Friday, July 8, 2011

The National Debt Cannot be Stopped

Quite literally, our national debt is on autopilot:

If Treasury were to decide to delay payments, it would need to re-program government computers that generate automatic payments as they fall due — a massive and difficult undertaking. Treasury makes about 3 million payments each day.
If there is one area our government has become extremely efficient, it's making payments with confiscated, printed, and borrowed money.

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