The USD buys only 352 Zimbabwe dollars today, down from 355 last month.
Posted on 12/10/2009 6:07:51 AM PST by Red in Blue PA
In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.
“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told POLITICO Wednesday. And the Maryland Democrat confirmed that the anticipated increase could be as high as $1.8 trillion — nearly twice what had been assumed in last spring’s budget resolution for the 2010 fiscal year.
(Excerpt) Read more at politico.com ...
Hoyer says? Check any measure of economic health(employment, stock market, price of gold, etc) and compare today with Jan 2006 when Pelosi/Reid/Hoyer took control of Congress. Where is the RNC on this? Why aren’t Boehner/McConnell slipping this into every comment they make to the media? Why doesn’t every GOP pundit come back with this every time the Dems criticize GOP/Bush spending? The Dems know how to fight. It is high time the Pubbies took a few pages out of their playbook.
I’m looking forward to a bloodbath in 2010. I can’t wait to see the ass-kicking we are going to give Specter.
The USD buys only 352 Zimbabwe dollars today, down from 355 last month.
This country neesds to split in two very badly. The liberals can bankrupt themselves and in about 10 years they will be in abject poverty. Whatever happens, the conservative nation must regard them as enemies. After all, the liberals already regard the conservatives as mortal enemies and will not stop trying to destroy them.
Why to you think that people are desperately pulling for a third party, whether it fails or not? When the Titanic is sinking the passengers will grab a deck chair if they need to.
This is an obvious win point that is in the bag. The GOP is not interested! If they were they would be SCREAMING from the rooftops.
The NWO is blossoming before our eye's and the players are there to see! Move along, and ask Santa for more ammo. God bless.
Pelosi Says She Would Drain GOP 'Swamp'
Day Two: House passes new budget rules
Pelosi: Democratic Budget Resolution Restores Fiscal Responsibility and Accountability
Pelosi: Pay-As-You-Go Legislation Will Help Return Our Nation to Sound Fiscal Health
Gold - Gold is at an all time high. That means anyone who sells now, or soon, makes a fortune. What if those who play the money market, like...say....Soros, decided to sell off big? The stocks would plummet, and all those holding high priced gold would lose a bloody fortune! The gold market would....opps! Crash!
The moral of this story? Never put all your golden eggs into one basket.
Backlash? How about armed insurrection?
It would be funny if it was not destroying our economy.
Oh yeah this and STIMULUS 2 slush fund to pay off Obama’s cronies will save them in the polls. LOL
These craven oligarchs are bankrupting the nation.
Madness. Utter complete madness.
Mrs. Palin, we desperately need some high-profile and relentless attacks on this insanity. The nation stands at the brink.
Learn a lesson, America. You elected Democrats to Congress and the White House and gave them absolute majorities because you were told we were fighting an unjust, immoral war and you wanted to show you were pissed off about it.
Well, now reap the consequences.
All in Congress should be shackled in chains (much like we’ve been shackled) and made to spend the rest of their lives working on some sort of chain gang to pay to the monstrosities they have helped create.
I never thought it would come to that......cannot say that anymore.
Soon that pic will have a US dollar in it!
In recent years gold has moved in exactly the opposite direction of the solvency of the USA.
Amen
When I was a youngin’ I asked an Econ professor. What happens when we reach the debt ceiling. (I did acknowlege to him it was a stupid ?) His answer: “ The debt ceiling is raised”
He mentioned elections being very important.
And the premeditated, deliberate bankruptcy of the USA continues........
100 billion buya a 3 egg omelet....whoops! add 20 billion more for butter ;-)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.