No offence taken
But my outlook is significantly rosier...We had a balanced budget before Bush and Obama inherited a ton of mess. He's added some to the pile, I agree, but you can't say the entire mountain is his.
(, Thu 31 May 2012, 21:32, Reply)
The balanced budget came from republicans and was opposed by Clinton until he signed it.
The debt is nothing now compared to what it will be when the provisions of Obamacare kick in next year.
It's truly amazing when you see all the things that Obama criticized about Bush, but maintained once he was in office.
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BrokenCoccyx get your hands off macaque, Thu 31 May 2012, 21:43,
Reply)
The entire mountain is not his
You are quite correct. But the problem is there's not enough money to pay the debt.
That's worldwide, not just the US.
Every major body is in debt to every major body.
The world owes itself to itself.
Until a proper Gold standard comes into effect it'll just be Bonds after Bonds owing Bonds to Bonds earning interest on the original Bonds that weren't really there in the first place.
House of cards. It's falling apart now. Whether you agree with it or not, it is happening. Good luck!
Oh, The Rothschilds & Rockerfellers are meeting this weekend. I wonder what about?
Who has all the money? Spanish and Greek Islands look nice, are they for sale?...
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underpont making all kinds-a-gains, Thu 31 May 2012, 21:50,
Reply)