How far are our politicians willing to mortgage the USA

Posted By on December 8, 2009

As the politicians in Washington continue their borrowing and spending, President Obama pitches using $200B from borrowed TARP funds for yet another stimulus … money that wouldn’t even be asked to be paid back. At the same time, the Moody credit worthiness rating company warns of potential downgrades for U.S (and other nations) if fiscal deficits and heavy debts are not effectively managed.

How far are our politicians willing to mortgage US taxpayers ... and their children? We are talking ridiculously unsustainable rates of spending and deficits that grow our debt well in to the future. (video new clip below)

Comments

  • Jacob E

    So if our dollar is about to become worthless in the near future due to all this fraud on the American taxpayer I’m thinking it’s a good time to get rid of it. Better to put it into goods and products while it can still purchase something without needing a wheelbarrow.

  • Jacob E

    So if our dollar is about to become worthless in the near future due to all this fraud on the American taxpayer I’m thinking it’s a good time to get rid of it. Better to put it into goods and products while it can still purchase something without needing a wheelbarrow.

  • Jim Dandy

    Jacob,
    I pity those with heavy debt and with little abilty to live off the land, or at least on less. Learn a trade or a skill that is needed and you’ll survive. No dollars for me. Gold if you have to hold something.

  • Jim Dandy

    Jacob,
    I pity those with heavy debt and with little abilty to live off the land, or at least on less. Learn a trade or a skill that is needed and you’ll survive. No dollars for me. Gold if you have to hold something.

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.