Feb 13, 2009 07:16 pm One word.
REVOLUTION
There goes 3.27 trillion dollars.
Posted on Feb 13, 2009 03:41 pm
dbmasters
Administrator Since: Apr 03, 2002
Awesome, there goes more of a tax dollars down a bottomless pit.
I don't want a nanny state, damnit!
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Feb 13, 2009 07:37 pm not bad for one week........
but well... phrase of trhe yeasr...
besides "I'm drunk" (which I anm(
"Physical possession" - I haz
There isn't a mechanical way to pay this debt last I know we dibn't even have a tillion in actual currency printed... this will end well../.
Feb 13, 2009 11:40 pm 3.7 trillion dollars? what did I miss, did Rob get the new Geo rig???? lol
Feb 14, 2009 08:52 am Monmixr,
Here's what dB is referring to:
blog.heritage.org/2009/02...s-327-trillion/
Feb 14, 2009 09:44 am The fun part will be when the bond and treasury markets dry up ... which looks like is starting to happen. Everyone rushed into bonds and treasuries because they're "safe"... Most stock dividends I see are around 30% yield...so when investors grow a pair... low interest government debt is going to be dropped like a rock. There's already talk of the federal reserve buying treasuries as a method to keep those interest rates down...which is basically just printing money without the expense of actually printing it.
Feb 14, 2009 01:04 pm Interesting. now im no rocket surgeon, and I know we are in trouble, but I remember Obama saying "we have to stop living above our means, spending money we dont have" I have to ask why the first thing he wants to do is borrow nearly a trillion dollars to give to people that are in trouble because they cant manage finances...
Feb 14, 2009 03:09 pm ...and realize a lot of that money will do nothing...it starts to social medicine, it is forcing states to increase their welfare base.
it's really, really horrendous. it's the largest piece of private wealth to ever go into gov't control at one time in the history of the US...the biggest step toward socialism ever.
Feb 14, 2009 06:48 pm I told ya he was a no good nic!
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