Your periodic reminder. After 80 years, the federal debt still is a “ticking time bomb.”

Here is your periodic reminder. After 80 years, the federal debt still is being called a “ticking time bomb,” the slowest time-bomb in history. We don’t need to go into too much detail. We’ve said it often enough: The federal “debt” is not debt in the usual sense. The federal government does not borrow. The … Continue reading Your periodic reminder. After 80 years, the federal debt still is a “ticking time bomb.”

OMG! It’s February 14, 2020, and the national debt is still a ticking time bomb!

Alan Greenspan: “A government cannot become insolvent with respect to obligations in its own currency.” Ben Bernanke: “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.” ……………………………………………………………………………………………………………………………………………. Well, you can add it to … Continue reading OMG! It’s February 14, 2020, and the national debt is still a ticking time bomb!

An update of the biggest con job in American history: Tick, tick, tick. 80 years and the federal debt “ticking time bomb” still is ticking.

An update of the biggest con job in American history, that still is running: Once again, I am compelled by recent articles to remind you that in 1940, when the phony federal debt was described as a”ticking time bomb,” America had not yet entered World War II. The most popular songs were: Tommy Dorsey’s “I’ll … Continue reading An update of the biggest con job in American history: Tick, tick, tick. 80 years and the federal debt “ticking time bomb” still is ticking.

From “ticking time bomb” to “Deficit of Doomsday”

Regular readers of this post are familiar with the “ticking time bomb,” the name the Debt Henny Pennys have given to the federal debt. You see, the Debt Henny Pennys (DHPs) do not understand the difference between the finances of a Monetarily Sovereign government (i.e. the U.S., Canada, Australia, Japan et al) and the monetarily … Continue reading From “ticking time bomb” to “Deficit of Doomsday”