11.29.2009

The bankruptcy of the United States is now certain

Read more here:
" It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?"
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Note: Bankruptcy is the kiss of death for me and you - but not for D Trump or a government - for them it is an excusable business move - why the double standard? Who can explain the moronic decisions these folks are responsible for participating? By the way - which Universities did these clowns attend? We need a list so the parents can see what their kids are being fed.

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