more great news today.....not
The best and the brightest (democrat and republican) up in Washington have mismanaged the financial health of this nation for decades.
This is a national security issue and those responsible should be held to account.
Oh Obama’s new spending plan will get us out of debt,just ask him. /s
Be prepared...
We can’t rely on foreign capital to finance our annual deficit for the simple reason that it’s just not there. At $400 billion, there was enough surplus capital abroad to buy the treasuries and “externalize” our debt. At $1.6 Trillion, it exceeds the world’s capitalization capacity (the money ain’t there). So we have to internalize and monetize the debt. In three to five years we will see Weimar-style turbo inflation in the U.S. economy. The signs are already there. Unless the government MASSIVELY slashes spending and we endure a bad, but recoverable, depression, the outcome will be an unrecoverable tailspin.
When the collapse does occur, I expect, and will demand:
1) trial and incarceration of ALL congress and senate critters who have voted throughout the years for increasing the dept.
2) adding these idiot people names to our list of “don’t let fly out of the country - so we can get our hands on them
3) they must forget ALL monies gained in their net worth - from the time they opted to become a felon (e.g., senator or congresscritter) and the present.
I'm not worried though. Congress is talking about cutting spending this year anywhere from 4 to 60 billion.
Living standards are naturally transitory. The violation perpetrated by the Leftists involves, of all things, hope:
Your Hope has been redistributed. Here’s your Change.
The citizens create their standard of living and it’s government that destroys it.
Why do I think it will be the people who pay the freight (ie., working taxpayers) who will suffer falling living standards, and not the parasite class (ie., the Democrat party “base”)?
bfl
Congress is in denial. The Democrats think we don’t have a problem and the Republicans think our problem can be fixed with a few modest spending cuts.
There ain’t no animal to save the politicians this time around.
Congress is in denial. The Democrats think we don’t have a problem and the Republicans think our problem can be fixed with a few modest spending cuts.
There ain’t no animal to save the politicians this time around.
Congress is in denial. The Democrats think we don’t have a problem and the Republicans think our problem can be fixed with a few modest spending cuts.
There ain’t no animal to save the politicians this time around.
Where’s Hillary’s reset button?
Remember, outsourcing is good because it gets rid of jobs that we don’t really want or need. Remember, trade deficits aren’t bad, either.
You have to love these professional writers. I don't rag on people for poor usage here, but a professional writer should know the difference between 'loose' and 'lose.' That said, the content of the article is true, and has been for the last four years. It can't all be blamed on Obama, either. The first bailout under Bush sent us over the edge. Obama doubled down, but right now we've gone over the cliff and are just pushing the accelerator when the wheels are spinning in air.