Raising the debt ceiling 2.4 trillion- puts another hike in the debt ceiling beyond that of the 2012 election. Not one observant citizen is surprised by that. We cannot pay existing principal. In fact- no attempt has been made to pay down principal. That cannot occur until cuts in spending are made and we can free up money to pay principal. Until then, our government (in essence) has a liar's loan. An interest only loan. Like Countrywide used to make.
The latest round of foolishness here. http://minnesota.publicradio.org/collections/special/columns/polinaut/archive/2011/05/debt_ceiling_vo.shtml
That reminds me. I need to get some more silver.
Subscribe to:
Post Comments (Atom)
-
Of all of the stupid things we do, changing our clocks each spring and fall, has to rank near the top. The anarchists of Arizona don't r...
-
Earlier this week, graphs started popping up on X and other places. Most of those graphs showed the steep and dramatic increase in popular ...
-
There is a giant swath of folks in this country who simply cannot believe what is happening. They cannot believe that a "convicted felo...
No comments:
Post a Comment