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Posted on 12/27/2011 8:34:14 AM PST by SeekAndFind
Awwwww
Golly
Geee
Darnit!
And Congress is on their Christmas Holiday break until what, February?
I always found intersecting lines interesting in math. Here we have falling GDP and rising debt. Didn’t economists used to have a warning about this? Shouldn’t there be a light at this intersection? Isn’t intersections where most traffic fatalities occur?
HOPEY-CHANGEY!!
The debt limit was supposed to last until after the 2012 elections.
When the FED started buying securities to prop up the stock markets, I knew it wouldn’t last long.
It didn’t.
Hey! It was Christmas, dude! We can pay that shit off in January when our checks come!.....er, forgot about the Newports, the forties, the lotto and the Huggies....let’s make that February.....no, wait....the loan payment on the car title is due then....Okay...Okay...that refund anticipation loan for my EITC check will be here by March....Yeah....March...that’s it - we can make a payment on it in March....shit, they gonna charge up my EBT on March 1, anyways.......we rollin’ in it!
Now there’s a group of my favorite a-holes.
That was quick, wasn’t it? And the borrowing is only gonna accelerate from here.
Our politicians have decided that Americans can’t be allowed to feel any pain whatsoever. Whenever someone proposes to cut (or not extend) any kind of benefit, the gallery of sobbing victims comes out for display. Of course, when the money tree is barren, its hurt like a real SOB.
Zombie government eats everything but brains.
In the current political climate, it'd starve to death trying to live off brains.
High Treason.
hate them all.....
Woooo Boy! What was it - October when the one for all seasons was done? Is there any sanity or sense of responsibility left amongst the leadership of this republic - any at all? Money is being thrown around like pebbles in a windstorm and corruption has run amok. Who is getting all of this money? Well, I know, but is there no honor left? God help us!
The only difference between these @$$h@t$ and group of drunken sailors, is that the sailors are forced to quit when they run out of money
My wife and I are about seventy years old and struggle to keep our little farm afloat. Don’t know how much longer we can manage and it just kills me to see the lack of economic fortitude or sanity possessed in government at any level. Money is blowing out of the windows like paper in a hurricane and who knows where it goes. This country is trouble. “God, bend down and hear our prayer O’ Lord and answer us for we are deep in trouble”.
Assuming that state/local debt remains at 20 percent, and GDP remains flat this year this brings it up to 129 percent of GDP when all are combined.
This exactly matches the peak in 1946. The combined federal debt of 109 percent is slightly above the peak of 102 percent. Again, this assumes no change in the GDP.
$1.2 trillion divided by 80 million taxpayers = $15,000 borrowed in the name of each US taxpayer. If you’re a household with two taxpayers Obama just borrowed $30k in your name.
And these stupid idiots in Washington gave an increase in monthly benefits of 3.6 percent to ss recipients!!!!!!!!!!!!!
The people at the top in all three branches of government are certifiably and criminally insane because no one with an ounce of common sense and decency would be doing something like this.
While he is ON VACATION.
The _resident asks for Credit extension?
I think there may be a joke in this somewhere.
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