Uh-oh: “…Unemployment at 8%, $16+Trillion in debt, $1 Trillion + annual deficit, GDP growth is the worst recovery is vapid, the Rule of Law being ignored faster and faster….”
And now this:
Harry Reid on Raising Debt Limit to $18.794T: ‘We’ll Raise It’
(CNSNews.com) – Senate Majority Leader Harry Reid (D-Nev.) said on Wednesday that if the $16.394 current legal limit on the federal government’s debt must be raised in the next few months by another $2.4 trillion, “We’ll raise it.”
That would set the debt limit at $18.794 trillion.
Fine. Wonderful. Let’s have the financial armageddon come faster and harder, shall we? Not just $16 Trillion (100% of GDP) but let’s start the process of going to twice that. Gee, I thought that the purpose of our elected leaders was supposed to keep the country safe from enemies from without and within? How does raising the debt to this level accomplish this, Senator Reid? Or is this, again, a feature and not a bug? Would you get even more peevish if I said that this would make us more “susceptible”?
Wonder if that’s why this came up – TODAY (right AFTER the election)?:
Fitch Ratings threatens to downgrade the US’s credit rating.

When not caused by war, nations decay slowly and gradually (e.g., modern day France, Italy, Spain, Greece etc.).

