Uncle Sam is a Subprime Deadbeat - Comments Page 2

Part of: The View From Abroad

The United States’ government is broke, propped up only by a cabal of legal counterfeiters.

As of this month, California is insolvent. It does not have enough money to pay its bills and has resorted to covering its expenses by issuing IOUs to creditors. Washington is also insolvent. It has been for a long time, since at least 1971, when Richard Nixon defaulted on America’s debts by closing the gold window to foreign creditors. The only difference between the two entities of course, is that Washington can simply print more money, as much as it needs and then some, to keep the federal gravy train also known as the welfare/warfare state rolling. California cannot. Any way you look at it, both California and Uncle Sam are in the same boat and it’s headed for the poor house.…
Read comments below, or read this article from the beginning.

Article comments

  • 26 - Bliffle

    Jul 16, 2009 at 6:27 pm

    And in order for the Grover Nyquist suborned CA repubs to keep handing out expensive tax favors to, among others, high-paid corrections officers and major US corporations, they have to ILLEGALLY take money from CA education funds (which are required by state law to be at certain levels) .

    Grover Norquist isn't even a California resident!

    But he has a LOT of lobbyist money behind him and he can reach out across the country to suborn politicians. Even the mighty Terminator kneels to his power.

    Having broken STATE law by cutting the CA schools budgets, these bozos are now breaking federal law by cutting salaries of many university profs who are on federal development contracts within which their pay is contractually set and the money PAID by the federal agency. Thus, they are stealing federal education money to support predation by the repubs favorite corporations and corrections officers (among others).

    Fortunately, some of that illegal activity (felonious violation Federal contracts and misappropriation of funds) has been detected and acted on by some of the smarter UC profs (i.e., the ones in the science and engineering schools) and frustrated the administration in it's thievery.

    Wake up folks! Stop believing the lies and propaganda that is endlessly put out by the purchased and dominated misinformation outlets in the newspapers, on TV and on the internet. Talk to people who really know, who have daily acquaintance with this stuff.

    You've got to go to primary sources.

    Don't believe me. Talk to a CA real estate lawyer and probe him hard on Prop 13. The first response he gives you will undoubtedly be the candy-coated lies that they always put out to the public. Because those lies benefit THEM!

  • 27 - Clavos

    Jul 16, 2009 at 6:44 pm

    It's demonstrative of the poor scholarship and incurious lack of inspection that 4 days went by with NO BC commentor picking up the mistake.

    Maybe.

    Or maybe it's demonstrative of a lack of interest in reading your comments.

  • 28 - Bliffle

    Jul 16, 2009 at 10:10 pm

    You seem to have been interested, why didn't YOU pick it up?

Add your comment, speak your mind

Personal attacks are NOT allowed.
Please read our comment policy.
Please preview your comment.

blogcritics lists for Nov 23, 2009

fresh articles Most recent articles site-wide

fresh comments Most recent comments site-wide

most comments Most comments in 24hrs

top writers Most prolific Blogcritics for October

top commenters Most prolific Commenters in 24 hrs