To Cut Through All The Noise From The MSM On The Debt Ceiling

via Insty read this and learn it

Q: In a given month how much does the Treasury owe as interest on its debt?

A: Roughly about $15–20 billion (more on this in a moment).

Q: How much revenue does the Treasury take in on average in a month?

A: Roughly about $200 billion.

Q: Are you saying the Treasury could pay interest on its debt 10 times over (or more) from monthly income?

A: Yes. Therefore the likelihood of not paying interest on its debt is zero.

Read the whole thing.

It’s vital.

9 Responses to “To Cut Through All The Noise From The MSM On The Debt Ceiling”

  1. tree hugging sister says:

    Well, duh. But it’s so much more FUN for the fucking PRESIDENT of the UNITED STATES to scare little old ladies witless about NOT getting their Social Security because of BogieMan Boehner and his EE-VILLE Band of Rethuglicans.

    He’s despicable. A pompous, despicable, peas of shit asshole. His toadies are clueless and despicable, and they ALL need to GO.

  2. JeffS says:

    An excellent read, indeed, Mr. B. Thanks — I passed on the link.

  3. Jim - PRS says:

    I’m with Sis on this.

  4. Mark says:

    Totally off topic, but I think I see a family resmblance in this pic:

  5. Mr. Bingley says:

    awww, what a schweetie, Mark!

  6. Kate P says:

    That was a really thorough and straightforward piece.

    Also: “Math is hard for politicians”–you know, like counting how many states there are.

  7. ricki says:

    Thank you for linking this. My first thought on the “Grandma won’t get her check” comment was “I smell hyperbole” and that article just confirms it.

    I’d love to see the Hell Fisked out of his “no checks will be in the mail” statement on every network, but you know that won’t happen.

  8. Gary from Jersey says:

    What Jeff said. And stop pulling punches, THS. People will think you’re shy.

  9. Syd B. says:

    Best part of that article was the Warren Buffet quote at the very end.

    “I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.”

    Problem solved.

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