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To: Tailgunner Joe

The current real projected debt of the US Federal/State/Local governments is greater than the entire current real projected debt of every Third World Country put together.

THE USA IS A THIRD WORLD COUNTRY.

As soon as the 30 Year Treasury Rate goes above 5.8%, the interest expense on the debt will be greater than the entire Federal Tax and Fee collected each year.

While the GOP is whining over not adding a new ObamaCare expense of $65B annualy, there are hundreds of programs costing well over $650B annually that muts be drastically reduced or cut altogether.

This entire charade is whistling pst the graveyard of the Republic.

Just remember, if the 30 Yr Treasury goes to 7%, the US Dollar, and the US Treasury Bill, will become worthless. There is literally nothing backing our currency and debt expect the US Military, which is now controlled by a post-purge leadership of Obama yes men.

Don’t worry too much about the dinner theater tonight, it’s just a small sideshow for the real collapse in the value of the US Dollar and US Debt.


32 posted on 09/30/2013 4:16:29 PM PDT by JerseyHighlander
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To: JerseyHighlander

Well said and true.


33 posted on 09/30/2013 4:22:47 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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