Posted: 7/8/2009 10:37:03 PM EDT
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At what point is US Debt > US capital assets? Is that the breaking point for an economic system and/or country? |
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Quoted: Quoted: Quoted: I think we are past that point, particularly if you factor in money owed from SS and Medicare. What do you consider to be the US's capital? Just what the fed owns, or everything in the states as well? Everything Is there any precedent legal or otherwise for a state to take action against the federal government? |
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I think we are past that point, particularly if you factor in money owed from SS and Medicare. What do you consider to be the US's capital? Just what the fed owns, or everything in the states as well? Everything Is there any precedent legal or otherwise for a state to take action against the federal government? I think you are seeing it now with some states getting behind the sovereignty movements, however thanks to 17th Amendment, States have no official representation. |
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Quoted: Quoted: Quoted: Quoted: Quoted: I think we are past that point, particularly if you factor in money owed from SS and Medicare. What do you consider to be the US's capital? Just what the fed owns, or everything in the states as well? Everything Is there any precedent legal or otherwise for a state to take action against the federal government? I think you are seeing it now with some states getting behind the sovereignty movements, however thanks to 17th Amendment, States have no official representation. I'm thinking about what Komifornia did with their IOU's. I know the federal gov't already sells bonds to states, how long until they start issuing IOU's? Is there any chance 17A could be amended? And why the fuck did states delegate so much power to the federal government such that they have no checks and balances? Do you think we could see the State of Indiana (or any state for that matter) vs the United States in a federal court contesting the validity of certain applications of 17A? |