Can't wait for Aug 3rd

they paid in to ss its not welfare. and if they lifted the cap on ssi to over 105k there would be no problem. also keep lowering taxes and then cry about the debt. As fun as it is to cut things on old people and middle class. There isnt enough you can cut to balance the budget. While protecting tax breaks that will never ever effect you except they will ram in harder up your ass while google pays about 4 percent in corporate taxes. Also a cute thing happen for all those people with the taxes make corporations raise their prices mantra. As we know the faa is unfunded now, so the 7 percent tax they collect on all tickets cant be collected. So that should mean its 7 percent cheaper to fly, oh no. The airlines raised their prices 7 percent so you are still paying for it. That kills that whole fair tax theory.

also it all melts down how will you make a living? Im curious.

I made just under $6000 last monday alone trading stocks.

Yeah right. The DJIA dropped more than that last week.

Prisons are a lot more expensive per person than mailing checks.

But it's so very american to see prison as the solution for every problem.

Now, we could always build boomer camps, that might be cheaper.

Might make for good reality tv. "Boomer Camp - now the old f*ckers will pay!".

yes everyone waits

I have all the time in the world to wait.. Just can't wait till pay day.

I can wait

You're clearly not thinking about this and just trolling. This is the effect

Interest rates hiked. They might still be hiked as the credit rating agencies who control the interest rate paid on these loans. Might get pissed and worried and hike them anyway, thanks to the Tea Party.

So your mortgage, car payments and CC interest go up.

Then they won't cut the unemployed benefits, that's a small saving. They will cut people who are in a job that's being paid out of the Government purse. It's far better to fire someone sitting in an expensive office on a bought chair at a desk with a computer and shuffling paper than it is to cut 5% off welfare. The welfare bill is going to go up, the services the Government pay for is going to go down.

Think about it for a moment, police, teachers, road sweepers, fireman, paramedics, road building and repairs, factories turning out arms, Government schemes I did here that Congressmen love to get big funding for projects in their Districts.

What else can be cut? Food subsidies, Airports, controllers, etc. Not sure if they're independently run or not. So choose another one.

Only idiots think it will only hit the poor, it will hit everyone who derives an income from US citizens. Because Depressions have a habit of rolling up the scale. A lot faster than wealth rolls down the scale.

Your income is 100% dependent on what people have over after they paid their bills. Porn will be hit like a Mother Fucker. Do I buy $30 worth of porn or food to feed the kids? Extreme example, but you get the idea.

Out with the poor, the tired, and the weak ...

Sorry mate, but you didn't think it through. Like the OP.

Yes let's stop building all this expensive hardware, give the Marines a decent gun and bullet proof vest and hey ho.

Anyway all that hardware's made in China, Japan and India anyway.

Oh shit!!!! It's made in the good old US of A.

Cutting spending on the hardware is one way of cutting the budget. It illustrates my point so well. It will mean Americans will get laid off, because they're not building stuff, factories close, the factories making the components for the Warships, planes and tanks close. The businesses all the way down to the ones who supply the toilet paper <pun intended> are facing hardship.



Excellent place to cut. But the hardware spending employs US citizens making that stuff. Who will go onto the SS budget, because it's cheaper to keep them unemployed.

The money has to be found and finding it by cutting somewhere and cutting benefits is only going to shave the deficit. The cuts will bite into employment, firstly Government employees then the suppliers they buy from.

The money the Government loans flows INTO the US. It props up the economy. Think of it as being on a life support. Turn off a tap a little bit and the patient has problems. Even money given to the layabout scroungers who have never worked in their life is money in the system, they don't put it under the mattress, they buy stuff with it. At places that employee people who buy stuff, like porn site memberships.

Start laying off workers and the cuts go deeper. But that's where they will be made.

It's shocking watching, listening or reading the clowns who don't understand the situation.

The US economy, like others, exists on debt. Without that debt the US economy would be $10 trillion worse off. Well maybe not that much as a lot of the money is spent overseas.

The economy of the United States is the world's largest national economy. Its nominal GDP was estimated to be nearly $14.7 trillion in 2010,

Does that figure ring a bell?

Here's a clue.

So taking out $1 trillion is going to mean $1 trillion less in the US economy. That's 7.1% of the total US economy. The US needs to slow down the lending and reduce the interest payments to achieve a lower debt. Imagine what that's going to do to your wallets. Because this industry is all about disposable income. That's going to hit porn harder than anything. Even Tubes will close, because sales to sites won't be there like they do.

If you have money pornless, buy land. Gold might get hit as well. On the other hand it might not, but you're relying on the standard remaining on gold. And it's not much use for anything buy jewelery. So who knows. Land is a far safer bet.

Stock market.

In reality there will be no default, the US has to get it's economy ship shape. It will hurt, but not nearly as much as the Depression in the 30s.

Whether or not we default, we are going to have something happen worldwide eventually and it will make 2009 look like a good year.

Just heard on the TV, the markets are spooked. worried the US credit rating might be hiked. That will cost anyone with a loan or debt. And might trickle dow. People might be more reluctant to use a CC. I fucking hope not.

1.00 USD = 0.701173 EUR

1.00 USD = 16.9568 CZK

I agree with you. ALL Government spending in the US seeds local communities in one way or another. Be it Social Security, Health, Pensions or sending men to Mars.

It's just come out in the UK that the cuts by the UK Government will cost every household $2,400 and the UK is not repaying what the US has to.