View Single Post
Old 10-08-2011, 08:44 PM   #28
mikeyyuiok

Join Date
Oct 2005
Posts
502
Senior Member
Default
How? How when you look at 10 year bonds and the fact we will be be over 30 trillion in debt by the based on current spending. How do you and the phidelphia inquirer think we will be able to meet all the obligations?

The only way to pay the debt then will be with 70% income tax rates on everyone and cutting entitlememnt programs in half.
There is another option and Greenspan made mention of it the other day. You just print more money.

Greenspan US Can Pay Any Debt. We just print more money.
mikeyyuiok is offline


 

All times are GMT +1. The time now is 04:40 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Design & Developed by Amodity.com
Copyright© Amodity