ex cathedra: Forgive us our debts

Wednesday, June 09, 2010

Forgive us our debts

So, the Obama debt will be $19 trillion in 2015, larger than the GDP. This is 19 million times a million, a 19 followed by 12 zeros: $19,000,000,000,000. That's $26 million dollars a day for every day since the birth of Christ...

I am no economist, but is there some reason that my common-sense belief that this is catastrophic and disastrous is wrong?

And if GWB had set such a thing in motion, that we'd be hearing about it in apocalyptic screams 24/7?

Why is this mega-debt a good thing?

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1 comment:

S.Marner said...: $678.25; 7:24 PM, June 11, 2010

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Toward Our Future

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Liberals believe that the chief role of the State is to force everyone to be equal, (ie, take vengeance on the successful). So when they are confronted with any group that they deem less well off than themselves, they are morally disarmed, completely and utterly. Any group that can achieve Victim Status is on their way to power and the (White) liberal's only job is to give them what they want, no matter how much that damages him. And nothing may ever be expected, much less demanded, of them in return. It's a recipe for suicide: no other outcome is possible.