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How do we solve the deficit crisis?

Posted by: BPC
Date Posted: February 22, 2011
Cut spending on social programs.
14% (19 votes)
Cut taxes & spending on social programs.
24% (32 votes)
Tax the rich.
63% (85 votes)
Total votes: 136

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Date Posted: March 22, 2011
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How do we solve the deficit crisis?

Posted by: Garrett Baker
Date Posted: March 13, 2011

Regarding the deficit crisis, I've been thinking about this for some time and I guess it's on every ones mind.  How do we as people really fix the situation? The first  step is to stop depending on our elected officials to do it. The American people need to take matters into their own hands. Instead of contributing our money to people assisting them as they run for public office (they don't do anything but collect a pay check), we need to think outside of the box. It's called giving but not to the elected officials. We need to set up a funding program which will allow the public to give funds specially for a bail out. We give our money to different charities, i.e., churches, college grants, etc.  Why not use personal funds to "BAIL THE AMERICAN SOCIETY OUT" of the deficit crisis?

Karma cannot be denied

Posted by: istlota
Date Posted: February 26, 2011

Regarding the deficit crisis, there is no fix at this point. Not one which would involve a financial recovery. America's brand of capitalism is inherently self-defeating. it cannot be sustained. The current crisis is just the inevitable consequence of the unwise combination of fractional reserve banking and fiat currency. In such a system as ours, to quote the excellent documentary "Zeitgeist"   --- "money is debt. Without debt, there would be no money."

http://www.youtube.com/watch?v=_dmPchuXIXQ&feature=related

At this late stage of the game, even if both the government and the citizenry stopped borrowing money to maintain our current standard of living [as probable as pigs flying], it is too late to save this sinking ship.

But, that is actually a good thing --- good for the family of man. America going broke would mean America could no longer afford to wage wars in Iraq, Afghanistan, and clandestinely in Somalia. America going broke would mean America could no longer fund and arm the zionist state of Israel.

But, of course, we all know America is not sane enough to just say no to debt. Hence, we will continue to borrow, borrow, borrow until the Good Ship of State is completely submerged.

And, from there, Mother Gaia, and the non-European world, will breathe a deep sigh of relief.