Federal Debt is now?

[Arabian]

$14,300,000,000,000.........Frightening. Thats a lot of ZERO'S

Bad part is, the government will run out of money by this time in April if it does not give itself PERMISSION to RAISE THIS NUMBER.

btw: MiPlank, thats TRILLION not MILLION.

 

[Strongbow]

Somebody needs to seiz PuddleMonkey's Wic card and cut his food stamps in half. That should carry us till December.

 

[miplank]

$14,300,000,000,000.........Frightening. Thats a lot of ZERO'S

Bad part is, the government will run out of money by this time in April if it does not give itself PERMISSION to RAISE THIS NUMBER.

btw: MiPlank, thats TRILLION not MILLION.

chump change

 

[mrplunkey]

Don't raise the ceiling until all agree to massive cuts.

 

[Creepusmaximus]

The fed will just inflate us out of this. Sucks to be old and on a fixed income.

Those are the people who caused all this so fuck them......

 

[mrplunkey]

The fed will just inflate us out of this. Sucks to be old and on a fixed income.

Those are the people who caused all this so fuck them......

That's a common misconception. Most of our debt is very short term. Inflation would drive interest rates higher and our overall debt wouldn't fall that much.

The other problem is our entitlements. Most of those (i.e. social security) are indexed to the cost of living. So when that skyrockets, so does our entitlement cost (as if it hasn't skyrocketed enough already).