What IF the USA Goes bankrupt?

I can spend more on credit cards than I can support paying only the interest on the outstanding debt. So can the US Government; Obama & the Congress, the States & Municipalities are close to achieved that goal without even increasing the income via taxes. In fact, they could spend enough that not even the next generation could pay enough so that credit would loosen up for anyone. That would mean that there is nothing the government could spend to entice the voters to vote for them. It would also mark the end of the bread & circuses.

Nobody would be pleased!

Nobody would be able to run for office since there would be nothing to give away. The advanced auction of stolen goods would be closed.
What then?

At that point the revolution must inevitably begin.

RS stated that one of the bad things about credit is that the debtor continues to have to pay off the debt long after the value of the product has ceased to exist.

IMHO, I want to applaud the current regime in the US for bringing on the revolution sooner rather than later. Now, lets get down to business, change our pants; the holy shit haven taken place there & get down to economics that really work. Lets try some threefoldness.

Comments

Mark de LA says

... &

- Another way of looking at it is that right now the Donkeys (asses) are in power but the Elephants (fat asses) want back in! We need 3 dimensions - with the new one perpendicular to both of the old ones.

Seth says

source: M above
We need 3 dimensions - with the new one perpendicular to both of the old ones.

C says

In electricity the 3 perpendicular directions show the relationship between forces

& it looks like this:

In politics the thumb (salt direction) can be Equality; the index finger can be Liberty (quicksilver direction); & the middle finger can be Fraternity (the sulfur direction).

I use the alchemical directions of space because they fit most easily the triads:

Q	J	X
salt	quicksilver	sulfur
thought	feeling	will
spirit	soul	body
form	life	consciousness
past	present	future
melody	harmony	rhythm
measure	weight	number
spiritual	psychic	somatic
equality	liberty	fraternity
up/down	forward/back	left/right

also faith, hope & charity

C says

Someday I will make a logo out of it or a secret handshake !

Mark de LA says

I have been arguing for the threefold society which gets the government out of the economy & money business, and money out of the rights (laws, lawgiving & lawyers) & money out of the medical business (health care, healing & medicine). We don't need to have a society full of the best politicians, lawyers & medicine that only a few can afford or buy.

I am also seeing that there is the 4th estate in which publicity, elections, information & opinions are the best that money can buy. What a shame, because that affects all the rest.

What IF the USA Goes bankrupt?

Tags

Comments

See Also