Article

2014-12-13 Government

The hole is now too deep. Paying down debt, mathematically impossible.

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Besoeker 2014-12-13 06:07|| || Front Page|| [3 views ] Top

#1 Its not impossible. Print more money to devalue the debt. But remember the cost (Wiemar Republic Germany or Zimbabwe). I lived through double digit inflation and double digit unemployment under Jimmy Carter. There's a whole generation and then some that have not one clue about the reality of what they are facing when this is resolved.

Posted by OldSpook 2014-12-13 09:32|| 2014-12-13 09:32|| Front Page Top

#2 Never heard of a mathematician, except Napoleon, in politics.

Posted by g(r)omgoru 2014-12-13 10:15|| 2014-12-13 10:15|| Front Page Top

#3 Politically it is impossible; financially it is not. Just stop spending money on stuff that is not needed. Deregulate and Allow the economy to grow without an open gate border.

Cap the federal GIVERnment at 8% of GDP and revenue at 9%.

Posted by Airandee 2014-12-13 11:01|| 2014-12-13 11:01|| Front Page Top

#4 National Debt Clock. Although interesting, this clock doesn't show the long-term debt obligations. Paying for wars is not such a big item as are the social programs. Gets back to Romney's claim about the 47%.

Posted by JohnQC 2014-12-13 11:04|| 2014-12-13 11:04|| Front Page Top

#5 G(r)om I had to look.

:)

Leon Trotsky

:)

Eamon deValera

LOL

Posted by Shipman 2014-12-13 12:01|| 2014-12-13 12:01|| Front Page Top

#6 Russian revolutionary Leon Trotsky began studying mathematics at Odessa in 1897. However, his career in mathematics was cut short by imprisonment and exile in Siberia.

Eamon deValera yes

Posted by g(r)omgoru 2014-12-13 12:12|| 2014-12-13 12:12|| Front Page Top

#7 Being an engineer, I've always harbored a distrust of mathematicians.

Posted by JohnQC 2014-12-13 12:40|| 2014-12-13 12:40|| Front Page Top

#8 I believe most rational people realized this would come someday. The only resolution at this point will be repudiation then war or war then repudiation. Take your pick.

Posted by whitecollar redneck 2014-12-13 14:55|| 2014-12-13 14:55|| Front Page Top

#9 Only 3 ways:

Stop spending
Raise taxes
monetize currency

Posted by newc 2014-12-13 18:16|| 2014-12-13 18:16|| Front Page Top

#10 Only one of those that interests me, newc, is STOP SPENDING.

Posted by Barbara 2014-12-13 18:19|| 2014-12-13 18:19|| Front Page Top

#11 I agree Barbara. The spending has to stop or at least be severely cut back! Somehow, the damage politicians do to this country has to be limited.

Posted by JohnQC 2014-12-13 20:31|| 2014-12-13 20:31|| Front Page Top

23:57 Super Hose
23:52 Zenobia Floger6220
23:50 Bill Clinton
23:49 Super Hose
23:48 Bill Clinton
23:46 Super Hose
23:42 Thing From Snowy Mountain
23:39 Bill Clinton
23:36 Super Hose
23:22 Super Hose
23:09 GORT
23:05 SteveS
22:38 Super Hose
22:33 Super Hose
22:29 Super Hose
22:22 Super Hose
22:21 Procopius2k
22:15 Super Hose
22:05 Redneck Jim
21:25 Procopius2k
21:21 Procopius2k
21:10 Frank G
20:55 swksvolFF
20:53 Bill Clinton