Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: RetiredArmy
“Obama, like Chavez, has made economic recovery structurally impossible, perpetuating poverty in order to profit politically from the national state of misery.”

The truth rings like a bell. By amassing a debt load that can never be paid off and printing money to devalue the currency, Obama has made economic recovery structurally impossible.

23 posted on 03/10/2013 7:34:22 AM PDT by Gabrial (The nightmare will continue as long as the nightmare is in the Whitehouse)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Gabrial

At the moment we could recover. If Federal spending can be frozen at current levels, no auto increases, no baseline budgeting, no new clusterflock programs, no raises for ANYONE, no new out-go of any sort, National income growth could work down the debt. But that is the only way. If the federal debt doubles again, and it’s on track to do it within a few more Obamayears, then we are indeed done for and the only way down is default on the federal debt...Greece is doing it now. The Gleeks are writing the manual on restarting a broke gov’t. Their national income stream is so weak they can’t afford any debt so they are most likely going to default on the rest of their debt that they haven’t discounted 50% already. The Eurotrash banks know it’s coming and just hope it doesn’t hit them too fast. In this country Bill Gross (Pimco), the country’s biggest bond trader, announced some months ago that he was selling completely out of US bonds. For years I’ve been writing congresspeople to freeze spending-—you can see how well that’s working. But a few million more folks along with me could have an effect.


24 posted on 03/10/2013 1:52:15 PM PDT by cherokee1 (skip the names---just kick the buttz)
[ Post Reply | Private Reply | To 23 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson