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Business/Finance
See other Business/Finance Articles

Title: Less Urgent... but More Important
Source: [None]
URL Source: http://agorafinancial.com/2015/11/2 ... s-urgent-but-more-important/#2
Published: Nov 28, 2015
Author: Dave Gonigam
Post Date: 2015-11-28 10:20:09 by BTP Holdings
Keywords: None
Views: 151
Comments: 4

For the record: It took only 15 days for Uncle Sam to rack up another $100 billion in debt.

We’ve been keeping an eye on the national debt all this month — ever since Congress and the White House agreed to suspend the debt ceiling (again) until March 2017.

It didn’t much surprise us that the national debt grew from $18.15 trillion to $18.49 trillion between Oct. 30 and Nov. 2. It did surprise us when the total leaped $100 billion in the following three days, to $18.61 trillion.

And only 15 days since crossing the $18.6 trillion mark — the most recent figure is last Friday — we’re now past $18.7 trillion.

The figure would be even higher were it not for an anonymous donor who sent the Treasury a check for $2.2 million recently. We’re hard-pressed to think of a worse way to pour $2.2 million down the toilet than that.


Poster Comment:

The U.S. is on the cusp of total collapse. I wish I had a tenth of that $2.2 million sent to the Treasury.

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#1. To: BTP Holdings (#0)

Difficult to believe that anyone would dump 2.2M into this corrupt black hole.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2015-11-28   10:26:52 ET  Reply   Trace   Private Reply  


#2. To: Lod (#1)

One day Americans will awake to a "banking holiday".

Cynicom  posted on  2015-11-28   10:45:43 ET  Reply   Trace   Private Reply  


#3. To: Cynicom (#2)

Unless we rid ourselves of the notion that there are any institutions "too big to fail", it could most certainly happen.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2015-11-28   10:48:56 ET  Reply   Trace   Private Reply  


#4. To: Lod (#3)

This corrupt criminal government will fall, from within or without, it matters little to the masses which it will be.

Cynicom  posted on  2015-11-28   10:54:14 ET  Reply   Trace   Private Reply  


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