financial reality

Separating fact from fiction in finance and economics

Borrowing Time

March 10th, 2010 by reality

In February, Federal government revenue covered only one-third of expenditures. Politicians believe there is no need to worry about the deficit, they can spend any amount of money on anything without consequence. And that’s true. For a while. And then the roof falls in.

Posted in Debt, Government, Rogues and Rascals, Strategy & Scenarios, The Fisc | No Comments »

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