President Obama boldly told Americans: "We are out of money."
Started by dwell
over 17 years ago
Posts: 2341
Member since: Jul 2008
Discussion about
'WE'RE OUT OF MONEY' Sat May 23 2009 10:32:18 ET In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money." C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president. SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money? OBAMA:... [more]
'WE'RE OUT OF MONEY'
Sat May 23 2009 10:32:18 ET
In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."
C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.
SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.
http://www.drudgereport.com/flashocs.htm[less]
Response by alpine292
over 17 years ago
Posts: 2771
Member since: Jun 2008
Tell Tim and Ben to fire up the prining press at once!
Ignored comment.
Unhide
Response by alpine292
over 17 years ago
Posts: 2771
Member since: Jun 2008
Come on guys, if we run the printing press a little faster, we will have enough money for socialized medicine, a time machine, and maybe some more wars.
I know how the govt. can make money: Let's have a cap and trade program for farts! Everyone has to buy fart credits from the govt.
Ignored comment.
Unhide
Response by alpine292
over 17 years ago
Posts: 2771
Member since: Jun 2008
If you want to know why the govt. is broke, here is why: Were paying paralegals $152,000 a year. That's right, $152k a year. With that salary, who needs law school?
What does this have to do with New York Real Estate?
Ignored comment.
Unhide
Response by mdasch
over 17 years ago
Posts: 167
Member since: Nov 2008
Nothing. It is purely related to the decline of StreetEasy forums.
Ignored comment.
Unhide
Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008
As long as we have fresh water, are self-sufficient in food and can defend our borders, we are okay.
Ignored comment.
Unhide
Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008
As for healthcare, basic healthcare for all can be achievable ala Cuba without a lot of money. But that means dismantling the whole infrastructure we have now - not so easy in a capitalist regime.
Ignored comment.
Unhide
Response by aboutready
over 17 years ago
Posts: 16354
Member since: Oct 2007
fascinating that some don't feel that the insolvency of the US potentially has anything to do with New York real estate prices.
nyc10023, fresh water could be an issue. regarding health care, the financial world includes the insurance companies, almost completely intertwined at this point. good interview with Simon Johnson on PBS, Jim Lehrer, on the implications of allowing a country to become enslaved by an industry, such as we have here with the financials. i particularly enjoyed it because he addressed the IMF issue that had been bothering me. i'll post it later.
Ignored comment.
Unhide
Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008
Fresh water will certainly be an issue in the Sun Belt, California,etc. There are so many scary articles about this that I cannot bear to read another one. On the other hand, it's not completely unsalvageable. Will mean the destruction of the agri industry out west, everyone will have to eat locally & seasonally. Widescale adoption of env. friendly use, re-use, and re-re-use of water. Relatively okay here in the North East & North West. Maybe we'll have water migrants.
My bottom line is that financially insolvency of the U.S. is the end of our world as we know it, but not the end of us (yet). I'd be hot-tailing it to some agri/self-sufficient commune right now except that I'm putting it off as long as I can. I like my hot showers.
Ignored comment.
Unhide
Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008
Healthcare - yes, it's doable. The entire paradigm will have to change. I think we (as in the industrialized First World) are slowly creaking towards some kind of end game.
Ignored comment.
Unhide
Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008
Here's another thought for you - I've read Fareed Zakaria's "The Future of Freedom". It may be more difficult for democracies than totalitarian or near-totalitarian regimes to adjust themselves to our looming environmental & financial collapse. We need consensus among so many & of course the development of regulations before anything can be done.
Ignored comment.
Unhide
Response by alpine292
over 17 years ago
Posts: 2771
Member since: Jun 2008
"As long as we have fresh water, are self-sufficient in food and can defend our borders, we are okay."
Well then we are screwed in terms of the last item on your list.
Ignored comment.
Unhide
Response by alpine292
over 17 years ago
Posts: 2771
Member since: Jun 2008
"Maybe we'll have water migrants."
That's greeat; more customers for our RE. On the count of 3, everyone raise your asking prices, ok? ONE. TWO...
Ignored comment.
Unhide
Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008
Come on, alpine. We can defend our borders. We just choose not to, right now because some of us have use for that cheap labor.
Ignored comment.
Unhide
Response by dwell
over 17 years ago
Posts: 2341
Member since: Jul 2008
"fascinating that some don't feel that the insolvency of the US potentially has anything to do with New York real estate prices."
Thank you, AR. You are kind to call it "fascinating". I call it dumb.
