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Consideration required
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BAR[_2_]
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First recorded activity by BoatBanter: Jun 2008
Posts: 5,868
Consideration required
In article ,
says...
On Thu, 11 Feb 2010 20:17:08 -0800, "nom=de=plume"
wrote:
According to you.
If you do much reading, you will find a lot of financial people are
asking the same questions about how long we can continue the raise the
debt limit and how we will deal with the entitlements when they
explode in our face..
Huh?? Lots of financial people (aka economists) ask those questions. We
can't continue to raise it forever, but it's no where near an unusual dept
to GDP crisis.
The end of the SS surplus is straight from the trustees report on
SSA.GOV,
The demographics of the number of baby boomers vs the following
generations who have to pay the bill is available from the census.
The amount of our debt that is held by foreigners is from the treasury
department.
The percentage of discretionary spending vs entitlements, out in the
future is from OMB.
You may disagree with how I connect the dots but the dots are fact.
Typically, dots are connected with some sort of logic.
The warnings are out there but sometimes you just have to let the baby
touch the stove.
See you in 2012
At least one elected official knows what to do:
http://wcbstv.com/local/governor.chr...2.1487727.html
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