Article Image
News Link • Obama Administration

America Will Pass $13 Trillion In Total Debt Next Tuesday

• ZeroHedge.com
 
The next important support level of $14 trillion will be surpassed around the time the Democrats get destroyed in the mid-term elections, while the statutory debt limit of $14.3 trillion will likely have to be raised in January 2011 by a new republican majority, an action which will promptly reduce popular republican support following their ladnslide election victory, thus starting the pointless D->R->D->R etc cycle all over again. Also, at approximately that time headlines that US debt is now 100% of GDP will bring the US bond vigilantes out of hibernation and will send US interest rates soaring, assisted by Ben Bernanke's most recent announcement that the Fed will is once again"forced" to purchase another $1.5 trillion in treasuries and mortgages.

2 Comments in Response to

Comment by Maddawg Mcclowski
Entered on:

 After July or August TSWHTF, and all of this won't matter. We will be starting all over again

Comment by Anonymous
Entered on:

There is this fascinating ad of a talking baby in a diaper that says “it is not my debt”.  It is this debt that brought forth all the milk for babies in this richest and mightiest country on the planet.  So I say to this complaining baby in the ad that if it isn’t your debt, it isn’t your milk either. The baby must choose: a talking philosophy or milk.  It can’t live on philosophy as a political propaganda, but it can – on milk, although it may say to itself milk is not my debt … and be damned as an ingrate.

 

 

 

 


Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


Purse.IO Save on All Amazon Purchases