tag:blogger.com,1999:blog-5524682876220396502.post8978987986417945918..comments2024-03-27T06:56:10.255+00:00Comments on Broad Oak Magazine: US debt outstanding, Fiscal Years 1950 - 2008Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5524682876220396502.post-68782650571708215262008-10-03T13:12:00.000+01:002008-10-03T13:12:00.000+01:00$10tn public debts, $15tn mortgages, it soon adds ...$10tn public debts, $15tn mortgages, it soon adds up to serious money. I say cancel mortgages, wipe out bank shares, make mortgages illegal, use the income freed-up to start paying down the national debts. Easy...Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-59434230662430397852008-10-03T11:31:00.000+01:002008-10-03T11:31:00.000+01:00In a months time, after the congressional bailout ...In a months time, after the congressional bailout it will be $12T, next year once the recession bites further, houses are off another 15%, and defaults soar, son of bailout will take the debt to $15T. After that, God only knows. I'll guess the depression will be kicked down the road a little bit further by the printing presses and devaluation of the dollar. They may then be rising over $15T in debt, but so what? With the dollar index at 50 it will only be $10T in today's money.Anonymousnoreply@blogger.com