.
I don't think I heard right, the Bernanke said we were at 9% GDP and that by 2025 we would be at 120% GDP of debt and deficits??? 125%....
They better take a few of those %'s now and build big prison camps. We are going to need them.
They better take a few of those %'s now and build big prison camps. We are going to need them.
posted by madtom at 1:49 AM
2 Comments:
http://www.usdebtclock.org/
The scariest site on the web.
9 percent of GDP? Not hardly. More like 97 percent currently, and even then you have to ignore reality. That's the rosy picture of the debt. Not enough money in the world, literally, to cover our liabilities. But I've given up caring. If the debt limit is raised without binding laws to cut spending by at least 30 percent across the board and bankruptcy protection for local, state and federal govs from public union pensions, it won't matter. Not enough money in the world.
Just one more drink please and I promise I promise I will quit tomorrow. Just one more tonight to ease the pain and I promise I promise I will quit tomorrow. Only one more and I will be done I promise I promise I will quit tomorrow.
If they raise the limit now we will lose any chance to get any reform, they will be compromised by that vote.
I promise I promise I will quite, tomorrow.
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