It is that wonderful time of the year when congress argues over paying existing bills with rising the debt ceiling. Some congress think printing more money is buzzirkness. Worst case scenario is default on treasury bonds and a global economy collapse !Best case, congress figures a way to lower debt keeps the velocity of money movin and we don't spin into hyper inflation while paying the bills. I ask you this,can the budget be balanced @ this point in time ? What is your opinion,Jimmy ? grazia.. How much can the Fed print,brother...
"I think people should be angry," said Maya MacGuineas, president of the non-partisan Committee for a Responsible Federal Budget. "Our political system is breaking down in ways that are having real economic costs, and most people don't realize what's happening." yada yada yada ;.
For me, Let us TALK ABOUT THE NATIONAL DEBT and trillions to Fed. Keep in mind these are approximate numbers. The two admins that help to get this debt smokin are President (George W. Bush admin) with $4.9 trillion to the debt. Under President Obama admin was another $6.5 trillion added to the national debt. I call them the spend brothers not to be confused with the spash brothers..
