These meatheads. The total national debt is now 100% of GDP. This is good news?
In 2010, we turn over more than 2 trillion dollars worth of short term Treasuries, and sell new Treasuries amounting to 1.5 trillion dollars.
We cannot do this much longer, because we will reach a tipping point where this debt will have no hope of being repaid.
The Cloward–Piven strategy is right on schedule...................
And the band played on.....
Next step is to raid the 401Ks or people and pension funds by forcing them to buy Treasury Debt.
No one wants to address the decades old practice of raiding SS taxes to pay current benefits and other forms of spending. The debt keeps increasing because that number is also increasing.