Everyone please understand that this debate is irrelevant. Our structural obligations, combined with our debt, are going to crush our economy. And it is going to happen a lot sooner than anyone is predicting. There is a global war underway right now, being fought with conventional and non-conventional weapons as well as economic policy, over the supremacy of the dollar. Adm. Mike Mullen said the federal debt was the single greatest strategic threat to the US. Is defending the currency is now a military objective? At what cost? There has to be a better way forward.
On Mon, May 16, 2011 at 6:56 PM, Sam <[email protected]> wrote: > > > http://www.washingtontimes.com/news/2010/mar/26/cbos-2020-vision-debt-will-rise-to-90-of-gdp/ > > The federal public debt, which was $6.3 trillion ($56,000 per > household) when Mr. Obama entered office amid an economic crisis, > totals $8.2 trillion ($72,000 per household) today, and its headed > toward $20.3 trillion (more than $170,000 per household) in 2020, > according to CBOs deficit estimates. > > > We just hit $14 trillion so I guess they were wrong. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337918 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
