Long-time readers know that I'm an optimist. I always look on the bright side of things, even when -- ESPECIALLY when they look the bleakest.
But in the unlikely event that the Dems get a big mid-term win with this naked vote grab, it will be the end of the United States of America as we know it.
Hyperbole?
No.
If the dems set this nuclear bomb for maximum effect, actually push the button, and pull a win out of it, it will mean several things;
1. Private Debt is now Public Debt
Lie, cheat, and steal to get into a loan, and say you can't pay it back. If you bitch loudly enough, someone will take care of it. Get more credit cards, and run 'em up to the moon! Make the minimum payment until you get bailed out! No consequences! Free money forever!
2. Income levels will drop
With the additional bailouts, and the follow up bailouts after people realize #1 is in effect, someone will have to be left holding the bill. It'll be businesses, and people who pay taxes. So people will either stop paying taxes, or get "laid off," go on the dole the like all the other looters, and take money under the table to maintain their lifestyle. Officially, income levels will drop, and joblessness will rise. Can't tax what you can't see on a W2.
3. Free loans until doomsday
Depending on the level of planning and acceptable risk level of their leadership, most lenders will figure out the implications of #1 pretty quickly, and open up their loans to anyone and everyone at high interest rates, so as to make another insurmountably large mountain of bad debt, so the government would HAVE to print more money to bail them out again! They'll take their bailouts, and either plan on leaving America, or squirrel it all away until doomsday.
4. Absolute Power until doomsday
Once the Dems get the confirmation that all the masses need are Bread and Circuses, they will print like they've never printed before in order to keep the ball rolling. Why they hell wouldn't they? In fact, it wouldn't surprise me if in the middle of this realization, they simply invoke emergency powers, and take dictatorial control. Who would stop them? Everyone's too busy eating their bread, and looking at the lions jump through the hoops. Dems will be in charge of the Former United States of America until doomsday.
5. Doomsday
No, not that Doomsday, the Doomsday when the international bubble bursts under the dollar, and the entire country crashes down to reality. You thought the great depression sucked? Get ready for The Final Depression.
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2 comments:
I wish I hadn't paid off my mortgage years ago. If the Dems pull this stunt everyone with a mortgage should apply for the debt forgiveness just to overwhelm the system to the point of catastrophic failure. It's no longer a matter of if but when the country suffers a total financial collapse, so it might as well happen on the watch of those who are primarily responsible for it.
My sister's in such a predicament since she's been unable to find sufficient work. What many people don't understand who might support this decision out of personal greed, is that if she (or they) loses her house she still loses her house, even forgiving the debt won't help - you're screwed either way under Argentina Rules.
You can make all the free loans to Gooberville but they still require re-payments, and the banks will be busy-busy-busy trying to get theirs. That's when the real Snidley Whiplash comes out on the scene twirling his mustache - or in this modern era, his gold necklace-chain... Yo' Snidley my man!
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