Wow! We’ll soon cross Sixteen Trillion Dollars in Federal Debt! S-i-x-t-e-e-n T-r-i-l-l-i-o-n D-o-l-l-a-r-s. That’s a lot of vote buying even for Washington. Is this ruin? Have we indentured our children into servitude? Solomon warned borrowers will be slaves to their lenders. Add $120 plus trillion in unfunded forthcoming liabilities and, well, we’re doomed.Read more »
The debate in Washington, D.C. over the federal debt continues as the Aug. 2 deadline for raising the “debt ceiling” approaches. Standard & Poor's has already reported that it would cut the U.S. credit rating from AAA to D, the last rung on its scale.Read more »
The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history.Read more »
Want a big federal Government? Have TOO much money? Love taxes? Wish you could pay more? Well now you can via the pay.gov website. The wonderful bureaucrats over at the treasury department are allowing anyone to voluntarily contribute more of their money to help pay for public debt. Now you and all the other blind nationalist sheep can go on bah bah-ing with each other knowing you did all you could to help YOUR government!Read more »
The national debt is currently 13.7 trillion dollars (you can round up to 14 if you ignore that piddling little GDP of Denmark). The American people could work together, movie-montage style, collecting every single physical dollar and cent in existence and they'd still have to go to Vegas*, hit the roulette tables, lay it all on black and win. Four times in a row. That's how you know you're doomed - most people crushed by debt imagine cleaning up at the casino OR having all the money in the world. When you need both, you're buggered.Read more »
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