Wednesday, May 5, 2010

The "Grand Illusion"...

...
"Until now we've borrowed from Communist China and Japan to cover the big-spending bar tab of our power-drunk politicians. But now both China and Japan have growing economic problems of their own - and growing doubts about our ability to repay them with uninflated dollars.

Our ruling party and its media allies claim the economy and jobs are growing. They've poured nearly $1.5 trillion dollars of stimulus into the economy and are set to spend another Trillion before the November elections to create the grand illusion of a recovery.

So far this sky-high spending has created scarcely 2-3% growth and jobs largely in government, including tens of thousands of temporary jobs taking the Census.

The ruling party will pretend that printing trillions of dollars to cover our debt won't destroy the value of the dollar through inflation. A presidential commission days after the election will announce ideas for massive new taxes to suck more dollars out of your pockets."                -World Net Daily

No comments: