Follow BeltwayBlips on Twitter
Who Will Bail Out Uncle Sam?
The Corner on National Review Online —
Tuesday, December 16, 2008 [image] Who Will Bail Out Uncle Sam? [John J. Miller] Here's a short editorial to make you sit up straight, courtesy of the Washington Examiner : The United States of America is bankrupt. Don t believe it? Consider this: Federal obligations now exceed the collective net worth of all Americans, according to the New York-based Peter G. Peterson Foundation. Washington politicians and bureaucrats have essentially mortgaged everything We the People own so they can keep spending our tax dollars like there s no tomorrow. The foundation s grim calculations ...
Wherein the Economic State of the US Makes Me Sound Like Scooby Doo
The Sundries Shack —
... a discount rate of 0.5%. In addition to the interest rate policy changes, the Fed also signaled that it will continue to explore more unconventional ways to boost economic activity… In addition to aggressive rate cuts, the government has been forced to essentially print more money to help pay for several new initiatives aimed at aiding the weak economy. Flooding the economy with cash has helped ease the credit crunch, but it has also worked to undermine the dollar’s strength. RUT ROH … The United States of America is bankrupt. Don’t believe it? Consider this: Federal ...
WHO WILL BAIL OUT UNCLE SAM? “The United States of America is bankrupt. Don’t believe it? Conside…
Instapundit —
... WHO WILL BAIL OUT UNCLE SAM? “The United States of America is bankrupt. Don’t believe it? Consider this: Federal obligations now exceed the collective net worth of all Americans, according to the New York-based Peter G. Peterson Foundation. Washington politicians and bureaucrats have essentially mortgaged everything We the People own so they can keep spending our tax dollars like there’s no tomorrow.” If these numbers are accurate, it’s very bad news. ...
How do we pay back all this debt?
TigerHawk —
My continuing and unshakeable faith in the American system notwithstanding, it is painfully clear that the credit of the United States and therefore our standard of living will suffer if we do not both restart our economy and show a credible plan for paying back all the money that we are borrowing now. The problem, of course, is not the current borrowing but the massive unfunded liabilities for public pensions, healthcare, and now the personal indebtedness, through financial institutions, of tens of millions of Americans who borrowed more money than they could afford to pay ...
Wednesday Instahoglets
Newshoggers.com —
... By Cernig
- They love us, they really...ummm. Marc Lynch on a new poll which says American bases in the Persian Gulf are almost universally detested.
- So why is the US there? Iran? Gareth Porter writes that "Iran is seen as having ambitions of regional hegemony, but it lacks the military power normally associated with such a role".
- Federal obligations now exceed the collective net worth of all Americans. Does that mean the U.S. is bankrupt?
- George W. Bush: “I've abandoned free-market principles to save the ...
Viking Pundit — Send the repo men...we're broke [image] From the DC Examiner " Who will bail out Uncle Sam ?" The United States of America is bankrupt. Don't believe it? Consider this: Federal obligations now exceed the collective net worth of all Americans, according to the New York-based Peter G. Peterson Foundation. Washington politicians and bureaucrats have essentially mortgaged everything We the People own so they can keep spending our tax dollars like there’s no tomorrow. The foundation's grim calculations are based on Sept. 30 consolidated federal statements, which showed that ...
More “Comfort And Joy”: Who Will Bail Out Uncle Sam?
Pat Dollard | Young Americans —
Four Economic Nukes
DC Examiner:
The United States of America is bankrupt. Don’t believe it? Consider this: Federal obligations now exceed the collective net worth of all Americans, according to the New York-based Peter G. Peterson Foundation. Washington politicians and bureaucrats have essentially mortgaged everything We the People own so they can keep spending our tax dollars like there’s no tomorrow.
The foundation’s grim calculations are based on Sept. 30 consolidated federal statements, which showed that Americans’ total ...
Baleful Times
N/A —
... Who we gonna bail next? “The United States of America is bankrupt. Don’t believe it? Consider this: Federal obligations now exceed the collective net worth of all Americans, according to the New York-based Peter G. Peterson Foundation. Washington politicians and bureaucrats have essentially mortgaged everything We the People own so they can keep spending our tax dollars like there’s no tomorrow.” ...
