August 10, 2009
US Debt: Who's buying this crap, and more importantly, who is going to be able to afford to buy this crap? I note that the Global Domestic Product was estimated in 2008 as US$70.65 trillion. That the federal debt limit was over 15% of that and it is evidently not nearly enough for what's planned by the Administration's Secretary of Tax Cheating:Geithner Asks Congress to Increase Federal Debt Limit - WSJ.com Washington -- U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is "critically important" that they act in the next two months.... The Treasury didn't request a specific increase in the letter.Translation: The sky's the limit.
Posted by Vanderleun at August 10, 2009 3:09 PM. This is an entry on the sideblog of American Digest: Check it out.