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'Tis unfortunately more evidencia that the "fiscal cliff" avoidance Confabs between the Bammer + opposition across the hall is about to SPSPEND SPEND SPEND, I.E. HOW TO EXPAND THE "FISCAL CLIFF", QE'S + DEFICITS, ETC. NOT REDUCE OR ELIMINATE THEM.
SANTA KLAUS IN 2012 JUST L-O-V-E-S HIS GREECE + JAPAN-STYLE, ETAL. EXCESSIVELY HIGH DEBT-TO-GDP RATIOS.
Posted by JosephMendiola 2012-11-20 01:10||
#2 The hypermassive Govt-centric Welfare-Nanny State of Amerikka + anti-US OWG-NWO MUST BE SAVED FROM AMERICA.
Posted by JosephMendiola 2012-11-20 01:12||
#3 Dollar purchasing power would fall to gdp divided by infinity.
Posted by Bright Pebbles 2012-11-20 04:02||
#4 There are still checks remaining in the checkbook....right ?
Posted by Besoeker 2012-11-20 06:24||
#5 Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity.
Life imitating art.
Grand Moff Tarkin: [walking in with Darth Vader] The Imperial Senate will no longer be of any concern to us. I have just received word that the Emperor has dissolved the Council permanently. The last remnants of the Old Republic have been swept away.
Posted by Procopius2k 2012-11-20 08:26||
#6 Does not really matter. At some point in the debt growth chart there is a steep drop off. No one is sure if it is 18 trillion... 20 trillion???? But we all know the borrowing will stop quickly well before infinity.
Posted by airandee 2012-11-20 10:00||
#7 Might as well. It isn't like the debt limit has been useful in stopping the spending.
Instead of dying by a thousand cuts, let's just cut off the head. The end result will be the same.
Posted by DarthVader 2012-11-20 11:19||
Posted by Uncle Phester 2012-11-20 14:37||
#9 airandee: yep. The markets, mainly foreign governments, would determine what our credit limit is. Ogabe will be peeved when he learns he isn't their dictator either.
Posted by RandomJD 2012-11-20 21:06||