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Howey
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« on: May 06, 2011, 08:30:18 pm »

When, to you, is eventually?  I mean, is it before the dollar is no longer the world's reserve currency, or after?  Or maybe after the world bond market decides it's had enough of US Treasury bonds and we have to jack interest rates in the double digits to get buyers?  At that point, it will be too late to do anything other than the government running out of money halfway through the budget year and can't make those medicare and social security payments.

And is that 100 years off or closer to 100 months?

Were the currently nonexistent financial problems with medicare and social security the result of them being funded with bonds or are our financial problems due to Medicare Part D, excessive tax cuts for the rich and the financing of two wars with the bonds?
« Last Edit: May 06, 2011, 10:26:34 pm by Howey » Report Spam   Logged


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