To: robert b furman who wrote (10712 ) 9/29/2010 11:25:06 PM From: Wayners 2 Recommendations Read Replies (1) | Respond to Their sole job is to run up debt and they are the perfectly chosen stepford wives to do so. Sure Republicans ran up short term incredible debts for wars and the like, but the Democrats job was to pass legislation that would cost every future generation 10x the GDP of this country, the REAL structural deficits! What was the cost of say Korea, or Vietnam or Iraq compared to FDR and LBJ passing Social Security and Medicare as ponzi schemes? What is 70 trillion in unfunded liabilities divided by 2 trillion for wars? Wait LBJ started the Vietnam war too and his Democrat Congress! What's the final outcome. Well let's go to pretend land for a minute. Let's first assume the U.S. Govt finally can't pay it's debts, maybe the Bernanke Helicopter Drop Team and Plunge Protection Teams fail, then who holds all the Govt bill, notes and bonds. Well sure foreigners own a bunch and U.S. citizens own a bunch, but who is the Senior holder? I bet it is the Federal Reserve and thus the Private Banking System of member banks to the Federal Reserve System. Can the Senior Holder cancel all the other holders of U.S. debt? YOU ARE DAMN RIGHT THEY CAN. What if they said, no, not interested in refinancing or some kind of werido chapter 11 bankruptcy, WE WANT ALL YOUR ASSETS, YOUR POWER, WE OWN YOU AND ALL TAXPAYERS LOCK STOCK AND BARREL AND BY THE WAY, THE BORDERS ARE NOW CLOSED UNTIL YOU PAY UP BECAUSE THE VALUE OF YELLOWSTONE PARK AND FEDERAL LAND IN ALASKA ISN'T WHAT IS USED TO BE AND WHAT YOU HAVE ISN'T ENOUGH! WE WANT WHAT EVERY U.S. CITIZEN OWNS AND WE WILL BE CONFISCATING ALL PRIVATE PROPERTY TO FORCE PAYMENT OF THE DEBTS OWED. Hmmmmmm.
