Crumbling Under Debt

RECENT COMMENTS  (internet archive)

Maybe the US will default someday and collapse like the Soviet Union. No one saw that one coming.

bacchus @ 04/11/06 10:36:22

“History buffs will recall that hyperinflation was the situation in post-World War I Germany that created the social conditions exploited by Hitler in his ascent to power”.

Another Bush moment that makes me go “hmmmm”?

gigzter @ 04/11/06 12:07:47

“Crumbling” apparently does not immediately mean our currency.  Foreigners hold way
too much of it to allow it to crash.  What they’ll do with their excess dollar holdings is buy up U.S. assets, such as Fanny Mae (our homes), tech companies, buildings, etc – Then they’ll allow the currency to crash.

Chickenma1 @ 04/11/06 18:44:41

” Maybe the US will default someday and collapse like the Soviet Union. No one saw that one coming.”

And then what will happen, the United States will join Europe? We will all go to the hills and live in caves.

Oh to be trapped in the mind of a far left crackerjack!

IsraelForever2 @ 04/11/06 19:41:22
“Crumbling” apparently does not immediately mean our currency.  Foreigners hold way too much of it to allow it to crash. What they’ll do with their excess dollar holdings is buy up U.S. assets, such as Fanny Mae (our homes), tech companies, buildings, etc – Then they’ll allow the currency to crash.

You mean our creditors will meet around a table and plan what to do next?

Hey Chicken, if they buy up Fanny Mae, our tech companies and buildings then they will need our economy to prosper to recoup their investment.

IsraelForever2 @ 04/11/06 19:44:55

IsraelForever2, when we go they all go, if it’s simply a matter of economic collapse.

It won’t be.

Peace,

GWHunta @ 04/11/06 20:16:58
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5 Responses to Crumbling Under Debt

  1. GWHunta says:

    Obama to Veto Any Attempt to Roll Back Automatic Cuts After Committee’s Inability to Reach Debt Deal

  2. GWHunta says:

    Washington Report – September 10, 2012

    Late this week, the White House is expected to submit to Congress its report detailing how sequestration – the $109 billion in automatic fiscal 2013 spending cuts scheduled to be implemented next year under the Budget Control Act (BCA) – would be implemented by federal agencies.

    The report, required under the Sequestration Transparency Act of 2012
    (HR 5872), was according to statute due last Friday, 30 days after President Obama signed the law on August 7.

    However, the White House stated in a press briefing last Friday that it would need additional time “to address the complex issues involved in preparing the report.”

    While some are hoping that the report details will provide necessary ammunition for efforts to prevent the spending cuts, few insiders expect that an agreement to avert sequestration will be reached prior to the election this November.

    SnP

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