[Cacique]

This is all gonna blow up in our faces. Unfortunately the last time something similar to this occurred we ended up with a world war.

[blam]

Why Investors Do Not Think America Is The Next Greece

[Leisler]

The Obama administration’s new budget blithely assumes real GDP growth of 3.6 per cent over the next five years, with inflation averaging 1.4 per cent.

3.6 Percent( snicker ), minus taxes say combined of half, so 1.9 true percent growth, with the Federal Reserve induced inflation thief of the value of their Federal Reserve notes of 1.4 percent, leaves a growth rate of half a percent.

0.5 percent. ( Best case )

Yeah baby! That’s really going to pay those 100 trillion dollars of unfunded liabilities!

[DungeonMaster]

The teleprompter can talk his way out of debt.

[Psalm 144]

Save your Confederate money. It will be more solid than Union greenbacks.

[The Comedian]

All Fiat Currencies Go To Heaven.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[Starboard]

Small wonder Morgan Stanley assumes that 10-year yields will rise from around 3.5 per cent to 5.5 per cent this year.

Would TBT (Ultrashort Treasuries) be a good investment right about now? Any opinions?

[ikka]

The International Monetary Fund recently published estimates of the fiscal adjustments developed economies would need to make to restore fiscal stability over the decade ahead. Worst were Japan and the UK (a fiscal tightening of 13 per cent of GDP). Then came Ireland, Spain and Greece (9 per cent). And in sixth place? Step forward America, which would need to tighten fiscal policy by 8.8 per cent of GDP to satisfy the IMF.

Note that 8.8 per cent of GDP, is almost THREE TIMES the amount of the adjustment that Reagan pushed through with his tax reform, which at 3% of GDP everyone claimed was "massive" etc.

[Leftism is Mentally Deranged]

An incompetent government lets its country go bankrupt and then cries for help, knowing that other, better-managed countries will send them some of their money.
Bailing them out just invites more of the same.
Let them go bankrupt.

[Rippin]

Ultimately the only way out of our debt is

1-Responsible behavior including real growth

2-Default

3-Inflate

Seems beyond any reasonable doubt we are headed for #3 but lots can happen between here and there.