Q&A: How many ways will 0bama drive the economy into bankruptcy?

Dec 3rd, 2011
Leave a comment

Question by Jimmbbo: How many ways will 0bama drive the economy into bankruptcy?
Medicare is going BROKE, and will need more money
Medicare is going BROKE, and will need more money
Social Security is going BROKE, and will need more money

0bamacare is estimated to be $ 2.5 TRILLION (NO serious person believes barry’s $ 1 trillion tag)

Millions of baby boomers, who have paid into the Social Security for DECADES retiring, meaning
MORE demand for Medicare, Social Security

How will this NOT bankrupt the country?

Best answer:

Answer by Jester
If you are so sure that the US economy will collapse, you better start buying insurance against the US going bankrupt. The 5 year CDS for US soverign risk is currently trading in the open market at 36.9 basis points. This means you pay 36.9 cents for 1000$ . Sounds like a good deal to me!

Unfortunately this low CDS spread shows that the capitalist free market does not believe that the US is going bankrupt. But, hey, who believes in a free market anyway!

Add your own answer in the comments!

Tags: , , , , , ,
  1. §§pecial Unicorn™
    Dec 3rd, 2011 at 09:05
    Quote | #1

    Let me count the ways….

  2. Huevos Rancheros™
    Dec 3rd, 2011 at 09:05
    Quote | #2

    Only one way. Over spending.

  3. Luke
    Dec 3rd, 2011 at 10:03
    Quote | #3

    How does his song go? give it away, give it away now, give it away give it away now, problem is, who is he giving it to?

Comments are closed.