pan6467

This is just the beginning. Our country is in far far over its head in debt and the time is coming to pay it.

The problem is a vast majority acquired that debt making higher wages than they do now, so payment is even that much harder.

Is this a sad day?

YES and the beginning of many more.

Is this a GOP way to make the rich richer?

Some can look at it that way, but in the end when the middle class can't afford to pay their debts AND be able to maintain the lifestyle crucial to our economy or barely even make a living, the rich will suffer also..... so short term gains will prove to be long term losses for the rich that benefit today.

Is there a way to avoid this?

NO, impossible, again I stress, the debt (consumer debt, trade deficits, Federal defits, corporation defits from mergers, leveraged buyouts etc.) is far too high to do anything about.

What can be done to save us?

Well this is where the party politics differ:

the GOP leadership realize:

- that the poorer the people the more religious they become, this benefits their religious right benefactors so there's benefits
- the rich short term profit as they can buy up land at Sheriff's auctions dirt cheap
- they can blame all this on masses but allow individuals to believe it was everyone else
- if they keep cutting taxes on the rich and cutting social programs, the masses become indentured making almost slave wages, the short term is great for the rich

the Dem. leadership realizes:

- wages must be increased and the threat of inflation is bullshit because CEO's and upper management make far more than they ever have in the past
- social programs and education are needed to develop a more intelligent work base that can again be the best and most innovative
- tax bases can be increased by tariffs, finding ways to keep factories here and regulating imports and small business loans to keep business growth up.
- universal healthcare, so that the medical debt (which is extremely high and probably our worst enemy) can be eliminated. The scare tactics that it would decrease the effectiveness of care, that it would take away the pharmaceuticals incentives to develop drugs and all the other GOP propaganda would be far outweighed by the fact that companies could free up that benefit monies to pay workers more, workers would be able to spend/ save/ lower debt more because they wouldn't have outrageous insurance, medical and prescription bills to worry about.

Then there is the growing in support solution to just erase all debt as a country and start over, however beautiful that may sound there would be problems (such as other countries forgiving our debt

Finally, there is the NEW WORLD ORDER conspiracists viewpoint and while their ends are whacky, this may very well be the best solution for the world to keep it out of depression and war.

- This solution would be for everyone to start over ALL DEBT forgiven and 1 world currency, 1 world minimum wage and 1 world trade. While countries would remain sovereign as to their laws and customs the economics would be based on every country producing and consuming.

I think no matter how we look at it the end of society as we know it today is and has to come to a fast ending sooner rather than later. The debts are too high and payment is coming due.

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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"