Bloomberg: 'U.S. Can Borrow INFINITE Amount Of Money'
Listen to Bloomberg's controversial debt comments.
'U.S. credit is infinite. Other countries let us get away with borrowing an unlimited amount of money.'
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New York Mayor Bloomberg discusses the sequester on his weekly radio show:
"We are spending money we don’t have. When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money. Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story: If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money."
Reader Comments (15)
http://www.humanevents.com/2013/03/01/michael-bloombergs-infinite-money/
But given that the federal budget nearly doubled to $3.5 trillion from $2 trillion between 2002 and 2012, and will swell to $6 trillion over the next decade, DeMint said the cuts don’t go nearly far enough.
http://www.foxnews.com/politics/2013/03/01/americans-absorb-36-percent-pay-cut-while-washington-fights-over-sequester-647959305/#ixzz2MPkKWw86
http://www.telegraph.co.uk/news/worldnews/europe/italy/9904979/Italy-paralysed-as-Grillo-plots-exit-route-from-euro.html
And what...HSBC paid a $1.9 billion fine for massive fraud and drug money laundering..and then they earn $23 billion for the year.
http://money.msn.com/business-news/article.aspx?feed=OBR&Date=20130303&ID=16189010
I guess what I'm saying here is FUCK ADS!
Here:
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Jews say loading up on infinite debt - but when servicing debt fails they come after debtors.....and scheisters like B-berg have their eyes on going on a shopping spree buying national treasures like museums, bridges, monuments and then build more holohoax museums decent people in our nation to view the smoke and mirror displays. I'd say time to throw them all out.