tag:blogger.com,1999:blog-6399730406480392183.post1748692439869290143..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Washington's Looming Debt ProblemA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6399730406480392183.post-44649105255631978082015-02-25T15:49:01.468-04:002015-02-25T15:49:01.468-04:00http://www.acting-man.com/?p=36035 Just for revisi...http://www.acting-man.com/?p=36035 Just for revisions to the data and problem solved. No need to even "issue numbers on a computer someplace" Just change the data and the debt goes away. Out of sight out of mind, and out of existence.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-45328199679728508202015-02-21T12:28:02.903-04:002015-02-21T12:28:02.903-04:00The National Debt crossed over the 18 trillion dol...The National Debt crossed over the 18 trillion dollars mark as we continue to hear from the media how robust economic growth has helped push the U.S. budget deficit down to the lowest level since 2008. Claims of the sharpest turnaround in the government’s fiscal position in at least 46 years are targeted at reassuring American that Washington has got our back. This has led some Americans into thinking the worst of our problems are in the rear view mirror. <br /><br />One thing is crystal clear, running up debt is far easier than paying it off. The powers that be promote the myth of a falling deficit and the general overall rosy scenario that we can outgrow many of the problems we face. The ugly truth many people choose to ignore is that starting in 2017 entitlements will become the driving force and carry the deficit in to nosebleed territory. We are mired in the mist of the greatest government debt bubble in the history of the world. The article below delves into how with our artificially low interest rates many people seem to have little desire to stop the coming disaster.<br /><br />http://brucewilds.blogspot.com/2014/11/deficit-poised-to-top-18-trillion.htmlBruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-73745190577115325062015-02-21T12:25:19.989-04:002015-02-21T12:25:19.989-04:00Many people feel we can just print more money, but...Many people feel we can just print more money, but I'm not one of them. At one time a billion dollars was a lot of money and it still is. Most people that haven't given it much thought might not think so considering how modern media and politicians throw the "B" word around. On several occasions I have heard both Washington politicians and the news media accidentally confuse a billion dollars with its much smaller sister the million marker.<br /><br />This drives me crazy. With a billion dollars being a thousand time larger this confusion is undefendable. The article below is a primmer on the ugly math of our debt delving into how much it cost each and every American when the government spends a billion dollar. Remember the deficit is set to soar in coming years.<br /><br />http://brucewilds.blogspot.com/2014/10/an-ugly-math-primer-on-american-debt.htmlBruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-30657374104213194232015-02-20T13:14:06.028-04:002015-02-20T13:14:06.028-04:00Honestly of all the problems that the US has I thi...Honestly of all the problems that the US has I think the Federal Government's debt is the least of them. All it takes is for a computer someplace to issue some numbers and like magic an extra 100 billion is found that can pay off whatever, it’s all make believe anyway. The dollar isn't backed by anything but as long as it is the world’s reserve currency we can magically make enough of them to cover anything we need with no fear of true inflation.Anonymousnoreply@blogger.com