Re: U.S DEBT CLOCK....
Buh-bye welfare state. It was fun while it lasted.
:+waving-5
Buh-bye welfare state. It was fun while it lasted.
:+waving-5
U.S DEBT CLOCK....
- Thread starter KTBKRUSHER
- Start date
ironmike67
EOG Senior Member
brucefan
EOG Dedicated
Re: U.S DEBT CLOCK....
The stupidity is beyond belief
All clear ahead, the sky is the limit for gold,
<EMBED src=http://cosmos.bcst.yahoo.com/up/fop/embedflv/swf/fop_wrapper.swf?id=19059502&autoStart=0&prepanelEnable=1&infopanelEnable=1&carouselEnable=0 width=292 height=219 type=application/x-shockwave-flash allowscriptaccess="always">
April 9, 2010
<TABLE width="95%" border=0><TBODY><TR><TD align=left width="80%">Krugman Strikes Again
By Peter Schiff
</TD><TD align=right>
</TD></TR></TBODY></TABLE>
In a commentary two weeks ago, I rebutted dangerously silly arguments put forward by New York Times columnist Paul Krugman about how the United States should pressure China to drop its support for the U.S. dollar (click here to view). Although there is far more happening in the world outside of Mr. Krugman?s brain than within it, fresh drivel from the acclaimed Nobel Prize winner compels me to turn my focus there once again.
In today?s column, Krugman analyzes the Greek debt crisis, arguing that the best solution for Athens would be to simply inflate away its debt burden with printing press money. Krugman laments that this sensible option is being foreclosed by the monetary priggishness of the German heavyweights in the European Union, who are ?foolishly? seeking to prevent inflation and impose fiscal discipline.
His theoretical justification is put forward in a familiar Keynesian recipe: deficit spending leads to inflation and growth, which leads to greater employment and rising GDP, which makes debt payments much easier to bear in relative terms. He laments that Greece does not control its own currency and is therefore unable to pursue such a policy on its own accord. He implores U.S. policy makers, who do control their own monetary policy, to take heed of the danger and avoid such a course.
In simple terms, Krugman believes that inflation is the best cure for burdensome debt problems. To prove his arguments, he points to the course followed by the Unites States in the decade after the Second World War. In 1946, due to unprecedented military spending during the war, U.S. public debt as a percentage of GDP came in at a staggering 122 percent ? which is even higher than the 113 percent currently weighing on Greece.
Krugman endorses U.S. policy at the time which, he claims, concentrated on fostering growth instead of taking measures to drastically cut the post-war debt. He notes that by the end of 1956, the federal debt had not diminished in nominal terms, but had become much easier to bear because of the decade of GDP growth that inflationary policies had created.
He neglects to mention that during the five years from 1945 to 1949, federal spending dropped by 58% and taxes fell by 12%. Meanwhile, the budget deficit fell by 66% in 1946 and was in surplus from 1947 to 1949. In other words, although we did not pay down our nominal debt in the decade after the war, we did succeed in massively shrinking government and the burden that it places on society. Could it be that this had something to do with the post-war boom, or should we give all the credit to the monetary policy? (It is important to point out that our national debt did initially decline from 1945 to 1949, but the extra spending necessary to finance the Korean War reversed that trend.)
Also, after the war ended, American factories quickly retooled production from military hardware to consumer goods. The products not only created a domestic boom in living standards, but were also in high demand in war-ravaged Europe. The late 1940?s and 1950?s produced some of the largest U.S. trade surpluses (in relative terms) in our history.
Today, government spending is rising at the fastest pace on record (not fast enough for Krugman) and our trade deficit is growing as well. In 2011, the government is forecast to spend $3.8 trillion.[ii] To truly replicate post-war fiscal policy, in the next four years: federal spending would have to be slashed by $2.1 trillion to $1.5 trillion, tax revenues would have to be lowered from $2.4 trillion to $2.1 trillion, and the federal budget would have to record a $650 billion surplus. [iii] [iv] Since Krugman would never support these spending and tax cuts, he must feel that similar success can be achieved solely through the monetary policy of inflation.
In his column, Krugman warns that the biggest danger of the austerity measures necessary for Greece (and the United States) to pay down debt organically is the deflation that would ensue. Like most of his academic peers, Krugman believes that falling prices are the economic equivalent of kryptonite, guaranteed to bring low even the mightiest economy.
