If USA defaults, stock market collapses 30%, GDP down 5%

Quote from toc:

There is lots of grit in the American system and its population is much more sensible than any third world country.
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I agree. That's why there will be default before austerity - it's the sensible thing to do.

Do not doubt the US ability to bounce back.
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I don't. Standard of living will go down everywhere, but North America should continue to do very well, in relative terms.
 
By my reckoning, we are now a nation of deadbeats, illegals, welfare scammers, and thieves.

Botswana looking better all the time.
 
Quote from Covertibility:

Just get rid of Medicare. If you're a responsible person who doesn't live at McDonald's, smoke, or work at a nuclear power plant, then you really won't need this program.
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this is a pretty dumb statement even for et standards.
 
Might as well throw in Social Security too. These social programs are very wasteful and only the degenerates need them.

Let's let the weak die faster.
 
Quote from Covertibility:

Might as well throw in Social Security too. These social programs are very wasteful and only the degenerates need them.

Let's let the weak die faster.
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yes we should seek out the places in the world that dont have social programs and emulate them. places like africa come to mind.
 
it be interesting to see how long this imbalance can persist, poor gov't, poor masses, rich banks and corps, rich few, cost cutting aimed at the poor sector, free money and tax breaks for the rich sector
 
cut defense budget by $300B a year

stop all foreign aid to every other country

increase taxes on rich

bring down the living standards in prison and convict welfare, save $10B

stop buying chinese or rather put 10% duty on all chinese goods

stop all welfare program except for sick and old

expel nearly all illegals and force US public to do those jobs i.e 4-5M jobs right there

many more...........american creativity is world renowned!

:D :cool: :p
 
Quote from dtan1e:

hear about chinese bullet train? there's a reason they are cheap
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Train accidents happen. Every time you step on the train. There is a very tiny chance of endangering your life. Have you heard about the following?


Eschede train disaster (Germany) 1998

Kaprun disaster (Austria) 2000

Great Heck rail crash (England) 2001

Amagasaki rail crash (Japan) 2005

Chatsworth train collision (USA) 2008
 
14th Amendment expressly requires all debts to be honored. If Obama allows default he will be impeached.

More bullshit by Obama's minions in the press. Watch it intensify over the next few days.
 
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