Figures don’t lie, but liars figure.
“all governments make promises they can’t fulfill”
but some more than others.
Ha ha ha ha ha ha ha.
Alan Greenspan & Ben Bernanke & Hank Paulson & L'il Timmy Geithner can just dial up the presses to "11" and print us some more $$$s and everything will be fine-n-dandy like it always is.
Relax. Chill out. Pass the tequila. Party on, dudes.
Last week’s rally was smoke and mirrors. If no one stops zero from plunging the nation into trillions of dollars in debt, it will take decades to recover. But hey, he’s cool and has high approval ratings so he can do whatever the hell he wants. When he falls, the MSM goes down with him.
If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner.
— H L Mencken
The state feeds on the predation of production until production can no longer sustain the appetite of the State. Production declines to the point of subsistence as their is no incentive beyond this and when a crisis hits, the State has no means with which to survive.
I think a much better question to ask would be "Is America About To Go Broke On Purpose?"
Sure seems like there are people wanting it to with the decisions that are being made.
My vote? Bring back the Tenth Amendment and stop all federal spending outside the enumerated powers in the Constitution (other than moral obligations such as retirement for federal workers and social security for those who paid for that promise). That's the right answer.
Obama's answer? He'll continue to spend less responsibly than the worst drunken sailor in history, then leave it to our children to figure out what to do about the debt. At least China will get stuck with the tab when we default; they deserve it for enabling the massive spending by trusting Obama and Pelosi.
Quick! Everyone sign over your paychecks to help out. Oh, never mind.
When will they start telling not to even apply for Social Security?
Paging Rick Waggoner...
At least he tried to contain cost and turn things around.
GM was the warning shot for SSI, Medicare and Medicade, and no one wants to acknowledge that.
Social Security implosion 2010
http://bluelori.blogspot.com/2009/04/social-security-explosion-2010.html
Even the ignorant and stupid MSM informed Americans are about to figure it out.
It's been broke, it's just that public perception is finally beginning to wake up and realize it. When that realization hits critical mass, then is when we'll see the SHTF scenario come about. The only thing holding that back for the moment is blind trust.
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Is America going broke...NO, America is broke!
Is this a joke? If a family had to borrow $0.46 of every dollar it spent to make it’s budget, as is the condition of Obama’s current federal budget, would there even be a question about whether or not that family is broke?
Combine the budget situation with the Fed buying our own Treasury bills, and there can be no doubt - the US is hopelessly insolvent. They can’t continue like this for long before the whole thing implodes.
How long could you go on spending $1000 a month if you only make $540 a month?
I don't want an early in at 62, but will anything ne there at 65? 67?
Is America about to go broke?.....
With Erkel in the drivers seat?....silly question!