View Poll Results: Will the U.S. default on its debt?

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  • Yes

    5 33.33%
  • No

    6 40.00%
  • Don't Know

    2 13.33%
  • Don't Care

    2 13.33%
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Thread: Will the U.S. default on its debt?

  1. #31
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    celticwar17's Avatar
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by PzKfW IVe View Post
    A US economic/societal/governmental collapse will plunge the world into not just a depression, but an abyss, one that may very well result in a new Dark Age.
    The fastest way to reach -that- destination is for certain people to act like >$2.8T/yr isnt enough revenue and refuse to accept any notion to the contrary.
    I'm sure there will be catastrophic affects... but i doubt the US will die. I feel like it will turn into a situation like Post World War 1 Germany. We have too much influence already and when the public is extra vulnerable i think our government will change into something most people won't like, but just as powerful.

    I could be wrong, due to the amount of Liberal hippies around, they would probably just rather live in the woods... hey, i would too actually lol

  2. #32
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by celticwar17 View Post
    I'm sure there will be catastrophic affects... but i doubt the US will die. I feel like it will turn into a situation like Post World War 1 Germany. We have too much influence already and when the public is extra vulnerable i think our government will change into something most people won't like, but just as powerful.
    I could be wrong, due to the amount of Liberal hippies around, they would probably just rather live in the woods... hey, i would too actually lol
    If the government collapses, the 'liberal hippies' will likely be among the first to go.

  3. #33
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    Re: Will the U.S. default on its debt?

    Will we default? Absolutely all governments collapse eventually and we will be no exception.

    I assume you mean in the short term, possibly. Even if we raise the debt ceiling limit if we continue borrowing anywhere near current levels we will eventually default anyway, its just a matter of time.

    If we do not make significant changes soon inflation will kill us even if we do not default.

  4. #34
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by Chappy View Post
    I oppose significantly increasing presidential power to prioritize government spending. The Constitution says that's Congress' job. It's called a budget.
    actually when it comes to refusing to spend, the tradition of Presidents refusing to spend money allocated in a budget goes back to Jefferson.

  5. #35
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by ElCid View Post
    This is just the beginning of our crash. We were dumb enough to elect Obama, and now we must deal with the consequences. The country will be in ruins, by the end of his second term. IMO, we can thank the tea baggers for this, NOT President Obama. Civil war might even break out. Seriously...............
    Share with us...
    What exactly do you know of the events leading to the "first crash" (The Great Depression). ???
    BTW, I believe the fix for this one was a huge infusion of money into the system , caused by WW 2....
    We can do the same today, after the tea baggers and conservatives are removed by the people..
    But for me to sell the American people on this idea.....helll.....I cannot sell myself on such an animal.

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