2016 Postmortem
In reply to the discussion: Liberals Nip Obama as He Battles Republicans [View all]John2
(2,730 posts)this way. President Obama has surrounded himself with people like Geither. These are Wall Street people. Not only this, he selects Chuck Hagel as Defense Secretary. He believes himself to be in the middle. There is no middle. You either believe in something or you don't. Most of the people calling for certain cuts are loyal to Wall Street and what people call as businesses.
I'm going to give people an education with a different philosophy. The Debt people are talking about is based on currency. That currency is used to acquire goods and services. Goods and services are the real wealth people need to survive. Services comes from the skills of people and Goods are items such as food and shelter. As long as the U.S. has the latter items, the Debt means nothing. Currency means nothing without the latter. That is why the former can be easily written off or forgiven. And if you don't have the military might to protect your interests, vile threats don't mean anything. There are a lot of wealthy dictators, who couldn't follow through on their threats.
It is stupid to compare a mighty country like the U.S. to Greece. Currency, does not establish the might of the U.S. Services and Goods are more a symbol of power. The American people can provide goods for themselves as long as they own the land. As long as there is a need for those goods and services, there will be jobs. It is only when a small group of people try to take ownership of those goods and services and restrict access to others. Those are the Kochs and Murdochs types.