"The election of our political leaders is like going to a restaurant, not finding in the menu what you would like end up ordering something that you didn’t want".
"The American people are peace and freedom loving people and no one will fight harder for their liberty than such people."
***** $14.3 trillion ***** ***** debt ceiling ***** They did it again, from $12.1 to $14.3 trillion. They are tapping another $2.2 trillion to the national debt. They hope to make it pass the 2010 elections with this extra money. Who cares anymore for it will never be paid. We could wonder why it is called debt ceiling when it appears that there is none. On October 3rd 2008, the debt ceiling was raised from $10 trillion to $11.3 trillion. Hidden to the public and not publiziced by the media, in the stimulus package passed on February 2009 there was a provision to increase it to $12.1 trillion and now to $13.9 trillion. There is a catch to this as confidence has declined in our ability to make good on our debt. With a shortage of willing lenders, we have resorted in lending to ourselves via the printing press procured by the Fed. Our citizens who are concerned about the economy and have began to save money, are just handing their savings to a corrupt and bankrupted government who will not be able to guarantee their savings. They are feeding lies to our citizens of an economic recovery but what we are quickly approaching is financial Armagheddon?
** June 16th $11.5 trillion **
** July 18th $11.6 trillion **
** July 30th $11.7 trillion **
** August 11th $11.8 trillion *
** August 23rd $11.9 trillion *
** August 25th $11.73 Trillion?
** October 4th $11.9 trillion**
** October 29th $12 trillion **
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Such irresponsible currency printing policy once thought to be only a practice of third world countries will make our precious dollar be worth no more than this. It is ironic that when Governments print worthless paper it is called money but if someone else does it is called counterfit.
So basically, CD's, savings accounts, pensions and 401ks will be flushed away.
Over 60 trillion in unfunded debt to programs such as Medicare, Social Security, Military Benefits and many others. Don't believe it? Research: US unfunded debt
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Don't blind yourself of what is happening to our country. In spite of what the current Administration and most of the media is telling us an economic collapse is almost certain to happen. Join those who are trying to spread the truth and are involved into steering our nation in the right direction and away from chaos. This is no time to have the head in the sand.