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To: Gasshog

He will be the first president to file bankruptcy on behalf of the nation


13 posted on 12/17/2015 3:54:49 PM PST by al baby (Hi Mom)
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To: al baby
He will be the first president to file bankruptcy on behalf of the nation

Naw. That will not happen for quite a while if it ever happens. We are not even close. Obama added $10T and we are not close to that point.

One thing to look for is rising interest rates & impact on interest on the debt that starts sucking up most of the budget. Obama has enjoyed interest rates near zero. Now the fed has started raising rates. as the rates go up, feds will raise more taxes, print more money and reduce benefits. That process will go on a while. No dramatic bankruptcy. Just slow death with mass riots of the entitled masses bitching when the checks stop coming.

31 posted on 12/17/2015 4:08:10 PM PST by plain talk
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To: al baby
He will be the first president to file bankruptcy on behalf of the nation

As always, Trump gets stuck cleaning up other people's messes.

101 posted on 12/17/2015 4:58:22 PM PST by SamAdams76
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To: al baby

It’s been bankrupt for some time. Might as well be honest about it.


159 posted on 12/17/2015 6:34:52 PM PST by Henry Hnyellar
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To: al baby
He will be the first president to file bankruptcy on behalf of the nation

LOL! al baby strikes again!

178 posted on 12/17/2015 7:44:30 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: al baby

hahahaha...but you know something? YOur’e right.

Who has more power? The guy to whom YOU owe $100,000 or the guy who owes you $100,000?


208 posted on 12/18/2015 2:03:14 AM PST by nikos1121 ("Peace will come when the Arabs will love their children more than they hate us."-- Golda Meir)
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