hypocritexposer
Well-known member
January 4, 2013 2:00 P.M.
The Fiscal-Cliff Mirage
Without meaningful course correction, America is doomed.
By Mark Steyn
In all the “fiscal cliff” debate, I don’t recall a lot of discussion of algae. But apparently it’s essential to the deal. And don’t worry, it’s paid for by all the new revenue — an estimated $620 billion over a decade, or about $62 billion a year, which is what the government of the United States borrows every 13 days. But don’t worry, that’s a lot of algae.
We’re already broker than anyone has ever been ever. But this is America, where we can always do better — or anyway bigger, and broker: Under the “deal,” the federal debt of the United States in 2022 is officially projected to be $23.9 trillion. That’s in today’s dollars, as opposed to whatever we’ll be loading up the wheelbarrow with in 2022. With “deals” like this, who needs total societal collapse? By 2050, the federal debt will be $58 trillion. But you won’t have to worry about a United States of America by then: It’ll just be one big abandoned Chevy Algaerado plant.
http://www.nationalreview.com/articles/336944/fiscal-cliff-mirage-mark-steyn