Yes, but isn't it the Federal Reserve that is holding that IOU? And if we don't pay it, who actually has the problem here? And who actually owes this debt? And why are the lights out in the white house?
If you default on the existing debt the government would not be borrow money again. No more deficits! Huzzah!
Long term liabilities are a different matter. Medicare and Social Security. Can't pay them, and now, you can't borrow money to pay them.
This either goes one of two ways, IMHO, default, or hyperinflation. Default on the debt, means test Social Security, eliminate Medicare and Medicaid, and loose the ability to borrow money. Hyperinflate the dollar, no more debt, seniors haha, and the government can blame...whomever it wishes. Which is the more likely?
Or we̵ could fe̵de̵ralize the unite̵d state̵s curre̵ncy, seize̵ all of William Gates III's holdings, including his farm lands, and watch the world banks collapse̵.
I'm sorry, what we̵re̵ the other two choice̵s again? I swe̵ar, I have a million of the̵se. These̵ choices are like ge̵nders.... It's a spectrum. Exce̵pt there are only two se̵xes. So it's not like the sexes. Though it is kind of sexy don't you think???
There entirety of the assets of the United States and the assets of the individual citizens of the United States wouldn't cover the debt and long term liabilities of the United States Government. Not to mention that attempting to seize those assets would devalue them. No, promises made will not be kept. Secession on the other hand, would be an interesting twist.
28 trillion? I wish. Current debt, and liabilities. You know, the way businesses have to do accounting, we're pushing 200 trillion.
Yes, but isn't it the Federal Reserve that is holding that IOU? And if we don't pay it, who actually has the problem here? And who actually owes this debt? And why are the lights out in the white house?
If you default on the existing debt the government would not be borrow money again. No more deficits! Huzzah!
Long term liabilities are a different matter. Medicare and Social Security. Can't pay them, and now, you can't borrow money to pay them.
This either goes one of two ways, IMHO, default, or hyperinflation. Default on the debt, means test Social Security, eliminate Medicare and Medicaid, and loose the ability to borrow money. Hyperinflate the dollar, no more debt, seniors haha, and the government can blame...whomever it wishes. Which is the more likely?
Always only two choices you say?
Or we̵ could fe̵de̵ralize the unite̵d state̵s curre̵ncy, seize̵ all of William Gates III's holdings, including his farm lands, and watch the world banks collapse̵.
I'm sorry, what we̵re̵ the other two choice̵s again? I swe̵ar, I have a million of the̵se. These̵ choices are like ge̵nders.... It's a spectrum. Exce̵pt there are only two se̵xes. So it's not like the sexes. Though it is kind of sexy don't you think???
There entirety of the assets of the United States and the assets of the individual citizens of the United States wouldn't cover the debt and long term liabilities of the United States Government. Not to mention that attempting to seize those assets would devalue them. No, promises made will not be kept. Secession on the other hand, would be an interesting twist.
Social Security is fucked. Commit as much tax fraud in Minecraft because they steal our money with SS just to give us only half of it back.
A=L+OE
THE LEFT IS A DEATH CULT, AND THEY WANT TAXPAYERS TO SUPPORT IT.
China forces abortions on mothers too, I guess that's another thing they are making us pay for?