Monday, April 04, 2011

US Financial Destruction


The federal government took in $128B in March but spent $1T, borrowing $780B and drawing down cash by $70B. Even Democrat Erskine Bowles said "This debt and these deficits that we are incurring on an annual basis are like a cancer and they are truly going to destroy this country from within....".

Wrong tense Erskine, the country is already financially destroyed and there is nothing that can be done to save it. Unless, of course, you're ready to kill every single person on Social Security, Medicare and Medicaid, end Earned Income Credits for bastards, dismantle every federal agency except the DOD (which will have to have it's budget cut by 75%). Then force the survivors to work for their college educated minimum wage job selling Chinese crap to each other for a decade while paying a 50% tax rate. They can walk, sit in the dark and cold shack, eat gruel and die of common colds.

That might dig the US out of the $14.5T pile of debt it has accumulated. But probably not.

0 Comments:

Post a Comment

<< Home