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The US government is about to lose its #1 lender: You

Posted by freedomforall 8 years, 7 months ago to Economics
43 comments | Share | Flag

"I told you that the debt is now $19.5 trillion. The debt hit $18.5 trillion in November of last year… meaning that they added $1 trillion to the national debt in just 10 months.

What did you get for that $1 trillion? Did they defeat ISIS? Give everyone a massive tax rebate? Recapitalize all of their insolvent trust funds?

Nope. Nada. They made a trillion dollars vanish into thin air and have absolutely nothing to show for it."

All Comments

  • Posted by Herb7734 8 years, 7 months ago in reply to this comment.
    Hey ...nobody's perfect. However, compared to the Clintons, he's a rank amateur. Come to think of it, compared to the Clintons, most of the non- violent prisoners in Federal prisons can't compare to the Clintons. Maybe Bernie Madoff, and a few others.
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  • Posted by $ blarman 8 years, 7 months ago in reply to this comment.
    That works too. Pirates is also appropriate - people who not only steal, but do it at the point of a sword.
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  • Posted by Herb7734 8 years, 7 months ago in reply to this comment.
    I prefer what Newt Gingrich called them: "Grifters." People who make a living by cheating and stealing.
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  • Posted by tohar1 8 years, 7 months ago
    ...and yet WE are the problem. Just listen to what they say..."We don't have a spending problem! The Rich just need to pay more in taxes" When is someone going to say ENOUGH is ENOUGH?!?!
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  • Posted by chad 8 years, 7 months ago
    I am certain you are all wrong. After all 'Helicopter' Ben Bernake said that if things got really bad they could print all the money they needed and drop it from helicopters. I will be waiting in my yard for my drop.
    With other countries having purchased our treasuries and using the FRN as collateral for their own banking schemes when this fiat currency unravels it will leave billions without the wherewithal to continue their financial lives in the manner they were accustomed to. I am buying food as a hedge against all losses. My home is paid for and my car but that doesn't mean the government won't foreclose on my property for they have indebted it (property taxes). Unsure of how it might all work out.
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  • Posted by $ allosaur 8 years, 7 months ago in reply to this comment.
    Especially if it was paid for by We The People's money.
    I recall the sticky fingers of the Clintons when they left the White House.
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  • Posted by $ jdg 8 years, 7 months ago
    Most people will never realize the banking system is bankrupt until their own cash withdrawals stop working. That time is soon.
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  • Posted by Herb7734 8 years, 7 months ago in reply to this comment.
    Following the money in Washington is easy in some cases. Certain inhabitants of D.C. enter as middle class and leave as top 10% while somehow doing it on a government salary while maintaining two households, one of which is in one of the priciest neighborhoods in the country.
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  • Posted by Herb7734 8 years, 7 months ago in reply to this comment.
    It is clear to me that you have yet to encounter the craziest among us. At least one crazy creates things. The other crazy only destroys and is evil to a greater degree.Of course it's Hobson's Choice as to the two front runners, and the 3rd party is a clown.
    "there's a hellova good universe next door
    let's go"
    -- e.e.cummings
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