Silver Wheaton Corp. Message Board
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A Trillion Dollar Platinum coin?-Some are serious
What could possibly go wrong with that? The truly scary thing is we have elected lawmakers, DEMS of course, who think it is a good idea. (Gerry Nadler)
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All our budget problems are solved. We got tax increases on the rich. How the heck did we only have a budget deficit of $163 billion in the 2007 fiscal year?
- 1 Reply to ilap2004
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"How the heck did we only have a budget deficit of $163 billion in the 2007 fiscal year?"
In 2001, President George W. Bush inherited a surplus [from Clinton], with projections by the Congressional Budget Office for ever-increasing surpluses, assuming continuation of the good economy and President Bill Clinton’s policies. But every year starting in 2002, the budget fell into deficit. In January 2009, just before President Obama took office, the budget office projected a $1.2 trillion deficit for 2009 and deficits in subsequent years, based on continuing Mr. Bush’s policies and the effects of recession.
And, we cleverly hid the massively underfunded war in Iraq off the balance sheet and ignored the looming liabilities in Fannie, Freddie, the FDIC, etc. Creative accounting is a Republican speciality as demonstrated by Kenny Boy Lay et al.
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Must be time to increase my physical silver and food stock..Geez we are being led by the inmates in the nuthouse.
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I've not seen a credible negative assessment of the plan, but do recall that the FED charter is coming up for renewal and that the original charter possibly contains (I've read as much) a $500,000,000.00 buyout clause.
- 1 Reply to moses_on_wall_street
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Cancel the National Debt....Balanced budget amendment.. Return to a silver std..Hang all members of the ( Goldman ) FED.
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