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Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report Israel kills head of Hezbollah Intelligence. Status: Not Logged In; Sign In Opinions/Editorials See other Opinions/Editorials Articles Title: If the Government Defaults Source: [None] URL Source: [None] Published: Jul 28, 2011 Author: A K A Stone Post Date: 2011-07-28 19:27:58 by A K A Stone Keywords: None Views: 2734 Comments: 6 I was just wondering. If the government defaults on its spending binge. How will it effect the posters on this site? Tell us how it specifically would effect you or if you think it wouldn't directly effect you. Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: A K A Stone (#0) (Edited) Tell us how it specifically would effect you or if you think it wouldn't directly effect you. As the dollar tanks, and the value of precious metals go up, I'll be sitting better than ever! Since I'm not "on the dole" as most of your socialist posters appear to be, it'll affect me not at all... But thanks for asking! It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984: War is peace. Freedom is slavery. Ignorance is strength. They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished. Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window. This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots... THEIR God... is the STATE. Capitalist Eric  posted on  2011-07-28   19:35:09 ET  Reply   Trace   Private Reply   #2. To: A K A Stone (#0) I was just wondering. If the government defaults on its spending binge. How will it effect the posters on this site? Tell us how it specifically would effect you or if you think it wouldn't directly effect you. we've hired 5 people this year, we expect to lay all of them off. We don't do any business directly with the federal government, but the impact of stopping about 8-9% of GDP in a couple of days will cause massive slowdown/halt to business and consumer spending. Pew estimates about 700k people will be out of work this year alone, and the economy will fall back into a recession. Tagline for sale - inquire within go65  posted on  2011-07-28   21:10:15 ET  Reply   Trace   Private Reply   #3. To: go65 (#2) we've hired 5 people this year, we expect to lay all of them off. We don't do any business directly with the federal government, but the impact of stopping about 8-9% of GDP in a couple of days will cause massive slowdown/halt to business and consumer spending. Pew estimates about 700k people will be out of work this year alone, and the economy will fall back into a recession. What kind of work do you do? I mean what specifically makes you think you are going to have to lay off these people? What is going to make demand for your product or service fall? For every two dollars of spending they cut they should should cut one dollar of taxes on the middle class. That would put that money back into the pocked ofthe people who earned. Thus stimulating the economy with productive work instead of money shifts. A K A Stone  posted on  2011-07-28   21:16:08 ET  Reply   Trace   Private Reply   #4. To: A K A Stone (#3) What kind of work do you do? I mean what specifically makes you think you are going to have to lay off these people? What is going to make demand for your product or service fall? IT consulting. If there is a default I expect a pull-back as bad, if not worse than what we saw in late 2008. For every two dollars of spending they cut they should should cut one dollar of taxes on the middle class. That would put that money back into the pocked ofthe people who earned. Thus stimulating the economy with productive work instead of money shifts. Cutting spending doesn't help grow an economy - have a look at the UK. And note that we cut the payroll tax back in December, with little to no economic impact. Tagline for sale - inquire within go65  posted on  2011-07-28   21:58:37 ET  Reply   Trace   Private Reply   #5. To: go65 (#4) Cutting spending doesn't help grow an economy - have a look at the UK. And note that we cut the payroll tax back in December, with little to no economic impact. I know hard work does. Cut welfare and taxes and make them work. A K A Stone  posted on  2011-07-28   22:13:11 ET  Reply   Trace   Private Reply   #6. To: A K A Stone (#0) Empire Collapses. US Dollar gets strong the way the Japan Yen is. Remember when the Yen was worth pennies? We wondered why a nation's currency was a 1/3 of a penny? More Hilarity! Now, it takes 77 cents to make a yen...;} mcgowanjm  posted on  2011-07-29   8:37:26 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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