How will our government pay all its debts?
“WASHINGTON — Ten months after the Obama administration began pressing lenders to do more to prevent foreclosures, many struggling homeowners are holding up their end of the bargain but still find themselves rejected, and some are even having their homes sold out from under them without notice.”
This lead from a December 17th McClatchy Newspapers article [...]
They do not have more money. They are broke. Most of the entitlement programs are on the pathway of bankruptcy.
The federal government is running a Ponzi scheme. It just makes the national debt that much worse.
Minnesota Governor Tim Pawlenty, interviewed on Fox News.
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