A world of financial freeloaders - Democratic Underground

salib

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Thu Jan-22-09 12:57 PM
Original message

A world of financial freeloaders

This one lays it out in very simple terms (from Asia Times Online):

http://www.atimes.com/atimes/Global_Economy/KA22Dj01.html

The latest budget deficit horrors don't even take into account hundreds of billions of dollars in "supplemental appropriations" that the US Congress authorizes and which in the past 12 months amounted to more than an incredible US$1.4 trillion of additional public debt. We are so, so doomed!!!

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dixiegrrrrl

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Thu Jan-22-09 01:37 PM
Response to Original message

1. Look on the bright side....

When the dollar crashes, all the debts will be worthless.

:crazy:

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tech3149

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Thu Jan-22-09 02:09 PM
Response to Original message

2. Nobody says it like Mogambu Guru

At least I can laugh while tearing my hair out.

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