US Has No Ability to Pay Back Debt

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US Has No Ability to Pay Back Debt

Post by Gawd » Fri Aug 05, 2011 1:41 pm

In a year, there will simply be be $14 trillion dollars of US debt and then you need to borrow even more money to pay back the interest and to finance what ever excesses that Americans expect. It already has to pay close to $300 billion just in interest each year!!! This is in addition to the yearly deficits that are the norm in America. And this debt totally will likely be even higher given the war the US will start with somebody in the next year. The US is finished, it has no way of getting out of the hole it dug.

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Re: US Has No Ability to Pay Back Debt

Post by Gawdzilla Sama » Fri Aug 05, 2011 1:54 pm

Economics, just one more thing you're not good at.
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Re: US Has No Ability to Pay Back Debt

Post by devogue » Fri Aug 05, 2011 1:57 pm

If the worst comes to the worst the US could always invade and occupy Saudi Arabia.

Problem solved.

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Re: US Has No Ability to Pay Back Debt

Post by Gawdzilla Sama » Fri Aug 05, 2011 1:59 pm

devogue wrote:If the worst comes to the worst the US could always invade and occupy Saudi Arabia.

Problem solved.
Hell, the whole Middle East. Toss everybody out and pump our own oil.

Gawd, that should be a very pleasant idea for you, no more Israel. :nazi:
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Re: US Has No Ability to Pay Back Debt

Post by Warren Dew » Fri Aug 05, 2011 2:56 pm

We're losing in Afghanistan; I'm far from convinced of our ability to take on the entire middle east at once.

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Re: US Has No Ability to Pay Back Debt

Post by Rum » Fri Aug 05, 2011 2:58 pm

Warren Dew wrote:We're losing in Afghanistan; I'm far from convinced of our ability to take on the entire middle east at once.
You/we could win in a month if we were truly committed to invading, occupying and colonising. ..Not to mention suppressing!

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Re: US Has No Ability to Pay Back Debt

Post by laklak » Fri Aug 05, 2011 3:32 pm

Warren Dew wrote:We're losing in Afghanistan; I'm far from convinced of our ability to take on the entire middle east at once.
That's because we're too pussy to use nukes. Melt the whole damn peninsula into a sheet of glowing glass. The roustabouts will have to work in rad suits, but that's a small price to pay for energy independence.
Yeah well that's just, like, your opinion, man.

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Re: US Has No Ability to Pay Back Debt

Post by Atheist-Lite » Fri Aug 05, 2011 4:00 pm

People are too eager to do the right thing. The easy answer to America's deficit is to stick it to the Chinese and bring in emergency rule at home as people riot over a depletion of 'slave-labour' built cheap junk from the far east. Then start making things again like America once did. When you own the bank and it's run by evil so&so's you crash the bank and start again. With regards the middle east - their not controlling the price of oil so why not stick it to them as well? :tup:
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Re: US Has No Ability to Pay Back Debt

Post by Seth » Fri Aug 05, 2011 6:22 pm

Gawd wrote:In a year, there will simply be be $14 trillion dollars of US debt and then you need to borrow even more money to pay back the interest and to finance what ever excesses that Americans expect. It already has to pay close to $300 billion just in interest each year!!! This is in addition to the yearly deficits that are the norm in America. And this debt totally will likely be even higher given the war the US will start with somebody in the next year. The US is finished, it has no way of getting out of the hole it dug.
We can just default on all our foreign debt, cut all foreign aid spending, go all isolationist on your asses and watch the rest of the world crumble into ruin because we quit propping it up.

