Can America Save Itself From Bankruptcy?

Is America Staring Bankruptcy In The Face?

Asks Lisa….

is there really any difference in the types of gas (gasoline) available (USA) super,medium,and regular?Can America Save Itself From Bankrupcy?

some people think there is really no difference, while others think the higher (super) gas you put in your car/truck the better it will be for your vehicle, and the better milage you will get and thus save money.
any expert opinion on this?

Whats this got to do with saving the Us from bankruptcy?

Mark answers:

The octane rating of gasoline tells you how much the fuel can be compressed before it spontaneously ignites. When gas ignites by compression rather than because of the spark from the spark plug, it causes knocking in the engine. Knocking can damage an engine, so it is not something you want to have happening. Lower-octane gas (like “regular” 87-octane gasoline) can handle the least amount of compression before igniting.

The compression ratio of your engine determines the octane rating of the gas you must use in the car. One way to increase the horsepower of an engine of a given displacement is to increase its compression ratio. So a “high-performance engine” has a higher compression ratio and requires higher-octane fuel. The advantage of a high compression ratio is that it gives your engine a higher horsepower rating for a given engine weight — that is what makes the engine “high performance.” The disadvantage is that the gasoline for your engine costs more.

Thomas asks…

Can the USA Save Itself from Bankruptcy?

What Are the Top Three Things USA Could do to Avoid Default and bankruptcy?
I’ll just throw out a few suggestions  about bankruptcy– you don’t need to pick from my list — your three can be whatever you think is the truth — the top three things to avoid bankruptcy.

Here are Some Possibilities to preventing bankruptcy:

1. End all Useless Wars and do not Start any New Useless Wars. Iraq could be the cause of the US going into bankruptcy

2. Seal the Southern Border Utterly and Block 95% of all visa Applications.

3. Abandon “free trade” in favor of Fair Trade that results in no trade deficit at the end of the year. Dollar for dollar even steven actual trade — not unilateral opening of our markets and jobs to all countries as bribes for them to enjoy at our expense.

4. Create a tax schedule just for non-salary income like bonuses, pensions, golden parachutes, stock options, anything of any financial value present or future that is not included in the salary check reported on the W-4 Form. Start this tax schedule at 25% for the first five million. 50% for goodies over five million, and 95% for goodies over ten million.

5. Repatriate all illegals back to their countries of origin.

6. Close the Department of Education, give half the money saved to the states earmarked for education only.

7. Return the unspent Stimulus Bill (Political Bribery) Money $500 Billion to the Treasury — use that money to reduce the size of auctions of new Federal debt.

8. Recover all TARP funds that can be recovered, especially from AIG and BofA and JP Morgan Chase. If they can’t repay the TARP funds, put them in liquidation, sell off all assets to smaller banks that are not too big to fail, assign all liabilities to the shareholders and bondholders of those private companies.

9. Create a Program to Award large Prizes for Technology Breakthroughs that can revitalize USA industry and create many jobs in USA — for example a breakthrough in the algae for fuel area, or in the car battery area, or in the solar panel area. These prizes should be tightly defined in terms of what specifications a prize winning breakthrough would have to meet, and they should be large enough to pay for the research program needed to get the prize as a sort of reimbursement after the fact of a breakthrough being made. The company still gets to keep its patents, but if it gets a prize, the research is reimbursed. The company has an obligation to use the research to create new and good jobs for American citizens in USA and not for other people in other places.

10 Build down the Army by 80% keeping mainly the Predator and its personnel. Build down the Navy by 50% keeping the boomers, the SEALs, the SLBM platforms, and the Aegis platforms. Build down the Air Force by 20% — cancel the Joint Strike Fighter program. Build down the Marines by 10% –cancel the Osprey program. Use half the money saved by these cuts to build up NRO and NSA particularly in the areas of methods and systems for target location and identification — expert systems, integrative data systems, innovative approaches and techniques.

My list counts for nothing — your list is what I want — you can pick anything that you think would help USA to avoid default, which by the way is coming in about 24 to 36 months unless some smart thing is found — and Obama, for sure, is not going to find it, but maybe you can. Take a try!
For Lee J.

Fair enough — OK into the minefield with me, here I go — you’re a Medic right — so you’ll come in and carry out whatever isn’t blown off — ok —

I would means test Social Security. It would go like this:

If you have over half a million in annual income, you get a dollar for dollar tax credit instead of your social security check. So if you would have gotten $5,000 per month in Social Security, you now get a $60,000 tax credit — which is worth $60,000 to you at your income level.

For people with incomes over $1 Million, you get 50% of your SS entitlement as a tax credit.

Over $5 Million — 25% as a tax credit

Over $10 million income per year — No tax credit.

Social Security was ALWAYS intended to be INSURANCE against the possibility of being OLD and POOR.

People taking in $10 million per year ARE NOT POOR even if they have grown old. Thus they can ethically, morally legally and with perfect justice be suspended from their SS benefits, not dropped
For ThinKabo

The graph is deceptive because it’s not a just a question of percentage — relative size also matters. In the 1950’s our total debt was much much smaller than today. Sometimes quantity has a quality all its own (TU if you can tell me who said that first).

