Wednesday, August 3, 2011

The truth about the debt settlement

This one is worth quoting in full, from Mike Tuggle at Rebellion:

We're over $14 trillion in debt. (Hey, anyone out there know who got us into that mess?) Anyway, the best and the brightest convened in DC, where they squabbled, haggled, and hectored to find a way out of this crisis. Finally, they hammered out a solution, one that I must confess I would never have thought of:


Add another $7 trillion to our debt.

Wow.

Yes, you read that right. Already drowning in debt, the DC Empire just passed "the largest increase in the debt limit in U.S. history."

As I've said before, trying to survive in the 21st century without a huge central government would be like trying to swim the English Channel without your barbells. (Emphasis added)

No comments: