(Untitled)

[vtnayr]

"The debt limit will increase by $781 billion. It's the fourth such move -- increasing the debt limit by a total of $3 trillion -- since Bush took office five years ago." (full story)

am i the only person who sees this as a bright red flag?

i mean seriously...

Comments

[nemesis123]

I saw this in the news as well and it just worries me. What's even worse is that you look at the countries that hold our debts in the form of bonds, etc. and see that the majority is held by countries such as China. They are going to buy their way into our demise and their rise as a superpower.

[kx2vt]

Debt going up...Trade deficit is going up...good thing we owe China, Korea, etc. so much money, or else they would be invading soon. But, since we owe them money, and interest, they will let us go at our current pace and give them more and more money, and wait to do anything until we start defaulting on our debt payments, in which case, the USA will be no better than the third world...unless we get some new people in Govt. who can fix this, because once your debt is over 30 or 40% of your GDP, you have a problem...and ours is at 18% (I think...).....Mark Warner '08....