BoatBanter.com - View Single Post - OT The Usa is at its " debt ceiling "....

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On Tue, 17 May 2011 22:15:03 -0400, wrote:

On Tue, 17 May 2011 15:54:41 -0700, wrote:

On Tue, 17 May 2011 16:16:57 -0400, wrote:

On Tue, 17 May 2011 10:18:50 -0700, wrote:

On Tue, 17 May 2011 02:38:45 -0400, wrote:

On Mon, 16 May 2011 21:42:48 -0700, wrote:

On Mon, 16 May 2011 20:29:23 -0400, wrote:

On Mon, 16 May 2011 15:52:36 -0700 (PDT), "*e#c"
wrote:

According to the News, they can borrow no more money...... Things
are going to get interesting.

I suppose the idea of cutting spending is out of the question (maybe
cancel some unneeded defense contracts or bring the troops home from
some useless deployments) but I imagine they will just print more QE
money.

They are raiding the government pension program as a stop gap.

This is just another can being kicked down the road, more
"entitlements" that will have to be paid back with money we don't
have.

Yeah, God forbid rich people and corporation should have to pay their
fair share. God forbid the military should have to live with the same
money they're getting now for the next few years.

Get those middle-class people. They deserve to go bankrupt.

Did you actually read what I wrote?

You talked about entitlements. Which ones? Sounds like you want to end
SS and/or Medicare.

Inflation is going to take care of that.
At the rate it is going, your SS will not cover your Medicare Part B.
The SS recipients are actually getting a pay cut this year.
SS is getting a 0.7% COLA and their Part B will be eating all of that
plus some.

Sure. Well, do let us know when that happens.

You may not have to wait long.

Yeah, you keep saying that. Seems similar to the billboards in the
area saying that May 21st is Judgment Day. Uh huh.