To: Qbert
it's not federal ‘spending’ when we don't have the money to spend. It's borrowing. It's not borrowing when the true national debt is 60 trillion. It's smoke and mirrors. See the difference?
4 posted on
06/21/2011 11:13:35 AM PDT by
paul51
(11 September 2001 - Never forget)
To: paul51
Yep. And it’s as real as Bernie Maddoff’s “profits” all those years... until it all came crashing down the moment that people wanted their money.
7 posted on
06/21/2011 11:18:27 AM PDT by
Qbert
("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
To: paul51
And when the interest paid on that borrowing goes overseas there is no direct multiplier effect within this Nation’s economy.
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