[Rushtalk] Absolutely!

John Quayle blueoval57 at verizon.net
Fri Jul 7 11:59:27 MDT 2017


/*Tom, as you know, we have a royal train wreck coming here in Penn's 
Woods, what with the public pension debt and _NOBODY_ seems to want to 
lift a finger to do anything about it!*/


On 7/7/2017 1:37 PM, Tom Matiska wrote:
> 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:
>
>
> <http://e.clashdaily.com/ga/click/2-84495537-37-249533-513114-3534711-0b676d0bd7-1e42768a8d> 
>
>
> 	
> If We Can They Can: Should Governments Be Forced To Live Within Their 
> Means? 
> <http://e.clashdaily.com/ga/click/2-84495537-37-249533-513114-3534711-0b676d0bd7-1e42768a8d> 
>
> Read this article 
> <http://e.clashdaily.com/ga/click/2-84495537-37-249533-513114-3534711-0b676d0bd7-1e42768a8d> 
>
>
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