The USA Has Just Qualified For A New Credit Card

The White House supposedly reached a debt deal late Sunday night. The deal involves a debt ceiling hike (no surprise) no tax increases, and $2 trillion in spending cuts over the next ten years (though Obama stressed they would not occur so as to damage the US economy).

In other words, the US Government kicked the can down the road a little further. Judging from the worsening economic data in the US, the can won't be going far this time around.

To use as simple an analogy as possible, what has happened is that the government has got themselves yet another credit card. They will use it to continue making interest only payments to our creditors.

What happens when this new card is maxed out? The new card will still want their interest payments, so what then? Get another card? Sure, if they can. Eventually, that will be impossible. Then, when the fall does come, as it surely will, it will be an even bigger disaster.

What the hell is Obama thinking? Perhaps he's hoping to put it off until he's out of office. That way, when the big fall happens, it will be the new guy's responsibility. After all, he'll say he did everything he could, as long as he was in office, and was successful. The disaster came AFTER he left, so it's not his fault. NOT IN MY OPINION BARRY! You have a chance to end it now! TAKE IT!

What is this chance I speak of? Simple: Just give those creditors the bird. Just default. I for one fail to understand the problem. Or am I just dense? Like I've previously said, what could China et al do about it? Sue us? In what court? The world court? I for one do not recognise their jurisdiction over this country. Even if our creditors won, with what army will the World Court enforce their judgement with? Even if they could, America is still China's number one customer. Without us buying their cheap, plastic crap, they'd go belly up too.

As to a military solution, we still out gun them. Besides, China isn't that much better off than us. They've borrowed, lent, and leveraged themselves almost as much as we have, so a war with us would bankrupt them.

If this country went National Socialist, there is no way China would get paid. After all, Hitler stopped all World War I reparation payments while he was in power. We could do likewise.

All the current administration is doing is digging us a deeper grave. The financial end IS coming. The only question is: When. I say the sooner it comes the better. The sooner everything collapses, as we know it will, the sooner we can start rebuilding. Hopefully, by that time, the ANP can help the reconstruction in a better way - the only way. That way is National Socialism. HAIL VICTORY!

Dan 88!