The National Debt

[Trooper_IHB]

It means almost $30,000 in debt for each man, woman, child and infant in the United States.

And like homeowners who took out adjustable-rate mortgages, the government faces the prospect of seeing this debt - now at relatively low interest rates - rolling over to higher rates, multiplying the financial pain.

National Debt Grows $1 Million a Minute - AOL Money & Finance

 

[EvaLSeraphim_IHB]

{Sigh}

 

[awgee_IHB]

Where do we send the keys?

 

[WINEX_IHB]

Don't worry. The Feds will bail us out of this debt!

Oh wait....

 

[No_Such_Reality_IHB]

Actually Ben will bail us out of this debt. He'll print money until the dollar is on par with the Lira.

 

[IrvineRenter_IHB]

"Actually Ben will bail us out of this debt. He'll print money until the dollar is on par with the Lira."

There is truth in that statement. A side benefit of inflation and dollar devaluation is a reduction in debt.

 

[WINEX_IHB]

Inflation - Adam Smith's other invisible hand.

 

[mino2126_IHB]

I thought Dorthy would arrive, click her ruby red slippers three times, and poof the debt is gone? Guess I didn't drink the right Kool-Aid.