US Money Woes Worsen


"just go down into the basement and print money."
[. . .]
"annual deficits of "just" $200 billion used to be unheard of. And that kind of spending happened mostly during major wars."
[. . .]
"our government now owes $4.41 trillion to Social Security, which -- despite all the accurately dire predictions -- is still taking in more money each year than it is paying out."
[. . .]
"the US Treasury, where money is being printed and then lent to ourselves.

That's called "quantitative easing" and this brilliant idea is the product of Federal Reserve Chairman Ben Bernanke's years in academia thinking about such theoretical nightmares."
[. . .]
"If you want to look at the official numbers your self, go to the Treasury's Web site: http://www.treasurydirect.gov/NP/BPDLogin?application=np The figures are right there in all their ugliness."

http://www.nypost.com/p/news/business/one_trillion_reasons_to_skip_new_ILwWVHbXUeorQXi1JjEHbO

One trillion reasons to skip a new stimulus plan
By John Crudele john.crudele (at) nypost.com
New York Post
Last Updated: 3:33 AM, October 8, 2009
Posted: 2:36 AM, October 8, 2009