Posted on 09/11/2012 9:33:30 AM PDT by Kartographer
Conservative talk radio host Rush Limbaugh on Monday said that a second term for President Barack Obama would lead to the collapse of the the U.S economy.
“We’re spending a trillion dollars we don’t have on welfare. It’s not that we’re taxing producers and redistributing the money. We’re borrowing it; we’re printing it. We don’t have it! Over a trillion dollars a year,” Limbaugh said.
“There’s been $5.5 trillion added to the national debt in 3-1/2 years by this president. There just isn’t the money for this. At some point (and it’s sooner rather than later) there will be a collapse,” he added.
And in regards to the amount added to the national debt: he’s not exaggerating. That’s the actual amount that has been added since 2009.
(Excerpt) Read more at theblaze.com ...
Yep the student loan bubble scam will have to be popped. Kids borrow money, fund Marxists at college, Marxists support politicians who fund bubble dynamics, a classic racket.
Glenn Beck does get on my nerve at times, but as I said yesterday it looks like he was ahead of the curve on this.
Direct Audio Link to Rush speach:
http://www.youtube.com/watch?v=1QN_S1q4r3U&feature=player_embedded
Limbaugh Predicts Total Economic Collapse in U.S. if President Obama Re-Elected
Federal regulations increased 7.4% during Obama’s first three years
I agree 1000%.
LLS
The way Obama intends to bring America to its knees is to bankrupt us. Debt owed to others will cause us to be indentured servants, and to cause runaway inflation.
Yeah . . . I think that’s about right.
I agree.
Where has Rush been? Where was he on the NBC issue? I guess he and Hannity and Eeeg0-Rielly get serious when the collapse will hit their wallet.
It is probably going to collapse anyway. Too much water under the bridge.
No more government backed school loans. If you aren’t a good risk, no loan for you. No more $50,000 loans to take Feminst Basket Weaving in Imperialist America 101.
....
Of course thats just a drop in the bucket. All of these problems are caused by government in one way or another.
Cash and metals, cash and metals.
I have to go with Selco on the cash. Doubt it would be worth nothing during SHTF. Say you are trying to get out of town and you just brough the last ten gallons of gas at a station and there’s no telling when they will get resupplied, how much is that gasoline worth?
Respecfully I disagree.
It isn't welfare it's been "spent" on.
It's been STOLEN!
No way our economy can survive another 4 years of what Obama has done for the last 4.
Interest rates on savings is zilch, Printing money leads to inflation,borrowing only gets us further in debt, and soon we will be unable to borrow as everyone else is in debt too.
Food and energy prices going up,and the dipstick is threatening to close down the coal industry.
In the short term, things will actually appear to get better, the disaster to come years later, so they can blame it on someone else.
That's the plan isn't it? How else do you 'fundementally change' America without first bringing her to her knees?
That's why it's good to have a high mpg Diesel car and a (portable) stash at home.
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