The thought for the day is that nobody does anything because it can not be fixed.

I believe you Tabby....I'm cuttin' my losses....giving away houses :).

Partly true....

That's patently untrue, and unimaginative Ted. It's not fixed because money, and power, is made off of it being broken.

I leave this complicated explanation to Martin Armstrong and his Socrates computer modeling forecasts. Brilliant man.

Well if what you say is true..then why hasn't a trillion $$$ infrastructure bill been passed? Everybody would get fat off of it.

The answer is in the funding.
They can't put it on the credit card..a trillion in deficits plus another trillion for infrastructure..

The amount of the debt is just not repayable..Ryan got out of Dodge when he realized that he could not make entitlement reform happen..and without that sooner or later America goes tilt..so he bailed while the getting is good.

In the FED we trust..

In a normal world share prices basically reflect the economic outlook..since 08 that outlook has been rather anemic which should have led to equities performing poorly..the opposite has been true for several reasons.

First and foremost is that the FED is actively trying to support the economy from faltering through monetary policy. The second being the lack of other viable vehicles to make a roi has forced investment

As I have repeatedly said the game is rigged.

Btw I don't need no stinking computer to figure this shyte out..just good ole brain power...power me up Scotty

The problem is that politically you cannot fix the debt problem. Too many votes to buy with income-based welfare and other entitlements for both citizens and noncitizens. Anyone that makes an effort to fix it simply loses their seat at the table.

It is what it is and it has become quite useless trying to explain it all. A big waste of time.

If you cut them all off you crash the economy..the economy has become dependent on their buying power.

With the elderly families would have to assume the burden of care which cuts into their buying power.

Tabs - I admire your enthusiasm for the topic. You are covering hundreds of years of obscured financial dynamics that is not taught. It is a roiling education forum for those who are open minded and patient.

I don't think you quite understand the point.

Wean them off by putting them to work. They not only retain buying power, it increases. We are nearing full employment (where anyone that wants to work can find a job)...and there are millions employed here that are not citizens that can be returned to their own countries opening up even more jobs (and further reducing social welfare costs).