Comments on: Economist: ‘Debt-fueled growth is not healthy, not sustainable’

By: Jim Riordan

Jim Riordan — Tue, 26 Feb 2013 09:28:46 +0000

I do not like these “runaway” salary increases to ANY government entities any more than any of you. What I am most upset with though is all the EBTs, free medical care , free school lunches , free, free, free you name it for unemployed illegal aliens, while they laugh in our face for being so stupid. Just like their own countries would laugh at them if they went home and asked for the same free ride. None of this is free. WE have to pay for them and frankly I am sick of it. Get all these illegals out of OUR country tomorrow . . .out of the jails , out of free housing, out of BS job programs and out of this country OR, lets begin cutting the jobs of damn government “workers” until they agree to get rid of the freeloaders. It should be apparent to all that we are at the end. The end folks. We cannot print money to get out of this, we must rid ourselves of the freeloaders who take, take, take and put NOTHING back in. It is time these overpaid government bureaucrats either cut back on their fat salaries and retirements or start taking action against the freeloaders who have done nothing but take from the citizens of this Country. If we fail to remove ALL of them, the older people who actually worked to earn money will not have any money to live since all they PAID INTO social security will have been robbed from them to pay freeloaders who vote for the pigs who keep giving them handouts from our (non-government) social security funds which have been robbed blind by stinking washington bureaucrats since the 1950s. Of course their term for robbing is borrowing. In my opinion, all the PERS funds and other government retirement funds should be robbed in exactly the same proportions as social security to pay for these illegal POS in equal proportions. I’m sorry, I have no mercy left. If they are here illegally they must leave NOW before one more stolen dollar is spent on them. After all of them are GONE , then we can see how long social security that we taxpaying, working legal seniors paid into will last. We were forced to pay into the system and we did. All those who are taking from our system instead of paying should be forced to leave tomorrow. My Dad predicted this in 1959 and gave a speech before the senate, of which I have a copy, stating that this exact scenario would unfold. The elected POS did not listen, and now half a century later, every thing he predicted to them has come about.

By: cookie65

cookie65 — Mon, 25 Feb 2013 17:07:09 +0000

“Debt Fueled Growth is Unsustainable”. DUH!Would the public sector offer any evidence of this statement? The public sector, fed, state, county, city, muni, local has all expanded thru nothing more than debt obligations (Sac city has $2 billion in unfunded public sector obligations) and it is all catching up with us. Between all the states there is $4 trillion in unfunded pension obligations. The state of California has an unfunded healthcare and dental obligation of $63+ billion. All of this is on the backs of the private sector taxpayers, most of which cannot afford their own retirement and healthcare. But we can’t dare eliminate any government because some parent might have to feed, clothe and house their own children the same way all generations before have. I do find it curious how the national debt of $16trillion is roughly the same figure that we have spent on the war on poverty. I know I know… just a coincidence. The fact is the public sector is sufficating this country and unless something is done about it there will be a collapse and since most cities have about a 24 hour food supply…. use your own imagination.

By: Phil Veerkamp

Phil Veerkamp — Mon, 25 Feb 2013 04:22:37 +0000

Vincent Cate, All exponential growth functions ultimately 1) yield numbers completely unrelated to reality accompanied by conspiracy theories 2) slowly deflate with a whining sound of conspiracy theories 3) burst accompanied with a cacophony of conspiracy theories. Things that grow exponentially need management. Exponential growth (populations, economies, money . . . ) is either managed or left without management, blows up. . . . A = P(1+r/n)^nt is [can be]a beast.

By: Vincent Cate

Vincent Cate — Mon, 25 Feb 2013 02:22:19 +0000

I have a Hyperinflation FAQ that people may be interested in:
http://howfiatdies.blogspot.com/2012/10/faq-for-hyperinflation-skeptics.html