If inflation takes off and wages keep pace even somewhat, people will be forced into the higher tax brackets unless congress reacts to reindex the brackets. Soon we'll all be billionaires.
Posted on 03/18/2009 12:33:21 PM PDT by TenthAmendmentChampion
Drudge Report today says it is a trillion dollars.
And the article tallies up more like 1.5 trillion.
We are saved! The road to prosperity is well known to be via the printing press.
Look how this same brilliant strategy has made every citizen in Zimbabwee a billionaire!!!
Hooray! We are so stupid not to have gone the economically brilliant road of Zimbabwee.
And to add icing on the cake, we are turning the USA into a socialist State as well. Socialism being such an economic and social success everywhere it has been tried!
Truly, embracing socialism and Zimbabwee economics, we will create heaven on earth!
All bow down and kiss the boots of our new Dear Leader!
“Where is the $300B coming from?? or should I ask??”
Where from? Why the Govt is just charging it to its credit cards.
And this 1+ trillion being created out of thin air mere days after China publically expressed concern over their huge dollar holdings being ‘safe’.
A clear raised middle finger from Obama to China saying...”You worry about depreciation of the value of your dollar holdings? Well, we are going to screw you royal. What are you going to do about it?”
What this is also saying is that Japan, China, Europe and other foreign and domestic investors are no longer buying USA debt. So the USA has chosen to screw everyone and accelerate the destruction of the dollar.
Zimbabwee, here we come.
“... value of the dollar dropped significantly on the news. Go to kitco.com”
Well, this is sure going to reassure the rest of the world that the USA is still committed to a strong, stable dollar.
Not!
maybe now is the time, as an owner-occupant, to refinance that property down to the 4% range-
then in a couple of months perhaps you can rent it and cover your costs until the market comes back a bit. I think housing will recover before the stock market. Unitl then think of ways to use your property to generate income. rent the house, rent the garage, or just rent storage space in/on the property
there are ALWAY people looking to rent. Just get a credit check on them
That is brilliant. It would make a good tagline.
If inflation takes off and wages keep pace even somewhat, people will be forced into the higher tax brackets unless congress reacts to reindex the brackets. Soon we'll all be billionaires.
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