Quote:
Originally Posted by keysync
Things are better like all the debt we have right?
That's what pisses me off.
It's the peoples money I don't give two fucks who is in office. Tell congress to stop spending all the fucking money plus 40% we don't have.
There's an illusion of whether presidents are bad.
It's congress that writes the laws and spends all the money.
They are the ones FUCKING us.
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No you are the ones fucking yourselves.
Let's explain it simply.
someone has a credit card that gives him a false sense of wealth, he's able to buy goods for more than his worth, live above his income and have a pretty cushy life. All he has to do is pay the interest, which in terms of countries borrowing or selling bonds is low.
Then he loses his job, or he gets a cut in his salary and the interest is crippling him. his Credit Card company stops his credit, then starts to pressure him to repay his debts. And the shit has really hit the fan.
Now multiply it by the number of people in the US and the debt the US is in.
The US is by no way in the situation of Greece. Still it has borrowed above it's level for a long time. Now the economy isn't able to repay the interest and credit is tough. cutting back the spending and borrowing by the US Government is going to take out $billions from the US economy.
That includes police, ambulances, firemen, roads and everything else the money is spent on. military, arms, etc. In one word
jobs. People who spend money will no longer have the money to spend.
And this thread was devalued to a mans religious beliefs.
Still that's a major concern for many Americans. Does Jesus even have a credit rating?
