National Debt
 

Bob Brinker, on today's"money talk" radio show, said that at 4%, it now costs
$440 BILLION in Interest alone to keep up with the national debt...annually!

What? Me worry? Why should I? Congress obviously isn't! :(

Yeah but Lord help me if I miss a house payment or two:rolleyes:

House payments? Some believe the USA is headed for a total currency collapse...

Well if they keep simply printing more and more money to fill the gaps collapse will have to happen to make the madness stop.

You don't just dump $12,400,000,000,000.00 into circulation with no effect.

You CAN'T just dump....

Dump it into my bank account. I guarantee you it will have an effect. :)

Seriously, one actually has to wonder if just "printing and giving" money to the population would have worked better as a "stimulus" in the economy, rather than the current policy of "printing and spending" of money through government programs.

Consider $12.4 trillion being printed and given to the roughly 100 million tax return filers.

That would translate into $124,000 for each person that filed a tax return.

Some would use that to offset the taxes they pay, some would use it to pay down debt, some would just blow it on things like new cars and big-screen TVs.

Ultimately, it would still cause the same price inflation in the economy that the "printing and spending through government programs" will cause, but one has to wonder if the "temporary boom effect" would be bigger with a wider population-based "stimulus."

It would work better, but this "stimulus" is more about control and less about actually stimulating anything.

“I am not worried about the deficit. It is big enough to take care of itself.”
-- Ronald Reagan

What a good laugh that brought...