The Numbers don’t lie.
Democrats do.
Given some of theses Numbers I think we might want to face reality, we can’t solve this problem. We would be better off retreating to our states and tring to ride out the storm.
#3 is the most fundamental to our situation.
China is already warning of the cost of our inflationary monetary policy. And as the article pointed out we really can’t afford any other policy because if we raised interest rates by even a little the Federal government would collapse.
So the options for Washington are:
1: Devalue the dollar to pay the debt by way of having the Federal reserve finance it with printed money. (Thus taxing us by inflation.) {This is what they are doing now}
2: Raise the interest rates and Collapse, due to the sheer unplayable size of the cost of interest payments on a debt this large. Thus forcing a default and still higher interest rates down the line.
Regardless of of Washington’s choice both higher interest and massive inflation will be the result.(The one we choose will inevitably trigger the other) There is simply no way to avoid it, the sheer size of the debt in relation to the productive output of our economy and most particularly the cost of our existing and new obligations such as Obamacare vastly outstrips our ability to produce & pay.
With the failure of the Government shut down to produce any cuts(Thankyou RINOS & Dems), it is quite obviously the case that we are politically incapable of doing anything but spending more and more money, much less seriously cutting large chucks of our expenditures.
We are going to have to cut hundredths of billions of dollars, if not a trillions from the yearly deficit to avoid this fate. There is no way on earth Democrats would ever consent to doing that, there is furthermore not enough money in the U.S. economy to tax that either.
Lets face facts guys, we are headed for a financial train-wreak and there is not a dam thing we can do about it. Conservative patriots should retreat to their states and let the democrats own this problem, while we seek to shore up our own finances with something other than the U.S. Dollar. Preferably something we can hide.