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Reply #8: so all that means is another $240 billion Increase in the deficit over just the next 12 months that [View All]

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stockholmer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 06:13 AM
Response to Reply #2
8. so all that means is another $240 billion Increase in the deficit over just the next 12 months that
now will have to be CUT from the budget on top of the cuts from the budget deal. And we all know that NEW 240 billion in cuts sure as hell isn't coming the war machine budget. Hello austerity 2.1.

The SS 'trust fund' is full of IOU's in the form of US treasuries (and all have been completely borrowed against long ago), and I for the life of me cannot understand how so manyin the USA think that those treasuries aren't going to be liquidated along with rest of the US assets when the massive financial collapse happens due to the inability to roll over any further debt through new treasury sales and the the concurrent dollar debasement through explosive monetary supply expansion. These and several other systemic exogenous shocks will be the primary drivers of the above mention crack-up.
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