DescentBB

...screwed?

http://demonocracy.info/infographics/us ... _debt.html

Nice find TB. The question that is raised is....who is going to keep loaning us a trillion or more to keep going? What happens when no one will or more to the point, can't. One only need look at Greece to see the outcome of the ludicrous amount of money our govt seems to think they need to borrow. By putting off onto someone elses watch the pain of reining in our govt in order to get re-elected, solves nothing. Funny when Bush was in office then Senator Obama called him unpatriotic for running up the debt. What does that make him now? I'm afraid when, as Obama's ex minister said, the chickens come home to roost they will be landing like a ton of bricks.

Don’t worry…we will just tax the rich, and everything will be ok.

I bet within 10-20 years or some unseen catastrophe, the whole world will be on the same cashless currency. Can I say that? Yep

The world may collapse sooner than you think. Europe will probably be the first. The rest will fall like dominoes, including the U.S. This Greek woman's plight says it all.

http://www.dailymail.co.uk/news/article ... lding.html

simmer down, Greece, and to a great extent, Portugal, Italy and Spain have been pissing away borrowed monies and feeding really, really obscenely inefficient bureaucracies. Further, all failed miserably to collect taxes to pay for their costs(how many times are people going to fail to realize that government deficits are a function of both excess spending and too little taxation?). Thus, those nations might be in deep doo-doo, especially the Greeks. Greece has dismal economic output, yet lives like a nation of wealthy people. It is unsustainable, and always has been. As to the domino thing, don't over-fear it. The banks and other key components have largely factored in the write-downs(BNP has a 70% write-down on Greek debt on their balance sheets), so there will be a downturn,but no reason for a catastrophe. As Americans, the upside will be a redoubled flight to US securities, even though we may lose some business from Europe. We'll come out ok in the end.

There was a fantastic article I saw a couple of years ago, either here or on another forum I visit, that laid out how tax evasion has basically been Greece's national pastime for decades. It was a real eye-opener.

Top Gun wrote:There was a fantastic article I saw a couple of years ago, either here or on another forum I visit, that laid out how tax evasion has basically been Greece's national pastime for decades. It was a real eye-opener.

I've read figures that suggest a collection rate of under 55%, try balancing those books.

Greece has dismal economic output, yet lives like a nation of wealthy people.

They lost an economical war. Greece was a true democracy and the first to nation to utterly fail. Says 2 things. A true democracy makes a wealthy nation of all it's people and not to make deals with the unscrupulous

flip wrote:

Greece has dismal economic output, yet lives like a nation of wealthy people.

They lost an economical war. Greece was a true democracy and the first to nation to utterly fail. Says 2 things. A true democracy makes a wealthy nation of all it's people and not to make deals with the unscrupulous

please, get a book on English grammar....you are killing me here. What was economical about the war, I mean, how did it serve to save money? That final sentence makes no sense upon 4 re-readings. Finally, on a non-grammatical point: how on Earth can you declare Greece the first nation to utterly fail? I can think of at least a half dozen who failed before the nation of Greece was even formed. Further, the Greek democracy refers to certain regions. As a unified nation, Greece had very little in the way of democracy for centuries. Check your history, please.

More penicillin please

attaboy, you're learning!!

Oh yeah, I had your number from jumpstreet, Son. Your a fortunate one, with no real, first hand experience.

flip wrote:Oh yeah, I had your number from jumpstreet, Son. Your a fortunate one, with no real, first hand experience.

experience of what? I've been employed my whole adult life since I got out of graduate school. Methinks it isn't me who is limited in my experience.

You at best have a narrow and focused experience AND education. You may be a wonder in your field, but some of the ★■◆● you post tells of your narrow-mindedness.

flip wrote:You at best have a narrow and focused experience AND education. You may be a wonder in your field, but some of the **** you post tells of your narrow-mindedness.

and, I suppose, you are a model of 'broad based' experience? Yeesh. I'll put my life experiences up against yours anyday. Proof?
I could get a job in any of a dozen various fields. I have worked in research, worked in production, served on the boards of a bank and three cultural institutions. I number among my friends everything from corporate execs, independant businessmen, foresters,
and my best friend on the planet is a Vietnam vet with a small handyman business. I have a real, honest-to-God University degree and a Masters in Biology, so I can pretty much handle critical thinking. I'm pretty sure my experience isn't too narrow.






your turn.

