I Blame the Germans

Generali

http://www.theglobalist.com/u-s-debt-ceiling-blame-germans/

President Wilson....after receiving Congressional authorization, declared war on the Kaiser on April 6, 1917.

Now, as we know all too well, wars cost money. U.S. involvement in World War I was no different. And as far as most wars are concerned, they are not budgeted. President Wilson had to borrow money to fund U.S. troops in their fight against Germany, but this was politically and administratively troublesome.


Why? Because every single time Wilson went to the markets to issue more debt, he had to ask Congress for approval.


So, Congress had a stroke of genius. So that the President would not have to return each time to beg for more, why not do the patriotic thing and give him the ability to borrow a fair number of times? So that things would not get out of hand, the proposal to set a debt ceiling was enacted.


And so, with the approval of the Second Liberty Bond Act in October 1917, a patriotic-minded U.S. Congress loosened the nation’s debt issuance purse strings and basically created what we refer to today as the debt ceiling.

So if the Germans hadn't sunk those two US ships and forced the USA into The Great War, we wouldn't have the problems with the debt ceiling today.

I blame the Germans.

dryhat

Hey Gen, do you know of / have you been to a pub in Sydney called The Old Fitzroy Hotel?

Generali

dryhat wrote: »

Hey Gen, do you know of / have you been to a pub in Sydney called The Old Fitzroy Hotel?

I know the place. I think I watched Spurs on TV in there over a decade ago. I'm not exactly a regular as I rarely find myself in Woolloomooloo.

Why do you ask?

Tancred

Generali wrote: »

http://www.theglobalist.com/u-s-debt-ceiling-blame-germans/



So if the Germans hadn't sunk those two US ships and forced the USA into The Great War, we wouldn't have the problems with the debt ceiling today.

I blame the Germans.

Yes, blame them, the scapegoats of the 20th century. Idiot.

I instead blame the elite of freemasons and mega-rich Anglo-Saxons from the UK and USA, many of them bankers, who really did plan world war one, and by consequence, world war two.
Cecil Rhodes, Lord Alfred Milner, Nathan Rothschild, and many others. These are the megalomaniacs behind much of the misery of the 20th century. They plotted the destruction of Germany as early as the 1890s because it was too much of an industrial competitor and a threat to the dominance of the English speaking peoples and all that rubbish. After WW1 the same group of elitist bankers and politicians helped to finance the genocidal Soviet Union to act as a threat against a German revival. Then they helped to finance Hitler, that other maniac, so that there would be another world war and Germany finally destroyed like Carthage.

dryhat

Generali wrote: »

I know the place. I think I watched Spurs on TV in there over a decade ago. I'm not exactly a regular as I rarely find myself in Woolloomooloo.

Why do you ask?

Err, no reason, just asking

wotsthat

Tancred wrote: »

Yes, blame them, the scapegoats of the 20th century. Idiot.

I instead blame the elite of freemasons and mega-rich Anglo-Saxons from the UK and USA, many of them bankers, who really did plan world war one, and by consequence, world war two.
Cecil Rhodes, Lord Alfred Milner, Nathan Rothschild, and many others. These are the megalomaniacs behind much of the misery of the 20th century. They plotted the destruction of Germany as early as the 1890s because it was too much of an industrial competitor and a threat to the dominance of the English speaking peoples and all that rubbish. After WW1 the same group of elitist bankers and politicians helped to finance the genocidal Soviet Union to act as a threat against a German revival. Then they helped to finance Hitler, that other maniac, so that there would be another world war and Germany finally destroyed like Carthage.

I think your irony detector might be playing up..

Generali

dryhat wrote: »

Err, no reason, just asking

LOL. You're obsessed!

Actually it's a nice pub in a nice part of town. I might have to pay a visit some time. I'll see if I can get my toaster to mine some Bitcoins.

dryhat

Generali wrote: »

LOL. You're obsessed!

Actually it's a nice pub in a nice part of town. I might have to pay a visit some time. I'll see if I can get my toaster to mine some Bitcoins.

If you do go, get a wallet on your phone beforehand and then post me a Bitcoin address here. I will send you enough to have a Bitcoin beer on me.
:beer:

chucknorris

Generali wrote: »

I know the place. I think I watched Spurs on TV in there over a decade ago. I'm not exactly a regular as I rarely find myself in Woolloomooloo.

Why do you ask?

I'd definitely have to at least start off sober going there for a few beers, otherwise it might take the cab driver hours to understand my pronunciation of Woolloomooloo.

wotsthat

chucknorris wrote: »

I'd definitely have to at least start off sober going there for a few beers, otherwise it might take the cab driver hours to understand my pronunciation of Woolloomooloo.

I'd be OK. My GP is from Sri Lanka and his surname isn't dissimilar.

wotsthat

Generali wrote: »

So if the Germans hadn't sunk those two US ships and forced the USA into The Great War, we wouldn't have the problems with the debt ceiling today.

Why do you think they've never repealed the act?

This comes around as regular as the pantomime season.