View Single Post
  #43   Report Post  
posted to rec.boats
[email protected] gfretwell@aol.com is offline
external usenet poster
 
First recorded activity by BoatBanter: Jul 2007
Posts: 36,387
Default The real world...

On Wed, 4 Nov 2015 13:30:53 -0500, Keyser Söze wrote:

Ahh, life in the libertarian bubble...don't do anything.


Are you just acting like you are obtuse or is it a reading
comprehension problem?
My point is the clear and present danger is not some theory about what
may happen in 100 years but a real debt problem that could affect the
whole world tomorrow.
Just look at how fast the markets crashed over a little dip in housing
prices. Within a couple of months, the banks didn't even think the
houses they were using for collateral were valuable enough to
foreclose on. The government's plan was to simply print more money to
cover the debt the bailout created.
I understand people like you see no problem with that but it is going
to blow up on all of us eventually.
The fact remains that the US is buried in debt and the left's answer
is to simply lift our credit limit without actually showing any
increase in income. That is exactly what caused the housing crash.


So, your solution for global warming is to adapt ourselves to a hotter
world (in other words, do nothing), and worry about the debt problem,
instead. I get it.

Is it unreasonable to worry about the imminent thing we can change and
plan to adapt to the thing we can't change.

In the short term, I'd be more worried about the decline of the middle
class in this country and the lack of upper mobility for those in the
lowest income levels. I think we'll have a violent revolution long
before the world roasts us alive or debt buries us.


Nothing would crush the middle class faster than an economic collapse.
Just another recession like we had in 2009 would be a disaster since
the government has pretty much emptied their gun.


Oh, increase in income. Yes, that would be nice. What's your proposal
for that? Get rid of environmental and food safety regs?


Where do you think the money will come from? Are you just going to
print some more?
When all of this shakes out, we will end up with Jimmy Carter style
"stagflation" where prices go up and income is still flat. There are
plenty of people (including Bernie) who say the middle class is still
reeling from that.