"Limit"

[Narcotized]

lim·it (l

m

t)
n.1. The point, edge, or line beyond which something cannot or may not proceed.

This is the definition of "limit." Could the math-challenged President and all the idiots in Congress please stop using the phrase debt "limit" when they NEVER have any intention of imposing a real limit. Read the definition. A limit is NOT: The point, edge, or line at which something may proceed through as a new Limit will aways then be arbitrarily reassigned at a higher level.

Your leadership, Republican and Democrat, is a bunch of jackasses that I truthfully can't figure out how they passed high school math. Fellas, the problem is NOT solved by simply raising the misused word "limit." The problem IS that the limit is constantly raised. The debt is burying us. We truly have a ***** as president and *****s running both parties.

Right now I see nothing but incredibly dumb crap leading both parties. It amazes me how the majority of this country thinks it can live over its head for so long, burying the nation in debt overload, and then have a relatively painless solution. If there were another "New World," I'd strongly consider being a Pilgrim on the Mayflower sailing out of this crumbling facade of an economy.

---

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[doctor712]

I second this. Felt so frustrated after watching today's Obama press conference. Enough already. Figure it out. Scary times. Gotta make those BENJAMINS....

D712

 

[dhb]

Look at what Ron Paul has to say on the subject.

 

[lord_jeebus]

I agree that the current US budget's trajectory is non-sustainable, but I think the only current "crisis" is the one created by those who would threaten to put the US into default for short-term political gain. The fact that the US can currently sell bonds at near-zero interest reflects international confidence in its ability to eventually repay its debt, and with such a low interest rate, the fiscal damage from interest on new debt is insignificant.

What annoys me is that the media goes along with the overcomplication of the nature of the US budget, with an undue focus on budget components that make up a very small proportion of overall spending ("pork"), when the real issue is quite simple.

Social Security, Medicare/Medicaid, military spending, and interest on old debt together make up over 2/3 of federal spending. Current federal revenues are insufficient, current income and inheritance taxes are at historic lows, and 1/3 of US wealth is concentrated in 1% of the population that can afford to contribute more to the government that has facilitated and protected the concentration of that wealth (foreign wars, TARP, infrastructure, etc.) Decrease the former, increase the latter. Problem solved.

 

[Narcotized]

The fact that the US can currently sell bonds at near-zero interest reflects international confidence in its ability to eventually repay its debt, and with such a low interest rate, the fiscal damage from interest on new debt is insignificant.

With all due respect that is completely incorrect. 70-80% of debt issued is bought by the FED with newly printed money. The demand to buy our debt is dwindling and rightfully so. Only a fool would buy it at these artificially low rates. You are either acquiring debt that will be defaulted on or paid back with hyperinflated cheapened currency. Gold is literally screaming at the top of its lungs everything you need to know about US currency.

Secondly, the fiscal damage being insignificant is way off base. The interest rates are low TODAY. The rates would skyrocket as soon as we stop hyperinflating the currency. They would have to skyrocket. There is extremely little demand to buy our worthless debt at these low rates, otherwise you wouldn't have massive money printing to buy the majority of our debt. The real fiscal damage is massive inflation and/or very high interest rates; take your pick.

It is currently in a death spiral. There is no solution short of severe pain. Don't kid yourself.

 

[lord_jeebus]

Treasury bonds have fixed interest rates determined by auction. Only the rates on new debt would suffer the consequences of "skyrocketing" rates.

They are still in demand as the gold-standard "safe" investment, if recent auctions are any indication. If they were not, they would have sold for less, elevating the interest rates.

As my net worth is strongly negative, I wouldn't mind some inflation

But in all seriousness, I agree that this is a problem, but not a crisis that must be solved by early August, as the GOP categorical refusal to raise the debt limit implies.

