Jim Quinn says it perfectly.

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Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Jim Quinn says it perfectly.

I really like the way Jim put this (as he can be as blunt as I am and tosses the M word around where the shoe fits). I think he is correct.

Only Japan, Zimbabwe, and Lebanon have a higher public debt as a percentage of GDP than the U.S.'s 141%. When you add all of the debt and unfunded future liabilities, it equals 840% of GDP. The game is over when you need to issue new debt to pay off old debt. We are much closer to collapse than anyone realizes. As I watched the mostly liberal talking heads today on the morning talk shows their knowledge of financial issues is on the level of a 3rd grader. These morons scoff at deficits and adding trillion dollar healthcare plans. At this crucial time in U.S. history, we are being led by a bunch of socialists who have absolutely no concern about our financial death march. I can't think of a worse scenario for our country.

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: Jim Quinn says it perfectly.

Here is the link by the way

robie robinson's picture
robie robinson
Status: Diamond Member (Online)
Joined: Aug 25 2009
Posts: 1221
Re: wonder what'll happen when...

... the "Health care" bill passes? It absolutely amazes me what idiots are capable of believing.

someone said, "Lucidity is a uniquely individual accomplishment"

 

robie

husband,father,farmer,optometrist

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: wonder what'll happen when...
robie robinson wrote:

... the "Health care" bill passes? It absolutely amazes me what idiots are capable of believing.

someone said, "Lucidity is a uniquely individual accomplishment"

 

robie

husband,father,farmer,optometrist

Isn't that true! Hope your farm is okay, we had 32" on the mountain to your west.

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