July 16, 2012

RICK SANTELLI ON TARP: “Hurry up, let’s spend three quarters of a trillion dollars; how much due diligence did they do for our role as taxpayers in basically bailing out the banking system? Obviously zero!”

Related: OMB’s Stockman: “We’re At The Fiscal Endgame.”

Also, The Problem In A Nutshell: Annualized GDP Growth Of 1%; Annualized US Debt Growth of 21%. Something that can’t go on forever, won’t. Debt that can’t be repaid, won’t be.