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Uh, Obama? We Have a Problem: Interest Expense to Hit $1 Trillion in 4 Years

Incredulous2 Wrote: Feb 06, 2013 5:22 AM
No problem mates. It's been discovered that the "secret" plan to stabilize the economy and create jobs is as simple as toilet tissue. Yes, that's the plan. Goobermental officers are quietly instructing members of society in numerous locations throughout this great nation that the remedy to inflation is having everyone scribble their own monetary denominations on a single sheet of toilet paper. Effective later in 2013, the Fed. reserve will then mandate that all banks, S&L's, credit unions,, will honor whatever the toilet tissue holder has scrawled as his/her denomination on that tissue. And just like the currency printed by the gooberment today, that tissue is backed by the full faith and credit of the U.S. Gooberment. Rest easy now.
CVN65 Wrote: Feb 06, 2013 10:35 AM
I'm makin' me a shtload of $5s and $1s.
Pistol Wrote: Feb 06, 2013 7:05 AM
Hmmmmmmmmm.... Sounds good at first glance, Incredulous2, but what about intrinsic value? The gooberment stuff makes excellent wall paper. Come to think, the homemade stuff is inherently useful as well.
AZhot Wrote: Feb 06, 2013 9:18 AM
Wiping with a $100 dollar bill is tough on the old hemroids.

I hate to interrupt Obama’s “We Don’t Have a Spending Problem” World Tour. But reality intervened on Tuesday as the Congressional Budget Office released a report that says that the budget deficit will grow through 2023 and “will eventually require the government to raise taxes, reduce benefits and services, or undertake some combination of those two actions,” reports CBSNews- and all of that just to cover interest payments.

“In its annual Budget and Economic Outlook,” writes CBSNews, “the CBO said debt held by the public will be bigger by 2023 than in any year since...

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