Thursday, April 21, 2011

We're the Government- We View the Law As a Suggestion When We Are Concerned

Here's the problem in a nut shell. The treasury has to auction off 99 billion dollars in debt next week. That amount of debt will take us 4 billion dollars beyond the legal debt ceiling. Who forces the government to adhere to it's own rules, laws, or debt ceilings?

Nobody, of course.

ZeroHedge showcasing the math. http://www.zerohedge.com/article/treasury-hopes-auction-99-billion-bonds-next-week-can-it

2 comments:

conservativesonfire said...

What's a few billion among friends?

Toaster 802 said...

from Last of the Mohicans;

"When they set aside their law as and when they wish, they no longer have rightful authority over us. All they have then is tyranny, and I will not live under that yoke, so I will stay here no longer..."

Yeah, that is about where I am at...