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Thread: Debt Crisis is Worse than we Think

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    Debt Crisis is Worse than we Think


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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Flyersfan314 View Post
    It's pathetic that people are only discussing and realizing this *now*

    It's not as if a few years ago we were well off economically - this snowdrift has built ridiculous high over decades and many people who tried to blow the whistle over all this time have been laughed at and ignored.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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    Re: Debt Crisis is Worse than we Think

    The horrible thing is, the worst time to cut spending is during a recession.

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Flyersfan314 View Post
    The horrible thing is, the worst time to cut spending is during a recession.
    The horrible thing is: getting out of a recession requires everyone, pretty much, to fall further into debt - country and mankind alike. This is what we've built for ourselves.

    If you have to interest rate your ass out day and night are you really climbing out of a recession or postponing the inevitable?
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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    Re: Debt Crisis is Worse than we Think

    I agree with that

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Flyersfan314 View Post
    I agree with that
    What happened with so many is that they ran into hard times - and had nothing saved up to get them through it. Or, savings wasn't sufficient enough and ran out - they reverted to credit (if they had any left) and in the end people either didn't have money to spend like usual. Or they looked at where the ywere spending their money and said "nope - can't do this anymore . . .if I had saved instead of spent spent spent then I'd be ok right now"

    Ergo: savings is increasing (slowly) while spending is still lulled off.

    I'm i nthat boat: I'm not about to increase my spending knowing what it would leave us otherwise unprepared for.

    Such is the price for relying heavily on excessive spending for unecessary items.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Aunt Spiker View Post
    It's pathetic that people are only discussing and realizing this *now*

    It's not as if a few years ago we were well off economically - this snowdrift has built ridiculous high over decades and many people who tried to blow the whistle over all this time have been laughed at and ignored.
    Well, I hope you didn't expect them to talk about it when there was a republican in the white house

    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Aunt Spiker View Post
    It's pathetic that people are only discussing and realizing this *now*

    It's not as if a few years ago we were well off economically - this snowdrift has built ridiculous high over decades and many people who tried to blow the whistle over all this time have been laughed at and ignored.
    Three years ago I read Naomi Klein's prophetic book Shock Doctrine. She's a Canadian economist educated at the London School of Economics. I was blown away by the book. Actually I bought and gave away three copies to friends who I knew would read it. To this day we email each other and quote her book. Shock Doctrine was/is a blueprint, a checklist, a manual for virtually everything that is happening today. Klein documents it and connects the dotted lines. Since the book she's been quoted often and has apparently been in demand on the speaker circuit. But on the evening news? In newspapers? No. I don't know why.










    "When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf

    When trouble arises and things look bad, there is always one individual who perceives a solution and is willing to take command. Very often, that person is crazy. ~Dave Barry



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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Aunt Spiker View Post
    The horrible thing is: getting out of a recession requires everyone, pretty much, to fall further into debt - country and mankind alike. This is what we've built for ourselves.

    If you have to interest rate your ass out day and night are you really climbing out of a recession or postponing the inevitable?
    We don't have the money, the power nor the consensus. That is by design, believe it or not. I do hope we can find a way out, but it isn't looking too good. Politics aside, the money and the power are held by a very small number of Americans. They have nothing to lose and much to gain if the nation goes into default. In fact, after a brief period of suckage they have a lot to gain.










    "When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf

    When trouble arises and things look bad, there is always one individual who perceives a solution and is willing to take command. Very often, that person is crazy. ~Dave Barry



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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Risky Thicket View Post
    Three years ago I read Naomi Klein's prophetic book Shock Doctrine. She's a Canadian economist educated at the London School of Economics. I was blown away by the book. Actually I bought and gave away three copies to friends who I knew would read it. To this day we email each other and quote her book. Shock Doctrine was/is a blueprint, a checklist, a manual for virtually everything that is happening today. Klein documents it and connects the dotted lines. Since the book she's been quoted often and has apparently been in demand on the speaker circuit. But on the evening news? In newspapers? No. I don't know why.
    That book explains exeactly what is going on. This crisis is nothing but a show
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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