Skip to comments.A real cliff of incompetence, excuses
Posted on 12/10/2012 8:50:11 AM PST by AngelesCrestHighway
OK, everyone, buckle up. This is going to be a bumpy ride. First off, I would like to turn to our eventual funding crisis. Yes, I have been talking about this for some time, and no, it hasn't started yet. But it will. One day the markets will take the printing press away from central bankers by spurning their bonds, and governments needing to get their debt funded will see rates rise dramatically. Whether it will start here, in Japan or somewhere else I don't know, nor do I know when it will start. But I do know that the catalyst will most likely be the world losing its fear of a deflationary accident.
(Excerpt) Read more at money.msn.com ...
It seems to me that to avoid going over a fiscal cliff you should stop driving the car. Not demand more gas money.
It isn't incompetence; it's all part of the plan. 0bama knows that in order to establish a liberal, fascist police state he has to destroy the middle class; because historically that is where the most resistance comes from.
There will be blood in the streets before I go down f’ing Obama’s road...
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