Politics
Politics
Out of context: Reply #15115
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- ukit0
"econ wont crash. they can pay int on debt. they jsut wont be able to afford the hookers and dinner afterwards"
Paying interest on the debt is great but what about the rest of the economy? Think about all the programs the government funds and what happens if you instantly cut that by 40%.
Social security checks, unemployment benefits, Medicare, tax refunds not going out. Millions of people who work for the government would be going unpaid through no fault of their own.
If you want to provoke mass chaos and some kind of radical far right transformation of society then it makes sense, otherwise not so much
- do it now or do it later. plus that extreme u paint wont happen. people will still get paid projected spending will need to be cut********
- get cut********
- its simply the gov wont be able to increase its borrowing no its output. it has income from taxes. means less movie dates********
- http://reason.com/ar… read this and see if it makes more sense********
- might as well say fuck it and try a different approach. yes there is doubt, but more of the same is proven to not help********
- we're getting fucked by the fools wanting to keep there job at providing handouts through our kids debt.********
- but then again if every other country is doing it we will get screwed being responsible. global bs is weird********
- Actually the article you linked confirms what I was saying. Without the ability to borrow we can only finance 60% of government spendingukit
- spending. Anyone who thinks that doesn't equal economic crash is living in a fantasy worldukit
- Doesn't matter if you think government should be cut by 40%, the way to do it is not by instantly shutting it downukit
- and the alternative is to live in fantasy were we keep living on credit?we can pay the bills jsut need to curb spending********
- not syaing people wont hurt from it but thats natural sicne we binged so long. a longer binge ='s more hurt********
- a today approach to increase debt only means harder impact on the future gens. thats effed up time to be responsible********
- and hey maybe it will help lower are war funds. wiser spending than corn ethanol subsidies. in the end it looks more promising than the same********
- more promising than the same ol stuff that leads to a larger edge********
- yes we can guess the possible outcomes and decide and differ. but more of the same .. or finally act liek men and deal with it. take the hurt from past ill decisions********
- with it. get the bond markets straight. lose bs ponzi schemes. this crash could be what we need********
- oh and the programs jsut wont stop. they have funds to protect. it wont lead to any chaos********
- lol, they will stop. If you can only fund 60% of course there will be disruptionukit
- Pretty silly to argue otherwiseukit
- u can say it will instanlty stop. no gov insight on funds needed for contingency. artiel stated times shit was delayed and world didnt end********
- world didnt end. i think it will be fine. they cut the movie dates and organic butter to pay main costs********
- this is too long to catch up on. any comments lets hit the main forum.********
- do it now or do it later. plus that extreme u paint wont happen. people will still get paid projected spending will need to be cut