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View Full Version : Our Country is going Bankrupt....Says the Federal Reserve




molemano1
01-19-2008, 09:34 PM
Have any of you guys seen this paper posted on the Federal Reserve of St. Louis's website???


An article about this is here: http://www.newstarget.com/z019659.html

Basically it explains in very technical detail how very close we are to being bankrupted as a country which would pretty much mean no foreign loans and therefore a stalled economy.

Now there's some scary shit.....I think Ron Paul is the only candidate talking about this kinda stuff too.....:)

Corydoras
01-19-2008, 10:11 PM
That's a great find.

Interesting that in addition to Social Security cuts, the author is advocating a 33% flat tax and health care vouchers... but nothing really practical like, say, shutting down the Department of Education.

Feelgood
01-19-2008, 11:04 PM
but nothing really practical like, say, shutting down the Department of Education.

Or eliminating the IRS? Or eliminating the DHS? Or so many other great money saving ideas...