Thursday, February 24, 2011

Boehner Says U.S. Default Would Be Finance ‘Disaster’: What happens to the world if and when the U S files for Bankruptcy?

U.S. Speaker of the House John Boehner said that the U.S. default would be a “financial disaster”

America's Impending Master Class Dictatorship Frightening but you can not deny this reality! We are in serious trouble and as I have pointed out for years it was done on purpose and right under our unsuspecting noses! Our real debt including Debt and unfunded liabilities is $120 trillion! Wrap your mind around that!

Those who have followed me over the years know I have often talked about the lie we are living today! I just Googled an example! An Average American Patriot: So many lies today in the lie we are ...

Think about it! What is the world without America? What would happen to the entire world if we were to file for Bankruptcy? China for one would be in anarchy and go under as the country she is today and wants to be tomorrow. I find this all very disturbing because it is laid on Obama's shoulders and being credited with this mess. Unfunded liabilities, ballooning deficit, ballooning debt, it is all Chinese to most of us. One thing I do know is President Clinton ran a surplus inherited by G W Bush. He was even looking at retiring the Debt. Bush changed all that forever!

Bush Cheney Greenspan Rove Gonzales, all the enablers, do not get enough credit for what they did in allowing the moral and financial bankrupting of America. I won't bother you with another link but Michael Whitney did a great piece detailing how Greenspan set it up. Those so called men are heralded as heroes by some. You have to realize they are all benefactors.

I always said Bush or those behind him learned their lessons well and anything they touched would be much worse than a like event in History. During the Depression when Roosevelt was trying to rebuild America we knew it happened on the Republican's watch and who to blame. They also knew and wanted to help fix it not make it worse as Republicans are doing today.

Anyway think back and you will see that everything was done on purpose and especially the timing was no coincidence. Bush and Greenspan kept the collapse off until he was out of office. People say get over it! Move on! However we will never get over it or be able to forget Bush as much as we want as his damage will affect our and the worlds lives forever. No I am not giving that bunch too much credit.

They shaped our future and the future of the whole world like it or not!et over it, not hardly! The debt clock had to be started during Reagan's time because of his success but could only register 9 trillion. Because of Bush's so called success it had to be altered to register 10 trillion. Now the debt is moving so fast it is going virile. 3.8 trillion is our new record budget for next year. How far off can bankruptcy be especially knowing how bad it really is?
Bankruptcy Questions & Answers

James m Joiner
Gardner, Ma


Demeur said...

What people fail to realize is that the debt can be as high as 2 times the GDP and we'll still be okay. But what really needs to happen is for corporations and the wealthy to start paying their fair share. The bulk of large corporations pay no federal income taxes due to loopholes. Also as Blog Fodder pointed out in my last post there needs to be checks and balances or the system can not stand.
If they keep taking from the middle and lower class pretty soon there won't be anything left to take.

an average patriot said...

You're right Demeur but they are purposely decimating the lower classes and have been since Bush.

I was stunned when I saw that Republican ass Walker come on yesterday and defend busting the unions and in the same breath wanting more tax cuts. WTF?

Jolly Roger said...

You'll be all right, jim. The wealthy will have their dictatorship, but it'll be south and west of where you are.

This country will not hold. I'm almost to the point where I wish they'd just get it the f over with.

an average patriot said...

Yeah JR but with a divided family. My family has primarily migrated to Florida and Arizona.

I keep hoping we hold together. There is a lot in the saying "United we stand Divided we fall" We are stronger as a whole if we are called upon. Unfriggingbelievable!