Journal Marxist Hacker 42's Journal: Bush leaves behind legacy: US needs 210% to borrow
210%, that is, of the World's total savings. And that is *before* Obama attempts any wealth redistribution, or anything else.
So much for Obama being a socialist/communist scourge. Just to meet current commitments made by Congress under the Bush Administration, Obama's going to need to borrow *everything* available to borrow in the world, then pay interest on that, then tax that interest at a 110% rate, just to tread water.
Meet the new Status Quo, now available in Red & Black. Too bad the black is the skin and the red is the ink...I wonder how many years in this new "race doesn't matter" United States it will be before we have a President who is the reverse? Perhaps Tom Cole needs to give Obama a run for his money in 2012.
So much for Obama being a socialist/communist scourge. Just to meet current commitments made by Congress under the Bush Administration, Obama's going to need to borrow *everything* available to borrow in the world, then pay interest on that, then tax that interest at a 110% rate, just to tread water.
Meet the new Status Quo, now available in Red & Black. Too bad the black is the skin and the red is the ink...I wonder how many years in this new "race doesn't matter" United States it will be before we have a President who is the reverse? Perhaps Tom Cole needs to give Obama a run for his money in 2012.
