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darkbake
reply to post by Nyiah
If we hit the debt ceiling, it's game over. I recommend getting a job today if you don't have one, before everyone else is forced to and it's impossible to get one.
Also, stock up on food, water and gas.
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I know a lot of people that are already using their back-up plans to survive, meanwhile, like living with family or on government assistance.
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I am not entirely sure, but I am guessing if government workers are out of work, we hit the debt ceiling and people don't get their social security checks and disability checks, while meanwhile other countries aren't getting paid their loan payments, that could smash the economy.
edit on 3-10-2013 by darkbake because: (no reason given)
trex1980
reply to post by crazyewok
according to real stats , the U-6 it is really 25% unemployement , u-3 counts only people collecting UI checks my friend ,once you drop off the ui payroll you dont count no more on u-3 . u-6 is never reported in mainstream because it shows just how grim it really is out there
crazyewok
trex1980
reply to post by crazyewok
according to real stats , the U-6 it is really 25% unemployement , u-3 counts only people collecting UI checks my friend ,once you drop off the ui payroll you dont count no more on u-3 . u-6 is never reported in mainstream because it shows just how grim it really is out there
And if youd defualt then it will get even worse.
Make the UK look like the land of oppuntinty with those figures.
5 years time mexico will have to secure its borders so all you Americans dont start flooding in
crazyewok
If the USA defaults you will have the great depression the sequal. You will be looking at 20%+ unemployment at least.
Sestias
reply to post by matafuchs
It's the Republicans who are shutting down the government, not the POTUS. Don't be a dork. I swear some people on here would blame Obama if a meteor struck earth.
resident Obama has visited the Navy-run presidential retreat Camp David in central Maryland only 32 times, but it is being kept open during the government shutdown for his entertainment and security at the same time the Pentagon is cutting sports coverage to hundreds of thousands of troops around the world.
A phone call to the retreat found it open, confirming a TMZ report.
Camp David is one of the most highly secure areas in the nation and provides the president with a safe haven. The president has been known to shoot skeet at Camp David, which he most recently used for his 52nd birthday, according to CBS White House Correspondent Mark Knoller.
Obama has spent just 78 days at the retreat, choosing instead to spend his weekends in Washington and hitting military golf courses, which are also being kept open during the government shutdown.
In the meantime, overseas troops who typically look forward to watching NFL games and the baseball playoffs provided by the Armed Forces Network, will get little if any service due to the shutdown. A notice on the AFN page reads:
Bob Sholtz
reply to post by crazyewok
it is time for you to realize something: the future you described is certain if nothing is done to reign in spending. raising the debt ceiling isn't some magic fix, as it is something that NEVER should have been reached. it's like the government of japan after fukushima "the water's radioactivity exceeds our legal restrictions, so we're going to increase the legal restrictions because that will fix it."
raising the debt ceiling in the manner that obama et al wish is no different than a person trying to pay off their debts by incurring more debts. it. won't. work.
there are two realistic choices:
1. keep raising the debt ceiling without any workable plans to start reducing our debt, NOT just the deficit. this will eventually cause us to go bankrupt and the economy will collapse.
2. refuse to raise the debt ceiling until a workable plan for reducing our debt is developed and implemented. no more "let's raise it, and then we'll work on a plan" because that's what everyone says and it never happens.
where the first choice is a certain economic collapse, the second choice would get us started on the right economic path.