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The New DU. Reply #4: Why not kick the can?
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sendero
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Sat Jan-15-11 08:16 AM
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Our economy is dead over the long term anyway. We will absolutely default at some point, the mathematics of debt are not that complicated. If interest rates rise just a bit, the percentage of taxes collected that go to just pay the interest on our debt skyrockets. We are already well past the point of no return.
We are screwed and believe me, jackasses like Geithner know it. The whole game plan now is to keep kicking the can down the road as long as possible to give the banksters and oligarchs a little more time to get their looting on.
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