“No debt crisis” is provably a lie.
With interest rates being artificially held extremely low, the payment on the national debt still amounts to 350 billion a year, more than multiple agency budgets combined.
If the interest rate were to go up to even half of it’s normal level, then that interest payment on the national debt would jump immediately to 700 billion, the total amount of the defense budget.
IOW, there is an interest bubble, a stock bubble, an inflation bubble, and a debt bubble.
If the inflation bubble bursts, then all the others will have to burst as well.
It will bring about a depression.
Obama is lying through his teeth.
nobama is a Moslem. He’s practicing Taqiyya.