[PGR88]

Saying the Fed backed libtards 8 years ago was considered tinfoil hat territory.

Wrong. You need to think. When the Fed "buys" (ie. prints money for) $4.5 Trillion in government debt, and suppresses 10 year Treasury rates to near 1% - what is the effect? It grows government. It pays for massive entitlements, it pays for "stimulus" (bailouts to state governments) it pays for Obamacare, it pays for Planned Parenthood, it pays for every global warming research project, etc. etc.. This is where progressives live and thrive. And your elected representatives aren't needed - they have turned over fiscal responsibility to the Fed.

Take away all that massive debt support - and what happens to the nanny state?

[wastoute]

In any case there is certainly no question today.

[Toddsterpatriot]

When the Fed "buys" (ie. prints money for) $4.5 Trillion in government debt, and suppresses 10 year Treasury rates to near 1% - what is the effect? It grows government.

Do you think that if 10 year rates were 4% that Obama would say, "Oh my goodness, we can't afford all this spending, we need to cut the size of government, immediately!!!"?

Seriously?