“Obama: Raise debt ceiling or risk global recession”
Or in other words:
“You better let me put a few more sticks of dynamite on the pile around you, or I’ll blow you sky-high”
To: NormsRevenge
“Obama: Raise debt ceiling or risk global recession”
Or in other words:
“You better let me put a few more sticks of dynamite on the pile around you, or I’ll blow you sky-high”
What a brilliant analogy.
We are being lied to by everyone in the White House, Treasury Department and Fed. The BEST thing the US could do would be to freeze the debt ceiling. Then government spending would have to be slashed and the world financial community would reward that event with a huge rush to buy US dollars now that they were no longer at risk of being devalued. Unless of course the Fed decided to print $1.7 billion to cover next year’s and use those dollars to pay the employees, suppliers and interest on the existing debt. Can anyone say “monetization” and “hyperinflation”?