Linked by David Adams on Fri 29th Jul 2011 03:15 UTC
In the News Apple is now more liquid than the United States government, the Financial Post reports. As the government struggles to resolve the debt ceiling debate, the operating balance in Washington is at US$73.768 billion and falling. Meanwhile, Apple has US$75.876 billion.
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Just go ahead and default...
by backdoc on Fri 29th Jul 2011 16:16 UTC
backdoc
Member since:
2006-01-14

I am a US Citizen. And, I think our government must live within its means the same way that many of my fellow citizens do.

I don't want the US to default. But, I'd rather default than to keep the status quo.

Republicans and Democrats both like to spend money to keep their voters and supporters happy. Republicans want to keep large corporations happy so they will fund their campaigns. Democrats want to shell out money to individuals. It gripes me that the individuals the democrats give money to can afford drugs, alcohol, cigarettes, new cars, 6 kids and cell phones. Corporate welfare gripes me just the same. Both waste money.

I want fiscal sanity to prevail. That's why I will be supporting candidates for all offices (from local to national) that put fiscal responsibility above all else.

And, when we start cutting spending, let's start with the wasteful dollars thrown at corporations and individuals who arecapable of working, but choose to live in poverty because it's free. Let's eliminate these wastes before we start cutting into medicare and social security.

Yes. There will be pain. But, we can't keep going like we are going. At some point, somebody is going to have to have the gonads to say, "No more wasteful spending!".

Edited 2011-07-29 16:17 UTC

Reply Score: 4