Difference between revisions of "The Contrived Drama of the Debt Ceiling"

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(Created page with "http://dont-tread-on.me/the-contrived-drama-of-the-debt-ceiling {{tags|Money|Debt}} :We are within weeks of hitting the national debt ceiling (soon to be floor) of $14,294,000,0...")
 
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:We are within weeks of hitting the national debt ceiling (soon to be floor) of $14,294,000,000,000.00. There will be great political drama. The media will be breathlessly cover it. The American people chew their finger nails into nubs, waiting to hear their fate.  I hate to be the bearer of bad news, (actually it like it ) but the debt ceiling will be raised as we head off the cliff of hyper-inflationary depression.
 
:We are within weeks of hitting the national debt ceiling (soon to be floor) of $14,294,000,000,000.00. There will be great political drama. The media will be breathlessly cover it. The American people chew their finger nails into nubs, waiting to hear their fate.  I hate to be the bearer of bad news, (actually it like it ) but the debt ceiling will be raised as we head off the cliff of hyper-inflationary depression.
  
 
:''Here is why it will happen, our monetary system must create more money every year in excess of the debt and interest accrued the previous year.''
 
:''Here is why it will happen, our monetary system must create more money every year in excess of the debt and interest accrued the previous year.''

Latest revision as of 23:04, 9 March 2011

http://dont-tread-on.me/the-contrived-drama-of-the-debt-ceiling

We are within weeks of hitting the national debt ceiling (soon to be floor) of $14,294,000,000,000.00. There will be great political drama. The media will be breathlessly cover it. The American people chew their finger nails into nubs, waiting to hear their fate. I hate to be the bearer of bad news, (actually it like it ) but the debt ceiling will be raised as we head off the cliff of hyper-inflationary depression.
Here is why it will happen, our monetary system must create more money every year in excess of the debt and interest accrued the previous year.