Use access key #2 to skip to page content.

alstry (35.68)

Krugman Agrees America is SHUTTING DOWN!

Recs

9

August 09, 2010 – Comments (2)

The lights are going out all over America — literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno.

http://www.nytimes.com/2010/08/09/opinion/09krugman.html?_r=1&hp

The situation has become so bad that government will be forced to take ALL YOU HAVE....and it seems Krugman thinks this is the right path.....

We’re told that we have no choice, that basic government functions — essential services that have been provided for generations — are no longer affordable. And it’s true that state and local governments, hit hard by the recession, are cash-strapped. But they wouldn’t be quite as cash-strapped if their politicians were willing to consider at least some tax increases.

SOME TAX INCREASE...W....E ARE RUNNING A $2 TRILLION DOLLAR COLLECTIVE FEDERAL, STATE, COUNTY, AND MUNICIPAL DEFICIT....AND IF WE WERE APPLYING GAAP ACCOUNTING, THE DEFICIT WOULD BE NORTH OF $4-5 TRILLION FACTORING ENTITLEMENTS.

My sheep....you thought all this borrowing didn't affect you?  YOU were the benificiary of all this borrowing....now its time to pay it back with EVERYTHING YOU HAVE.....

Welcome to the Digital Age...

and if you think you can leave America and take money out of the country....let me give you are clear warning right now......you are being watched very closely......VERY CLOSELY RIGHT NOW.

I recently sat through an FBI interrogation of a US citizen raising such issues......you won't believe what information our government has regarding foreign bank accounts.......and if you think your money is concealed.....you may be very surprised.

I strongly urge you to get competent legal counsel before attempting any such behavior or thoughts of revoking your citizenship.......government knows you made your money on government's borrowing.....now government wants you to help pay back the debt.....it is only fair.

2 Comments – Post Your Own

#1) On August 09, 2010 at 9:19 PM, alstry (35.68) wrote:

Sorta strange don't you think....just a few months ago this nobel winner was boasting how strong the economy was going.....

Remember these words....JOINT AND SEVERAL LIABILITY.....

we are all in this together my sheep.....we all lived a great lifestyle because of debt and government borrowing money...some of us even got rich......now its time for us to pay it back....especially those of us who got rich.

Report this comment
#2) On August 10, 2010 at 7:41 PM, MyAIC (< 20) wrote:

Going Backward When We Should Be Going Forward

"NO WAY!!!"  That was my reaction when I read in the Wall Street Journal that counties, cities, and towns have decided instead of ponying up the money to fix decaying roads that they'll simply rip them up and revert them to gravel.  Then I read in the New York Times that Colorado Springs is turning off a third of its street lights.  Clayton County, a suburb of Atlanta, completely shut down its bus system, stranding 84,000 daily riders.  Public schools in Hawaii shut down 17 Fridays last year.  In Colorado Springs, where they've drastically cut their police force, estimates show a 23% chance that all patrol units will be busy when someone calls the police.  Again, all I can think is "NO WAY!!!"

Now I understand the necessity of fiscal prudence.  But if we destroy American businesses' ability to compete (by unpaving the roads they use to deliver their wares, for example) or we make our cities unattractive for global companies (by shutting off streetlights, for example), or we fail to educate the next generation of American competitors, then we are destroying the government's revenue base - making everything worse in the end.

So let's get together and think about some innovative ways to rebuild, maintain, and extend the kind of infrastructure we need to compete even when governments' coffers are bare.  Some ideas?  What about public-private-partnerships?  Or demand management (including, for example, use-based pricing structures).  Or, as Paul Krugman has suggested, selling Treasury bonds and distributing the proceeds to cash-strapped state and local governments.  Or the creation of a national infrastructure bank that would provide low-cost loans for public or private entities to build and operate critical infrastructure.

I certainly don't have all the answers, but the point is that there are things we can do to be fiscally prudent and protect America's competitiveness.  If we don't evoke that quintessentially American "we can do anything" attitude now I do fear that we will be, as Krugman suggested, "on the unlit, unpaved road to nowhere."

http://www.arizonaic.org/blog/275-going-backward-when-we-should-be-going-forward

Report this comment

Featured Broker Partners


Advertisement