IT"S ALL OUR MONEY, EINSTEIN!!!!!!!
+1,000 !
This is the thinking that has been totally lost. The government has nothing on it's own because
IT PRODUCES NOTHING. All it does is consume
OUR MONEY and grow larger in the process. This requires yet even more money to sustain. This constant expansion will come to a grinding halt on it's own because there isn't enough money to sustain it. This is why all of this will be self correcting. Most of the money they allocated in the raising of the debt ceiling just a few days ago is already gone. This process will again repeat itself as it has over and over.
This is where the thought process of today's young liberals who banter, "We've raised the debt ceiling under every President", will come to a crashing halt, just like the housing debacle. It crashed because there was no actual wealth in the system to support it. It was all borrowed and spent paper. Our current government will do much the same. Call it a "forced savings". Just like the banks who thought the housing boom would never end, today's current crop of liberal politicians along with the idiots who put them there, think the well will never run dry. Both were, and are wrong. The question is not, "Where do we get more money?" But rather, "Which departments will we close?" All of the screaming and political bitching won't effect it, anymore than the people who bitched and moaned they couldn't sell their houses for half of what they owed on them. Both are flat out screwed. No money means no money. It's a universal language that everyone understands......except out government. They soon will. Bill T.