 

[mersault]

I am always surprised when people refer to the republican/democrat leadership and our presidents as "*****s" or unable to pass "high school math." I think you are letting them off the hook way to easily by having this perspective. In essence, when you refer to them as *****s, that means they are truly ignorant of what they are saying or its implications. However, if you call them thieves or liars, then I would agree.
I think Obama, with a Harvard law education, knows the definition of the word "limit" better than you or I do. They all know exactly what is happening. Simply put, in my opinion, politicians in this country are businessmen looking to make people near them rich, or powerful, or both. None are *****s, none are idiots, and most probably aced high school calculus.
If we're going to be picky on what "limit' means, then we should also be picky on the words we choose. Calling them *****s is misleading, I think.
I think they are liars and thieves, whose hands are tinged with the blood of America's youth and the blood of people all around the world.....just a thought.

lim·it (l

m

t)
n.1. The point, edge, or line beyond which something cannot or may not proceed.

This is the definition of "limit." Could the math-challenged President and all the idiots in Congress please stop using the phrase debt "limit" when they NEVER have any intention of imposing a real limit. Read the definition. A limit is NOT: The point, edge, or line at which something may proceed through as a new Limit will aways then be arbitrarily reassigned at a higher level.

Your leadership, Republican and Democrat, is a bunch of jackasses that I truthfully can't figure out how they passed high school math. Fellas, the problem is NOT solved by simply raising the misused word "limit." The problem IS that the limit is constantly raised. The debt is burying us. We truly have a ***** as president and *****s running both parties.

Right now I see nothing but incredibly dumb crap leading both parties. It amazes me how the majority of this country thinks it can live over its head for so long, burying the nation in debt overload, and then have a relatively painless solution. If there were another "New World," I'd strongly consider being a Pilgrim on the Mayflower sailing out of this crumbling facade of an economy.

 

[NotAMD]

its all just a puppet show - dont get so worked up about it - make a lot of money in a job that has real value and youll be ok regardless of whos talking about what

 

[Narcotized]

Treasury bonds have fixed interest rates determined by auction. Only the rates on new debt would suffer the consequences of "skyrocketing" rates.

Ah, but you forget all of this debt is financed with SHORT term fixed rates. Eventually the day will come when it's time to roll it over again and the rates aren't low.

 

[Narcotized]

I think Obama, with a Harvard law education,..... None are *****s, none are idiots, and most probably aced high school calculus.

Completely disagree. I've talked to enough of these "Harvard type" mathematical *****s that really do believe in their heart that stupidity such as Cash for Clunkers and Krugman "Stimulus" government spending build a stronger economy. And to believe that, Harvard or not, one truly does qualify as a mathematical *****. You smash your assets and increase your wealth? I mean we are talking special-ed level stupid.

I would love to see Obama's test scores and I would be SHOCKED if his math scores were anything out of the above average zone at best. Nothing he says shows any analytical brilliance or even the most basic conceptual understanding.

I don't know why you are impressed by politicians. Many are just celebrities, rich, or well connected. The largest state was run into the ground by a steroid pumping bozo that at his peak had a large following trying to change the laws so he could run for president. In her prime Brittany Spears could have probably won a Congressional seat.

 

[mersault]

If you truly believe in all that then I think you are underestimating your enemy.....and that is very, very dangerous.

Completely disagree. I've talked to enough of these "Harvard type" mathematical *****s that really do believe in their heart that stupidity such as Cash for Clunkers and Krugman "Stimulus" government spending build a stronger economy. And to believe that, Harvard or not, one truly does qualify as a mathematical *****. You smash your assets and increase your wealth? I mean we are talking special-ed level stupid.

I would love to see Obama's test scores and I would be SHOCKED if his math scores were anything out of the above average zone at best. Nothing he says shows any analytical brilliance or even the most basic conceptual understanding.

I don't know why you are impressed by politicians. Many are just celebrities, rich, or well connected. The largest state was run into the ground by a steroid pumping bozo that at his peak had a large following trying to change the laws so he could run for president. In her prime Brittany Spears could have probably won a Congressional seat.

