Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’

[tt11758]

Let me see if I understand this.  Since Mrs. T and I are making about $40,000 a year less than we were 5 years ago, what we need to do to get out of the hole is go out and buy new cars, more guns, a bigger house, and max out our credit cards?

I realize that I'm not a high-level government financial expert (you can tell because I actually PAY my taxes), that doesn't seem quite right to me.

I guess them fellers really ARE smarter than I am.

[tombogan03884]

From JC's Post
"This is probably the sick twisted reason that I would like to see something like this. Darwinism at work. Having to fend for yourself would eliminate the parasites from the mix. We could start over with the people who make this country great. The ones who aren't afraid of the effort it take to succeed."

There are many good people who because of the environment they grew up in have no idea how to do what will be needed, (Hunting, tree felling, farming, wood chopping, etc ) but the ones who are willing to learn, and willing to do as much physical labor as they are capable of will be welcome and probably make out OK.

[JC5123]

From JC's Post
"This is probably the sick twisted reason that I would like to see something like this. Darwinism at work. Having to fend for yourself would eliminate the parasites from the mix. We could start over with the people who make this country great. The ones who aren't afraid of the effort it take to succeed."

There are many good people who because of the environment they grew up in have no idea how to do what will be needed, (Hunting, tree felling, farming, wood chopping, etc ) but the ones who are willing to learn, and willing to do as much physical labor as they are capable of will be welcome and probably make out OK.

[/color]

Exactly, but those who are WILLING. There are so many poor saps that have no idea what it takes to survive without the government doing everything for them. Unfortunately for them , these are the same idiots that think that the government is going to be able to take care of them if something happens. You would think they would learn the lessons of Katrina about the ineptness of the feds. But you can bet they won't. As you have pointed out many times Tom, they are too busy with American Idol. The poor saps will most likely perish in the event that TSHTF. Sad thing is their suffering and ultimate fate can be laid directly at the feet of those currently in power. Precisely because of things like what Biden is saying. These people don't think for themselves. They have been indoctrinated to do what the government tells them. So they probably will go buy that new TV. Even if they can't afford to feed themselves this month...

[tombogan03884]

 Rabbit have "rabbit fever" when the population gets to dense, Lemmings do their thing off the cliffs. This will be how nature flushes the human gene pool.

[tt11758]

Thursday, July 16, 2009
By Penny Starr, Senior Staff Writer


Vice President Joe Biden (Photo by Penny Starr/CNSNews.com)
(CNSNews.com) – Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money.
 
“And folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said at the event on Thursday in Alexandria, Va. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially.”
 
“We’re going to go bankrupt as a nation,” Biden said.
 
“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.” (Listen to Audio)
 
The event, sponsored by the AARP – which supports the Obama administration’s plan – was attended by mostly AARP members who were bussed in for the meeting.


Biden took time from answering questions to chat with a member of the audience, who were mostly members of the AARP. (Photo by Penny Starr/CNSNews.com.)
Biden told the group that the Obama health plan will not eliminate people’s ability to choose their health care insurance and that people who cannot afford insurance will be covered by the plan.
 
“They’ll be a deal in there so there’s competition, so what you’ll have in there is you’ll have the ability to go in there and say, ‘Now look, this is the policy I want. This is the one,” Biden said.
 
“And those people who can’t afford to get in there, up to a certain income, we’re going to subsidize them, you get in there and we’ll help you pay for it,” Biden said.
 
After opening remarks by Biden and AARP CEO A. Barry Rand, the audience asked questions, which were fielded by Biden, Health and Human Services Secretary Kathleen Sebelius and Nancy Ann DeParle, director of the White House Office of Health Reform.

http://www.cnsnews.com/public/content/article.aspx?RsrcID=51162

Words fail me.....

Just file Joe Biden's remarks under:



Things That Make You Say WTF?!?

[Sponsor]

[Kid Shelleen]

Just file Joe Biden's remarks under:



Things That Make You Say WTF?!?

The true tragedy is that when Joe Biden says, "We have to go spend money to keep from going bankrupt," it makes perferct sense to Joe and his Kool-Aid clan.

[tombogan03884]

The true tradegy is that when Joe Biden says, "We have to go spend money to keep from going bankrupt," it makes perferct sense to Joe and his Kool-Aid clan.

Actually in our debt based economy it does make some sense.
The fed creates money based on that money being loaned out and repaid with interest. The problem with that is eventually people can't afford any more payments and not only does the Fed lose it's theoretical money, they lose the interest as well.
Eventually (now ) the debt burden causes inflation that makes more money worth less and the whole system collapses.

[tt11758]

Actually in our debt based economy it does make some sense.
The fed creates money based on that money being loaned out and repaid with interest. The problem with that is eventually people can't afford any more payments and not only does the Fed lose it's theoretical money, they lose the interest as well.
Eventually (now ) the debt burden causes inflation that makes more money worth less and the whole system collapses.

The next logical step then would be TSHTF?

[tombogan03884]

The next logical step then would be TSHTF?

Yes, Complete financial melt down of the economy of the entire civilized, and most of the uncivilized world.
Think North Korea's economy on a global scale.

[Kid Shelleen]

The next logical step then would be TSHTF?

Just a matter of time. From Tom: Eventually (now ) the debt burden causes inflation that makes more money worth less and the whole system collapses.
First we'll have rampant inflatation, then an economic colapse, then TSHTF.