Posted on 04/22/2015 2:11:51 PM PDT by concernedcitizen76
Sing a song of malfeasance, A District full of lies, Four and twenty black swans, Baked in their pies.
Crash, anyone?
Hey everything is going to be just fine.
Until the very moment the market decides to stop loaning trillions.
That moment.
Then everything is much less fine. Forever. Deadly.
KYPD.
As least former POTUS Carter has to be happy.... he is no longer the worse president in US history.
Nice graphics. The astonished look on Lady Liberty’s face is a nice touch.
Amen, FRiend. And the first places to crash and burn will be the urban liberal utopias... about 10 minutes after the welfare checks stop arriving.
Cassius:
“Default, dear Brutus, is not in our stars,
But in our future ...”
Julius Caesar (I, ii, 140-141)
great point but bad taste having WTC in picture. jmho
Nope, its very good taste. It has been forgotten, and it should be remembered.
Perhaps you’re right.
And speaking as a new Yorker, Trump was right. we should have rebuilt them. They were beautiful and this new building is not.
The manhattan skyline was a masterpiece now it doesn’t look much different than jersey city
The graphics are courtesy of demonocracy.info
It’s a great website.
What is it basically politics? never heard of it. Hear Hannity screaming about unfunded liabilities all the time.
Don’t worry about the debt anymore. I just read an article about JPMorgan not accepting cash for payments anymore.
The banks want virtual currency.
Zeros on a computer screen. With an unlimited amount of credits, you can have an unlimited amount of currency.
Most people thinks its about tracking cash but it’s about an unlimited amount of virtual zeros and no more bank failures.
Wake up people, it’s the brave new world and we’re all falling for it like lined up dominos.
Yeah, I’m not going to make it out alive. But I’ll take a few dozen before they get to me.
Starting with 100 packets of $10,000 (100 $100 bills)It’s real money he’s talking about.
“We have all these unofficial debts that are massive compared to the official debt,” Kotlikoff tells David Greene, guest host of weekends on All Things Considered. “We’re focused just on the official debt, so we’re trying to balance the wrong books.”
Kotlikoff explains that America’s “unofficial” payment obligations — like Social Security, Medicare and Medicaid benefits — jack up the debt figure substantially.
Laurence J. Kotlikoff served as a senior economist on President Ronald Reagan’s Council of Economic Advisers and is a professor of economics at Boston University.
It’s real money he’s talking about.
Laurence J. Kotlikoff served as a senior economist on President Ronald Reagan’s Council of Economic Advisers and is a professor of economics at Boston University.
Courtesy of Boston University
“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap,” he says. “That’s our true indebtedness.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.