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Thursday, August 5, 2010

Debt Piled On Debt

Marty here!

Let me see if I get this right!  States have bankrupted themselves by deficit spending and now they don't have enough money to pay their bills.  So, the U.S. Senate, in their "wisdom" has authorized $26.1 billion in money the United States doesn't have to bail out the states.  Isn't that strange?  Imagine what is going to happen when the US, currently $54 TRILLION (yes, you read that right) in total debt just can't pay its bills?

This will be interesting and Obama can't blame Bush for this mess.  I guess I could loan the US enough to pay all its bills, but I doubt if they take Martian Express.

Marty out!

2 comments:

Anonymous said...

... and the states, like whores, have accepted every dime, which obligates them to bend over in the clover.

Our states are the key to our freedom. If we earthlings do not insist on soverign states, we won't have them.

Maggie Thornton said...

Dick Morris says the first 6 months will be occupied with failing states. That's a convenient position for a dictator to be confronted with.