Posted on 10/30/2012 8:36:16 AM PDT by Kaslin
And nearly half of that just goes to pay the interest on the money already borrowed and spent like drunken sailors..............
so its important to bammy that we keep playing up the natural disaster that happened....
The annual interest is $359 billion ~ the federales spend much more than that on other stuff. Check http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm for current and historic levels of interest payments by US government.
Obama,Karl Marx, Cloward and Piven...all working together to undo the greatness that is America. I’m beginning to think that the Mayans were right.
Obama re-election => economic collapse within months, with a Marxist in power to “reform the economic system” after the crash.
Romney eletection => temporary but huge “recovery” until the debt bubble bursts, followed by a resetting of the currency, probably to a metal standard. The advantage here would be that we wouldn’t have a Marxist in power who was intentionally involved in the crash.
An 0bama win means a relatively fast collapse. But if Dems hold the Senate and Romney wins, we will also have a collapse, just a bit slower.
If they come after retirement accounts, a panic will ensue. If Reid is still standing, Romney must resist the temptation to make deals with Reid because the deals will be very bad and designed to collapse the economy making a Romney re-election unlikely. Romney should work with the House to do de-funding in lieu of legislation.
If the SHTF, I'm starting to think that a "cloward-piven" scenario would actually benefit conservatives. Leftists only exist in gov't, academia, etc... - and when the money stops, the parasites would be cut off. It would also mean States and Local Gov'ts would be forced to take back their original rights and functions. Finally, conservatives have most of the guns.....
Post of the month!!! Great insight!!!
“If Reid is still standing, Romney must resist the temptation to make deals with Reid...Romney should work with the House to do de-funding in lieu of legislation.”
Worse case, it’s 50/50 in the Senate. Personally, I think it will end up being 52R-48D.
Most of the credit for our failure if King Obama gets another four years are the American people themselves. The sheep followed this corrupt fast talking rat the first time. Anyone with half a brain should have known hope and change without specifics was a con. STUPID AMERICANS!
Here we go again.
We are already in a depression. The long-wave contraction is global, unstoppable, and no...it's not ANYTHING like when Reagan was in office.
Reagan came to office with outrageously high interest rates, which were hampering liquidity and stifling growth. We are now in the Zero Interest Rate Program (ZIRP) trap, and STILL no liquidity. We've done massive rounds of quantitative easing, STILL no liquidity. We've done Operation Twist, STILL no liquidity.
While the author does give a passing knod to the contraction taking place in Europe, she, like most other Conservative commentators, are far too happy to optomistically buy the lie that we can still stop the inevitable from happening.
We can't.
I think we are planning to give them Nevada, rather than saying "Come and take it!"
Americans already appear to have greatly moderated their spending this year - at least those of us who actually earn our money. That's terrible news for China and for retailers, who are facing a massive wipe-out this season, but good news in the long term. We seem to finally be getting over our addiction to buying lots of cheap, useless junk.
0bama has been working to make America’s economic situation irreversible; The Cloward & Piven strategy of ‘collapse then reboot’. Even with a Romney win the left will attempt to sabotage his improvements every step of the way. This is why we MUST take the Senate and the shadow government EPA must be dramatically scaled back.
And WHO forced banks to issue loans to people who could not afford them?: Socialists Bawney Fwank and Christopher Dodd.
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