load. We cant put any more on our national credit cards so what do you do. We could riot and destroy the establishment demanding a bigger piece of the pie but if the pie is only a dream it we wont enjoy it much. There may be big restructurings ahead in the way we have to provide our daily bread and necessities. Frozen strawberries air freighted for thousands of miles just may no longer be on the menu!