US national debt now rising by $1 triilion every 100 days.
America is bankrupt and no longer relying on hard work and innovation. The only way to survive is that of an inner-city thug, armed and dangerous, looking for trouble.
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Congress can easily wipe it out by legislation and go back to the gold standard.
TwistedApe · 51-55, M
@NativePortlander1970 i am just a small businessman, but it seems to me it might be to late for that as the US would have to default on its debt. It may be the same horrific result. But I really dont know.
@TwistedApe Since most of it is "owed" to bloated contracts, they can all take a piss.
sree251 · 41-45, M
@TwistedApe Default on its debt? Most of it is domestic and owed to Social Security, Pension Funds, 401ks, etc. Americans will be screwed by their own government.
@sree251 Social security has its own funding, so we're safe there, as well as other retirement accounts.
sree251 · 41-45, M
@NativePortlander1970 What do you mean by own funding? Uncle Sam has taken out money paid into Social Security and replaced it with IOU's. There is nothing in the kitty.