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..........yet the liberals claim that there is no problem and simply encourage more spending or "tax the rich" schemes.
The trough is empty and it is time for people to live within their means. The era of "treats for votes", which was similar to "bread and circuses", has ended, just as it did in Rome. The shocking thing is that any rational being who has read any history actually thought that this ruse could go on forever. I guess their vote was purchased cheaply.
Get ready to live on your own without government handouts, as the cupboard is bare.
$61 Tril. Not to worry. The printing machines are working 24/7 printing truck loads of $100 bills to cover it. But by then the $100 bill will be worth about $9 So the process will be never ending. How many printing machines does the government have anyway? What ever the amount, I think they'll have to buy more.
$61 Tril. Not to worry. The printing machines are working 24/7 printing truck loads of $100 bills to cover it. But by then the $100 bill will be worth about $9 So the process will be never ending. How many printing machines does the government have anyway? What ever the amount, I think they'll have to buy more.
Ben is turning off the switch 6/30.
The "free money" will be no more
Where is that saganista lately? I always loved her spin that these werent liablities because they werent "real", and the government could stop paying them any day.
Obama isn't worried. Likely he thinks everyone in the country can reach in their pocket if taxed enough to produce that half million plus owed per capita.
The FED is stitting on a timebomb of debt while it continues to run the printing presses.
Where is that saganista lately? I always loved her spin that these werent liablities because they werent "real", and the government could stop paying them any day.
Yes, Saggy was a hoot. She had drank the Keynesian koolaide of Stiglitz. Funny thing about those Keynesians- they all say that increased federal spending is perfectly fine until one arrives at "excessive debt". However, they do not define "excessive debt" (even relative to GDP) and offer no solutions when that time arrives, as the obvious solution is austerity.
Oddly, these "experts" noted the shining models of their theory- Greece, Spain, and Italy- as proof they were right. Well............... they are now absolute proof that they were wrong. I would revoke their Nobel Prizes.
Who cares. I have no children and will dead long before the bill comes due. Pay up suckers!!
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