US gubmint shutdown + default + subprime sequel?

**Philippus Flavius Homovallumus** · 07-16-2011, 10:30

Originally Posted by rory_20_uk

That is not a solution. It is merely putting off having to make a solution.

Judicious cuts and tax rises to, y'know, get more money than spent would be a solution and then pay off part of the National debt occasionally.

Yes, well, going through this every few months makes it look increasingly like the US is run by children, and stupid ones at that.

**Samurai Waki** · 07-16-2011, 10:50

Originally Posted by Philipvs Vallindervs Calicvla

Yes, well, going through this every few months makes it look increasingly like the US is run by children, and stupid ones at that.

Looks? I'm sure a group of chimps could do a better job, and if not at least we could laugh at their shennanigans-- politicians are never cute, and their shannigans usually involve cocaine and dead hookers...

**Lemur** · 07-20-2011, 22:04

Best headline yet: Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined

**gaelic cowboy** · 07-20-2011, 22:14

Originally Posted by Lemur

Best headline yet: Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined

It's almost like there debating who should get to cut the first slice of cake while the visigoths are bashing the gates in.

**Beskar** · 07-21-2011, 17:40

Let's scrap all debt and currency and bring in the one-world government with its one-world currency with a completely new economic system where the global state cannot go into debt. Along with other economic reforms, all the issues will be solved almost instantly.

**rory_20_uk** · 07-21-2011, 18:00

Erm, I hate to burst your bubble, but unless you are stating that there would then be no lending, it would change nothing.

China's municipalities are in massive debt due to their lending. It changes the name, not the outcome.

**Lemur** · 07-21-2011, 18:49

This is pretty good:

**Beskar** · 07-21-2011, 22:41

Originally Posted by rory_20_uk

Erm, I hate to burst your bubble, but unless you are stating that there would then be no lending, it would change nothing.

China's municipalities are in massive debt due to their lending. It changes the name, not the outcome.

Originally Posted by Vladimir

I really want to believe you're joking as if I attack your position you'll retreat to the barricades.

My comment was in partial jest, as in, I think ultimately a united government with a single currency, along with world-wide economic reforms including a total economic reboot would solve so many issues present in the current global market.

As for "There would be no lending", that would be a folly, as I think you said yourself earlier Rory, owing $1000 to the bank, you are in trouble, the owing $10,000,000 to the bank and the bank is in trouble. Economic reform would include provisions for banks to lend what it can afford to lend. If this came alongside social shift in how we spend/treat money a credit crunch or similar would never occur.

If a global government with a balanced budget sheet came into play as well, with funds for "Rainy Day", then it changes the outcome of the global climate. If a bank ends up bankrupting, the other banks would simply fill the void of where it fell and there would be no threats to the stability of the government/nation, as we have seen in Greece, USA and other places.

The reason for global government is because the Eurozone is a joke if all the different countries are singing from different song sheets, and thus so would be the world if there was just a unified currency.

As for a unified currency, the benefits of that is pretty common sense and would go into a different argument.

As for my comment in jest, there is no way that such a revolution would occur unless some random cataclysm event occurs. People are too self-interested in their own stocks to create a new world which would solve a great many of the old worlds wrongs.