Your baldfaced assertion that my ten points could cost money and not save money is on its face so totally absurd that refuation would be superfluous. Anyone reading here can plainly see that my ten points would save money not cost money. Closing down wars is cheaper than fighting them. Not carrying 12 million illegals is cheaper than carrying them. Fair trade is cheaper than free trade (which is deadly to USA).

Talk about Chutzpah, you didn’t even take a stab at answering my question — you just started carping. I said (twice) that my list is not what counts. It’s your ideas that count. But you have none.

I don’t want negativity. I want solutions.

You deny that there is even a problem — so twisted!
For Smudgewa:

Fair trade is simpler than reciprocal import duties. They don’t get to send things here unless they buy an equal value of things from us. So Fair trade is sort of pro-trade. Reciprocal import duties (tit for tat) is actually sort of anti-trade — everybody taxing everybody else — that’s not going to help trade — it will be a drag on it.

Your 1 child per family idea makes sense, most certainly for families on welfare. For families where both partners have graduate degrees and who are earning in the top quartile — say over $250,000 per year jointly, I would think a one extra child waiver might be better than a strict one child policy. People who want to multiply would be encouraged to first prosper — the Bible says prosper —- and multiply — in that order — the multiplying is consequent to the prosperity that way its not a burden on the community.

We need to do everything thing to prevent bankruptcy – bankruptcy of the US

Mark answers:

I agree with quite a few of your listings about bankruptcy, I would add a few.

1. In a similar vein I would open up R&D funding on a large scale. Let these
great thinkers and and common sense folks get out there and develop those
good ideas, And bring them to the market place.

2. Charge huge import tax factors on all US companies bringing products
they have made in third world Country’s.

4. Start making China either increase their monetary value, Or quit allowing
their products to come to this country.

5. Start collecting the Dock Taxes that all of these country’s owe the US.

6. Legalize Marijuana, Sell it through Pharmacy’s. Tax the hell out it,
( From a Law Enforcement standpoint,) this would cut a deep hole in the pockets
of the mexican cartels, Once legalized if your caught selling out side of the system
you get life in prison.

7. Turn all of our Prisons into for profit ventures, If you want a cheap labor price,
and want a good product, Let our prison population make it for you, Instead of
going out side of the country.

Just a few Ideas some might work some might not in the fight to prevent bankruptcy.

Ruth asks…

What Are the Top Three Things USA Could do to Avoid Default and then Bankruptcy?

I’ll just throw out a few suggestions — you don’t need to pick from my list — your three can be whatever you think is the truth — the top three things to avoid bankruptcy.

Here are Some Possiblities to avoiding bankruptcy:

1. End all Useless Wars and do not Start any New Useless Wars.

2. Seal the Southern Border Utterly and Block 95% of all visa Applications.

3. Abandon “free trade” in favor of Fair Trade that results in no trade deficit at the end of the year. Dollar for dollar even steven actual trade — not unilateral opening of our markets and jobs to all countries as bribes for them to enjoy at our expense.

4. Create a tax schedule just for non-salary income like bonuses, pensions, golden parachutes, stock options, anything of any financial value present or future that is not included in the salary check reported on the W-4 Form. Start this tax schedule at 25% for the first five million. 50% for goodies over five million, and 95% for goodies over ten million.

5. Repatriate all illegals back to their countries of origin.

6. Close the Department of Education, give half the money saved to the states earmarked for education only.

7. Return the unspent Stimulus Bill (Political Bribery) Money $500 Billion to the Treasury — use that money to reduce the size of auctions of new Federal debt.

8. Recover all TARP funds that can be recovered, especially from AIG and BofA and JP Morgan Chase. If they can’t repay the TARP funds, put them in liquidation, sell off all assets to smaller banks that are not too big to fail, assign all liabilities to the shareholders and bondholders of those private companies.

9. Create a Program to Award large Prizes for Technology Breakthroughs that can revitalize USA industry and create many jobs in USA — for example a breakthrough in the algae for fuel area, or in the car battery area, or in the solar panel area. These prizes should be tightly defined in terms of what specifications a prize winning breakthrough would have to meet, and they should be large enough to pay for the research program needed to get the prize as a sort of reimbursement after the fact of a breakthrough being made. The company still gets to keep its patents, but if it gets a prize, the research is reimbursed. The company has an obligation to use the research to create new and good jobs for American citizens in USA and not for other people in other places.

10 Build down the Army by 80% keeping mainly the Predator and its personnel. Build down the Navy by 50% keeping the boomers, the SEALs, the SLBM platforms, and the Aegis platforms. Build down the Air Force by 20% — cancel the Joint Strike Fighter program. Build down the Marines by 10% –cancel the Osprey program. Use half the money saved by these cuts to build up NRO and NSA particularly in the areas of methods and systems for target location and identification — expert systems, integrative data systems, innovative approaches and techniques.

My list counts for nothing — your list is what I want — you can pick anything that you think would help USA to avoid default, which by the way is coming in about 24 to 36 months unless some smart thing is found — and Obama, for sure, is not going to find it, but maybe you can. Take a try!

Mark answers:

Ending a war is a great way to save money and maybe prevent bankrutcy, but you should never cut down the military by too much. 80%? Other nations would immediately try to attack us. This is how great empires fall. They become overloaded with debt, reduce their military, and get conquered. This is just proof that we never learn from the past. The USA are still a long way from preventing bankruptcy

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