SniperFire
Senior Member
Oh, not the debt limit the politicians will kick down the road again in the next month.
I am talking about the real one which will change America forever. :
'Of course, the real debt ceiling is not a legislative construct its the day when it becomes impossible to print and borrow enough money to sustain those trillion-dollar deficits.
Its coming soon, and its arrival will be heralded by a massive increase in debt financing costs, which might very well devour half of our current discretionary federal spending overnight. On the other side of that lies the real fiscal cliff. You wont believe how far down it goes.'
Hello debt ceiling, my old friend | Conservative News, Views & Books
I am talking about the real one which will change America forever. :
'Of course, the real debt ceiling is not a legislative construct its the day when it becomes impossible to print and borrow enough money to sustain those trillion-dollar deficits.
Its coming soon, and its arrival will be heralded by a massive increase in debt financing costs, which might very well devour half of our current discretionary federal spending overnight. On the other side of that lies the real fiscal cliff. You wont believe how far down it goes.'
Hello debt ceiling, my old friend | Conservative News, Views & Books