Catching on yet?
August 2, 2011 Leave a comment
Are you starting to understand the scope of what we are talking about now? Obama is going to embezzle considerably more than the entire economic output of Canada, India or Russia to his cronies before the 2012 election — and that is just counting this round of spending. This doesn’t include the other $5 Trillion he has already burned through since 2009.
China is not going to lend us this money because they simply don’t have anything close to that much money to lend. This $2 Trillion is going to come from the Federal Reserve. Where is the Federal Reserve going to get $2 Trillion? They are going to print it out of thin air. We are in the midst of the largest currency debasement ever seen in human history. There is only one result that can come of currency debasement: hyperinflation and total economic and societal collapse.
Have you also forgotten the so-called “Bush tax cuts”? Yeah. Those rates are going to expire on January 1, 2013. Obama will presumably still be occupying the Oval Office at that time assuming that he is not forcibly removed or that the Republic is still intact at that time. Taxes will increase significantly at that point, and the Congressional Budget Office has scored everything put before them given the fact of the massive tax increases on 1/1/2013. Do you understand that? When these Republicans and even these so-called “Tea Party Freshmen” tell you that there are no tax hikes in their “plan,” they are consciously, willfully, knowingly lying to you through their teeth.
via Blog: We The Stupid.