Williams' numbers seem grotesque, but that is because we are the frogs being slowly boiled. Now the underlying issues have reached the geometric progression stage. Jerome brings up examples constantly.

Drew asked about the .75 interest rate drop in the last few months. It's a desperate attempt to keep the financial institutions working their Ponzi scheme - nothing more. It's another cycle of the virtual generation of money, and it, plus the 200 billion released by the Fed bank last month, are why M3 is jumping.

The problem with saying that removing the cap on SS contributions will lower the debt figure in short order is the political reality of actually doing that. It's true that one part of the solution to many financial issues in the U.S. is to squeeze the super-rich. Who's going to do it? Meantime, they don't know how to do anything except try to shill the system.

paul spencer