"My bottom line is that financially insolvency of the U.S. is the end of our world as we know it, but not the end of us (yet)."
Agree, nyc10023
Ignored comment.
Unhide
Response by aboutready
over 17 years ago
Posts: 16354
Member since: Oct 2007
10023, i haven't read Fareed's book yet, but i'd agree that we tend to be a very sloooow moving machine.
dwell, one of my rare moments of restraint.
it's not the end for most of us, but i'm afraid it will be, directly or indirectly, for some. alas, cycles. but as one of Bill Maher's guests the other night said, we need not only to look at what has gone wrong in the past, but what we might be able to do right as a result. i don't know how much hope i have, but i've resolved to give it some thought.
Tell Tim and Ben to fire up the prining press at once!
Come on guys, if we run the printing press a little faster, we will have enough money for socialized medicine, a time machine, and maybe some more wars.
Wait we can't be out of money. Let's fix up the basement... Are you listening Ben?
http://new.music.yahoo.com/videos/b-52s/legal-tender--2167952
I know how the govt. can make money: Let's have a cap and trade program for farts! Everyone has to buy fart credits from the govt.
If you want to know why the govt. is broke, here is why: Were paying paralegals $152,000 a year. That's right, $152k a year. With that salary, who needs law school?
http://jobview.studentjobs.gov/GetJob.aspx?JobID=52473226&JobTitle=PARALEGAL+SPECIALIST&q=paralegal&lid=696&vw=d&re=0&fedemp=N&fedpub=&caller=default.aspx&pg=1&AVSDM=2009-05-16+12%3a32%3a00
What does this have to do with New York Real Estate?
Nothing. It is purely related to the decline of StreetEasy forums.
As long as we have fresh water, are self-sufficient in food and can defend our borders, we are okay.
As for healthcare, basic healthcare for all can be achievable ala Cuba without a lot of money. But that means dismantling the whole infrastructure we have now - not so easy in a capitalist regime.
fascinating that some don't feel that the insolvency of the US potentially has anything to do with New York real estate prices.
nyc10023, fresh water could be an issue. regarding health care, the financial world includes the insurance companies, almost completely intertwined at this point. good interview with Simon Johnson on PBS, Jim Lehrer, on the implications of allowing a country to become enslaved by an industry, such as we have here with the financials. i particularly enjoyed it because he addressed the IMF issue that had been bothering me. i'll post it later.
Fresh water will certainly be an issue in the Sun Belt, California,etc. There are so many scary articles about this that I cannot bear to read another one. On the other hand, it's not completely unsalvageable. Will mean the destruction of the agri industry out west, everyone will have to eat locally & seasonally. Widescale adoption of env. friendly use, re-use, and re-re-use of water. Relatively okay here in the North East & North West. Maybe we'll have water migrants.
My bottom line is that financially insolvency of the U.S. is the end of our world as we know it, but not the end of us (yet). I'd be hot-tailing it to some agri/self-sufficient commune right now except that I'm putting it off as long as I can. I like my hot showers.
Healthcare - yes, it's doable. The entire paradigm will have to change. I think we (as in the industrialized First World) are slowly creaking towards some kind of end game.
Here's another thought for you - I've read Fareed Zakaria's "The Future of Freedom". It may be more difficult for democracies than totalitarian or near-totalitarian regimes to adjust themselves to our looming environmental & financial collapse. We need consensus among so many & of course the development of regulations before anything can be done.
"As long as we have fresh water, are self-sufficient in food and can defend our borders, we are okay."
Well then we are screwed in terms of the last item on your list.
"Maybe we'll have water migrants."
That's greeat; more customers for our RE. On the count of 3, everyone raise your asking prices, ok? ONE. TWO...
Come on, alpine. We can defend our borders. We just choose not to, right now because some of us have use for that cheap labor.
"fascinating that some don't feel that the insolvency of the US potentially has anything to do with New York real estate prices."
Thank you, AR. You are kind to call it "fascinating". I call it dumb.
"My bottom line is that financially insolvency of the U.S. is the end of our world as we know it, but not the end of us (yet)."
Agree, nyc10023
10023, i haven't read Fareed's book yet, but i'd agree that we tend to be a very sloooow moving machine.
dwell, one of my rare moments of restraint.
it's not the end for most of us, but i'm afraid it will be, directly or indirectly, for some. alas, cycles. but as one of Bill Maher's guests the other night said, we need not only to look at what has gone wrong in the past, but what we might be able to do right as a result. i don't know how much hope i have, but i've resolved to give it some thought.