Aposematic's Blog

Conspicuous and Serving to Warn

How safe is your wallet?

Hold on to your wallets, we are being played big time…again. When Pelosi says she welcomes the new austerity you can bet the house your clock is being cleaned…again. When Reid says the D’s gave the R’s everything they wanted you can bet the senate you are being fleeced…yet again.

The base line is 1.6T deficits per year basically forever (until the money runs out). 3, 4, or 5 T in promised cuts over ten years is 0.3, 0.4, or 0.5 T in cuts per year. That’s 1.3T, 1.2T, or 1.1T in new deficit spending forever (until the money runs out). The average deficit per year for the 8 years of Bush II was 0.223T and the D’s screamed bloody murder at how Bush II was destroying the country (full disclosure: I agreed). Under Obama’s 2.5 years the average yearly deficit is 1.6T+ (1.6T=1,600,000,000,000) and counting as well as every future year deficits for as far as the eye can see and the D’s think that’s not only hunky dory but not enough spending and the Media/Press agree. For the public educated and HS drop outs Obama’s 1.6T average yearly deficit (1.6T times 3 years = 4.8T added to Nations debt so far under Obama’s term) is over 7 times larger than Bush II’s 0.223 average yearly deficit (0.223T times 8 years = 1.784T added to Nations debt under Bush II’s two terms)( You could just think of it as comparing the size of Obama’s basketball to the size of Bush’s baseball.).

On top of this the Fed, since TARP under Bush II and a D Congress in 2008-2010, and now Obama and a split Congress in 2011, has loaned the Worlds banks 16T of America’s future $ in an effort to prop up the World’s economy. (note:These are mostly short term and lots have been paid back and loaned again. Kind of like limiting out your credit card, paying it off and then limiting out again over and over.) A lot of this 16T is in US Treasuries keeping US afloat. Basically the World is using the "full faith and credit of the US" to prop up the "full faith and credit of the US" to prevent the World from collapsing into a red hole. It would be really nice to own a family farm right about now for survival purposes but even that would be subject to takeover for the common good. Remember Castro shooting all of the farm owners after the Revolution in Cuba and Stalin confiscating all private farms and turning them into collectives resulting in ten’s of millions starving. My question: How long before the US checks start bouncing (Banks refusing to accept them. The money runs out.)?

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July 26, 2011 - Posted by | America, Congress, Executive, Government, Media, Politics

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