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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)
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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.)
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To: paul51

And when the interest paid on that borrowing goes overseas there is no direct multiplier effect within this Nation’s economy.


37 posted on 06/21/2011 12:09:26 PM PDT by Portcall24
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