http://en.wikipedia.org/wiki/Balance_sheet might behoove you worriers to think about the entire balance sheet of the US rather than just 1 part of it. hint: the ability to tax and print the world reserve currency is an asset.
that's the MO of a democrat, if you ever nail them, the first words out of their mouth is Reagan or Bush. They will never acknowledge they did anything wrong because they love their beloved party more than their country. Everything they do wrong can be justified because republicans also did it. So a goddamned democrat aint nuthin better than a republican. if you want to have some fun, bet on the over/under on msnbc it takes them about 7 seconds to say Republican or GOP they don't dare talk about their own party, they can only talk bad about the other party. Just out of curiosity, what is it you democrats stand for that doesn't involve taxing me more and spending more of my money? oh, that's right, you don't consider it my money, it all rightfully belongs to your party.
It's Bush's fault. And racially-motivated obstructionism. The purpose of the Presidency is to lower your golf handcap, take plenty of vacations, dictate to your secretary prose for your autobiography, and start lining up that incredibly self-enriching speaking tour and of course the monster book deals.
So printing trillions to soak up Treasury debt will have no impact on the dollars value. Looks like we got a bunch of geniuses here.
Step number 1: get elected Step number 2: do things to the extreme Step number 3: convince them you need more time, only you can save them Step number 4: get voted out, retire on sweet pension who cares? put me in GS prop desk years ago with power and i'm not going to be afraid to take risks (maybe after 1 year of networking).....and then triple down, do whatever.....it's not your debt, so who cares. take a few 100 million bonuses and then really gamble. do it big.....life is short. if you fail, take your 300 million and ... who cares what you do. give seminars for 500k a pop!!!
I take the cnbc OVER for one billion. I win.... OK, so they were at a commercial, but it still counts!!!!!
Dollar is now perhaps the strongest currency in the world...how do u explain that with all this money and debt being created?
Till https://en.m.wikipedia.org/wiki/Triffin_dilemma is resolved USA is exporting its inflation to rest of the world.