[BenLurkin]

[rabscuttle385]

Nice. A hit piece on the Founders.

[Jim Robinson]

What do they mean “may be.” Idiots!

[Cicero]

The debt is complicating efforts by President Barack Obama and Congress to cope with the worst recession in decades as stimulus and bailout spending combine with lower tax revenues to widen the gap.

Golly, gee, AP, you don't suppose that Barack and his Democrat stooges have anything to do with CAUSING this scary debt crisis, do you?

With their porkulus bill that does nothing to create jobs or stimulate the economy but doubled the debt, and a TARP bill that is used to keep the bad times rollin' and more subprime mortgages goin'? And the nationalization of Chrysler and GM purely to bail out the Auto Workers.

[wbones8765]

If you ever read their stories, they are incredibly biased towards the left. Never report anything bad about ODUMMA HUSSIEN. They would prefer to blame anyone else. Kind of like Odumma himself.

[WOBBLY BOB]

Obama Spending Trends Charted

http://blog.heritage.org/2009/05/12/obama-spending-tax-trends-charted/

Bernanke Threatens Economic Collapse If Fed Audited

http://digg.com/business_finance/Bernanke_Threatens_Economic_Collapse_If_Fed_Audited

[Aldebert]

There's a 10-year US Treatury TIPs auction on Monday (Treasury Inflation Protected Securities). You can buy them in most brokerage accounts without any fees if you place an order before the auction at 1:00 pm. In about two years, you can all email me to thank me for reminding you!

[Wuli]

“Rising debt may be next crisis”

“May” be. There is no maybe to it; it is already upon us; only its harshest ramifications are not exposed in the personal economic lives of everyone yet.

[Republican Wildcat]

Something tells me these warnings will be adhered to just like the warnings from 2001-2008 made repeatedly about getting control of Fannie Mae and Freddie Mac as it could cause a collapse in our financial infrastructure...

[Fingolfin]

The shocking reality is that the national debt cannot be payed back without extinguishing the U.S. money supply. That is because coins + government debt (federal reserve notes) + private debt = U.S. money supply. Government cannot create money without borrowing it into existence (from the Federal Reserve) and the amount that it has borrowed + interest is always greater that the amount of money in circulation. The only way to have enough to pay it back is to borrow more.

[Nuc1]

Higher taxes, or reduced federal benefits and services -- or a combination of both -- may be the inevitable consequences.

don't want to loose them benefits.