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…in essence the spenders are negotiating among themselves how much debt they’re going to burden you with. It’s like you and your missus announcing you’ve set your new credit limit at $1.3 million, and then telling the bank to send demands for repayment to Mr. and Mrs. Smith’s kindergartner next door… Mark Steyn […] July 16th, 2011 | Tags: "green jobs", debt ceiling, Global GDP, John Kitchen, Menzie Chinn, Van Jones | Category: Barack Obama, Congress, Federal spending, Taxes, Treasury Department | Comments are closed
H/T Glenn Beck Kevin D. Williamson National Review Online 9/9/2010 Just a reminder: We are in trouble. I have argued that the real national debt is about $130 trillion. Let’s say I’m being pessimistic. Forbes, in a 2008 article, came up with a lower number: $70 trillion. Let’s say the sunny optimists at Forbes got […] September 13th, 2010 | Tags: Global GDP, national debt | Category: Economy, Federal spending, Taxes | Comments are closed
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