[Gaffer]

Gee....all of a sudden Wall Street recognizes we have a 20 Trillion Dollar debt and that we’d better do something about it for the coming next ‘recession’. What’s wrong here?

Wall Street is pissed because they won’t be getting any more QE (they got half of $85 billion per MONTH where the Government bought Mortgage Backed Securities). And then the Fed bought the other half in T-Bills to semi-legitimize the $1 Trillion of debt it took to give to the Stock Market.

They did this for 6 years at least - There’s your 6 trillion Obama bought off his deficit with to give away ObamaPhones, Section 8, EITC, WICs, SNAP and all the rest.

[Theoria]

Sure, and the GOP helped them. All this debt is at the feet of the GOP and Dems, and then we turn around and put them back in office and expect something different.

Politicians love cutting taxes, yet they haven't cut the national debt in decades.

This idea that we are gonna grow out of this debt is crazy, especially in a globalized economy with wage arbitration, we might have had a chance a few decades ago, but it might be too late now.

[SaveFerris]

[$6 Trillion]

I was under the impression it was more like $8 Trillion - close to $9 Trillion by the time he leaves office.

Anyone? Bueller?