Joyeb

The U.S. Debt Quandary

A very realistic situation and painful remedy.


On Dec 03 07:33 AM paultaut wrote:

> Our's is a Service Economy supplemented by the farming sector. The
> Manufacturing base of the 60's and 70's has long departed.
>
> There is no manufacturing base to save. An assembly line is not a
> manufacturing facility. The parts suppliers get their parts from
> external facilities imported into the US, primarily.
>
> I say: Issue as much Debt as quickly as possible before anyone has
> time to react. Buy foreign debt, for future use as collateral. Rebuild
> the Manufacturing base. Let the dollar collapse to let us repay with
> crap. Get the people to buy American by imposing 100% tariffs on
> all imports except oil and other commodities needed by our Manufacturing
> base.
>
> Do all at the same time as rebuilding the infrastructure with Solar
> and CNG facilities along the way.
>
> Yeah, Yeah, he's off his his Rocker. Just wishful wishing on my part.
> Its early in the morning, maybe i'm still dreaming.