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How bad is our debt problem, anyway?


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2012 Dec 28, 2:52am   1,356 views  2 comments

by tvgnus   ➕follow (0)   💰tip   ignore  

http://www.centralvalleybusinesstimes.com/stories/001/?ID=22576

Jan. 1 unless Congress can strike a deal. The cuts and tax hikes, which total more than $500 billion, are so large and so sudden that many economists fear they would plunge the country back into recession.

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1   HEY YOU   2012 Dec 28, 4:11pm  

http://www.theburningplatform.com/?p=38718

"The fact is that the $222 trillion will not be honored, because it can’t be. The article makes that clear. This entire fraud of promises, lies and pretending will come crashing down and leave this country in a smoldering ruin. There is no courage to face the truth. What happens when the lies are revealed is anyone’s guess. Fourth Turnings are always interesting. "

2   deepcgi   2012 Dec 28, 5:27pm  

The owners of the elaborate derivative based financial instruments must be believing that they are geniuses who can never lose.

The US is not promising returns over 200 years or something reasonable for the amount of debt leveraged. It is all very short term. The Fed just keeps covering the bad plays. The super rich and/or powerful just will not lose, will they?

Somehow, they believe they can eternally keep this gigantic mountain of illiquidity out of the hands of the everyday Joe.

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