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America's Fiscal Stupidity Mirrors Detroit

Drik Wrote: Mar 02, 2013 8:09 PM
Actual EFFECTIVE inflation rate with food and energy costs of about 22% combined with the the ongoing massive "redistribution" that is QE3, to the tune of a trillion extra new dollars being printed and flushed into circulation each year, means that the equity of America is being burned into debt as fast as the DC crowd can give it away. After they take their cut.
stuart97 Wrote: Mar 02, 2013 10:26 PM
Read somewhere today that Obama's deficit has now reached $6,000,000,000,000.

Does anyone know where that amount of money, over and above tax receipts, went? That's some serious bucks.

(To be fair, I'd like to know where the George Bush deficits went, too. But Bush clearly is not in Obama's league when it comes to spreading the wealth you don't have.)
PhillupSpace2 Wrote: Mar 02, 2013 10:52 PM
Yep, Bush was definitely "BUSH LEAGUE"!!! when it came to spreading the wealth. He was also a piker when it came to spreading Hatred, envy, and Racial unrest!

It’s fitting that on the day Washington, DC is cutting the budget by an agreement that they really didn’t mean, that the city of Detroit will finally get what’s it has needed for a long time: declaration of fiscal disaster.

Michigan’s Rick Snyder has appointed an emergency city manager to do for Detroit what Obama, Biden, the UAW, GM, Chrysler, the city’s council and mayor have not been able to even with a $80 billion bailout of the automotive industry.

“Snyder’s decision comes after a state review team report concluded last week that Detroit is in a financial...