He is wrong. We need deflation. As a result of a phony boom in assets, prices levels are still too high relative to the earning power and productivity of American workers. Falling prices will cushion the blow of recession (by allowing people to buy more with their paychecks and savings) and will eventually encourage people to spend when prices fall low enough. Deflation is the only way to save us from the much greater horror of inflation, or hyper-inflation, which Krugman argues is not actually that bad.
Inflation can?t save us from lower real wages and falling living standards, it will simply change the manner in which we are impoverished. With deflation, workers? wages fall; with inflation, consumer prices rise. Deflation hurts, but inflation can spiral out of control, especially with an Administration addicted to spending.
In Paul Krugman?s world, deep structural problems can be solved simply by printing currency. I wonder whether he thinks all the Americans in debt should be given little basement printing presses to counterfeit away their troubles.
Krugman?s advice will appeal to his fans in government and academia, but won?t help the average American. If we dare to follow his lead, a Greek tragedy will be played out in American garb.
FY2008 Budget of the United States Government. ?Historical Tables?. Accessed: 2010 04 09. [ii] FY2011 Budget of the United States Government. ?Summary Tables?. Accessed: 2010 04 09. [iii] FY2010 Budget of the United States Government. Accessed: 2010 04 09. [iv] 2010 04 09. United States GDP 2009 (current prices). World Economic Outlook Database.
http://www.europac.net/#
</EMBED></IF>
The stupidity is beyond belief
All clear ahead, the sky is the limit for gold,
<EMBED src=http://cosmos.bcst.yahoo.com/up/fop/embedflv/swf/fop_wrapper.swf?id=19059502&autoStart=0&prepanelEnable=1&infopanelEnable=1&carouselEnable=0 width=292 height=219 type=application/x-shockwave-flash allowscriptaccess="always">
April 9, 2010
<TABLE width="95%" border=0><TBODY><TR><TD align=left width="80%">Krugman Strikes Again
By Peter Schiff
</TD><TD align=right>
</TD></TR></TBODY></TABLE>In a commentary two weeks ago, I rebutted dangerously silly arguments put forward by New York Times columnist Paul Krugman about how the United States should pressure China to drop its support for the U.S. dollar (click here to view). Although there is far more happening in the world outside of Mr. Krugman?s brain than within it, fresh drivel from the acclaimed Nobel Prize winner compels me to turn my focus there once again.
In today?s column, Krugman analyzes the Greek debt crisis, arguing that the best solution for Athens would be to simply inflate away its debt burden with printing press money. Krugman laments that this sensible option is being foreclosed by the monetary priggishness of the German heavyweights in the European Union, who are ?foolishly? seeking to prevent inflation and impose fiscal discipline.
His theoretical justification is put forward in a familiar Keynesian recipe: deficit spending leads to inflation and growth, which leads to greater employment and rising GDP, which makes debt payments much easier to bear in relative terms. He laments that Greece does not control its own currency and is therefore unable to pursue such a policy on its own accord. He implores U.S. policy makers, who do control their own monetary policy, to take heed of the danger and avoid such a course.
In simple terms, Krugman believes that inflation is the best cure for burdensome debt problems. To prove his arguments, he points to the course followed by the Unites States in the decade after the Second World War. In 1946, due to unprecedented military spending during the war, U.S. public debt as a percentage of GDP came in at a staggering 122 percent ? which is even higher than the 113 percent currently weighing on Greece.
Krugman endorses U.S. policy at the time which, he claims, concentrated on fostering growth instead of taking measures to drastically cut the post-war debt. He notes that by the end of 1956, the federal debt had not diminished in nominal terms, but had become much easier to bear because of the decade of GDP growth that inflationary policies had created.
He neglects to mention that during the five years from 1945 to 1949, federal spending dropped by 58% and taxes fell by 12%. Meanwhile, the budget deficit fell by 66% in 1946 and was in surplus from 1947 to 1949. In other words, although we did not pay down our nominal debt in the decade after the war, we did succeed in massively shrinking government and the burden that it places on society. Could it be that this had something to do with the post-war boom, or should we give all the credit to the monetary policy? (It is important to point out that our national debt did initially decline from 1945 to 1949, but the extra spending necessary to finance the Korean War reversed that trend.)
