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<blockquote data-quote="wkmac" data-source="post: 860919" data-attributes="member: 2189"><p>When I got home last night I happen to catch the repeat showing of Freedom Watch with Judge Napolitano and of course the current budget/debt situation was topic 1. As to your point about Reagan raising the debt ceiling, the Judge made that same point by making note it was done during Reagan's years a total of 18 times. A graph (you know I have strong urge to spell that GRAFT) anywho, a graph was displayed showing the debt on a modest (modest only when compared to now) increase from Carter through Clinton but starting with Bush, the line went near vertical and remains so even now. Democrats blame republicans and republicans blame democrats but sadly the American people get caught up in this con that is nothing more than a WWE interview between faces and heels and the media plays the part of the announcer who only stokes the whole process.</p><p></p><p> Let's not forget that even during Reagan, except for a brief 2 year period only in the Senate, the democrat party owned the US Congress so to Reagan's crimes and they are a many, he did have a willing partner too. Stop ignoring this important fact which allows these bastards to use it as cover when the blame game begins.</p><p></p><p>I think we should <span style="color: #ff0000">default</span>, have said so and continue to think this is the only real option left and anything other than this is just kicking the GAWD DA#N can down the road. There really is <span style="color: #ff0000">Life after Default.</span> The only one's this may not be true for is the oligarchy itself. The dollar is now below $.04 in value when compared to it's purchasing power when the first Federal Reserve notes (you wrongly call dollars) rolled out in 1914'. With further inflation of the money supply via debt, I think the true value is at or near zero and the only thing keeping it going is just the illusion of faith.</p><p></p><p>If you look at who the money is really owed too, "NOT DEFAULTING" IMO is nothing more than TARP by another name! But then if you understand that what you call money and you hold in your hand is nothing more than a book keeping entry, an illusion and a fiction that like gods, only exist in the real because you've been conditioned to have faith.</p><p></p><p>Read <span style="color: #ff0000">Modern Money Mechanics</span> and start becoming a fiat currency atheist!</p><p></p><p>Here's a visual <span style="color: #ff0000">aid </span>to help understand where we really are. If this were a person instead of a state, would your advice to this person be to get their credit limit raised in order to add to this mountain or would you tell them that a massive cut in lifestyle was in order or even some form of default eg bankruptcy was the only option left. If massive lifestyle cuts or default were the only answer for the person, then why is the same answer not applicable to a state in the same condition?</p></blockquote><p></p>
[QUOTE="wkmac, post: 860919, member: 2189"] When I got home last night I happen to catch the repeat showing of Freedom Watch with Judge Napolitano and of course the current budget/debt situation was topic 1. As to your point about Reagan raising the debt ceiling, the Judge made that same point by making note it was done during Reagan's years a total of 18 times. A graph (you know I have strong urge to spell that GRAFT) anywho, a graph was displayed showing the debt on a modest (modest only when compared to now) increase from Carter through Clinton but starting with Bush, the line went near vertical and remains so even now. Democrats blame republicans and republicans blame democrats but sadly the American people get caught up in this con that is nothing more than a WWE interview between faces and heels and the media plays the part of the announcer who only stokes the whole process. Let's not forget that even during Reagan, except for a brief 2 year period only in the Senate, the democrat party owned the US Congress so to Reagan's crimes and they are a many, he did have a willing partner too. Stop ignoring this important fact which allows these bastards to use it as cover when the blame game begins. I think we should [COLOR=#ff0000]default[/COLOR], have said so and continue to think this is the only real option left and anything other than this is just kicking the GAWD DA#N can down the road. There really is [COLOR=#ff0000]Life after Default.[/COLOR] The only one's this may not be true for is the oligarchy itself. The dollar is now below $.04 in value when compared to it's purchasing power when the first Federal Reserve notes (you wrongly call dollars) rolled out in 1914'. With further inflation of the money supply via debt, I think the true value is at or near zero and the only thing keeping it going is just the illusion of faith. If you look at who the money is really owed too, "NOT DEFAULTING" IMO is nothing more than TARP by another name! But then if you understand that what you call money and you hold in your hand is nothing more than a book keeping entry, an illusion and a fiction that like gods, only exist in the real because you've been conditioned to have faith. Read [COLOR=#ff0000]Modern Money Mechanics[/COLOR] and start becoming a fiat currency atheist! Here's a visual [COLOR=#ff0000]aid [/COLOR]to help understand where we really are. If this were a person instead of a state, would your advice to this person be to get their credit limit raised in order to add to this mountain or would you tell them that a massive cut in lifestyle was in order or even some form of default eg bankruptcy was the only option left. If massive lifestyle cuts or default were the only answer for the person, then why is the same answer not applicable to a state in the same condition? [/QUOTE]
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