Most people DO NOT understand stimulus money:

All this stimulus money BHO is asking for + all the stimulus money already approved and/or spent by Congress + all other future bailout funds are monies that are completely fabricated. That is, they have been created out of thin air by the Federal Reserve. They simply increase the money supply. We as taxpayers, both present and future, will have to pay for the use of this money through either exorbitant inflation or taxation.

By additionally asking Congress to provide the citizens with tax cuts doesn’t really make sense now does it? It’s one in the same. The lost revenue from those tax cuts will have to be realized through reduced government spending (which, C’mon, that never happens) or increased government borrowing which just puts us right back in the previous paragraph. Sort of like using 2 credit cards to buy one item.

It’s just more of the same - our government NEVER does the right thing, it merely sticks a patch on it and let’s the next generation deal with it.

Related Posts:

• After christmas the truth will be told that failure of bailouts
• Foreclosures will continue because the values of homes will continue to go down for some time.
• The reason why GDP is shown growing although no one benefits is pretty clear.
• Upward? How many times will the FED call bottom. It’s a setup, again.
• Financial Sense has a couple authors calling for a possible drop to 860-70 before summer is over.

Leave a comment