 

[jetproppilot]

Completely disagree. I've talked to enough of these "Harvard type" mathematical *****s that really do believe in their heart that stupidity such as Cash for Clunkers and Krugman "Stimulus" government spending build a stronger economy. And to believe that, Harvard or not, one truly does qualify as a mathematical *****. You smash your assets and increase your wealth? I mean we are talking special-ed level stupid.

I would love to see Obama's test scores and I would be SHOCKED if his math scores were anything out of the above average zone at best. Nothing he says shows any analytical brilliance or even the most basic conceptual understanding.

I don't know why you are impressed by politicians. Many are just celebrities, rich, or well connected. The largest state was run into the ground by a steroid pumping bozo that at his peak had a large following trying to change the laws so he could run for president. In her prime Brittany Spears could have probably won a Congressional seat.

Uhhhhhhhhhhhhhhhhh....

what HE said.

 

[mersault]

I am always surprised at how innocently american's view politics. maybe my views are jaded from growing up in the third world, and you are right, or maybe not.

Uhhhhhhhhhhhhhhhhh....

what HE said.

 

[Narcotized]

Your Honor, to the charge of, Political leaders are *****s, I present you Exhibit A,

"Pelosi: Food stamps, jobless benefits create jobs"

Yes, we are truly talking special-ed level stupid.

 

[jetproppilot]

.

 

[lord_jeebus]

Ah, but you forget all of this debt is financed with SHORT term fixed rates. Eventually the day will come when it's time to roll it over again and the rates aren't low.

Much of it is financed with 30 year treasury bonds...

Japan has managed to maintain near-zero interest rates for almost two decades, and they have a much worse debt-to-gdp ratio than us (as do such nations as Germany, the UK, and France).

As for your characterization of the politicians in charge as "stupid," I don't think that's exactly true. I have a little knowledge of their inner workings from a relative who has personally dealt with leading politicians from both sides, including 3 of the past 4 presidents. They are not stupid, but they are politicians first and policy makers a distant second. They do not wish to be perceived as "smart" as that is not what Americans vote for anymore. However, among politicians, my relative believes that Obama is "not that smart," but a very savvy politician. Yet he seems to either lack the confidence to make substantive changes in policy on his own, or avoids such risk for political reasons. There are very few politicians with a genuine interest in public policy, what is in the national interest, or any sort of principles -- and the more stories I hear about the people who are running the ship (both parties), the more convinced I become that the future of the US is very bleak.

 

[mersault]

it's not patronizing, if anything some would take it as a compliment, but suit yourself, that's besides the point.
you think our current administration is trying to spread the wealth clandestinely. I think they have no intention to spread any wealth, except perhaps among themselves. that is what I call an innocent perspective.

Your patronizing response is noted.

Lemme take the guesswork out for you:

Our nation YEARNS for a government that

REWARDS THE PEOPLE WHO ARE LEGIT WHO HAVE A JOB.

I'm tired of watching our current administration try and spread the wealth clandestinely thru under the radar socialism and increased taxation.

Sorry.

I shouldn't be paying for the delivery of your FOURTH BABY, ma'am, in your

TWENTY SECOND YEAR ON THIS PLANET

VIA MY TAXES,

especially since the

VIDEO CAMERA YOUR BABY DADDY IS SPORTING


is more expensive than mine.

 

[Narcotized]

my relative believes that Obama is "not that smart,"...... the more convinced I become that the future of the US is very bleak.

No argumant from me on either one of those charges. The evidence is overwhelming.

 

[jetproppilot]

Much of it is financed with 30 year treasury bonds...

Japan has managed to maintain near-zero interest rates for almost two decades, and they have a much worse debt-to-gdp ratio than us (as do such nations as Germany, the UK, and France).

As for your characterization of the politicians in charge as "stupid," I don't think that's exactly true. I have a little knowledge of their inner workings from a relative who has personally dealt with leading politicians from both sides, including 3 of the past 4 presidents. They are not stupid, but they are politicians first and policy makers a distant second. They do not wish to be perceived as "smart" as that is not what Americans vote for anymore. However, among politicians, my relative believes that Obama is "not that smart," but a very savvy politician. Yet he seems to either lack the confidence to make substantive changes in policy on his own, or avoids such risk for political reasons. There are very few politicians with a genuine interest in public policy, what is in the national interest, or any sort of principles -- and the more stories I hear about the people who are running the ship (both parties), the more convinced I become that the future of the US is very bleak.

