The gathering place for a merry band of Three Percenters. (As denounced by Bill Clinton on CNN!)
Madness? THIS IS SPA...yeah that joke died a long time ago.Considering we spent 220 billion last month alone, I'm not surprised. I know! Let's print more green paper! That'll fix EVERYTHING!
And people still doubt this bozo is not out to destroy the United States.Yes, sheer madness....
You do realize, of course, that most of this debt results from the Bush tax cuts and fighting the wars in Iraq and Afghanistan with borrowed money rather than paying for them? Remember when Bill Clinton left office in 2001 and the government was running annual surpluses of hundreds of billions of dollars and we were projected to pay off the national debt by about now?
It's not madness if that was the deliberate plan all along. The rape and pillage of the West, and America in particular, proceeds unabated during this current attack phase. The wealth extraction and enslavement is going better than they could have hoped. The transition to 'stabilization operations' has occupation forces merrily retooling for suppression of the populace, and eager bureacracies bulging with quislings already in place. Acknowledge the utter destruction they have wrought thus far. They undermined the walls and infrastructure for generations, and then surge an attack everywhere at once, disrupting any defense before it can be effective.Lawyers can be so much more effective than bombers, no?
Remember when Bill Clinton left office in 2001 and the government was running annual surpluses of hundreds of billions of dollars and we were projected to pay off the national debt by about now?--LiamNo, I remember no such thing because no such thing never happened.Let's confront this leftist myth right now, shall we? The refutation, complete with Treasury chart is to be found right here: http://www.craigsteiner.us/articles/16This is a selected quote from the article:"While not defending the increase of the federal debt under President Bush, it's curious to see Clinton's record promoted as having generated a surplus. It never happened. There was never a surplus and the facts support that position. In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion."Git on yer bike, Liam.MALTHUS
Nice try Liam:http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/
...which means that debt will be more like 120% of GDP by 2014. These people never seem to grasp that as a feedback loop, it's all connected. As businesses go belly up, GDP decreases. Yet the mandatory spending, those entitlements on the fedgov's books don't go away and they certainly don't decrease. If there's anything you need, you'd better buy it now. It'll never be cheaper. EricIII
Even worse, the $1.4 trillion just buys a few months and will probably be spent before the November election (assuming one is held).Pure insanity. Generations X and younger are not going to pay this debt. It will be defaulted - either through hyperinflation or through outright default.
The Silent Entitlements Monster: Social Security, Medicare And Interest On The Debt Will Gobble Up Every Single Tax Dollar By 2020http://theeconomiccollapseblog.com/archives/the-silent-entitlements-monster-social-security-medicare-and-interest-on-the-debt-will-gobble-up-every-single-tax-dollar-by-2020".......things are not going to turn out okay. We are headed for a financial mess of horrifying proportions."
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