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To: Zakeet

The budget is going to increase and it HAS increased already. They will keep building on it instead of facing reality.

Even if it stayed the same as this year, we are so far in the hole that we might never get out


9 posted on 04/13/2011 10:04:16 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: GeronL
We are so far in the hole that we might never get out

We're already there my FRiend.

Sometime, try to amortize the debt amounts presented by an organization such as U.S. Debt Clock using any reasonable assumption for growth in tax receipts and reduced spending. It can't be done. Default is inevitable! And that's not including the cost of "contingent" and/or "off-balance sheet" obligations such as unfunded pensions, GSE's (e.g. Fannie and Freddie), Medicare, Medicaid, etc.). The U.S. is hopelessly, unavoidedly, irreversibly broke.

After you crunch the numbers, refer to any economic history text to see what happens to countries who default on their debt obligations. And be advised that if you do, you won't sleep again for at least a week.

13 posted on 04/13/2011 10:19:40 PM PDT by Zakeet (If Obama had half a brain, his butt would be lopsided)
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