Also, after the war ended, American factories quickly retooled production from military hardware to consumer goods. The products not only created a domestic boom in living standards, but were also in high demand in war-ravaged Europe. The late 1940?s and 1950?s produced some of the largest U.S. trade surpluses (in relative terms) in our history.
Today, government spending is rising at the fastest pace on record (not fast enough for Krugman) and our trade deficit is growing as well. In 2011, the government is forecast to spend $3.8 trillion.[ii] To truly replicate post-war fiscal policy, in the next four years: federal spending would have to be slashed by $2.1 trillion to $1.5 trillion, tax revenues would have to be lowered from $2.4 trillion to $2.1 trillion, and the federal budget would have to record a $650 billion surplus. [iii] [iv] Since Krugman would never support these spending and tax cuts, he must feel that similar success can be achieved solely through the monetary policy of inflation.
In his column, Krugman warns that the biggest danger of the austerity measures necessary for Greece (and the United States) to pay down debt organically is the deflation that would ensue. Like most of his academic peers, Krugman believes that falling prices are the economic equivalent of kryptonite, guaranteed to bring low even the mightiest economy.
He is wrong. We need deflation. As a result of a phony boom in assets, prices levels are still too high relative to the earning power and productivity of American workers. Falling prices will cushion the blow of recession (by allowing people to buy more with their paychecks and savings) and will eventually encourage people to spend when prices fall low enough. Deflation is the only way to save us from the much greater horror of inflation, or hyper-inflation, which Krugman argues is not actually that bad.
Inflation can?t save us from lower real wages and falling living standards, it will simply change the manner in which we are impoverished. With deflation, workers? wages fall; with inflation, consumer prices rise. Deflation hurts, but inflation can spiral out of control, especially with an Administration addicted to spending.
In Paul Krugman?s world, deep structural problems can be solved simply by printing currency. I wonder whether he thinks all the Americans in debt should be given little basement printing presses to counterfeit away their troubles.
Krugman?s advice will appeal to his fans in government and academia, but won?t help the average American. If we dare to follow his lead, a Greek tragedy will be played out in American garb.
FY2008 Budget of the United States Government. ?Historical Tables?. Accessed: 2010 04 09. [ii] FY2011 Budget of the United States Government. ?Summary Tables?. Accessed: 2010 04 09. [iii] FY2010 Budget of the United States Government. Accessed: 2010 04 09. [iv] 2010 04 09. United States GDP 2009 (current prices). World Economic Outlook Database.
http://www.europac.net/#
</EMBED></IF>
brucefan
EOG Dedicated
Re: U.S DEBT CLOCK....
U.S debt to rise to $19.6 trillion by 2015
WASHINGTON
Tue Jun 8, 2010 6:19pm EDT
<SCRIPT language=javascript>addImpression("10036173_Related News");</SCRIPT>
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<SCRIPT type=text/javascript> Reuters.utils.addLoadEvent(function() { Reuters.utils.loadScript('sJSON','/assets/multimediaJSON?articleId=USN088462520100608&setImage=300&view=100&startNumber=1') });</SCRIPT>WASHINGTON June 8 (Reuters) - The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.
Bonds | Global Markets
The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year.
"The president's economic experts say a 1 percent increase in GDP can create almost 1 million jobs, and that 1 percent is what experts think we are losing because of the debt's massive drag on our economy," said Republican Representative Dave Camp, who publicized the report.
He was referring to recent testimony by University of Maryland Professor Carmen Reinhart to the bipartisan fiscal commission, which was created by President Barack Obama to recommend ways to reduce the deficit, which said debt topping 90 percent of GDP could slow economic growth.
The U.S. debt has grown rapidly with the economic downturn and government spending for the Wall Street bailout, the wars in Afghanistan and Iraq and the economic stimulus. The rising debt is contributing to voter unrest ahead of the November congressional elections in which Republicans hope to regain control of Congress.
The total U.S. debt includes obligations to the Social Security retirement program and other government trust funds. The amount of debt held by investors, which include China and other countries as well as individuals and pension funds, will rise to an estimated $9.1 trillion this year from $7.5 trillion last year.
