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 Post subject: Federal, state and local debt exceeds size of entire economy
 Post Posted: Tue Feb 22, 2011 12:50 pm 
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Over the system
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Federal, state and local debt exceeds size of entire economy. And, there are pollyannas who actually believe the promises of pollyticians that they're gonna fix it.

Federal, state and local debt hits post-WWII levels
February 20, 2011; 11:33 PM
https://www.washingtonpost.com/wp-dyn/c ... 03201.html

The daunting tower of national, state and local debt in the United States will reach a level this year unmatched just after World War II and already exceeds the size of the entire economy, according to government estimates.

But any similarity between 1946 and now ends there. The U.S. debt levels tumbled in the years after World War II, but today they are still climbing and even deep cuts in spending won't completely change that for several years.

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It's not just for breakfast any more.

"Single acts of tyranny may be ascribed to the accidental
opinion of a day; but a series of oppressions, begun at a
distinguished period and pursued unalterably through every
change of ministers, too plainly prove a deliberate, systematic
plan of reducing [a people] to slavery."

~~ Thomas Jefferson

"Power kills, absolute power kills absolutely. The more power a government has, the more it can arbitrarily make war on others and murder foreign and domestic subjects. The more that government is constrained and diffused, the less tendency there is for them to commit genocide."
~~ Art Crino

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 Post subject: Re: Federal, state and local debt exceeds size of entire eco
 Post Posted: Tue Feb 22, 2011 12:58 pm 
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The entropy of our systems is more apparent every day.

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. For government is an expedient, by which men would fain succeed in letting one another alone; and, as has been said, when it is most expedient, the governed are most let alone by it. - Henry David Thoreau

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 Post subject: Re: Federal, state and local debt exceeds size of entire eco
 Post Posted: Thu Feb 24, 2011 2:24 am 
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and austerity measures are coming (are here?)

This is what Greece does when their government decides to tighten its belt

http://www.latimes.com/news/nationworld ... 1949.story


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 Post subject: Re: Federal, state and local debt exceeds size of entire eco
 Post Posted: Thu Feb 24, 2011 7:32 am 
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I agree with Shakespear, Usury should be illegal.

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 Post subject: Re: Federal, state and local debt exceeds size of entire eco
 Post Posted: Thu Feb 24, 2011 2:00 pm 
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Smashing neocons
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Ha!
I'm reading the book The ascent of Money - Niall Ferguson - the history of our monetary system. Great book.

"Usurers had been excommunicated by the Third Lateran Council in 1179. Christian usurers had to make restitution to the Church before they could be buried on hallowed ground. The power of this taboo should not be underestimated though it had certainly weakened by Shakespears time"
"Jews, too, were not supposed to lend at interest. But there was a convenient get out clause in the Old Testament book of Deuteronomy: Unto a stranger thou mayest lend open usury, but unto thy brother thou shalt not lend upon usury".

So, lend to the christians and charge interest!

I think usury is okay, with legal limitations (and I'm not talking govt approved rating agencies!). I think fractional reserve banking is bullshit though!


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 Post subject: Re: Federal, state and local debt exceeds size of entire eco
 Post Posted: Thu Feb 24, 2011 10:56 pm 
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Ry wrote:
I agree with Shakespear, Usury should be illegal.


I agree and would add surety to the list.

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 Post subject: Re: Federal, state and local debt exceeds size of entire eco
 Post Posted: Fri Feb 25, 2011 9:37 am 
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End the occupationS. Yes, all of them.
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How long before USA transforms into a country that has third world class system of extremes:rich vs poor. The Middle Class is dwindling day by day.

But who cares about the Middle Class working people right? Corrupt/irresponsible/filthy rich banks, airlines, automobile companies need to be bailed out first!

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 Post subject: Re: Federal, state and local debt exceeds size of entire eco
 Post Posted: Sat Feb 26, 2011 4:54 pm 
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Over the system
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sorrysorry wrote:
How long before USA transforms into a country that has third world class system of extremes:rich vs poor. The Middle Class is dwindling day by day.

But who cares about the Middle Class working people right? Corrupt/irresponsible/filthy rich banks, airlines, automobile companies need to be bailed out first!

I'm hearing planned total implosion of the dollar by the end of 2012.

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New funny money, SDRs, to the rescue.

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●▬▬▬▬▬▬★ЯΞ√ΩLUT↑☼N★▬▬▬▬▬▬●
▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀

It's not just for breakfast any more.

"Single acts of tyranny may be ascribed to the accidental
opinion of a day; but a series of oppressions, begun at a
distinguished period and pursued unalterably through every
change of ministers, too plainly prove a deliberate, systematic
plan of reducing [a people] to slavery."

~~ Thomas Jefferson

"Power kills, absolute power kills absolutely. The more power a government has, the more it can arbitrarily make war on others and murder foreign and domestic subjects. The more that government is constrained and diffused, the less tendency there is for them to commit genocide."
~~ Art Crino

When they put you in the internment camp, if you're really, really good, they might let you watch Dancing With The Stars.


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