This budget deficit is the proverbial 800 lb gorilla in the room. As bad as this $14 trillion debt is, the deficit is the real emergency here. It's like a great big incoming missile aimed right for our ship and nobody has a plan to shoot it down before it hits us. This suggests to me that they're just going to print up the difference. I'm wondering if the metals are spiking due to widespread recognition and anticipation of this or due to the current value of the dollar. I'm also wondering how our creditors will respond to, what amounts to, a backdoor debt default.
1 posted on
04/24/2011 11:06:59 PM PDT by
RC one
To: RC one
At this point it no longer really matters, it’s the choice between dying a slow death or a fast death... The outcome is the same.
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