The national debt – is there a solution? Nope, at least not one that be could effected any time soon in my opinion, that isn’t the way government operates and it’s spiraled out of control anyway.
In light of that maybe all the tap dancing, threats of the government being shut down, angst, and the rest of it could be lessened by raising the debt ceiling to a quadrillion, thereby giving government a lot of room to play with.
Think about it – if the debt hit a number like 25 or 30 trillion people could take comfort in saying whew, at least it isn’t a quadrillion.
I’m not an expert in economics, though there seems to be a bumper crop of those purporting to be – a claim that usually breaks down along partisan lines.
These experts will tell you to relax, debt actually doesn’t exist in the form of a real physicality, it’s something more ephemeral, numbers being shuffled around, just numbers, not actual money, and therefore enjoys a measure of irrelevance.
If true that’s good news and something every mortgaged home owner, every debt slave should find relief in such assurances – you don’t actually owe anything it’s just a bunch a paper.
If that is the way of it you should raise your personal debt ceiling and when the bills come due raise it again.
Of course to do so you’ll also have to print some phony money, issue some bogus checks, and wear the numbers off your credit card if for no other reason than appearances and to create the illusion of solvency.
That would be illegal though, at least for everyone but the government.
Apparently that’s the formula government and economists believe to be the most effective, or perhaps the most advantageous all things considered – if it’s good enough for them it should be good enough for everyone else don’t you think?
Elderly people dependent on SSI won’t be receiving a cost of living increase this year – the fourth year in a row I believe.
Yet that hasn’t stopped government from giving money to banks or corporations if not in the form of low interest loans then as tax breaks has it?
How about doing the same for Social Security rather than routinely raiding the account?
No, can’t repay or even loan money, then how about the government keeping their hands off of it instead of using it as a slush fund?
SSI, money held in “trust”, makes me think of other “trust funds”, like the land they hold in “trust” for the nations, or so called “public lands”.
I wonder if the government issues an IOU when “borrowing” from SSI – if so have they honored that and repaid anything, or merely adding it to the national debt?
How’s that trickle down economy thing working out for you? How’s that progressive people first thing working out for you?
Hasn’t stopped them from pumping millions into failed programs like arming and training Syrian rebels or billions into foreign adventurism has it?
Hasn’t stopped them from “nation building” everywhere but here, or providing free medical and education to nations that despise the U.S. has it?
No, because if you do provide these things it translates to capitalism as U.S. companies will get all the contracts and all the tax breaks.
Provide them within the continental boundaries of this country and it becomes the great evil of socialist democratic reform that will surely undermine not only the positions corporations, Wall Street, Big Pharma, and the Banking industry hold, but the very empire itself.
Capitalism equals free enterprise? Maybe at some point in this nations history but no more, now it equals National debt, individual debt servitude, slave wages, increasing numbers of those on public assistance, the exportation of manufacturing and jobs, hedge funds, and what amounts to the largest corporatocracy on the face of this planet.
It’s all good though, all we have to do is keep raising the debt ceiling and avoid anything that resembles the common welfare of the nations people.
So let’s get on with it, lets demand the debt ceiling be raised to a quadrillion.
Like every pyramid scheme it all collapses at some point just as it has in the past, when it does it won’t be one percenters left holding the bag it will be you.
There seems to be something of a question whether or not the government has the right to print money as demonstrated in the below link – if the argument is to be that Supreme Court rulings are in fact law, that they become the law of the land. then an equal emphasis should be applied to similar renderings that treaties are also the supreme law of the land.
But then we all know how that goes – legislation can, has, and will be enacted to accomplish any goal government desires.
For the sake of discussion let’s allow that government has the ability to print money, in fact they apparently possess an unfettered ability to print as much as they care to – even so shouldn’t this money be secured by something other than shuffling papers and numbers that are said to not actually exist?
So what are the solutions? I’m not sure any exist short of an economic collapse and the necessity to begin anew.
That’s a dooms day scenario, one that if possible should inspire people to gird their loins as they say and make some effort to prepare for it.
I’m pretty sure economists and self styled economists would beg to differ with much I have said and they might well make valid points – in their midst though would be hedge fund operators, corporate lobbyists, and run of the mill shills and drones.
Hedge funds are entirely unregulated, and they are the bastard child of the repeal of Glass/Steagall – doesn’t matter how you cut it, or what gyrations shameless partisans go through to deny it, that’s the reality.
In light of that anytime you hear a conservative or anyone droning on about the evils of regulations or dragging their feet about enacting them you should be perceptive enough to realize which way the wind is blowing and forget all the partisan bs.
Anytime you hear a politician saying there’s no need to re enact Glass/Steagall ala Hillary Clinton it should be abundantly clear they are owned, as the ranks of the owned populate all parties.
A little commonsense goes a long way, but that’s a word and thought process that sends so called “critical thinkers” and “experts” into paroxysms of denial – they take is as a personal affront.
After all if commonsense has a value they perceive it as having a degrading effect on their egocentric opinions.
Imagine, mere commoners possessing insights into anything – what a threat to self constructed ivory towers.
Like I said, I’m not an “expert” or profess to be, merely expressing my opinion.
In point of fact while I readily acknowledge people can and often do possess an expertise in any given area I don’t much care for the connotation in what has become it’s current and predictable usage.
Here’s a link to give you an idea about a quadrillion.
Now ask yourself whose fooling who when politicians tell you regulations are a bad thing – that they stifle jobs creation, restrict growth, and are bad for the economy? Ask yourself if politicians pander to corporate lobbyists and big bucks how does that serve you?