You really shouldn't eat at McDonalds dnf. It'll make you fat.
We'll start fiscal 2010 with $11,776,112,848 of debt and growing.
Unemployment is somewhere north of 20%...and getting worse! Forget the headline number because it's flat-out wrong.
Fannie is bankrupt, Freddy is bankrupt, Social Security is bankrupt, Medicare is bankrupt and Ginnie/FHA are on the brink.
Many, many of our big banks are insolvent as they continue to hide nuclear waste in OBS vehicles. Do you even understand what this means?
And there are upwards of 7,000,000 homes in delayed foreclosure making up a shadow inventory. Ask the bankers who hold the paper why. If you don't get an answer I can tell you.
The Fed is printing money as fast as it can. They've backstopped almost every mortgage created this year and they're buying half the treasurys auctioned this year. We're annualizing at about $5 trillion of debt so far this year.
Stimulus Uno didn't work so how about stimulus dos? Throw in the incredible costs for healthcare and cap and tax.
Do you get the picture? I could go on and on...
And the rest of the world is even worse. What happens to us when the Chinese, Japanese and the United Kingdom (and everybody else who buys US government debt) stops supporting our crack habit! Seriously...what happens?
So I put you in charge. You're the genius. What can possibly be done to save our country?