The issue of borrowing more money for the national debt is a bit miss leading. There's really no choice as the money they wish to borrow was spent years ago. The credit card limit is maxed out and the bill comes due at the end of the month. America will either go deeper in debt or default on the unsecured debt.
In a nut shell, if we increase the debt hole it's a bad thing. If we don't increase the debt hole and tap out it's a bad thing. It's a bad thing to run out of money and credit at the same time. Some call it Bankruptcy! Government, Banking and Auto Manufacturing were mysteriously deemed exempt from bankruptcy when Bush 43 came out of his fascist closet and declared 2big2fail to the world. A relief no doubt to his Oligopoly Cronies at Goldman Sachs. AIG became the bagman of 2big2fail theft
In a nut shell, if we increase the debt hole it's a bad thing. If we don't increase the debt hole and tap out it's a bad thing. It's a bad thing to run out of money and credit at the same time. Some call it Bankruptcy! Government, Banking and Auto Manufacturing were mysteriously deemed exempt from bankruptcy when Bush 43 came out of his fascist closet and declared 2big2fail to the world. A relief no doubt to his Oligopoly Cronies at Goldman Sachs. AIG became the bagman of 2big2fail theft
Most of us are familiar with borrowing to buy concept. We on the other hand are borrowing to borrow more concept. Kiting Peter with Paul's money. Paul in this case is China. The proposed recipients of all this money are the mom and pops of America who need this money to survive. Nothing could be further from the truth. The nickel and dimes that fall between the cracks of America's Entitlement Baskets is nothing when compared to the money carpetbaggers and scoundrels feeding handsomely from the profits extorted from the administration of the misfortunes of innocent Americans.
The bulk of the money is captured by Banks, Insurance Carriers, Drug Makers and Media that carries the advertising for elections and extortion on prime time TV dollars. Banks collect from unemployment and food stamps, Insurance Carriers establish their own business models that require alla carte coverage that cover only a single loss which is medical coverages. They employ a battery of defensive workers who are hired to deny claims and force customers to ridiculous paperwork required by the fine print policies designed to allow loopholes for non payments.
The bulk of the money is captured by Banks, Insurance Carriers, Drug Makers and Media that carries the advertising for elections and extortion on prime time TV dollars. Banks collect from unemployment and food stamps, Insurance Carriers establish their own business models that require alla carte coverage that cover only a single loss which is medical coverages. They employ a battery of defensive workers who are hired to deny claims and force customers to ridiculous paperwork required by the fine print policies designed to allow loopholes for non payments.
Mom gets a free electric trike worth $200.00 and we get the bill for $3000.00 dollars. Some body's gettin stinkin rich. Who wants to tell mom she can't have her prime time scooter. It ain't the guy sellin scooters and it sure isn't the media TV who get the advertising cash and it's not the 2big2fail banks that collect a fee from every cash transfer in America.
Mom can have her medicines as long as Big Pharma gets to jack up the unchecked price and Insurance gets excessive premium extortion unfettered by the citizens cost approval and enabled in Congress.
Mom can have her medicines as long as Big Pharma gets to jack up the unchecked price and Insurance gets excessive premium extortion unfettered by the citizens cost approval and enabled in Congress.
The people who should decide whether to raise the debt aren't available because they haven't been born.
If America defaults some Americans will risk getting their nickels and dime rewards. Our currency may become worthless. Ironic the very paper that the bureaucrats coveted the most will be useless in default. Money made of paper is lost on paper. The first rule of Confetti Economics.
Wallmart will be cut off from buying $5.00 shirts from Chinese Sweat Shops as the global free markets fade and the Global Banking System also defaults. The American Banking 2big2fail banksters will loose in the Wall Street Casino they owned. Americans will be forced to buy American made products and American factories will pop up from domestic demands for goods.
Without imported oil Americans will be forced to produce and install Solar and Wind renewable energy system to survive. The absents of imported oil will create jobs in America.
If America Defaults on the debt only the rich will suffer. The middle class was gone years ago.
Wallmart will be cut off from buying $5.00 shirts from Chinese Sweat Shops as the global free markets fade and the Global Banking System also defaults. The American Banking 2big2fail banksters will loose in the Wall Street Casino they owned. Americans will be forced to buy American made products and American factories will pop up from domestic demands for goods.
Without imported oil Americans will be forced to produce and install Solar and Wind renewable energy system to survive. The absents of imported oil will create jobs in America.
If America Defaults on the debt only the rich will suffer. The middle class was gone years ago.
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