tom.matiska at att.net
Fri Jul 7 11:37:49 MDT 2017
Do "we" really live within our means? Average household credit card debt is $16K. It is $135K including mortgages and such. My pre capita share of uncle sugar's $19T is "only" another $63K++, but my school district, city, county,sanitation authority, arena authority, etc.... all have debts that add many tens of thousands per person to the picture.
Everywhere I look I see debt, an I'm not sure who it was borrowed from Few years ago someone reported the Treasury printed $7.5T more in bonds that the claimed deficit for that year. The most likely explanation is the a Fed is buying our own short term debt that is coming due in unmanageable numbers.
Are we actually "borrowing"..... or is it more a case of the Fed Reserve and Treasury colluding to simply print that which can never be repaid? We have a train wreck coming. Tom
On Friday, July 7, 2017 2:17 AM, John Quayle <blueoval57 at verizon.net> wrote:
| If We Can They Can: Should Governments Be Forced To Live Within Their Means?
Read this article |
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