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House BCC Ryan: U.S. debt to hit 800% of GDP
Posted: April 6th, 2011, 1:50 pm
by Col. Flagg
http://cnsnews.com/news/article/rep-rya ... do-nothing" onclick="window.open(this.href);return false;
(CNSNews.com) – House Budget Chairman Congressman Paul Ryan (R-Wis.) said President Barack Obama’s budget strategy is to “do nothing, punt, duck, kick the can down the road” while the debt remains on track to eventually hit 800 percent of GDP. Ryan added that the CBO is saying it "can't conceive of any way" that the economy can continue past 2037 given its current trajectory.
2037??? We'll be lucky to make it to 2017. 
Ryan also said that the House Republicans’ FY2012 budget, which he unveiled yesterday, would save Medicare and help the United States avoid a debt crisis.
It is mathematically impossible to get our debt and deficits under control and besides... that isn't the plan anyway.
Iceland, Greece, Portugal, Spain... all had a debt to GDP of anywhere from 80-130% - ours is approaching 800 and we're still 'chugging along'? =)) Shows you just how much manipulation, criminality and fraud there is with what the 'Fed' is doing.
Re: House BCC Ryan: U.S. debt to hit 800% of GDP
Posted: April 6th, 2011, 2:00 pm
by Jason
2017.....talking about not paying the military in less than a week!
Re: House BCC Ryan: U.S. debt to hit 800% of GDP
Posted: April 6th, 2011, 3:59 pm
by Col. Flagg
Jason wrote:2017.....talking about not paying the military in less than a week!
Really? Link? Talk about a reason to go AWOL or to mutiny.
Re: House BCC Ryan: U.S. debt to hit 800% of GDP
Posted: April 6th, 2011, 4:24 pm
by Jason
Col. Flagg wrote:Jason wrote:2017.....talking about not paying the military in less than a week!
Really? Link? Talk about a reason to go AWOL or to mutiny.
http://www.ldsfreedomforum.com/viewtopi ... 20&t=16872" onclick="window.open(this.href);return false;
Re: House BCC Ryan: U.S. debt to hit 800% of GDP
Posted: April 6th, 2011, 4:48 pm
by Col. Flagg
Thanks - going to start a thread about this.
Re: House BCC Ryan: U.S. debt to hit 800% of GDP
Posted: April 6th, 2011, 9:05 pm
by Jason
Col. Flagg wrote:
Thanks - going to start a thread about this.
They did it once back in 1992 in October I believe after I had been in for about 6 months and delayed our paychecks for couple weeks. Nothing like getting the military really fired up!