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*** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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Poster Handle
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galdur |
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Post Content
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Actually, the federal govt´s liabilities, including contingent liabilities (unfunded) come to about $120 TRILLION looking forward.
Quoting: galdurAw, we can pay that off with a little more hope and change. The dollar is super elastic mega plastic and Bernanke can QE to infinity and beyond boldly printing where no printer has gone before!  Bennie seems a bit hesitant now. I guess it´s starting to dawn on him that creating $5+ in new debt to generate $1 in economic growth isn´t sustainable.
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