"Recently, we have been issuing new debt mainly to pay back the old, and any twelve-year-old can see where that leads."
Trump/Republicans are working hard to set a National debt record.
~$32 billion left to go. $20 trillion! Great!,Wonderful! Really nice!
What happens when debt can't be paid back?
You silly people! Everyone knows it disappears & we can start over.
Debt is great until it bites one in the butt although it could never happen to you!
JHK talks narratives.If it comes from Rs & Ds,it's BS!
I understand Kunstler's oil analysis but an economic Black Swan can take down the status quo in short order. http://kunstler.com/clusterfuck-nation/narratives-not-truths/
"I'll gladly pay you Tuesday for a hamburger today." - Wimpy
"Recently, we have been issuing new debt mainly to pay back the old, and any twelve-year-old can see where that leads."
Trump/Republicans are working hard to set a National debt record.
~$32 billion left to go. $20 trillion! Great!,Wonderful! Really nice!
What happens when debt can't be paid back?
You silly people! Everyone knows it disappears & we can start over.
Debt is great until it bites one in the butt although it could never happen to you!
JHK talks narratives.If it comes from Rs & Ds,it's BS!
I understand Kunstler's oil analysis but an economic Black Swan can take down the status quo in short order.
http://kunstler.com/clusterfuck-nation/narratives-not-truths/
"I'll gladly pay you Tuesday for a hamburger today." - Wimpy