Monday, May 9, 2011

What's a Couple Thousand Billion?

As it turns out, just enough money to get the country past the next election. A pretty clear signal that nobody has any intention of paying it anyway.

Wouldn't you just love a credit card where every time you used 100k on it, the bank just extended you another 200k? You never have to pay the principal. Eternal Christmas. Irving Berlin in my head. 

Remember. All debt is either re-paid by the borrower or paid by the lender.

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