Kevin Phillips on 2008 Wall Street Bailout
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US cant go bankrupt, since they cant run out of ink and paper
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want to chat with singles
lets chat 8i
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billions?
its approaching 9 trillion!
this must be old footage
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Bankrupt may not be the right word. We will be beholden to governments in China, Abu Dubai, etc. who will lend us the money to pay for it. This has already happened with the Iraq war--the first war ever paid for on credit. Only a third or so of this money actually must be ponied up by the US government now. The next 2 generations will pay for most of it--with a reduction in income and social programs that they may need. Bush's generation won't be around to have to pay for it.
KGuy4U2Hugg 3 years ago