Segment 1: Groundhog Day in Washington SEGMENT BEGINS AT 00:37 Many Americans may not realize that the current debt ceiling debate is not about future expenditures but about already-promised current obligations. The wheel goes round and round and round and yet it...
Political leaders suddenly get cost-conscious… It must be an election year.
by Jerry Robinson | FTMDaily.com, Editor-in-Chief
HOUSTON, APRIL 19 – The suddenly cost-conscious (read: election year) Republicans on the Senate Budget Committee recently whipped out their calculators to compare the debt levels in the Eurozone to the current U.S. national debt. Their findings are detailed in the graph provided. In essence, the United States national debt dwarfs the entire collective debts of the entire Eurozone and Great Britain.
Unfortunately for the bean counting Republicans, this is not a new trend.
And unfortunately for us, once the elections are over, the financial zealots will go back to their pork diets.