Go right away and kiss your daddy on the cheek. A GREAT deal of that was his accomplishment

flip wrote:Go right away and kiss your daddy on the cheek. A GREAT deal of that was his accomplishment

clueless feck, you are. It is the result of 11 generations, each being thrifty and savvy enough to add more to the pile. The guy that started the whole thing came over as a 13 year old indentured servant in 1664, and 8 years later bought the first 50 acres in Virginia. Talk about hard work...........The past 8 generations could have all been considered wealthy by most. So, while I love my 92 year old Father dearly, he did no more or less than any other generation. Of course, if you had the experience and a clue or two, you would've figured that out on your own.

Lol. Here's the thing Slick. If you are who you say you are or not, you have watched to many Camelot movies. The masses are not illiterate, superstitious rubes any more. Most don't even respect their own parents anymore. They, nor I see no inherited or God given right anymore. Religious dogmas have been removed. We don't give a ★■◆● who you are, we will choose for ourselves Watch.

flip wrote:Lol. Here's the thing Slick. If you are who you say you are or not, you have watched to many Camelot movies. The masses are not illiterate, superstitious rubes any more

movies aside(they bore me), I think the experience of both the dot-com bubble and the housing bubble show them, indeed, to be rubes. And yes, literacy isn't what it once was, among the common man. Most graduates of a one-room schoolhouse in 1880 had a far better grasp of both their language and current events than the average American 30 year old. This is a naton of the easily led nowadays, and that scares the bejeepers out of me.

.

Most don't even respect their own parents anymore. They, nor I see no inherited or God given right anymore. Religious dogmas have been removed. We don't give a **** who you are, we will choose for ourselves Watch.

don't look now, but you're getting your collective asses ground into pulp. And, as you so deftly illustrate, you are too dumb, too arrogant and too uneducated to notice.

Lol, nope. Sleeping Giant. All the rich ever do is engineer their own ruin. Half of them kill themselves for the wealth they've gained. Unstable and eccentric bunch, the lot of em.

with the school system designed to teach kids to be good workers and not how to excel at life (anyone remember classes on how to think critically, balance a budget, how to prioritize tasks, and other skills you need? I don't.. because they don't exist) and superficial worship of 'celebrities' (reality shows, fashion magazines, tabloids), is it really any surprise that the average person is as dumb as a brick and led to terrible ideas like a dog to a treat?

Yeah, it's almost seems like an intentional dumbing down of the population. Or those in charge really have no idea of how to do it. I know this for a fact though. Where I live the schools are doing fine, no teacher layoffs and everyone seems just as smart as the other. Now if your talking about the 18-24 bracket, Slick might have a point but what he is not counting on is that 35-55 bracket. They are in the prime of their life and came of age before things went to ★■◆●. The whole time in school we we're encouraged to and taught how to find answers, then somewhere around the late 80's they decided they had all the answers and all you had to do was remember them. People who think for themselves are alot harder to deal with than someone who has been taught from an early age. Might have to wait awhile

flip wrote:Lol, nope. Sleeping Giant. All the rich ever do is engineer their own ruin. Half of them kill themselves for the wealth they've gained. Unstable and eccentric bunch, the lot of em.

you really have no clue what you are babbling about, do you?

Ferno wrote:with the school system designed to teach kids to be good workers and not how to excel at life (anyone remember classes on how to think critically, balance a budget, how to prioritize tasks, and other skills you need? I don't.. because they don't exist) and superficial worship of 'celebrities' (reality shows, fashion magazines, tabloids), is it really any surprise that the average person is as dumb as a brick and led to terrible ideas like a dog to a treat?

bless you. Someone gets it. And, Flip babbles on about those 35-55. Who do you think is watching American Idol and Survivor?
Who do you think watches(and buys into) Fox News? If Flip is an example of his demographic, my point is proven. Actually, I have MORE hope for the youth of today(under 25) than their immediate elders. They seem, in small groups, to be waking up.

Slick if your the ruling elite I have already lost hope. Lol.

callmeslick wrote:bless you. Someone gets it. And, Flip babbles on about those 35-55. Who do you think is watching American Idol and Survivor?
Who do you think watches(and buys into) Fox News? If Flip is an example of his demographic, my point is proven. Actually, I have MORE hope for the youth of today(under 25) than their immediate elders. They seem, in small groups, to be waking up.

I could answer that, but the answer is so painfully obvious. everywhere you look, it stares you in the face like a bad date.