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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (88040)9/19/2013 1:26:11 PM
From: Woody_Nickels3 Recommendations

Recommended By
GROUND ZERO™
John
Wayners

  Read Replies (1) | Respond to of 103300
 
The FRB can't taper or raise interest
rates. At $17 T in debt, if rates rise
to 5.5%, just the interest on the debt
will be $1 T. That's most of the $
that the gov't collects in income tax,
every year.

The USA is essentially BK!!!
Keeping rates low only delays the
'chickens coming home to roost'.



To: Wayners who wrote (88040)9/26/2013 4:50:27 PM
From: DuckTapeSunroof  Respond to of 103300
 
Re: "GDP equals the ability to borrow more money at low interest, backed by the fewer and fewer taxpayers remaining. GDP isn't based on revenue collected, it's based on consumption...."

NONE of that makes any sense.

See this post:

Message 29134123


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