posted on 12/01/2011 2:15:46 PM PST
USdebtclock.org also has US unfunded liabilities to GDP ratio of 775% now.
And projected to be 811% of GDP in 2015 at current rates of growth.
We are almost at the Statutory Debt Limit passed this summer. The Super Congress has failed. We are now bailing out Europe with US taxpayer dollars.
posted on 12/01/2011 2:18:18 PM PST
(Election 2012: THE RAPTURE OF THE DEMOCRATS)
The Federal Reserve is now our Government. Its really up to them what the Gov’t spends, what interest rate it pays, and possibly to a large extent, what they spend money one.
posted on 12/01/2011 2:20:24 PM PST
If interest even goes up by two percent, it’s going to get messy.
posted on 12/01/2011 2:20:51 PM PST
(If a person won't learn under the best of times, than he must learn under the worst of times.)
posted on 12/01/2011 3:06:38 PM PST
(The piss-stream media - Never to be watched again in my house)
Our debt-to-GDP is higher than that. And Tyler, there’s no safety in the US dollar, and the US default process will be completed.
posted on 12/01/2011 3:32:36 PM PST
("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
posted on 12/01/2011 10:13:54 PM PST
(Nuclear-tipped Ballistic Missiles: The Ultimate Phallic Symbol)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson