Tuesday, 24 March 2015

US Blows Through $18trn Debt Limit - Comment from Whatreallyhappened.com


On Monday, the US reached its legal debt limit of $18 trillion -more than the country’s entire GDP. Lawmakers will either have to again lift it, or attempt to cap spending
http://rt.com/business/241001-us-18-trillion-debt-limit/

WRH comment:
The question Americans should be asking is not whether to raise the debt ceiling, but rather why the Federal Government, which is authorized by the Constitution to create and issue interest-free money, instead borrows that money at interest from a privately owned central bank, thereby plunging future generations into debt slavery to that bank? THAT is the real question Americans should be asking!
[Posted at the SpookyWeather blog, March 24th, 2015.]

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