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Message: Debt is so Mesmerizng ....

Debt is so Mesmerizng ....

posted on Jun 08, 2009 08:37PM
Subject: Debt clock for States

You get mesmerized by the rolling numbers which flash by in millions of dollars per second....
OK!! here is why the American dollar is getting hit.
Yes! that is 11.3 Trillion and future debt obligations are over 57 trillion dollars for Medcare, Prescription drugs and of course Social security.
How many dollars can they print and for how long before the dollar drops more ?
That spells tax hikes and budget cuts...
Not a great budget for a contracting economy.
Inflation and a falling dollar are not far off.
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