Dude, when the theme of your story is based on

I've Got This Relative Who.....

save the story man.

 

[lord_jeebus]

Dude, when the theme of your story is based on

I've Got This Relative Who.....

save the story man.

You can take it or leave it (I probably wouldn't believe it either), I'm just explaining where I'm coming from.

 

[dhb]

Japan has managed to maintain near-zero interest rates for almost two decades, and they have a much worse debt-to-gdp ratio than us (as do such nations as Germany, the UK, and France).

Most of japan's debt is held by japanese who are savers.
Much of the US debt is held by the chinese and americans are spenders.

 

[foxtrot]

Your patronizing response is noted.

Lemme take the guesswork out for you:

Our nation YEARNS for a government that

REWARDS THE PEOPLE WHO ARE LEGIT WHO HAVE A JOB.

I'm tired of watching our current administration try and spread the wealth clandestinely thru under the radar socialism and increased taxation.

Sorry.

I shouldn't be paying for the delivery of your FOURTH BABY, ma'am, in your

TWENTY SECOND YEAR ON THIS PLANET

VIA MY TAXES,

especially since the

VIDEO CAMERA YOUR BABY DADDY IS SPORTING


is more expensive than mine.

Amen to that. Disability is also the new welfare. Since I do a lot of pain, I typically see the cream of the crop. For example, my last great consult on a patient admitted with acute exacerbation of pain. I am doing my full H&P and when I get to social history, I ask them if they work and they say they are disabled. Because I am jaded and typically a chronically angry person, I ask, so do you receive a disability check every month? The person says "yes, I used to be a truck driver but because I have had 5 back surgeries I am disabled." The best part is that this person drove themselves from FL up the coast to visit family members in a different state and takes boatloads of oxycodone and Xanax and smokes. So we get to pay for their healthcare and their disability. We have become a country where we pay people not to work and now all of those people are used to this and the S&%$ is going to hit the fan when it all goes away.

 

[Narcotized]

We have become a country where we pay people not to work.

But you are forgetting Nancy Pelosi says paying people not to work will create jobs. Yes, the country really is run by *****s and idiots.

 

[pgg]

We have become a country where we pay people not to work and now all of those people are used to this and the S&%$ is going to hit the fan when it all goes away.

It's not going away. They'll get their checks for $X and that won't change ... what will change is those $X won't buy as much when oil is $200/barrel and a Big Mac is $8.

Inflation is going to KILL the people on fixed government incomes. Sad that it'll hurt old people on SS or legit disability, not so sad that it'll hurt the lazy scammers.

Productive people like us will do OK. But the writing's on the wall, and now is the time to prepare. We ain't seen bad yet but it's coming, in 2 years or 10 or maybe even longer, but I am personally doubtful the music can keep playing that long.

As a group we spend a lot of time worrying about the $350K income slipping to $250K but outside of threads like these there's not much talk about how 5-10 years of 5-10% inflation cuts purchasing power more than the gloomiest predicted pay cuts. To say nothing of the small but nonzero chance of an actual US credit default or genuine hyperinflation.

Me, I'm doing my best to make hay while the sun is shining (unfortunately subject to some significant military restrictions on my moonlighting hours ), living way below my means, and taking specific steps to be able to quickly reposition myself and my family (geographically and otherwise) the instant I'm out of the Navy. Because I really believe the USA has a huge standard-of-living recalibration coming, and none of us are going to be immune.

 

[pgg]

But you are forgetting Nancy Pelosi says paying people not to work will create jobs. Yes, the country really is run by *****s and idiots.

I'm with mersault - I think it's really, really dangerous to assume that they're dumb.

