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Politics : The Obama - Clinton Disaster
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To: John who wrote (76345)7/30/2012 10:06:24 PM
From: Wayners2 Recommendations  Read Replies (1) of 103300
 
I agree, that is part of the plan to keep the game of musical chairs going but it's clearly not going to work. We are now governed by the laws of big numbers and there is no way in hell demographically to keep the economy growing much longer. Boomers are retiring, people are having fewer children. The money ponzi scheme requires more and more and more borrowers distributed among the populace to keep it going. When the Fed creates a Trillion dollars they don't create the money to pay back the interest on that Trillion dollars. It requires more and more borrowers and that money is used to pay the interest of previous borrowers. You need more and more borrowers to keep the music going. Not going to happen just delaying the inevitable. Obammy is raising taxes dramatically, but that's going to make growth go down even more putting even more pressure on Govt bonds and the Dollar as the World Reserve Currency. I don't see revenues ever going up over $2.8 T a year as spending goes higher and higher to pay for interest on the debt, and entitlements, and worst of all Medicaid. When the whole things goes bust the Left who ran up the debt through all the entitlements is going to say, see Capitalism doesn't work.
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