The timebomb...

[Horse]

I agree with the credit situation thats how all the large enterprizes manage to survive . How many could pay off all thier debts and still remain solovent?Bigger is not always better.
Spoken from some one with lower testicular fortitude but at least they are all mine and payed for.

[hedgehog]

britain is in a similiar mess, and hasnt had a socialist govt for 33 yrs.

[errolanderson]

hedgehog . . . It's great to have you on
this thread. What's the mood in Scotland?

Are you seeing inflation or deflation in
your marketplace?

[Fransisco]

Oh please, Britain has never not had socialists in government. Even Maggie Thatcher and Churchill couldn't keep them out of their respective parties.

[Fransisco]

Here is an example of the kind of genius's that causes the problem.

http://www.autoblog.com/2012/04/25/hundreds-of-5-year-old-municipal-vehicles-found-in-miami-that-we/?ncid=txtlnkwbauto00000002

[Farmkid1]

I agree with Errol, the US could tax their way out of this in a hurry. What if instead of GST (or in addition to) they just taxed the luxury items...such as booze, cigarettes etc. As much as it drives me crazy when I am down south and I buy a bottle of wine for $6 that I spend $22 on here (both Austrailian), it makes sense that they could handle a little tax on some of those items. With 300 million people it wouldn't take long....just thinking out loud.

[Fransisco]

I know how to solve the problem! Just EAT THE RICH.

Oh wait...

[cottonpicken]

Short term deflationary scare is showing up,long term
i see inflation,goods and services will not be
cheaper,that would take responsible government.

Savers and pensioners and fixed income have been
kicked in the teeth for the past decade,some seem
oblivious to the fact.

All that money i borrowed 15 years ago to buy
land,didn't hurt my balance sheet,nor the money to
buy equipment that is still worth the same,all the
while keeping the tax man at bay through
depreciation.

Little point in arguing about what has already
happened.

Its not a doomsday chart,its cost push inflation due to
currency destruction.

Its happened hundreds of times in hundreds of places

socialism run a mock.

Its not the end of the world,its a restructuring,greece
is not the preview like that guy says,its japan.

What actually ends up happening,nobody knows,but
you can't be flippant and say "cotton picker donts
knows what hims talkin bout,hes a drooling in da
soup"

Showing up to an argument with no fact,logic or
thought,makes you NOT me look like an idiot.

[Fransisco]

The problem isn't tax's its <b>SPENDING!</b>

[grassfarmer]

"Oh please, Britain has never not had socialists in
government. Even Maggie Thatcher and Churchill
couldn't keep them out of their respective parties."

Proving once again you have no clue what socialist
means.