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Americans awake to Austerity measures

Discussion in 'Politics, Elections & Legislation' started by g7777777, Oct 19, 2012.

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  1. g7777777

    g7777777 TS Supporters TS Supporters

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    Yesterday the overnight interest rate jumped up and the world reacted by starting to call in their debts.

    With the prime interest rate rising to 5 percent, the US is essentially bankrupt. (The Prime interest rate was as high as 19 percent within the last 30 years)

    The government has suspended Social Security payments to those families who they believe have that have more than $200,000 dollars of assets and boards chaired by Federal Employees are being set up to hear appeals. This means test was initiated in a closed door cabinet meeting last night.

    National Guard Units across the country have been activated and there are protests and rioting in the large metropolitan areas.

    The President has pledged not to touch the Federal Employment Retirement system nor military retirement, stating those systems would be the last to go, but was unwilling to comment on continued health services being provided under the now several year old universal health care system, Obama care, only making mention that we all have to share in this “belt tightening” when asked.

    It is unclear, with the recent spate of private pension plan failures, if the government will be able to step in and guarantee those pensions plan.

    On another note, the Yankees have won the World Series, but rioting has prevented their return by air, and because of security concerns they aren’t announcing any plans for the team to return by ground transportation to New York City, the team being hunkered down in their hotel as the police and national guard battle with looters and anti government forces for control of Saint Louis.
     
  2. halfmile

    halfmile Well-Known Member

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    I'll bet you watched "Escape From New York" last night.

    HM
     
  3. g7777777

    g7777777 TS Supporters TS Supporters

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    Part II of this will be the speculation on what the Chinese Aircraft carriers, that outnumber the US airpower 3-1 are doing parked off LA, NYC and Washington DC
     
  4. pretzel

    pretzel TS Member

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    I find that really hard to believe.
     
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