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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: RetiredBen who wrote (68355)	3/28/2012 11:14:26 PM
From: Wayners	2 Recommendations Read Replies (2) \| Respond to of 103300

I'm being realistic. We have only seen the beginning of the ramp up in debt. We just saw a doubling of the debt under Obama. It's going exponential. You think the Federal Reserve will just keep printing money like Zimbabwe and if they do arne't the consequences going to be even worse? It's either a default of some kind and austerity or an attempt at austerity and a reneging on Social Security and Medicare etc. and a default after that or hyperinflation. Pick your poison? The debt went from $7.5 Trillion to $15 Trillion currently and the Baby Boomers have only just barely started to retire. There are no Federal Reserve Notes in a safe somewhere to pay for their benefits that dutifully paid for over a lifetime of working at the point of Federal guns, instead there are nonnegotiable bonds and taxpayers who themselves are tapped out and broke themselves. China and Japan have stopped buying our debt in any appreciable amounts and could begin liquidating in any panic. Scared? You should be. What's your plan?