Difference between revisions of "The Contrived Drama of the Debt Ceiling"
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Infomaniac (talk | contribs) (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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http://dont-tread-on.me/the-contrived-drama-of-the-debt-ceiling | http://dont-tread-on.me/the-contrived-drama-of-the-debt-ceiling | ||
| − | {{tags|Money|Debt}} | + | {{tags|Money|Debt|Economy}} |
: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.