Consider that
A) they probably have some information we don't
B) they may be corrupt and not have the best interests of the people or the nation in mind

As a general rule I try not to attribute to malice what can be explained by stupidity. But I'm not quite willing to just dismiss the possibility that they are also (privately) predicting the same financial catastrophe you are, and (publicly) kicking the can down the road to give themselves more time to (privately) position themselves to come out further ahead.

 

[mersault]

I think,
A) they DEFINITELY have A LOT of information we don't. come on, how could it be otherwise? I mean just look at the size of the pentagon, etc. to think otherwise, in my opinion, is naive. wiki leaks and all it contained is an example. you could literally spend months reading those documents (I only spent days).

B) many of them are DEFINITELY corrupt and don't have the best interest of the people in mind. remember Nixon? remember Donald and Saddam shaking hands and smiling? these are just some of the BIGGEST examples I can give, the smaller ones can go on forever. lets take a closer look at history.

I don't want to sound patronizing or condescending, but I think it would do everyone good to spend some time in a third world country if they could. not because you see poverty, etc. up close in stead of in a magazine or bright box, but because you can sit in on conversations in taxis, cafes, street corners. conversations that put politics in the historical context of which ever country you're in. be it Iraq, Nicaragua, Vietnam, etc. Then you can see what all those ppl have to say about America's historical role in their country, and then the trends and patterns appear more obvious.
then we don't underestimate our opponents. because when we think they're "*****s" or "stupid," then we won't challenge them as much as if we thought they were extremely bright, smart people with much information, trying to trick millions of people into believing their catch phrases and generic speeches.

I'm with mersault - I think it's really, really dangerous to assume that they're dumb.

Consider that
A) they probably have some information we don't
B) they may be corrupt and not have the best interests of the people or the nation in mind

As a general rule I try not to attribute to malice what can be explained by stupidity. But I'm not quite willing to just dismiss the possibility that they are also (privately) predicting the same financial catastrophe you are, and (publicly) kicking the can down the road to give themselves more time to (privately) position themselves to come out further ahead.

 

[beavis]

.....

I don't want to sound patronizing or condescending, but I think it would do everyone good to spend some time in a third world country

......

We get med students in this forum with the same spiel every 2-3 months. It is always med students.

 

[Narcotized]

.

 

[cfdavid]

It's not going away. They'll get their checks for $X and that won't change ... what will change is those $X won't buy as much when oil is $200/barrel and a Big Mac is $8.

Inflation is going to KILL the people on fixed government incomes. Sad that it'll hurt old people on SS or legit disability, not so sad that it'll hurt the lazy scammers.

Productive people like us will do OK. But the writing's on the wall, and now is the time to prepare. We ain't seen bad yet but it's coming, in 2 years or 10 or maybe even longer, but I am personally doubtful the music can keep playing that long.

As a group we spend a lot of time worrying about the $350K income slipping to $250K but outside of threads like these there's not much talk about how 5-10 years of 5-10% inflation cuts purchasing power more than the gloomiest predicted pay cuts. To say nothing of the small but nonzero chance of an actual US credit default or genuine hyperinflation.

Me, I'm doing my best to make hay while the sun is shining (unfortunately subject to some significant military restrictions on my moonlighting hours ), living way below my means, and taking specific steps to be able to quickly reposition myself and my family (geographically and otherwise) the instant I'm out of the Navy. Because I really believe the USA has a huge standard-of-living recalibration coming, and none of us are going to be immune.

This pretty much echos my sentiments.......

 

[cfdavid]

I think,
A) they DEFINITELY have A LOT of information we don't. come on, how could it be otherwise? I mean just look at the size of the pentagon, etc. to think otherwise, in my opinion, is naive. wiki leaks and all it contained is an example. you could literally spend months reading those documents (I only spent days).

B) many of them are DEFINITELY corrupt and don't have the best interest of the people in mind. remember Nixon? remember Donald and Saddam shaking hands and smiling? these are just some of the BIGGEST examples I can give, the smaller ones can go on forever. lets take a closer look at history.

