The Dems are looking at revising the debt ceiling upward, months before they planned. . . . a midterm disaster for these folks. he he he

Here is a headline hyperlinked to a full text article. Midknight Review has not read the article. We have not clicked on the link. Obviously, you can if you so choose. The only reason for the headline is to make a point.

First, the headline:

AMERICA'S NATIONAL DEBT
TOPS $13,000,000,000,000;
DEBT PER TAXPAYER - $117,975;
US DEBT TO GDP RATIO - 90.3%


Now, the reason for headline:

Before the first of the year, Congress raised the debt ceiling to 14 trillion dollars, in the hope of not having to increase that debt ceiling again, before the midterm elections. Politics. The problem, for the Dems, is that they have reached the 13 trillion dollar mark months ahead of schedule. There is a great chance that the debt ceiling will be hit a full month before November. Understand that the increase will take the Federal debt to above 100% of the total income this country is able to produce - called Gross National Product or GDP. Greece, an economy in full collapse, has a debt total of 113% of their GDP. We are running a scary second place to that distant country.

Yet, another reason for getting rid of any and all Congressional folk who believe in the mindless "spend out way to prosperity" nonsense ---- jds.
.

No comments:

Post a Comment