By 2015 the net public debt will rise to an estimated $14 trillion, with a ratio to GDP of 73 percent, the Treasury report said. (Reporting by Donna Smith; Editing by Kenneth Barry)
U.S debt to rise to $19.6 trillion by 2015
WASHINGTON
Tue Jun 8, 2010 6:19pm EDT
<SCRIPT language=javascript>addImpression("10036173_Related News");</SCRIPT>
<SCRIPT type=text/javascript>removeImpression(); </SCRIPT><SCRIPT language=javascript>addImpression("10036174_Related News (Auto)");</SCRIPT>
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<SCRIPT type=text/javascript> Reuters.utils.addLoadEvent(function() { Reuters.utils.loadScript('sJSON','/assets/multimediaJSON?articleId=USN088462520100608&setImage=300&view=100&startNumber=1') });</SCRIPT>WASHINGTON June 8 (Reuters) - The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.
Bonds | Global Markets
The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year.
"The president's economic experts say a 1 percent increase in GDP can create almost 1 million jobs, and that 1 percent is what experts think we are losing because of the debt's massive drag on our economy," said Republican Representative Dave Camp, who publicized the report.
He was referring to recent testimony by University of Maryland Professor Carmen Reinhart to the bipartisan fiscal commission, which was created by President Barack Obama to recommend ways to reduce the deficit, which said debt topping 90 percent of GDP could slow economic growth.
The U.S. debt has grown rapidly with the economic downturn and government spending for the Wall Street bailout, the wars in Afghanistan and Iraq and the economic stimulus. The rising debt is contributing to voter unrest ahead of the November congressional elections in which Republicans hope to regain control of Congress.
The total U.S. debt includes obligations to the Social Security retirement program and other government trust funds. The amount of debt held by investors, which include China and other countries as well as individuals and pension funds, will rise to an estimated $9.1 trillion this year from $7.5 trillion last year.
By 2015 the net public debt will rise to an estimated $14 trillion, with a ratio to GDP of 73 percent, the Treasury report said. (Reporting by Donna Smith; Editing by Kenneth Barry)
KingRevolver
Born Rambler
Re: U.S DEBT CLOCK....
The spending is definitely out of hand. I realize that's an understatement, btw.
The spending is definitely out of hand. I realize that's an understatement, btw.
brucefan
EOG Dedicated
Re: U.S DEBT CLOCK....
Results of Fed POMO: Whopping $3.4 Billion Monetized, 5.06 Submitted/Accepted Ratio
Submitted by Tyler Durden on 09/13/2010 10:18 -0500
The Fed's POMO is now over and the equity ramp may stall, even though the Fed provided a whopping $3.4 billion in extra liquidity to buy various 6-10 year USTs. The issue most in demand by the Fed was the 3.75% of 11/15/2018 which saw $1.075 billion in buybacks by Brian Sack. Altogether, the Fed saw $17.2 billion in bid submitted for today's POMO, leading to the lowest submitted/accepted ratio since QE Lite began a month ago. And with this action the monetizations for the first part of the QE schedule are over. Today the Fed will release the second tentative POMO schedule, which we anticipate will remain roughly the same with two reverse auctions occuring each week until the mid-term elections, for an average liquification of about $5 billion per week.
Results of Fed POMO: Whopping $3.4 Billion Monetized, 5.06 Submitted/Accepted Ratio | zero hedge
<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><!-- message --><!-- message --><EMBED src=http://www.youtube.com/v/I9q1oeMcoL0&hl=en&fs=1& width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true" allowscriptaccess="always"></EMBED>
Results of Fed POMO: Whopping $3.4 Billion Monetized, 5.06 Submitted/Accepted Ratio
Submitted by Tyler Durden on 09/13/2010 10:18 -0500
The Fed's POMO is now over and the equity ramp may stall, even though the Fed provided a whopping $3.4 billion in extra liquidity to buy various 6-10 year USTs. The issue most in demand by the Fed was the 3.75% of 11/15/2018 which saw $1.075 billion in buybacks by Brian Sack. Altogether, the Fed saw $17.2 billion in bid submitted for today's POMO, leading to the lowest submitted/accepted ratio since QE Lite began a month ago. And with this action the monetizations for the first part of the QE schedule are over. Today the Fed will release the second tentative POMO schedule, which we anticipate will remain roughly the same with two reverse auctions occuring each week until the mid-term elections, for an average liquification of about $5 billion per week.
