Posted on 08/21/2009 10:29:24 AM PDT by Welshman007
From Karl Denninger at the Market Ticker:
*U.S. TREASURY TO AUCTION $27 BILLION IN 52-WEEK BILLS *U.S. TREASURY TO AUCTION $42 BILLION IN TWO-YEAR NOTES *U.S. TREASURY TO AUCTION $31 BILLION IN THREE-MONTH BILLS *U.S. TREASURY TO AUCTION $28 BILLION IN SEVEN-YEAR NOTES *U.S. TREASURY TO AUCTION $30 BILLION IN SIX-MONTH BILLS *U.S. TREASURY TO AUCTION $39 BILLION IN FIVE-YEAR NOTES
(Excerpt) Read more at examiner.com ...
Maybe the sky IS falling
What are they sending every single dollar out of the country?
During the Great Depression the ‘leaders’ did the same thing, told the masses things ‘appeared’ to be getting better......
Foreigners are not buying these bills. Ben Bernanke is. He’s got printing presses, you know.
If Obamacare is passed, the cost of health care for today’s 47 million uninsured will also land on those 140 million. And if Obama puts 12 million to 20 million illegal aliens on a “path to citizenship,” as he promises, they, too, will have their health care provided by taxpayers.
Here is the crusher. The Census Bureau projects that, by 2050, the U.S. population will explode to 435 million. As most of these folks will be immigrants, their children and grandchildren, the cost of their heath care would also have to be largely born by middle-class and wealthy taxpayers.
Now factor this in.
In 2000, the average American male in a population of 300 million lived to 74; the average female to 80. But in 2050, the average male in a population of 435 million Americans will live to 80 and the average female to 86. And, according to U.N. figures, 21 percent of the U.S. population in 2050, some 91 million Americans, will be over 65, and 7.6 percent, or 33 million Americans, will be over 80 — and consuming health care in ever-increasing measures.
That is a very intriguing link you’ve posted there — and it explains one of the curious aspects of the last 9-12 months in the U.S. economy . . . i.e., How can interest rates stay so low when the U.S. government is running such huge deficits?
If only cigarettes were cheaper and some of these people could smoke!
/sarc
We Americans and many generations in the future are getting “wee weed” on by accumulating this additional debt. Talk about “pissin’ money down the drain”............
I don't know why everyone thinks this thing is over...
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