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Old 12-16-2007, 05:27 PM
roguepatriot roguepatriot is offline
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Default The US is already bankrupt

http://www.youtube.com/watch?v=OS2fI2p9iVs

Iyou haven't seen this 60 minutes interview with the Comptroller General of the United States, you really should.
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Old 12-17-2007, 05:21 AM
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Ixtellor Ixtellor is offline
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Default .

The US government is keeping up with its interest payments. Everyone who receives entitlements is still receiving them.

We aren't really bankrupt yet. It is a distinct possiblity, but we are not yet bankrupt.

All we really have to do is raise retirement age, lower benefits, or just take away automatic above inflation raises to SS.

Ixtellor

P.S. If this was Total War the video game, I would just invade a rich province to generate cash. I was always in severe jeopardy of going bankrupt on that game, but as long as I was consistantly conquering new territory and plundering it, I would stay afloat. Peace was too expensive.
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Old 12-19-2007, 02:45 PM
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Default fiscal irresponsibility

Fiscal irresponsibility is the biggest problem facing this nation, bar none, greater than the threat of terrorist attacks, global warming, energy dependence, or anything else.

Our national debt now stands at over 9 trillion dollars, or $90,000 for each of the hundred million or so taxpayers in this country.

Bush touts his tax cuts and says he is a conservative. The truth is, he is less conservative than his tax and spend predecessor. True, fiscal conservatives have gone the way of the ivory billed woodpecker. Meanwhile, the voters of this great republic are asleep, worried about gay marriage, flag burning, or abortion, none of which really is in the purview of the federal government.

Wake up, fellow Americans! This is a serious problem, even more important than who wins the Superbowl or who is the next contestant on American Idol.
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