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<p>[QUOTE="medoraman, post: 1207525, member: 26302"]We agree its a problem Cloud. No doubt about that. However, the "greatest generation" has also received the "greatest giveaway" in history in the form of insanely rich returns from their SS contributions. We, (yes the politicians voted for it, but I don't see my father returning the SS checks), have spent ourselves into this hole. If we are arguing that the US should go into bankruptcy, since that is what you are advocating, I am just saying that there will be repercussions to that. I still see us simply doing the lazy, politically expedient thing and devalue our currency so that our debt is servicable. This is what nations around the world have done for eons. This is most palatable to the politicians since they can blame the "evil bankers" for it, all the while they will be stealing from savers in this country, mainly senior citizens and hard working, responsible Americans. </p><p><br /></p><p>Sorry Cloud, but blaming "international bankers" for forcing us to borrow money smacks of the same type of classism diatribe coming out of the white house right now. Its always conventient to blame others for our own shortcomings and failures.</p><p>Like I said, I didn't see Americans that were benefiting from this spending returning the money. This debt really started from WWII, which we have never paid off. The "greatest generation" may have fought WWII, but they sure as heck did not pay for it, along with Korea, cold war, or Vietnam. Indebtedness and mortgaged futures is the real legacy that we have been given.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1207525, member: 26302"]We agree its a problem Cloud. No doubt about that. However, the "greatest generation" has also received the "greatest giveaway" in history in the form of insanely rich returns from their SS contributions. We, (yes the politicians voted for it, but I don't see my father returning the SS checks), have spent ourselves into this hole. If we are arguing that the US should go into bankruptcy, since that is what you are advocating, I am just saying that there will be repercussions to that. I still see us simply doing the lazy, politically expedient thing and devalue our currency so that our debt is servicable. This is what nations around the world have done for eons. This is most palatable to the politicians since they can blame the "evil bankers" for it, all the while they will be stealing from savers in this country, mainly senior citizens and hard working, responsible Americans. Sorry Cloud, but blaming "international bankers" for forcing us to borrow money smacks of the same type of classism diatribe coming out of the white house right now. Its always conventient to blame others for our own shortcomings and failures. Like I said, I didn't see Americans that were benefiting from this spending returning the money. This debt really started from WWII, which we have never paid off. The "greatest generation" may have fought WWII, but they sure as heck did not pay for it, along with Korea, cold war, or Vietnam. Indebtedness and mortgaged futures is the real legacy that we have been given. Chris[/QUOTE]
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