The Good News Is That Obama Probably Can't Win in 2012. The Bad News Is... That's Because the Country Is About to Blow Up.

Thursday, July 7, 2011 - 21:23
Obamanation
minx.cc

If yields on our T-bills hit 9% (which they might; junk bonds, yo!), then our indebtedness explodes as trillions more are added to our growing debt just due to increased interest-service (and as we have no way of paying that, we just add that new debt to the old debt and take out even newer debt to pay for that). A scenario that looks pretty likely is our debt:GDP ratio hitting 250% by 2030. But don't worry; that won't happen. The system will explode before ever permitting such a ludicrous ratio.

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