The U.S. government is BANKRUPT. The current government deficit is over 9 trillion dollars, 60 trillion if you account for entitlements programs (social security, etc). And these are probably low figures, as we know that governments tend to underestimate the ‘bad’ numbers and overestimate the ‘good’ ones.
This deficit spending cannot continue! Why? Inflation. For every dollar the government ’spends’, it is money created OUT OF THIN AIR; which means that every dollar currently in circulation loses value – every dollar in your wallet, your bank account, your investments. They all lose value. That is why you are paying $4.00 a gallon for gas, and why your grocery bills have risen so much.
The current rise in gas prices and indeed every commodity on the market is primarily caused by Dollar Inflation because the Federal Reserve (a private banking cartel) creates billions of dollars out of thin air every day.
Please realize that when the government spends money for solutions or bailouts or ANYTHING, all of your money is being devalued!
The country cannot afford socialized health care any more than it can afford the Iraq War, or the Fannie & Freddie bailouts, or…pick your legislation, it’s all borrowed money which is charged to the American people with interest from the PRIVATE Federal Reserve Banks.
America has been swindled for decades by the Federal Reserve system, and by the Keynesian economic policies of deficit spending.
What has occurred is the transfer of astronomical amounts of wealth out of the hands of the American people and into the hands of private bankers and their political lackeys – Democrats AND Republicans alike.
Americans are saddled with an economic system that is unsustainable, and with debt and Federal Reserve Notes which are quickly on their way to toilet paper status.
We MUST repeal the criminal Federal Reserve Act of 1913 and abolish the Federal Reserve System!