7 votes

Question: Would it be best to let Congress Bankrupt the U.S. and get started on a rebuild?

Congress isn't going to quit spending money the U.S. doesn't have.
So the quicker the US goes bankrupt the sooner we can rebuild.
What do you think?

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Yes please. But...

I'd love for the US to go bankrupt, AS LONG AS it didn't try to rebuild with the same boundaries, and the same political ruling class in Washington DC. The US needs to go through some sort of balkanization. I'm not sure how it should be subdivided: 10 new territories? the 50 original states? or 300 new states? I dunno. But, I do know that the power in DC NEEDS to be broken up COMPLETELY, and government needs to become more localized.

I think that I'd prefer the nation to be split up into 300 small states, with many of them (but not all, or even most of them) joining together for mutual support; kinda like turning the US into a bunch of smaller US's.

meekandmild's picture

Interesting

Too bad we can't do away with the US government. The states could keep a military or militia for defense.

Congress is a bunch of puppet pigs who self enrich and do as

they are told. The intentional financial collapse will not be the fault of the puppet pigs. Even you asking such a question means to me you did not trail the money/false debt past congress.

You talk of the tail wagging the dog. That makes no sense.

Look to the owners of the false compounding counterfeit national debt scam have planned and are carrying out said plan.

If you don't know the name perhaps you need to do some more research.

sovereign

NO!!

Look at history and you get a good idea of what happens as a country gets closer and closer to bankruptcy...

Rome, Germany (Hitler), Argentina (current), Venezuela (current), USA (FDR)

Financial problems are a populist governments wet dream. A populist government, usually socialist, will promise everything to their people. Because people are desperate, they quickly believe any sign of hope. The leaders in power put fault on not being able to achieve what they promised because others have prevented them from doing so. An enemy is created which rallies the population, creating a nationalistic society. The leaders, controlling the means of production directly or through taxation, also are able to control the masses. Elections are easily won, or simply rigged. Before long, the leader is a dictator.

It is very rare that a country will come out of financial collapse freer. The USA went through much much worse times in its past. It does have the ability to recover, to have freedom return. A financial collapse today would probably mean the end of the USA; I hope it does not happen.

You're wrong

We are not free without SOUND MONEY, meaning gold/silver.

It's just as important to be economically free.

Until that happens the phony funny money is simply used to cut down on American freedom until none is left, through undeclared wars, "terrorist" safety lock down, mass surveillance, loss of due process/habeas corpus etc.

We can't return to sound money until the dollar loses the monopoly it has on America and the world.

bankrupt the USA? ...you mean the FED

com'n get behind the new movement! QE Absolute! The FED buys ALL the debt and then we consider them a bankrupt private corporation and

POOF!

NO MORE DEBT!

isn't that what already happened? Everyone just can't believe NO ONE did anything about it. So finish the job. It isn't like the USD will be backed by anything other than it was.

Better or worse, there is nothing we can do to prevent this

outcome. Start focusing on local and state offices so that the collapse will not be so catastrophic. Pursue a policy of "rational de-linkage" from the sinking federal ship of state. http://www.amazon.com/Localism-A-Philosophy-Government-ebook...

Localism is for people who can still sleep at night even though somebody they don't know in a city they have never been is doing things differently. ("Localism, A Philosophy of Government" on Amazon for Kindle or Barnes and Noble ebook websites)

The creditors will send the repo men.

will Congress turn over the keys to our stuff. The military equipment is in place from sea to shining sea.

If government was shut down it would take a decade to pay Congress' debts, if they created no more.

Perhaps if the States passed an amendment prohibiting Congress from borrowing we could save this nation.

Free includes debt-free!

Congress is like a prison guard

Prison guards can only run a prison until the prisoners decide the guards can't run the prison any longer.

Prisoners allow the guards to run the prison.

Why Are Prison Riots Declining While Prison Populations Explode?
http://www.theatlantic.com/magazine/archive/2013/12/have-a-s...
http://cdn.theatlantic.com/static/newsroom/img/2013/11/08/riot/lead.jpg?n0si1b

Yes

Yes

Séamusín

When would they ever

admit that we were bankrupt?

Maybe but

If congress still possesses the same power, then what would stop them from repeating past folly.

They claim unlimited power of taxation, unlimited power of borrowing, and unlimited power of spending. That cannot be a good thing...

meekandmild's picture

Yes

We would have to get a balance budget amendment. And refuse to elect/re-elect big spending Congress critters.

why leave it to the benevolence of an indvidual

How does it serve you to allow these men to have such incredible power?

empower them to manage certain infrastructure and divest them of all power to touch our private affairs.

Absolutely. Will be bad but

Absolutely. Will be bad but better bad now than worse later.

meekandmild's picture

Thats what I think

the sooner the U.S. goes under, the sooner and quicker the resurrection.

This huge monstrosity of a

This huge monstrosity of a train wreck is not going to happen overnight. It may take years.

The US can't exactly run out

The US can't exactly run out of money. We print the currency. It would be like the saying that the banker in monopoly can run out of money, when the rules clearly states that the banker can simply make more money.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Thank you

Mr. Greenspan

meekandmild's picture

True

But when countries like the BRIC nations. say they aren't going to accept the US $. And we see more and more people in the US who are stockpiling necessary commodities in case of a collapse as well as using other forms of payment such as Gold, Silver, digital currencies, barter, the U.S. $ will be used as TP.
So maybe They can print it, but more and more are not accepting the $.

Why wouldn't they accept the

Why wouldn't they accept the US dollar? After all, they are still very much in the business of selling stuff to Americans.

Plus, with US dollars, they can buy US debt, which apparently is one of the most valuable investments judging by the demand for it.

In terms of your average American...don't forget, that at the end of the day, the US government requires taxes to be paid in dollars. That the American private sector has debt, denominated in dollars, of which dollars are the acceptable tender to erase that debt. Last of all, the dollar is legal tender...

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

The Roman senate is a window into our future.

So long as prestige and even tiny shreds of authority remain, Congress will continue to convene, just as the Roman Senate did for centuries after it became irrelevant.

As debt piles up, and the federal government increasingly becomes a functionless burden on society, other, more functional institutions will take its place. Possibly Walmart, or major oil companies will shell out to maintain roads and infrastructure for their businesses and workers. Foreign countries will administer various zones where state governments collapsed under their own weight. Lack of funding will ensure de-facto nullification in remote areas, and there will be self-rule.

As Congress loses actual power, they will yell increasingly louder, wrap themselves in ever-more absurd titles and expand their stated authority, until they become a fancy rotary club whose budget covers their meetings. The Capitol building will deteriorate and "elected officials" will increasingly find other, more valuable things to do with their time.

The final session of the US Congress will be a twenty minute teleconference between three senators. Someone's call will drop, and he won't dial back in. The other two will say their goodbyes.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

Sounds like a movie..

.

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

wishful thinking

:)