tricky_ab

No new debt ceiling deal reached yet, and the us credit rating could be downgraded. This is huge news (Isin't it?)...I'm Canadian but I follow what's happening down South...

So Zilvia, what do you think? (I'll post my views in a bit)....

ESmorz

It's all a fucking show.

Jersey Shore: The Debt Crisis

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Walperstyle

Yeah I mean really, back in the 30's didn't the US fall short on owing Japan some oil, causing Pearl Harbor? The US is known for doing whatever it wants.

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tricky_ab

So you don't think there's economic doom in the in coming future?

Fuck this, I'm off to invest in gold...

ESmorz

I do, but I'd be willing to bet my shoes it won't be because of this.

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slowvia

I think this could be a very serious issue with the potential to bring America to its knees. America has never defaulted before, not even in the great depression. Think about that for a minute.
The biggest issue at hand is the separation of political parties. It does not matter anymore if the Democrats or Republicans come up with a brilliant plan to fix this and restore our countries wealth because the other side will turn it down and nit pick every detail. Our government no longer works for the people, they are just fighting with each other like two brothers over the last piece of cake.
The problem is that they dont realize they can share that piece. Republicans have made it very clear that if they are to agree on raising the debt ceiling, we will have to cut spending elsewhere. But not in areas that make sense. They want to cut Medicare and Social Security benefits, not military spending, and not taxing the wealthy more. Unfortunately to fix our debt issue we must first raise the debt ceiling and only THEN can we begin to cut spending and increase taxes on the wealthiest of Americans. But only if Americans demand that politicians give us real talk, and real solutions and stop demagoguing us to death.

word sux

nothings going to change republicans and demicrats are 2 sides of the same coin. Maybe if were weren't off occupying other countries we could lower our debt.

lflkajfj12123

usa won't default on anything

IT CANT

there will always be other countries to borrow from if we lose our credibility then we just raise the interest rate to sweeten the deal

government won't be cutting budgets its a sneaky term for slowing growth

tricky_ab

At this point I think they'll strike a deal (Who knows when), but US credit rating will go down because they'll reach an agreement too late (that's pretty bad for US economy). I'm rather puzzled about what currency can replace dollar. Not euro and not yuan definitely, China won't allow it in the near future. I think China will start strengthening its market so they could reduce dependence on US. It will take time but it needs to be done. You can't depend on one economy, especially the one which is governed by irrational, not calm-minded politicians.

Dolph_KYAS13

IMO china will go down with America because they have loaned the states lots of cash. That being said, the less the American dollar is worth= the less money (in theory) they will owe.

Either way the american dollar is going to shit, I am going to buy shit on ebay haha.

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'93 Skyline Type M

Phlip

Political talks moved to Loud Noises

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ESmorz

Bitcoins for everybody.

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drift freaq

I don't know if you guys realize this but yes we do need to raise the debt ceiling. Though even if it was not. It does not mean the U.S. is going to default. We are still bringing in and have cash. We also are still making payments. The only thing we would not be able to do is borrow. So yes its not good, yes it could bring a downgrade in the U.S.'s rating. Though it would not be the death or the end of the U.S. Seriously everyone has started over dramatizing this whole damn thing.

The idiots in Congress as well as the President are to blame here. Both sides should be saying ok its time to make concessions and strike a deal.

We saw this same shit go down here in California and both the Governor and legislature proved they could not put their own prurient interests aside for the sake of the state.
I hope the President and Congress prove not as lame.

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S14DB

Get ready for Red Dawn 2, China invades the US to get it's debts paid!



We didn't owe them shit.
Attack on Pearl Harbor - Wikipedia, the free encyclopedia

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Comments should be taken as Opinions not as Statements of Fact

ronmcdon

Normally I'm not a huge fan of Obama, but I think he's made some genuine efforts to compromise.

Mrpopo

Rubbish. Vote them all out

tricky_ab

S14_drift junkE

all i know is im probably not going to get my paycheck....again. fuck all this political BS. like someone said they dont work for the people. cut military spending, okay (in some areas) but do not cut my paycheck.

Mrpopo

The top 10% of taxpayers in this country pay 90% of all taxes. So rich people already pay more. How is that fair? There is a reason socialism has never worked.

beeracing s14

will communism work? LOL

Mrpopo

Idk ask Russia

adam s

When and IF politics ever returns to the American people........ Then I will vote, until then I will not bitch and cry about who's doing what.

That said, there's a real issue here, and neither side is focusing on it, rather, they're focusing on who makes the deal, not what the deal encompasses.

It's one of those who has the last word things. Fucking bullshit.

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BustedS13

perfectly choreographed bullshit

read 1984 bro

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Brian

what happened with that Minuteman 3 today?

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Mikey213

Money is Fiat noobs

Omarius Maximus

Cut the asinine military spending, and stop giving free money to Israel please. Also, start taxing the rich pieces of shit who pay less taxes than I do even with my mediocre income.

bb4_96

Well said sir.

bb4_96

-Do not cut military spending. They buy all their shit from us manufacturers, and GI's blow most their money stateside.
-Start collecting dues from everybody instead of just the top breadwinners.
-Stop televising economic doomsday.
-Give capital hill an unpaid suspension for fighting in the schoolyard

Mrpopo

People should really inform themselves with multiple sources before voting for any political office. Dumb people voting is why we are where we are. Most people are like birds the candidates put a nice ad up or a nice speech and everybody goes "oohh shiny, I want that" and votes the idiots in office. We should be looking at track records and voting history when we vote not the campaign lies.

bb4_96

^I think the problem is more of the tainted pool than shiesty individuals. I think alot of candidates go in with the best of intentions, but when it's one or few voice(s) against the many...