Results of Fed POMO: Whopping $3.4 Billion Monetized, 5.06 Submitted/Accepted Ratio | zero hedge
<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><!-- message --><!-- message --><EMBED src=http://www.youtube.com/v/I9q1oeMcoL0&hl=en&fs=1& width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true" allowscriptaccess="always"></EMBED>
brucefan
EOG Dedicated
Re: U.S DEBT CLOCK....
And the left just cant figure out why we need to cut spending, now, not later,
So who is going to buy all these bonds when the Fed steps aside????
Fed Balance Sheet And Monetary Base Update - New Records All Around<SUP></SUP>
Submitted by Tyler Durden on 06/02/2011 22:25 -0400
The Federal Reserve, just like Atlas, continues carrying the weight of if not the world, then certainly the stock market on its shoulders. As expected, both the Fed's balance sheet, and its economic equivalent, the Adjusted Monetary Base, just hit fresh all time records. This will continue for 4 more weeks at which point QE2 will end and what happens next will depend entirely on what side of the bed Bernanke wakes on.
And the left just cant figure out why we need to cut spending, now, not later,
So who is going to buy all these bonds when the Fed steps aside????
Fed Balance Sheet And Monetary Base Update - New Records All Around<SUP></SUP>
Submitted by Tyler Durden on 06/02/2011 22:25 -0400
The Federal Reserve, just like Atlas, continues carrying the weight of if not the world, then certainly the stock market on its shoulders. As expected, both the Fed's balance sheet, and its economic equivalent, the Adjusted Monetary Base, just hit fresh all time records. This will continue for 4 more weeks at which point QE2 will end and what happens next will depend entirely on what side of the bed Bernanke wakes on.
cheapseats
EOG Master
Re: U.S DEBT CLOCK....
add to all ^^^...........the bad employment today, and uncle bens back is at the prverbial wall
add to all ^^^...........the bad employment today, and uncle bens back is at the prverbial wall
brucefan
EOG Dedicated
Re: U.S DEBT CLOCK....
For anyone actually following the facts on the ground, they know this is a complete disaster that is waiting to happen
China Divests 97% of Holdings in US Treasury Bills...
Most people are just reading the headlines about the debt, the deficit, and the debt ceiling, but when push comes to shove, it just doesn't mean that much to everyone's day to day lives. They know 14.5 trillion doesnt sound good, but what the urgency?
Thats all about to change :hung
For anyone actually following the facts on the ground, they know this is a complete disaster that is waiting to happen
China Divests 97% of Holdings in US Treasury Bills...
Most people are just reading the headlines about the debt, the deficit, and the debt ceiling, but when push comes to shove, it just doesn't mean that much to everyone's day to day lives. They know 14.5 trillion doesnt sound good, but what the urgency?
Thats all about to change :hung
brucefan
EOG Dedicated
Re: U.S DEBT CLOCK....
Well we did it! :cheers
$16,OOO,OOO,OOO,OOOBAMA!
November 16, 2011 was a historic date: that's when the US officially surpassed $15 trillion in debt for the first time since World War 2. We celebrated it by cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially celebrate again, because 286 days after the last major milestone was surpassed with disturbing ease, total US debt following today's $35 billion auction of 2 Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA!
The math?
Take today's $35 billion in 2 Year bonds.
http://forums.eog.com/sites/default/files/images/user5/imageroot/2012/08-2/2 Year 8.28_1.jpg
and add this unsettled amount to the total debt...
http://forums.eog.com/sites/default...mageroot/2012/08-2/debt to the penny 8.28.jpg
...To get just over $16X10[SUP]12[/SUP] which means it took 286 days to go from $15 to $16 trillion: $3.5 billion in extra debt every day.
Alternatively take the above official Total Public Debt Outstanding, and add to this $76 billion in net new debt that will settle over the J-Hole weekend.
http://forums.eog.com/sites/default/files/images/user5/imageroot/2012/08-2/Settled auctions.jpg
The result: $16.05 trillion, which is what the debt to the penny will officially show next week.
Of course this will be the total following the balance of this week's auctions. In the meantime, the US is now officially between that ceiling and a $16 trillion floor.
