Few people know (and few who DO know [Ben Bernanke & Co.] are saying so publicly) that during the Great Depression US Government debt as a percentage of GDP did not reach 40%.
Today, during what our Honest Democrats (C) are calling the Great Recovery, US debt is set to pass 100% of GDP.
- Yup! 100% GDP to Government debt! All thanks to their spending!
Our lame duck [read: fired] Marxist Congress ...for our own 'good' of course...wants to pack even MORE spending we neither want nor need UP our......er, down our throats.
- Small wonder these well-informed, highly-educated "progressives" enjoy a 13% approval rating. The BIG wonder is that they do not care one bit what "we the people" (all 87% of us think). They are clearly telling us to go pound sand.
Ah, Mr. orwell was indeed prophetic:
Freedom is Slavery
Debt is recovery
....meanwhile, China buys gold with cash it has in hand, and Congress buys more "pork" [read: earmarks] with money it does not have, but must borrow.
Only ONE of these is actually a good plan....the other is sinking faster than a head-shot carp!
- And I fully expect Bernanke of the FED to double-down on failure by increasing the FED's already 'doubled' balance sheet by one or two trillion Dollars more!!!
Friday, 17 December 2010
The Great Recovery and Honest Democrats...........from Rico
From Theo Spark at 07:31
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