I don't want to sound patronizing or condescending, but I think it would do everyone good to spend some time in a third world country if they could. not because you see poverty, etc. up close in stead of in a magazine or bright box, but because you can sit in on conversations in taxis, cafes, street corners. conversations that put politics in the historical context of which ever country you're in. be it Iraq, Nicaragua, Vietnam, etc. Then you can see what all those ppl have to say about America's historical role in their country, and then the trends and patterns appear more obvious.
then we don't underestimate our opponents. because when we think they're "*****s" or "stupid," then we won't challenge them as much as if we thought they were extremely bright, smart people with much information, trying to trick millions of people into believing their catch phrases and generic speeches.

I agree with you on this. The fact that they are not dumb, as a GENERAL rule, is also the reason that I want to see them held accountable for doing unrecoverable amounts of damage to the country.

 

[Narcotized]

.

 

[mersault]

here here....though unfortunately historically I don't think for the most part American politicians and their partners specifically have been held accountable for their damage/theft. The system they have formed is extremely well designed and intelligently crafted.
we can still hope though.

I agree with you on this. The fact that they are not dumb, as a GENERAL rule, is also the reason that I want to see them held accountable for doing unrecoverable amounts of damage to the country.

 

[Apollyon]

"Washington is for people too ugly for Hollywood."

If you just think of that any- and everytime a politician opens their pie-hole, you'll get an idea.

 

[pgg]

That's when those on the Narc 7F Survival Guide sidestep the madness.

Sidestepping it all is pretty optimistic unless you get out in the sticks and live on a farm. But if I wanted to be a subsistence farmer I could've done that 20 years ago.

I'm objective enough to know I'm far more prepared than most, and I still expect a lifestyle hit, eventually. It's going to suck.

 

[BLADEMDA]

its all just a puppet show - dont get so worked up about it - make a lot of money in a job that has real value and youll be ok regardless of whos talking about what

REAL MONEY these days means Gold, Silver or the Swiss Franc. The U.S. Dollar has lost 1/3 of its value over the past ten years and will likely lose another 40-50 percent over the next ten.

 

[pgg]

REAL MONEY these days means Gold, Silver or the Swiss Franc. The U.S. Dollar has lost 1/3 of its value over the past ten years and will likely lose another 40-50 percent over the next ten.

Yes, like I said ...

As a group we spend a lot of time worrying about the $350K income slipping to $250K but outside of threads like these there's not much talk about how 5-10 years of 5-10% inflation cuts purchasing power more than the gloomiest predicted pay cuts. To say nothing of the small but nonzero chance of an actual US credit default or genuine hyperinflation.

Lots of angst about the MGMA data. Not enough angst about the the thief at the other end.

 

[Narcotized]

Sidestepping it all is pretty optimistic unless you get out in the sticks and live on a farm.

That would be the 7th F of the Narc 7F Survival Plan (F*** out of the City, or FARM as you say). Doesn't mean I personally have all the bases covered; it's just the most comprehensive protection plan laid out for what's ahead (yes PGG, it will suck).

I am only mildly to moderately covered at best with a few months of FOOD, a few guns of FIREPOWER, a pool of FLUID, and FIDO, and not nearly enough FUEL and FORTUNE of gold, and too close to the city.

But it's a good thing politicians are smarter than I had given them credit and probably have rock solid disaster plans ready for all of us during an economic meltdown or civil collapse.

 

[Narcotized]

probably aced high school calculus.

Dude, I'd be shocked if Obama aced middle school algebra. Seriously, what on earth makes you say he is highly intelligent OTHER than the fact that his personalized media crams it down your throat that "he's sooooo smart," and "you must be racist to think otherwise."??

