[RobertClark]

When was that whole fiscal prudence thing going to begin again?!?

[driftdiver]

[cc2k]

RobertClark wrote:

When was that whole fiscal prudence thing going to begin again?!?

I think it's when every incumbent is sent home permanently.

Republicans in control of both houses plus President = $4 Trillion in new debt.

Dems in control of both houses, with either Republican Pres or Democrat Pres = $4 Trillion+ new debt.

We need some other choices.

[Delta 21]

Good thing I print my own money or I would be worried about this Obama character !

[al baby]

Spending your way out of debt is like trying to fornicate ones way out of hiv

[Delta 21]

Seriously ! I know that the nerdy geek types in the government have computers with awesome calculators on them.

U.S. National Debt Clock

The light at the end of the tunnel is not the morning sunshine.

[sefarkas]

The margin to the debt limit is the difference between the last two lines on the table illustrated. You are posting part of the official Department of Treasury report, second page where Table III comes from. The first number highlighted is interesting, but not the one used for the “statutory debt limit” — a calculation set in law/regulations (either of which takes an Act of Congress to change, or public notice for regulation changes).

[Signalman]

“Geithner, this is Bernanke. Get those printing pressing rolling...Pronto!”

[ChildOfThe60s]

I don’t know if we can expect anarchy or widespread civil disorder, but genuine crunch time is approaching, and the speed and force with which it is coming is increasing daily.

Anyone in this country that isn’t really *scared* is deluded. And that means we have a lot of deluded people out there.

I just got across the board property tax rate increases from the county, the school board, the library board and the city. As well as a near doubling of the city income tax we also get hit with.

Our new mayor wanted even higher tax rates in order TO GIVE RAISES TO ALL CITY EMPLOYEES. You know, the people that ought to be simply damn grateful to have a job? And these increased taxes are being confiscated from people that can’t afford to live now.

Property taxes are pure despotism. The ultimate crippling of the right to own property in this country.

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[PGalt]

Thanks for posting and thanks to all posters here. Thanks to Tyler Durden and the terrific posters at zerohedge.

DEFUND socialist collectives, foreign and domestic.

[Errant]

Something that has been making the rounds that puts it in a better perspective:

Here is why S&P downgraded the US credit rating.

• U.S. Tax revenue: $2,170,000,000,000
• Fed budget: $3,820,000,000,000
• New debt: $ 1,650,000,000,000
• National debt: $14,271,000,000,000
• Recent budget cut: $ 38,500,000,000

Now let’s remove 8 zeros and pretend it’s a household budget.

• Annual family income: $21,700
• Money the family spent: $38,200
• New debt on the credit card: $16,500
• Outstanding balance on the credit card: $142,710
• Total budget cuts: $385

[ProtectOurFreedom]

And the IMF is call for to abandon our Fiscal Austerity. LOL.

[Hoodat]

Expected.

[Shire]

Thanks. Bookmark.