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#1 Won't happen now. Too much "free" stuff given out via entitlements that too many people depend upon now.
Will happen until nation broke and we are (further) reduced to serfs to our government masters.
Posted by DarthVader 2013-01-14 16:00||
#2 IMO US Debt could roughly rise to as high or near US$25.0Trilyuhn by EOY 2013, espec iff war between the US + Iran, China occurs this summer.
US Debt could reach par or under US$25.0Trilyuhn just on current spending rates - depending on how serious + protractive a US-involved NE Asia mil conflict is, US Debt can easily rise to US$40-50.0Trilyuhn by EOY 2013 just for trying to avoid a Limited or Full-scale Nuclear War in NE Asia or East Asia.
The Euros are complaining to + about Obama, in part, because the steady rise in US Debt levels or ceilings makes it harder for already debt-ridden Euro Govts-Banks to borrow from themselves increasingly debt-ridden, cautious or discretionary US Banks = Fed Reserve - THE TRADITIONAL ENDOWMENT OR ADVANTAGE OF BORROWING FROM A US FED, BANKS WID LOWER DEBT BURDEN THAN EURO-STATES, BANKS IS RAPIDLY DISAPPEARING.
All thats left is for the debt-ridden US + Euros to borrow from US RIVAL, "POST-US" WORLD #1 WANNABE RISING CHINA, + UNDEVELOPED THIRD WORLD -"Third World" per se read, CHINA AGAIN.
Posted by JosephMendiola 2013-01-14 19:12||