Tuesday
Jan292013
U.S. Govt Borrows $6 Billion Per Day, $4 Million Per Minute
Guess how much of the national debt you owe...
Merely $50,000 for every man, woman and child or $140,000 per U.S. household.
This year the national debt will fly through $17 trillion, get a peek at $18 trillion, make a 2015 date with $20 trillion, while Paul Krugman leads Keynesian dance class aboard the U.S.S. Bankruptcy. By the way, Krugman has a new name for you, or at least those among you so spiritually depraved, and morally off-kilter to care about federal red ink:
Reader Comments (6)
http://thehill.com/blogs/on-the-money/economy/277067-geithner-warns-congress-us-could-default-by-mid-february#ixzz2IA7n4WdY
Do you think Congress would have voted to give the big bankers 16 trillion?
Yes. They were zero interest loans, and I suspect Congress would have done the same. And though I support ending the Federal Reserve, I do not support letting Congress print our own money, at least without a balanced budget amendment in place. With no constraint on spending, Congress would destroy the dollar in a decade.