Wikinvest Wire

Raise the debt ceiling!

Sunday, December 20, 2009

From Rick McKee of The Augusta Chronicle via Time Magazine.
IMAGE If anyone has located a good cartoon related to the Ben Bernanke Time Magazine Person of the Year award, please let me know about it - you'd think that there would at least be a good one or two involving pinning a medal on the captain of the Titanic, or something like that.

Bookmark and Share


Anonymous said...

Has anyone out there done any calculations on when we will reach the year that the interest on the national debt, will equal all taxes collected by the Federal government?

Tim said...

Dunno, but a good question.

Dorothy said...

Dear Site Owner,

I would like to say that your blog ( ) is well-written and it contains lots of useful and up-to-date information. We really got interested in your web resource and we would like to cooperate with you. My websites are devoted on various financial themes and the have got amazing traffic and Google Values.

My sites contains loads of useful financial information presented in news and articles that highlight the most much-talked-of issues such as credit cards, debt solutions, financial crisis, ways out of it, and many more. We believe this information can awake interest in your readers and can help you gain more and more traffics well. We would like to do some link exchange with your sites. If you agree then please let me know as per your convenience:

We thank in you in advance for your cooperation.

Best regards,

Dorothy Parker

Anonymous said...

If the interest rate is zero, the debt can be infinite without any interest payment problems.

That is, interest will become a problem as soon as the interest rates rise. The 1982 interest rates would do the trick, and then some. Ben could precipitate loss of confidence in the dollar with all of his printing. Good luck then trying to borrow in dollars.

Anonymous said...

The fed gov usually takes about 20% of GDP in taxes. If the debt is equal to GDP, a 20% interest rate will use up all the taxes. If debt goes to twice GDP, 10% interest rates will do it.

Randeg said...

That cartoon with the congressmen standing on a house made out of a deck of cards is a hoot. It speaks volumes, doesn't it? Anyway, I don't have what you're asking about the cartoon on the person of the year award, but I will let you know when I find one. We deserve a laugh every now and then.

Evelyn Guzman (If you want to visit, just click but if it doesn’t work, copy and paste it onto your browser.)

  © Blogger template Newspaper by 2008

Back to TOP