Hurricane Irma is now much less than 12-Hours away from Slamming Florida, a good chunk of Georgia, and some of the Gulf States too, which, if the WORST HAPPENS, could cause so much damage, especially to Florida, that it could Cost in the MANY HUNDREDS OF BILLONS OF DOLLARS – which in itself would be the Second Disaster after the Loss of Human Life, Animal Life, Agriculture, Business, Infrastructure . . . ETC IN FLORIDA.
Now Couple That To The Two Hundred Billion Texas Debacle.
THAT’S THE RUB . . . When you OWE Far More Money than you can pay back – WHAT DO YOU DO WHEN THE WORST HAPPENS . . . And You Need Some Cash Reserves?
1-Million Dollars is One Thousand-Thousand Dollars.
1-Billion Dollars is One Thousand-Million Dollars.
1–Trillion Dollars is One THOUSAND-BILLION Dollars.
AND AS IT STANDS TODAY . . . Here & Now, the American Federal Government OWES AT THE VERY LEAST – TWENTY-THOUSAND BILLION DOLLARS – which to me is Inconceivable & Incomprehensible.
And that DOESN’T INCLUDE the Combined TRILLIONS of Dollars Owed by Villages, Towns, Cities & States . . . Let Alone Personal Debts.
AND THEN THERE’S THE 800-POUND GORILLA IN THE ROOM – Public Sector Pensions . . . which in itself, and all by itself, is in the Many TRILLIONS OF DOLLARS, which NO ONE IN THE KNOW WANTS TO TALK ABOUT . . . Least Of All Admit.
AND IN ALL TRUTH – How can anyone really believe that the Federal DEBT is “ONLY” 20-TRILLION DOLLARS, since Lying to the People is the Government’s Stock-In-Trade?
PS – Canada, EU, China, Russia, South America Are Not Much Better Off.
1 – It seems to me that President Trump’s PROMISE to Lower Taxes is going to be a far different Deal than what he had planned, since the DEBT caused by these Unforeseen Weather Calamities is without question going to go Over-The-Top.
Also . . . What about the Enormous and Unaccounted Amount of HUNDREDS OF BILLIONS OF DOLLARS, which have also been thrown into the National DEBT, by the ABSOLUTE Need to Fully Refurbish every Segment of the American Military?
2 – The US Government could Cut Back on many of the Entitlements and Federal Services, which they used, with which to buy Votes over the Generations, which will not go over well Politically with the Something-For-Nothing Bunch, which might have to happen anyway out of Necessity.
3 – Texas & Florida have ZERO State Taxes . . . that might have to change.
4 – Perhaps Washington might have to consider a Federal GST, Goods & Services Sales Tax, as is charged for example throughout Canada. Or a VAT Tax (Value Added Tax), which is a Federal Tax Charged throughout much of the World.
5 – America can Sell MORE Bonds, but to whom, since, outside of the Oil Arabs, and some Moslem Oil Rich Asian Countries, which other country has any Money?
And besides, how much of America and American Sovereignty is Washington and the American People willing to sell.
6 – America can Borrow More Money, but again, from whom outside of some of the Oil Producing Countries?
7 – OR AMERICA CAN PRINT MORE MONEY, since Ink & Paper are Cheap. Unfortunately though, Printing VAST REAMS of Money would DEVALUE the US Dollar Considerably.
The Germans tried Printing as many Deutschmarks as their presses could accommodate after WWI, which ended up with people needing wheelbarrows to haul their cash around to buy a loaf of bread.
AS I SEE IT . . . These Two Biblical Style Storms – After the Wind and the Water Subside, will Force America to Change in ways America never Imagined just a Week or Two Ago.
BECAUSE THAT’S WHAT HAPPENS . . . when you’re Deep in Debt with few Options, and you all of a sudden realize, that you no longer own the World, and the World is Beginning to Own You.
At one Point during Watters’ Show Last Night . . . Watters Said that only “IDIOTS” and others wouldn’t Evacuate, when the order for Mandatory Evacuation was given, and everyone in Government and the Media were LITERALLY Begging People to Leave.
1 – Watters was speaking directly to his audience, who in MOST Cases, Unlike Jesse Watters and other Media Prima Donnas . . . who Don’t have his Money, his Great Job, his Connections, and his Back-Up and Options.
2 – So how does Jesse Watters KNOW if the people he was addressing really wanted to get out of the Target Zone, but didn’t have the Money or the Wherewithal to Leave?
3 – How does Jesse Watters KNOW, that there are People with perhaps Multiple Pets and no source of Transportation, who WOULDN’T Abandon their Pets . . . I WOULDN’T.
4 – How does Jesse Watters KNOW that some People just didn’t want to Leave their Lives Behind Them, Hoping against all Hope, that they and their Possessions would Ride Out The Storm? Does that make them “IDIOTS”?
IT’S REALLY EASY TO CALL PEOPLE IDIOTS . . . I do it all the time, but, when the INSULTER is High, Dry and Living the Good Life, going after People who are Scared VICTIMS . . . That’s a Whole Different Matter.
I Am Certain, That Most Of The People Watters Called IDIOTS Would Rather Be Anywhere Else . . . Than In The Eye Of The Storm.
Best Regards . . . Howard Galganov