Some Michael Bloomberg conspiracy questions
Billionaire New York Mayor Michael Bloomberg’s magazine is warning of “radical legislators” and saying we must fear the debt ceiling debate, namely an unwillingness to raise it.
Here’s some things to ponder: why is there no call to fear deficit spending which has been chronic in the Obama administration? The U.S. budget last year was $3.8 trillion. According to the Treasury Department interest expense on outstanding debt was $359.8 billion. How much of that money does Mr. Bloomberg, who is the 13th richest person in the world, get? His friends? If deficit spending continues will they get more money?
Note that through October of this year we have spent and $415.7 billion on interest.
Now, just suppose that due to this dispute we fail to make a payment and find ourselves in a technical default? Do you really think people would stop lending us money at a excellent rate if the reason for the missed payment was obviously that we were trying to get our house in order. Don’t let those with an interest in imposing a crushing burden on us panic you. If we can’t say no we can’t be free.
Michael Bloomberg Conspiracy Questions
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