Our Federal Government is screwed (dollar, economy, Dick Cheney, news)

[VTHokieFan]

"As of September 30, 2010, $5.180 trillion of debt held by the public, or 61%, matures in the next 4 years."

So where do we get the $5.180T to make principal payments on our maturing debt?

Page 16/35: http://www.gao.gov/new.items/d1152.pdf

[ergohead]

Originally Posted by VTHokieFan

"As of September 30, 2010, $5.180 trillion of debt held by the public, or 61%, matures in the next 4 years."

So where do we get the $5.180T to make principal payments on our maturing debt?

Page 16/35: http://www.gao.gov/new.items/d1152.pdf

Deficits don't matter.

[shroombeanie]

Originally Posted by ergohead

Deficits don't matter.

What? I'll say that to the next bank or other lending institution when they ask for payment.

Let's see how China and Russia take that news.

[ergohead]

Originally Posted by shroombeanie

What? I'll say that to the next bank or other lending institution when they ask for payment.

Let's see how China and Russia take that news.

I was just quoting a devious yo-yo.

Dick Cheney on Budget & Economy

[Pretzelogik]

You forgot a most important final word in the thread title...UP.

[VTHokieFan]

Originally Posted by shroombeanie

What? I'll say that to the next bank or other lending institution when they ask for payment.

Let's see how China and Russia take that news.

We'll probably just default, our dollar will completely collapse, all of your savings will be wiped away by inflation and our country will go the way of post-Peronist Argentina.

I've already begun buying silver. Sad: gold is too expensive.

[ergohead]

Originally Posted by Pretzelogik

You forgot a most important final word in the thread title...UP.

That's a very positive, uh, ending.