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unkachuck Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-23-09 09:08 PM
Original message
Poll question: Moratorium on the National Debt....
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While we were playing Republican and Democrat, the crooked financial wizards in banking, on wall street and in Washington were stealing us blind. They've stolen our retirements, homes, jobs and futures. Obama then hires the same crowd who brought us wars and this economic 'meltdown' to save us from them. And what have they done besides feathering their nests, covering their tracks and doubling our National Debt? Zip.

I propose we no longer recognize or pay on the National Debt; wipe the books clean, go bankrupt. Let those who ran up the National Debt pay it off. And let our generation who tolerated and encouraged these criminals, suffer the greatest consequences. With no National Debt to pay, we'll have the tax resources to fund an end to the crisis we've inherited. Without easy world money, we'll have to produce things once again. What say you?

Poll result (17 votes)
Yes, a permanent moratorium on the National Debt. (3 votes, 18%)Vote
No, we must keep paying. (14 votes, 82%)Vote
Other. (0 votes, 0%)Vote

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  -Moratorium on the National Debt.... unkachuck  Oct-23-09 09:08 PM   #0 
  - That is an insane, completely unrealistic idea.  TexasObserver   Oct-23-09 09:09 PM   #1 
  - that's corporate propaganda....n/t  unkachuck   Oct-23-09 09:14 PM   #4 
     - No, that's not being foolish.  TexasObserver   Oct-23-09 09:23 PM   #6 
        - I can honestly say....  unkachuck   Oct-23-09 09:31 PM   #8 
           - That's because you don't have a dollar invested in anything.  TexasObserver   Oct-23-09 09:32 PM   #9 
           - Buy yourself a 30 year Treasury bond...  A HERETIC I AM   Oct-23-09 09:50 PM   #13 
              - You mean telling our citizens to buy bonds then reneging on those bonds is a bad idea?  TexasObserver   Oct-23-09 09:57 PM   #14 
              - I have a feeling Mr. unkachuck doesn't understand the bond market and..  A HERETIC I AM   Oct-23-09 10:06 PM   #19 
                 - Agreed!! That US citizens own most of this debt.  TexasObserver   Oct-23-09 10:16 PM   #22 
              - "You can't expect to get paid if you don't own the bonds."  unkachuck   Oct-23-09 09:57 PM   #15 
                 - Best of luck with that.  A HERETIC I AM   Oct-23-09 10:07 PM   #20 
  - I'm sure  sharp_stick   Oct-23-09 09:12 PM   #2 
  - "...the Chinese and everyone else we owe money to would go for that."  unkachuck   Oct-23-09 09:15 PM   #5 
  - I have to hope you're joking  sharp_stick   Oct-24-09 03:01 PM   #31 
  - And it's only good for once, because you'll never be able to borrow money again.  TexasObserver   Oct-23-09 09:41 PM   #10 
     - "...so the US could spend the money in its budget..."  unkachuck   Oct-23-09 09:47 PM   #11 
        - The dollar would collapse,no more foreign oil,the economy collapses.  Swede   Oct-23-09 09:58 PM   #16 
           - yes, the dollar would collapse....  unkachuck   Oct-23-09 10:04 PM   #18 
              - Your scenario is a million times worse than what is going on now.  Swede   Oct-23-09 10:38 PM   #23 
  - Do away with a monetary economy. We should switch to a resource economy. nt  valerief   Oct-23-09 09:12 PM   #3 
  - Abolish the "Federal" Reserve  Sebastian Doyle   Oct-23-09 09:28 PM   #7 
  - The National Debt equals a stack of $100 bills taller than the diameter of the Earth.  Towlie   Oct-23-09 09:47 PM   #12 
  - Interesting. I'm often amazed at the cluelessness of folks.  TahitiNut   Oct-23-09 10:04 PM   #17 
  - stop the Washington shell game....  unkachuck   Oct-23-09 10:09 PM   #21 
  - It's pretty shocking, isn't it?  TexasObserver   Oct-23-09 10:57 PM   #24 
     - +2  Liberal_in_LA   Oct-23-09 11:58 PM   #25 
  - UNREC see Reply #1. Crazy idea, maybe a last resort before complete collapse.  philly_bob   Oct-24-09 01:27 PM   #26 
  - Sure, just let me know when you plan on doing this first so I can buy other currencies  Hippo_Tron   Oct-24-09 01:34 PM   #27 
  - You're obviously nuts.  lonestarnot   Oct-24-09 01:37 PM   #28 
  - How libertarian of you...  Wounded Bear   Oct-24-09 01:39 PM   #29 
  - I think we're stuck with it  varelse   Oct-24-09 01:44 PM   #30 
 

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