[Rushtalk] Absolutely!

Steven Laib slaib at att.net
Fri Jul 7 20:21:22 MDT 2017


Houston has the same problem.  And it just got hit by the courts for an 800 billion dollar judgement for an illegal tax.  And they have already spent all the money. 

Sent from my iPad

> On Jul 7, 2017, at 12:59 PM, John Quayle <blueoval57 at verizon.net> wrote:
> 
>                     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:
>> 
>> 
>>  
>> If We Can They Can: Should Governments Be Forced To Live Within Their Means? 
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