Anyone want to talk about the debt problem that's still here

Since all they did yesterday was make a deal to keep making the debt issue worse...does anyone want to talk about the ongoing problem....that we cannot seem to run a country on the means we have or will make any time soon?

The last couple weeks was a policial tussle that bordered in reality, now that they all feel like things are settled and the media is happy as a clam, what are we going to do to pay for all of it, that problem only got worse....what happened yesterday was really all about getting the media and the rating agencies to just shut up....but the media and the rating agencies just stir the pot, they are not in it like the rest of us, they are the rich few where this stuff matters not. So since nothing really changed yesterday except the reporting and the ratings, what about you and me....and your kids?

Since it is clear we will not be cutting expenses, in fact increasing them to almost no end....

ARE FOLKS UP FOR MORE TAXES YET OR IS IT REALLY ALL UP TO THE UNBORN TO PAY FOR IT?

DOES ANYONE HAVE ANY NUMERICAL SOLUTIONS THAT DON"T COMPLETE FUCK THE NEXT GENERATIONS, ANYONE, BUELLER, BUELLER?

Nevermind, who cares, I don't have kids and I will look forward to your kids lives getting financially gutted to make sure I am ok in my old age, a little gift from the 'rents.

In the 70's I think I saw this movie where the young of America are fed up with caring and paying for the old so they kill them. Will America eventually get tired of paying for the baby boomers?

The other picture I get of America is the floundering family business where the patriarch (the treasury and Fed) doesn't want the employees and other family members to know how bad things are so they put on a new coat of paint, spend money they don't have, borrow from Peter to pay Paul. (And the family and employees pretend not to notice the mold under the paint, etc.)

Right now people are still buying American debt, although the biggest owner of US debt is the Fed itself.
One day this house of cards will fall and it wil make the Great Depression look rosy, because this time we might just take down the whole world.

on that note wrote: Nevermind, who cares, I don't have kids and I will look forward to your kids lives getting financially gutted to make sure I am ok in my old age, a little gift from the 'rents.

Sadly, that's kinda how I feel as well. Times like these make me happy that I never had children. I do feel badly for others when I see our government continuing to spend and waste. The worst part are the far left idiots who think we need to spend even more. Spending to get out of debt is like drinking more alcohol to get sober. Idiots Rule.

If the same government that designed the ACA is going to be steering us out of debt, we are sooooo very screwed. It doesn't even do any good talking about the debt anymore because so few Americans care or even know how serious it is. There is no leadership at the top making speeches about how our kids and grandkids are getting reamed... it's all about war on this war on that... watch the shiny objects.

That is why I posted.

Strategy.

Pick a Term: Say 10 years
Pick a Tax: Say a tax per head all those 30-60 years, minus those making less than poverty (or x2 or something)
Pick a Debt: Say the national debt.

Do the math. Assume 100 million in this age group.

That is $170,000. Divide by 10. That is $17,000 for 10 years. That is all the average working person needs to pay to get us out of our past debt. Perhaps a small discount if you pay it all at once. Almost no matter how anyone calculates it, they come up with $100-200,000 per person that is able to pay for it. The debt clock (using better math), comes to $148,000 per taxpayer.

Any refinements or alternatives? How are you planning on shouldering an extra $150,000 over the next 10,20 or 30 years in addition to your personal expenses, need for saving for old age and your tax obligation to pay for future govt services (for the poor, defense, schools if they still exist, etc.)? I am proposing paying for it, any other ideas or scams to get this kind of money, ($17 trillion)?

They will just devalue the money again?

on that note wrote: That is why I posted.

Strategy.

Pick a Term: Say 10 years
Pick a Tax: Say a tax per head all those 30-60 years, minus those making less than poverty (or x2 or something)
Pick a Debt: Say the national debt.

Do the math. Assume 100 million in this age group.

That is $170,000. Divide by 10. That is $17,000 for 10 years. That is all the average working person needs to pay to get us out of our past debt. Perhaps a small discount if you pay it all at once. Almost no matter how anyone calculates it, they come up with $100-200,000 per person that is able to pay for it. The debt clock (using better math), comes to $148,000 per taxpayer.

Any refinements or alternatives? How are you planning on shouldering an extra $150,000 over the next 10,20 or 30 years in addition to your personal expenses, need for saving for old age and your tax obligation to pay for future govt services (for the poor, defense, schools if they still exist, etc.)? I am proposing paying for it, any other ideas or scams to get this kind of money, ($17 trillion)?

I'll be honest, if I knew for a FACT that a debt tax would go straight to paying down our debt, I would be all for paying it. But anyone who pays attention knows that you can't send money to the Fed Gov't and expect it to be spent or saved as promised. We have so many examples of those promises becoming lies... mainly SS which has been ravaged to the bone.

WHEN interest rates rise, it's going to be much harder to even service the debt, forget about actually paying it down. The collective "we" are like the guy who can barely pay his rent, but knows he has a few months cushion before he actually gets evicted. We can keep printing money, but at some point that money becomes worthless and we don't have an EU to bail us out.

Solution? A vibrant and booming economy that is healthy enough to continue for decades and a responsible and logical government... there is no other way.

Watch the international markets (money, bonds, commodities).......example the EURO sells for 1.65 $$$$.....was 1.25$$$ a few months ago. BUY and keep EUROS and metals.....best investment available.

Now, our future is clearly headed the way of DETROIT and the PIGS (Portugal, Ireland, Greece, Spain).

We either cut entitlements (Medicaid, Cakescare, Aid to underbelly kids, Headsmart, etc, etc) and/or leave the borders open, reduce defense (now 10% of the budget), cops, homeland serenity, etc, etc. OR raise taxes on the limited productive sector (Atlas Shrugged for sure - Detroit's real issue).

Think carefully why many want to preserve the Second......carefully.....and why HS buys millions of rounds of ammo.........not a pretty picture.

The economy is the engine of revenues for the WDC clerks and with our kids unable to read/write even in college, the economy will never recover......$250K/year for smearing grease on a bolt jobs (Detroit+) is over.

ALL the BS about not funding the clerks (article seven stuff) and not raising the debt ceiling is so much political drama. Our only path short of increasing abject poverty and/or riots in the streets is to elect responsible legislators and cut spending..........or not.

Locally to approve ANY increase in taxes on any grounds is a fools road.....craziness. NO 1A, 4A, 66.....