The real secret weapon is that the US has had no budget since 2009. The last ballanced budget was 2001! Since then we have seen a game of currency debasement musical chairs.
This one chart says it all:
https://en.wikipedia.org/wiki/File:GAO_Slide.png
Thanks for the chart. Given that interest is already a significant cost (looking at the chart), it’ll be a real shock to the system if it were to double! It’s no wonder Bernanke is doing everything he can to keep it near zero.
Someone mentioned that by not having a budget, it allows the stimulus bill to be renewed. Perhaps someone can clarify this?
Not only do we have no budget, we have a WH that takes NO initiative in budget cuts or controls, and accepts no Congressional limits on spending
the US “debt clock” was stopped yesterday when the govt was within 25 million of exceeding spending authority!
they have been running the govt for the past 2 months on money pilfered from the TSP federal employee (contributory) retirement fund
obama is treating this nation’s resources like a credit card with no limit and congress acting like indulgent wimp parents afraid of a temper tantrum from an out of control kid
