America’s Big Debt Problem
by The New LedgerHow much do we really owe to China? Will America’s exploding debt hamper the US economy for decades to come? Is there any path out of this? We discuss all this and more on today’s Coffee and Markets, a daily podcast from The New Ledger on politics, policy and the marketplace with Francis Cianfrocca, brought to you by BigGovernment.com.
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Related Links:
NYT: Mountains of Debt
SNL: Obama and Jintao
WSJ: The Source of Chinese Savings
TNL: The End of Chinamerica?
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10 Comments
Is there anyway out of this?
No. Not if you understand economics and finance.
What is the solution? They are going to collapse the dollar and replace it with the Amero.
Bush Started the whole borrow and spend trend in it's current form, Obama is just upping the Ante, Bush cut deals with the devils running congress. Obama is their king.
Its time for a real change people, even if it means voting for a thrid party and letting the dems screw things up for a few more years, we have to get rid of these two paarty sham scammers.
It's realy a ONE party system..
They just keep changing who gets to be in charge of committees and the white house, but there hasn't been real change in washington politics in three generations.
Obama is just the smooth puppet.
I don't think the Amero is coming – they are going for the whole enchilada this time.
One World Govt.
http://www.cafepress.com/rightwingstuff
so now, all of a sudden, the marxists/statists who are monitizing our debt to facilitate a currency crash are 'deficit hawks'?
Talk about Focus group issues. This is the ultimate CYA move of a congress with single digit approval numbers and an administration that beleives they have a birthright to transform a constitutional republic into a worker's paradise with 53% of the vote.
Believe them NOT. Vote everyone- Democrat OR Republican- out of office if they voted for the stimulus, or the health care debacle, or cap and trade.
Throw ALL of them out. Their mea culpas now are not to be believed but derided…
Speaking of debt. you can visualize $1 trillion here http://www.mnsd56.com/20091125158/visualizing-1-t...
The original author is unknown. But thank you whoever it was.
Speaking of debt. you can visualize $1 trillion here http://www.mnsd56.com/20091125158/visualizing-1-t...
The original author is unknown. But thank you whoever it was.
Wake up America! I hear the economists still talking like there is a light at the end of the tunnel on this financial mess Obama has created! Remember he voted for the Bush stimulas before he tweeked it along Pelosi and Reid adding 4000 ear marks that were all illadvised as well as simply bribes for votes and campaign bribes! There is no way out without making the governementa whole lot small and do it quickly. It like your credit card. You run a pile of debt on it and then interest kicks in adn then you pay the minium time and time again and the balance keeps rising. You have noticed that right? well our federal debt is just like that only a much larger number! instead of thousands its trillions and soon to be quad-trillions! Right now as we speak, we can not pay the interest payment which causes the balance to grow faster which sets us deeper and deeper in the hole!
Soon the only ways to get out of this mess Obama is perpetuating will be to give up land to foriegn governments or go to war and hope we win! wake Up america! These progressives and liberal kooks are running us into the ground and doing so happily! Why? what are they getting and from whom are they getting it? Wake Up America! take back your country before it is really too late! They are enslaving your children.
Look at the climate scandal they have been caught lying about global warming and yet the lame stream media and the president still continue claimingthe world is about to be destoryed by carbon gases! It's a lie! we have proof from the sciencists that are the biggest supporters showing they lied. It's no longer a question! They lied and admitted it! Yet Obama is still pushing to steal your wealth and enslave your children! He needs to be impeached or better yet overflown by us the people! It is time to for civil disobience! Take to the streets! Call on the military to go with us and take back our country. Talk to your local police and fire fighters enlist them to help! wake Up america! take back your country from these liars and thieves. Kick the whole mess of &%%$%# liars and thieves out of Washington and into jails! wake Up America! we have to fight for our rights and our childrens futures! Wake Up!