To: Joiseydude
The bottom 30% of any country will destroy if the government attempts to take care of them.
To: Joiseydude
Another thing we can thank LBJ for.
3 posted on
04/26/2009 5:47:38 PM PDT by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: Joiseydude
Red Alert's author, whose books "The Obama Nation" and "Unfit for Command" have topped the New York Times best-sellers list, said just as Hannan warned Brown "you have run out of our money," Merkel intends for Obama to hear the same admonition from her next week. It will happen...soon. One day America will try to sell debt and no one will buy it. Then the Treasury is in default as it can not pay it bills. That leaves only these hard options:
1. Cut spending to match tax revenue. About a 33% haircut.
2. Default on bonds. Interest rates skyrocket.
3. Try ti resell bonds. Interest rate skyrocket
4. Have the FED print money to buy the bonds. The dollar becomes worthless.
4 posted on
04/26/2009 5:50:45 PM PDT by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: Joiseydude
Needed to keep King Obama and his communist nitwits in power.
5 posted on
04/26/2009 5:57:47 PM PDT by
Logical me
(Oh, well!!!)
To: Joiseydude
Sounds like Merkel’s been reading von Mises.
7 posted on
04/26/2009 6:03:16 PM PDT by
brianr10
To: Joiseydude
12 posted on
04/26/2009 8:14:26 PM PDT by
yldstrk
(My heros have always been cowboys--Reagan and Bush)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson