Quote:
Originally Posted by ChamberedRound
In addition to borrowing money, the Federal govt. is also printing more money,
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The Fed Gov isn't printing the money, the Federal Reserve is.
We're is extremely dangerous territory with our National Finances. Last years budget deficit was 1.3 trillion dollars, though, the Bush Administration has abandoned Corporate Accounting rules so it only appears to be ~250 billion. The new rules only account for money actually spent and not for money committed.
I'm scared shitless. No joke. If anyone doesn't think they might wake up in the 3rd world in the next five yearsa9or 6 months), they're not only naive to what's going on, but ignorant to it as well.
52% of Americans rely on FedGov spending for their income. The only 48% - Unemployed will find their wages, if there are any, to be worthless.