 

[Narcotized]

Economics is basically a conceptual analytical field. Those that don't understand it or have an agenda try to turn it into a social political field. You read a nonagenda book like the following, and you either get it, or you don't. Simple as that.

http://www.hacer.org/pdf/Hazlitt00.pdf

It was written decades ago, but when you read it you'll see it's just as spot-on today and how people throughout time have tried to twist the field to support their agenda. If you read it, and get it, you'll already be ahead of 99% of DC (Ron Paul will still have you beat), 99% of who you see on TV (Peter Schiff will still have you beat), and 99% of the crap fed to you in "really smart" college economics courses (been there).

 

[Narcotized]

I think Obama, with a Harvard law education, knows the definition of the word "limit" better than you or I do.

The point being, if we all know what the word limit means, then why use it and sound like a ****** when you have NO intention of imposing a limit??

So when Obama and his useless Harvard education hit the 55 MPH speed limit, does that mean it increases to 65 MPH? And when he hits that does that mean it increases to 75 MPH. And when Obama hits 75 MPH we increase the speed LIMIT to 85 MPH? No it doesn't , because Speed LIMITS are actual LIMITS.

How about he call it a Debt Goal instead? Then when we hit the debt goal of 15 trillion he can set a new goal of 20 trillion and shoot for that. Sounds more Harvard educated than misusing the word limit.

 

[doctor712]

An article this morning stated that house dems, all of then from NY STATE, went to pelosi and said they would change votes and balk at group of 6 plan because NY or NYC would lose millions and millions in funding for teaching hospitals. This is a good thing people...aside from your partisan leanings.
I would, in fact, like to go to residency following medical school. And not need
To write a check to do so. Self serving as it sounds...

 

[cfdavid]

An article this morning stated that house dems, all of then from NY STATE, went to pelosi and said they would change votes and balk at group of 6 plan because NY or NYC would lose millions and millions in funding for teaching hospitals. This is a good thing people...aside from your partisan leanings.
I would, in fact, like to go to residency following medical school. And not need
To write a check to do so. Self serving as it sounds...

I don't think it's as partisan as you think. Narc has been equally critical of past Republican administrations (as have I) in terms of getting us into this mess. Hell, I think our two party system is a total joke.

Now, just as always, it'll be the "little guy" who will be forced to pay. Someone posted an NYT article in which it was mentioned about those funding cuts for underserved/funded teaching hospitals. It's a shame.

This is why many of us feel that things could get ugly as these scenarios become compounded and effect more and more people. It's not hard to envision a revolt the likes of what's going on in Greece IF we continue down this path. I for one, feel that it's just a matter of time because we've already kicked the can far down the road. Things are likely to get a bit desperate. I hate thinking that, but I believe it.

 

[Narcotized]

Narc has been equally critical of past Republican administrations.

Obama is the best thing ever to happen to GWBush. It moves him into second place by a slim margin as the WPOAT (Worst President of all-time).

it's just a matter of time..... Things are likely to get a bit desperate.

You can take that one to the bank. Like they say in New Hampshire, "Live 7F or die."

 

[pgg]

That would be the 7th F of the Narc 7F Survival Plan (F*** out of the City, or FARM as you say).

We can't all be farmers, even if we wanted to.

My brother has chickens in his yard. Those eggs are so tasty I almost want my own chickens, but so far, no livestock at the pgg house. His neighborhood is zoned weird though, everyone has horses, despite it being in the midst of the Phoenix concrete suburban sprawl. One of them keeps an odd assortment of animals. Here's my FIDO meeting his cow, for once he was actually cowed (hah) by an animal bigger than him.

But it's a good thing politicians are smarter than I had given them credit and probably have rock solid disaster plans ready for all of us during an economic meltdown or civil collapse.

I bet they've got their own plans well in hand.

 

[Narcotized]

Much of it is financed with 30 year treasury bonds....

That is false and rather dangerous and negligent that you spread such misinformation on an incredibly important topic.

http://online.wsj.com/article/SB10001424052748703632304575451580887189818.html

One way or another it's gonna hurt. We'll keep inflating the money supply taking down your salary and worth, or we'll sky rocket rates and spiral the debt bill out of control even faster, as much of the debt is basically an adjustable rate mortgage.