Posted on 04/14/2005 2:13:58 PM PDT by Coyote
- The only thing that made me gasp this week was that the banks suddenly dumped $22 billion in bonds last week. Kinda weird, but things have been more weird, I think.
Of course, the Treasury is still issuing debt with both hands, bringing us to almost $7.9 trillion. The interest on the national debt totaled $321.6 billion in 2004, which works out to an average of 4.1%, and it, and the total debt, will obviously be higher this year.
- Nursing a killer hangover and flipping through the TV dial in my boredom, I ended up watching C-SPAN 2, which is this strange television station that shows what is supposed to be the floor of the U.S. Senate, and they have these actors portraying elected officials in this weird format where everybody is a nitwit. In this episode, I vaguely remember watching what is, I assume, a formal debate between two Republicans and two Democrats about the Social Security "crisis." It was painfully obvious that the Democrats, as is their brain-dead wont, are idiots, and they do not have the slightest comprehension of the issue, or, if they DO have the slightest comprehension of the issue, are not the least bit embarrassed to conceal the fact. The Republicans, although they were much more well-informed as to the problem, are equally moronic about how the stock market works, as is a crucial tenet of the Social Security Privatization, for which they are so hot to get passed into law.
Like I said; nitwits. For one thing, for all their preoccupation with Social Security, they don't even mention Medicare, which is, according to Comptroller General David Walker, "is a seven to eight times greater problem than Social Security."
(Excerpt) Read more at 321gold.com ...
Ping .......!cause this is a good article and a couple of you pinged me before so is my turn considering I don't have a ping hit list!
As April 15 approaches, deposits are drawn to pay taxes. Its no suprise banks liquidate investments to cover.
He's reminiscent of Gibbon:
The philosopher, who with calm suspicion examines the dreams and omens, the miracles and prodigies, of profane or even of ecclesiastical history, will probably conclude that, if the eyes of the spectators have sometimes been deceived by fraud, the understanding of the readers has much more frequently been insulted by fiction.
... master of the zinger
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.