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Old 07-26-2011, 04:13 PM   #16
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Default, or debt renegotation as we prefer to call it nowadays, isn't the end of the world. Countries have recovered from default and prospered.
Russia in 1998 is an example of this - fortunately for them, oil prices rebounded pretty quickly. At the individual level, however, a currency devaluation could wipe out savings accounts. Retirees and those close to retirement would be hit pretty hard.
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Old 07-26-2011, 05:56 PM   #17
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3 words - tax the rich!
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Old 07-26-2011, 08:12 PM   #18
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3 words - Balanced Budget Amendment
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Old 07-26-2011, 08:19 PM   #19
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3 words - Balanced Budget Amendment
4 words - Not. A. Real. Solution.
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Old 07-26-2011, 08:26 PM   #20
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4 words - Not. A. Real. Solution.
Agreed, not in one week, but it's the only way to stop the cycle of spend-raise the debt limit-spend-raise the debt limit.
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Old 07-26-2011, 08:43 PM   #21
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Originally Posted by Billy Rotten
3 words - tax the rich!
Yes, it's always that simple.

Let's tax big corporations to save our asses!

Oh, wait, what? The big corporation left for a tax haven with a better education system and took their jobs with them? Oops.

There is a middle ground, but neither party is willing to accept any sort of compromise.

Yup... we're fucked.

Blow it all up. We're doomed. How's Canada in springtime?
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Old 07-26-2011, 08:45 PM   #22
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They didn't leave they only moved their money there.
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Old 07-26-2011, 08:46 PM   #23
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They didn't leave they only moved their money there.
Just like Bono!
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Old 07-26-2011, 08:46 PM   #24
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Agreed, not in one week, but it's the only way to stop the cycle of spend-raise the debt limit-spend-raise the debt limit.
And tell me what would we do in the case of a true crisis?

I would hope that as a father you would feed your children and break budget if you found yourself in a true crisis, wouldn't you? I would hope the country would do the same. There might be moments when this happens, and like so many tea party ideas your lack of foresight would cost us.
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Old 07-26-2011, 08:48 PM   #25
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How's Canada in springtime?
probably cold.


you'd be happy with that!
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Old 07-26-2011, 08:50 PM   #26
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probably cold.

you'd be happy with that!
I can deal with that, eh.
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Old 07-26-2011, 09:44 PM   #27
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I'm not incredibly familiar with all the details of this crisis, so this might be a completely misinformed, naive idea but: Raise the debt ceiling to avoid immediate crisis, and have a moratorium on raises for the next 4 years at least. Is there a reason that wouldn't be acceptable to all involved?
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Old 07-26-2011, 11:17 PM   #28
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I can deal with that, eh.


a typical Canadian summer home:

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Old 07-26-2011, 11:20 PM   #29
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And tell me what would we do in the case of a true crisis?

I would hope that as a father you would feed your children and break budget if you found yourself in a true crisis, wouldn't you?
Are you on a personal crisis at the moment? If not, then what would you do if you were in one?
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Old 07-26-2011, 11:37 PM   #30
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Are you on a personal crisis at the moment? If not, then what would you do if you were in one?
Are you seriously asking me something?
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