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 As America Approaches “The Fiscal Cliff” Obama Gives Congress A Pay Raise2 comments to As America Approaches “The Fiscal Cliff” Obama Gives Congress A Pay RaiseLeave a Reply |
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In 2022, with no intervention, the U.S. National Debt will be $25.8 Trillion. Under the Obama plan, it will be $25.4 Trillion. Under the Boehner plan, it will be $25.2 Trillion. In other words, all this talk about the “Fiscal Cliff” is PURE POLITICAL THEATRE.
But, don’t take MY word for it.
Lou Dobbs: The Fiscal Cliff SCAM FULLY EXPLAINED !!!
WOW! Excellent analysis.
http://xrepublic.tv/node/1587
The fact of the matter is, on a totally Fiat Currency System under Keyensian economics,money creation must exceed the previous year’s total money supply/debt creation.The private sector is in contraction due to the recession/depression, under Keyensian philosophy when the private economy contracts the Government must pickup and continue the spending of the created Fiat Money into the economy or the whole system will collapse.The negative consequences of this whole fraud is the loss/theft of purchasing power of the currency.