SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: axial who wrote (20903)6/21/2009 4:27:11 AM
From: Skeeter Bug1 Recommendation  Read Replies (1) of 71456
 
>>It's a question of whether the debt can be serviced and repaid... a question of degree.<<

i've asked a number of people whether the united states would ever balance the budget.

not a single person has ever said "yes."

although clinton got close (he didn't do it - the debt rose every single year he was in office), he did so on the cusp of the credit bubble that is now taking down the world economy.

i think we can agree that game is over.

note - i didn't say one word about actually paying back debt. that's even more difficult that balancing the budget.

btw, every worker in the united states is on the line for about $600k to pay for the current obligations promised by government.

that number is *dramatically* increasing... and when interest rates go up, it will grow even faster.

i think it is a fair bet to say we've already passed the point of no return.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News