Our current “Obama boom” is financed with 40% created money.
Imagine how it looks when that is taken away...
But as long as the markets continue to swallow it, the govt will make sure the entitlement army re-elects more Democrats.
Simply put, they’ve run out of other people’s money.
It’s tough to be poor, BUT it’s tougher if you’re also stupid..
Ha?
$800 billion was already allocated to this in the first stimulus plan five years ago. They had trouble finding "shovel ready" projects to spend the money on. If the money went where it was intended, we don't need a lot of infrastructure, because we have already finished the low hanging fruit on that list.
The "Deficit neutral" plan is nowhere near a neutral plan. The social security money is not sitting there waiting to be spent, it is coming in from working aged people. Handing retired people lump sum payments will cause the government to go out and borrow money to fund that. And retired people are not that great of consumers either. They have all the stuff they need, and they mostly need money for health care. Giving seniors a lot of money will not create a boost in anything except casino gambling.
This whole article is crap. To start with, the unemployment rate is artificially low due to the way this administration is cooking numbers and lowering the number of Americans who are supposedly looking for work.
92 million Americans are not working, and the vast majority of those 92 million are collecting some sort of check from the government.
The stock market has been artificially held up by the 800 billion a Month the government has been pumping into it, which inevitably has been ending up in the pockets of his Wall Street and Banker buddies.
No matter what they do the bottom is going to fall, and it is going to fall hard. Americans are unaware and even if they knew, they are totally unprepared for the collapse that is coming.
I am not even convinced that winning the Senate and keeping the House will help the inevitable collapse. Hell, if we take the Senate and keep the House, those pulling the strings behind Obama may just hurry the collapse along in an attempt to blame them for causing it.
Either way, I believe the collapse will happen within the next 2 years. It could be so bad that the resulting chaos will make the 1930s look like the 1980s.
Just my opinion, but you asked.