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What worries me is that the debt is increasing faster than GDP, significantly so. Just watch the digits spin. Time how long it takes for the 6th significant (from right) digit to go to the next value. Also look at M2.
As I’m sure you’ve heard, all congress has to do is issue a coin worth 16 trillion and hand it over to Ben.
Done deal.
[quote=paramount]As I’m sure you’ve heard, all congress has to do is issue a coin worth 16 trillion and hand it over to Ben.
Done deal.[/quote]
Hummm.. isn’t that a little related to M2??
[quote=paramount]BTW, I don’t think it really matters. It will be 100 years at the earliest before there are any consequences – if ever.
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It’s been going on a long time – I think you’re right.
[img_assist|nid=17686|title=US Debt 1960 – 2012 by percent increase|desc=|link=node|align=left|width=500|height=340]