I'm down with that, I know how to grow my own food after all.
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Re: US Has No Ability to Pay Back Debt

Post by Atheist-Lite » Fri Aug 05, 2011 6:25 pm

Seth wrote:
Gawd wrote:In a year, there will simply be be $14 trillion dollars of US debt and then you need to borrow even more money to pay back the interest and to finance what ever excesses that Americans expect. It already has to pay close to $300 billion just in interest each year!!! This is in addition to the yearly deficits that are the norm in America. And this debt totally will likely be even higher given the war the US will start with somebody in the next year. The US is finished, it has no way of getting out of the hole it dug.
We can just default on all our foreign debt, cut all foreign aid spending, go all isolationist on your asses and watch the rest of the world crumble into ruin because we quit propping it up.

I'm down with that, I know how to grow my own food after all.
It ain't the 1930s this time. You ain't the workshop of the world anymore. :smoke:
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Re: US Has No Ability to Pay Back Debt

Post by Seth » Fri Aug 05, 2011 6:43 pm

Crumple wrote:
Seth wrote:
Gawd wrote:In a year, there will simply be be $14 trillion dollars of US debt and then you need to borrow even more money to pay back the interest and to finance what ever excesses that Americans expect. It already has to pay close to $300 billion just in interest each year!!! This is in addition to the yearly deficits that are the norm in America. And this debt totally will likely be even higher given the war the US will start with somebody in the next year. The US is finished, it has no way of getting out of the hole it dug.
We can just default on all our foreign debt, cut all foreign aid spending, go all isolationist on your asses and watch the rest of the world crumble into ruin because we quit propping it up.

I'm down with that, I know how to grow my own food after all.
It ain't the 1930s this time. You ain't the workshop of the world anymore. :smoke:
No, but we're the root of technology of the world, and that's more important than ever. We're also the largest consumer market, so cutting off China would bankrupt them almost immediately. Just look what happened to the world economy when our housing/mortgage market collapsed.

But that's fine with me, muddle your own way through, I don't mind. I just don't fucking want to pay to bail out the rest of the world anymore. Fuck em' all. Let the Somalis starve each other to death. Let Latin America be awash in drug violence. Let the Libyans bomb each other. Let the Afghans labor under Taliban tyranny. Let the Iraqis vest-bomb each other into extinction. Let the Caliphate take over Europe. Fuck 'em all. Long as I have domestically produce cheese and bacon, I'm good to go.
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"All that is required for the triumph of evil is that good men do nothing." Edmund Burke

"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth

© 2013/2014/2015/2016 Seth, all rights reserved. No reuse, republication, duplication, or derivative work is authorized.

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Re: US Has No Ability to Pay Back Debt

Post by Atheist-Lite » Fri Aug 05, 2011 6:52 pm

My other machiine runs LINUX. Don't need crummy windows no more. Just 'cos merica 'vented interweb don't mean it got the copyright on the babbage engine. :hehe:
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Re: US Has No Ability to Pay Back Debt

Post by Thinking Aloud » Fri Aug 05, 2011 6:56 pm

Crumple wrote:My other machiine runs LINUX. Don't need crummy windows no more. Just 'cos merica 'vented interweb don't mean it got the copyright on the babbage engine. :hehe:

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Re: US Has No Ability to Pay Back Debt

Post by Robert_S » Fri Aug 05, 2011 6:57 pm

Crumple wrote:My other machiine runs LINUX. Don't need crummy windows no more. Just 'cos merica 'vented interweb don't mean it got the copyright on the babbage engine. :hehe:
FreeBSD. :smug:

I prefer Linux though.
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Re: US Has No Ability to Pay Back Debt

Post by Seth » Fri Aug 05, 2011 7:13 pm

Robert_S wrote:
Crumple wrote:My other machiine runs LINUX. Don't need crummy windows no more. Just 'cos merica 'vented interweb don't mean it got the copyright on the babbage engine. :hehe:
FreeBSD. :smug:

I prefer Linux though.
Your Babbage engine run on an Intel or Intel-derived chip by any chance?
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"All that is required for the triumph of evil is that good men do nothing." Edmund Burke

"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth

© 2013/2014/2015/2016 Seth, all rights reserved. No reuse, republication, duplication, or derivative work is authorized.

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