posted on 08/10/2011 7:33:13 AM PDT
(The Expat Needs Beer Money - Cough Up!)
don’t get fox business.
posted on 08/10/2011 7:33:52 AM PDT
(ruling class dem + rino progressives -- destroying america for 150 years.)
Even when we ran a "surplus" during the Republican congress of the Clintoon administration, we didn't pay down the principal.
We just spent more.
posted on 08/10/2011 7:34:58 AM PDT
(Is the /sarc tag really necessary?)
posted on 08/10/2011 7:36:07 AM PDT
by Terry Mross
(I'll only vote for a SECOND party.)
Wake me when they start seriously talking about the other $200 trillion or so we’re in the hole for unfunded entitlements.
posted on 08/10/2011 7:38:16 AM PDT
(Starve the Monkeys!)
My opinion is we don’t even deserve the AA+ rating. Any country that spends more than it takes in then continuously asks for more credit to continue spending more than it takes in should get a BBB rating or less.
posted on 08/10/2011 7:41:50 AM PDT
Here is the The real Situation.
posted on 08/10/2011 7:44:14 AM PDT
by CJ Wolf
(I like it that FR still spell checks "obama")
Of course it won’t be paid.
You don’t just write a check for 15 trillion.
Oh yeah, and court ruled unconstitutional Obamacare is about 2 years away...
Should be fun.
posted on 08/10/2011 7:51:54 AM PDT
Now is the opportunity for the Fed to sell it’s huge holdings of Tbills for a profit.
Sort of a reverse QE.
posted on 08/10/2011 8:08:08 AM PDT
The counterpoint to the discussion is of course the stock market crashing again.
Dow: 10,809.93 -429.84 -3.82%
Nasdaq: 2,405.04 -77.48 -3.12%
The Dow has given up all of yesterday’s gains.
It’s clear to me that we’re in the middle of Great Depression II, and the latest government created bear market rally is over. The Fed doesn’t have much room to maneuver now.
I watch Fox Business every morning after Imus is over. I love Stuart Varney’s show.
Mark Steyn was on Cavuto Monday afternoon and he was excellent. I just checked again and a video of the interview is not on Cavuto’s site. I think Steyn may have been on Hannity last night. Smart guy.
posted on 08/10/2011 8:31:09 AM PDT
(Support our military or leave. I will help you pack BO!)
What insane person ever said that this debt would ever be paid?
The goal for the political elite is to continue until everything collapses, and just hope, it happens after they have left office.
posted on 08/10/2011 11:37:11 AM PDT
(When the wicked beareth rule, the people mourn (Pr.29:2))
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