The legacy of 'W'?

[jsarno]

Originally Posted by saden1

In the words of the venerable Rick James "I'm rich, bitch!" At least I'd like to be. I'm a bit concerned about inflation and U.S. economy tanking as it is the core engine that drives the world economy.

Enough about me and on to the real issue. The issue is whether we should concern ourselves with the future of the generations that will follow and whether we want to leave them in a financial hole.

Well, I do understand where you're coming from, however, this has been something our great greandparents gave to us and we have yet to be truely hit with it. We always hear about the deficit, but no one knows how it affects us.

[Crazyhorse1]

Originally Posted by jsarno

Well, I do understand where you're coming from, however, this has been something our great greandparents gave to us and we have yet to be truely hit with it. We always hear about the deficit, but no one knows how it affects us.

Here's what happens: We go bankrupt when the interest we pay out becomes more than our income. Since we are bankrupt, we can no longer borrow to pay for government services, so lose millions of jobs, including firemen, cops, and soldiers. Since there is such chaos and so many are out of work, there is too little money to pay for the products produced by our companies. The companies then topple, sending millions more out of work. Depression (I sure am glad we've never been hit by one of those before). Gangs of violent hoboes roaming the land. Our country gets its butt kicked by Canada, which walls our poor (everyone) and starving, even though we are willing to work.
jsarno. Have you ever read anything?

[Crazyhorse1]

Originally Posted by jsarno

Well, I do understand where you're coming from, however, this has been something our great greandparents gave to us and we have yet to be truely hit with it. We always hear about the deficit, but no one knows how it affects us.

Here's what happens: We go bankrupt when the interest we pay out becomes more than our income. Since we are bankrupt, we can no longer borrow to pay for government services, so lose millions of jobs, including firemen, cops, and soldiers. Since there is such chaos and so many are out of work, there is too little money to pay for the products produced by our companies. The companies then topple, sending millions more out of work. Depression (I sure am glad we've never been hit by one of those before). Gangs of violent hoboes roaming the land. Our country gets its butt kicked by Canada, which walls out our poor (everyone) and starving, even though we are willing to work.
jsarno. Have you ever read anything?