” They’re desperately counting on our income taxes to keep going. “
Not as long as Bernanke and Geithner have control of the printing presses....
(I read somewhere recently that Federal Tax receipts - from all sources - accounts for only 40% of Federal outlays..)
That’s true, sort of. But if they don’t get the billions from Texas on schedule, that whole house of cards is going to collapse - because then the world financial markets are going to have to de-rate the US. Pretty much the same thing that happens when a big company has their largest client tell them they’re not getting paid.