From : The Market Ticker
I know, Obama wants his health plan
You do realize that the recent "PayGo" flim-flam ignores (intentionally) up to $2.6 trillion in debt (new deficits) taken on to promote that plan, right?
Do you think we can afford it?
We ran a $189.7 billion deficit this last month folks. Annualized this is a staggering $2.276 trillion dollars - for one year.
That's the difference between tax receipts and spending.
$2.276 trillion dollars.
We cannot keep doing this. Our lenders (the Chinese, Saudis and others) will not permit us to keep doing this. read more here......http://market-ticker.denninger.net/archives/1110-Obama-Care-We-Cannot-Afford-It.html
You do realize that the recent "PayGo" flim-flam ignores (intentionally) up to $2.6 trillion in debt (new deficits) taken on to promote that plan, right?
Do you think we can afford it?
We ran a $189.7 billion deficit this last month folks. Annualized this is a staggering $2.276 trillion dollars - for one year.
That's the difference between tax receipts and spending.
$2.276 trillion dollars.
We cannot keep doing this. Our lenders (the Chinese, Saudis and others) will not permit us to keep doing this. read more here......http://market-ticker.denninger.net/archives/1110-Obama-Care-We-Cannot-Afford-It.html
also another good read and website........Flopping Aces....read on
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