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Updated on August 1, 2011

The Furture Economy - "Too big to fail"

We seem to have unlimited choices

When the "GOVERNMENT" and "PUBLIC SERVANTS" saleries and benefits are bigger than those who are able and or willing to support it.It's time to downsize.

1.Raise the debt limit and continue to spend money we can't pay back ,except through devaluing the dollar through Inflation.Paying back loans with Inflated dollars that are worthless than they would be otherwise.This approach is dishonest as it appears to fix the problem of spending money we don't have by paying loans back with Inflated currency that is in reality less valuable.

That's like asking a friend to loan you money so you can pay him back wheather or not you have enough money coming in order to pay him back,and you aren't willing or able to cut back if you can in order to do so.

2.Raise the debt limit and cut spending and or raise taxes in order to pay down the debt and limit future payments to a sustainable level.A level tied to how well the economy is doing realistically.

3.Raise the debt limit in order to pay current obligations, continue spending at the same level on current and new projects and raise taxes to pay for current and future obligations.Of these three choices ,this is the least desirable.

4.Default on the debt, cut spending because of bankruptcy and reorganise spending priorities - In other words go to a lower standard of living.Also ,called a downward spiral in the economy which could trigger more home as well as business loan defaults as a result.

This fourth approach doesn't seem desirable because of the pain it would inflict on the banks and borrowers who made and recieved bad loans ,because of inept or fraudulent lenders who stood to make commissions on those bad loans because of poor regulators and the planned elimination of former "regulations" on those who are either pressured into allowing those loans or outright bribery or blackmail by those loan originators to have the regulators approve what they were doing.Practically no one involved has clean hands and so practically no one goes to jail or gets fired.On the contrary wallstreet financial market Investors get paid off ,bailed out or whatever term you want to use to keep "them" solvent.The Hedge fund managers get billions in bonusesYet,the banksters aren't willing to rewrite the vast majority of these bad loans in return for being bailed out which likely will cause more defaults in the near future.

"There's something rotten going on in "Denmark".

I've become Interested in REVERSE SPEECH for at least two years now and as a result of some experimenting with reverse speech using wordpad and audio sofftware to record text narrator microsoft sam which came with Windows Xp I have recorded more than a few text to speech reversals on my computer.Te first one was the reversal of the text "REVERSE SPEECH" which came out sounding like "It's a neat server". Which surprised me since I didn't know what to expect to hear.That first reversal woke me up to the possibilities with text reversals and I've come up with quite a few text to speech reversals since then.Some of Government related agencies such as the federal reserve,Democrats,Republicans,world governmetal philisophical Idea's .Like socialism,communism,marxism,naziism,fasism,capitalism


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    • someonewhoknows profile image

      someonewhoknows 6 years ago from south and west of canada,north of ohio

      To some extent I agree with a resouce based economy.

      Those who work to increase or find ways to reuse those resources more effectively desrve to benefit from their efforts by recieving something in return for their extra efforts in providing all of us the fruits of their extra labors.

      Even so we must still realise that we cannot allow even those who benefit more use it to somehow take control over the rest of us by being allowed to use their superior ability in a particular field to influence the rest of us to the detriment of the peoples freedoms.

    • nextstopjupiter profile image

      nextstopjupiter 6 years ago from here, there and everywhere

      The best solution to solve the problem is to replace the money/profit based economy by a resource based economy.

    • someonewhoknows profile image

      someonewhoknows 6 years ago from south and west of canada,north of ohio

      It's been said that the first step to solving a problem is to recognize their is a problem.

    • Christopher Dapo profile image

      Christopher Dapo and S. 6 years ago from Havelock, NC

      Interesting story on the subject, question is, what is really left to do? Moving around a mound that technically isn't even there seems to be the same debate over and over again. The suggestions seem relevant only because there's nobody thinking outside the proverbial box. I don't see much difference from voting between "not right official A" and "not right official B" which, not so coincidentally seems to be the same conclusion everyone has - the right choice doesn't exist - not for a budget, not for a representative, not even one for a leader figure.

      The real decision here is - Do we choose one of the wrong answers that sound best or do we decide to figure out a real right answer.

      - Christopher