But wait. You aint's seen nothing yet. At this rate of growth, total US debt will surpass:
http://www.zerohedge.com/news/16oooooooooooobama
Well we did it! :cheers
$16,OOO,OOO,OOO,OOOBAMA!
November 16, 2011 was a historic date: that's when the US officially surpassed $15 trillion in debt for the first time since World War 2. We celebrated it by cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially celebrate again, because 286 days after the last major milestone was surpassed with disturbing ease, total US debt following today's $35 billion auction of 2 Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA!
The math?
Take today's $35 billion in 2 Year bonds.
http://forums.eog.com/sites/default/files/images/user5/imageroot/2012/08-2/2 Year 8.28_1.jpg
and add this unsettled amount to the total debt...
http://forums.eog.com/sites/default...mageroot/2012/08-2/debt to the penny 8.28.jpg
...To get just over $16X10[SUP]12[/SUP] which means it took 286 days to go from $15 to $16 trillion: $3.5 billion in extra debt every day.
Alternatively take the above official Total Public Debt Outstanding, and add to this $76 billion in net new debt that will settle over the J-Hole weekend.
http://forums.eog.com/sites/default/files/images/user5/imageroot/2012/08-2/Settled auctions.jpg
The result: $16.05 trillion, which is what the debt to the penny will officially show next week.
Of course this will be the total following the balance of this week's auctions. In the meantime, the US is now officially between that ceiling and a $16 trillion floor.
But wait. You aint's seen nothing yet. At this rate of growth, total US debt will surpass:
- $17 trillion on June 10, 2013;
- $18 trillion on March 23, 2014;
- $19 trillion on January 3, 2015; and
- $20 trillion on October 16, 2015
http://www.zerohedge.com/news/16oooooooooooobama
Re: U.S DEBT CLOCK....
We are screwed regardless of who get's elected.The Romney/Paul plan calls for paying the Debt off in 40 years...yes 40 YEARS!!Does Obama even have a plan??If he does it sure is not working!!Royally screwed with either of these clowns.
We are screwed regardless of who get's elected.The Romney/Paul plan calls for paying the Debt off in 40 years...yes 40 YEARS!!Does Obama even have a plan??If he does it sure is not working!!Royally screwed with either of these clowns.
brucefan
EOG Dedicated
Re: U.S DEBT CLOCK....
The Ryan budget balances in 2040 assuming everything goes along as planned ( cough,cough)
The growth in spending gets 'slashed ' from 4.3% to around 3%
I like Paul Ryan he speaks well, and I cant wait for him to debate Joe
( very shaky voting record so I hope he sticks to his guns now)
However, our last chance to actually cut anything, went down the tubes yesterday when the RNC just ran over Ron Pauls delegates, and sealed our fate
2348ji23e2348ji23e
The Ryan budget balances in 2040 assuming everything goes along as planned ( cough,cough)
The growth in spending gets 'slashed ' from 4.3% to around 3%
I like Paul Ryan he speaks well, and I cant wait for him to debate Joe
( very shaky voting record so I hope he sticks to his guns now)
However, our last chance to actually cut anything, went down the tubes yesterday when the RNC just ran over Ron Pauls delegates, and sealed our fate
2348ji23e2348ji23e
Re: U.S DEBT CLOCK....
Agreed!!What do you think of Gary Johnson??I will be voting for him since I don't like the other 2 options.
brucefan
EOG Dedicated
Re: U.S DEBT CLOCK....
I just cant do it, although I understand and respect people that do
Where I part from most hard core libertarians is that there is no dfference
I cant imagine Obama at the helm during the next crisis, and Fla is still up for grabs
At least Romney will have people like Rand right up his ass trying to explain freedom and capitalism to him
I just cant do it, although I understand and respect people that do
Where I part from most hard core libertarians is that there is no dfference
I cant imagine Obama at the helm during the next crisis, and Fla is still up for grabs
At least Romney will have people like Rand right up his ass trying to explain freedom and capitalism to him
brucefan
EOG Dedicated
Re: U.S DEBT CLOCK....
19.4 AND COUNTING http://www.usdebtclock.org/
I'm feelin the JOHNSON this year
19.4 AND COUNTING http://www.usdebtclock.org/
I'm feelin the JOHNSON this year