Tuesday 8 March 2011

Ponder this number a few times...

http://www.washingtontimes.com/news/2011/mar/7/government-posts-biggest-monthly-deficit-ever/

The federal government posted its largest monthly deficit in history in February, a $223 billion shortfall that put a sharp point on the current fight on Capitol Hill about how deeply to cut this year’s spending.

Debts exceed any capacity to pay...holes in budgets are massive...if the Fed stops QE...the house of cards crumbles! Ponder quietly.

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