How did Hillary’s State Department LOSE $6 BILLION????? Where’s the committee who is looking into this?
The US is doomed.
Listen to Obama and the D’s talk about the debt. They will tell you there isn’t really any debt. They’ll tell you that even if there is, debt makes things grow. They’ll tell you that there are no consequences to debt that are worse than than those resulting from drastic action NOW to avoid catastrophe in the FUTURE.
In sum, they talk much like us when we are addressing the subject of ‘climate change’. (The difference is that the increase in debt is undeniable whereas global warming is speculative.).
I think we should counter them the same way. Shut them up, shout them down, call them ‘debt deniers’. Run them out of our institutions. Propose slapping them in jail. Endlessly shout the names of the billionaire donors to their party who stand to benefit from their destructive policies.
Sauce for the gander I say.
Debt is $17+ Trillion.
We have ALREADY passed 100%.
Wait a mintue; I thought climate change was the biggest threat?
A crisis with the petro-dollar and the only way to salvage this this welfare state will be major war. It’s the only way they can sell the austerity and protect the dollars status to oil. It may well be unavoidable, if nothing else, enjoy it while it lasts.
These articles always call it a debt problem. It’s not. Debt is a symptom of something. In this case it’s SPENDING. we have a spending problem.
looks like King and Queen size beds are on the rise.
I’m afraid the heavy, fast moving debt train smashed through the CBO many, many years ago....
People who think Washington will continue to support selling bonds at market rates will be in for a rude awaking in a few decades.
We can’t pay theses bills, we don’t have the economic potential.
This would crash the market.
“”Finally, high debt increases the risk of a fiscal crisis in which investors would lose so much confidence in the government’s ability to manage its budge that the government would be unable to borrow at affordable rates.”
Too bad this is not true, since the Fed will buy Treasury bonds at whatever puny interest rate Obama orders them to buy at.
On the other hand, CBO fails to mention that the real problem will be hyperinflation, destroying all savings (one of obama’s real intents in collapsing our monetary system) as well as impoverishing all of we peasants since basics like food and gasoline prices will necessarily skyrocket. Fortunately, though, none of Obama’s elite, super-rich backers will suffer.
Let's fly around some more and eat moor Waygu.