Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (139184)	7/25/2012 10:55:09 AM
From: JakeStraw	4 Recommendations Read Replies (1) of 224748

Since President Obama took office four years ago, the U.S. national debt has increased by $5 trillion—50%. At the same time, the central banks of the U.S., the eurozone, China, Japan, and England have increased the size of their collective balance sheets by $7 trillion. Presto…an unprecedented $12 trillion in new money has been created out of thin air! If there is one thing history has taught us, it is this… The more debt a government piles on, the more money a central bank creates out of thin air, the more damaging the eventual consequences. The next shoe for the U.S. economy is going to fall...

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