It has been revealed that the Federal Reserve has bought up 61%
of the government debt. Lawrence
Goodman, a former Treasury official and current president of the Center for
Financial Stability, says "This not only creates the false appearance of
limitless demand for U.S. debt but also blunts any sense of urgency to reduce
supersized budget deficits." This
will eventually have to stop, most likely after the November election if Obama
gets reelected; when it does, the economy could totally collapse.
COMMENTS:
Obama is maneuvering the economy, trying to make things look
better for his reelection campaign. Fed
intervention in the government debt market makes demand for Treasury bonds
appear higher than it really is, as foreign creditors and other investors have
fled U.S. government debt instruments and are looking elsewhere until the
government makes serious attempts to curb spending and narrow its gaping
deficits. This is a horribly nasty trick
to play on the country.
TODAY’S QUERIES & ANSWERS:
Q. I hear that the student loan balance is over $1
trillion. That’s astounding. (Kelly ~ Redding, CA)
A. Yes, and if it isn’t paid, that means the national debt
goes up by $1 trillion. The way they’re
running this government surely makes you want to pay your income taxes, doesn’t
it?
Q. North Korea is developing an intercontinental missile
capable of delivering a nuclear payload to the U.S. Why aren’t we stopping them? (Archie ~ Albuquerque, NM)
A. Evidently, Obama doesn’t want to.
Q. I was reading that Bill and Hillary Clinton were saying,
before the last election when Obama was wowing the country, that Obama was a “non-citizen”
and ineligible to be President. Why didn’t
they stop him? (Isabelle ~ Bakersfield,
CA)
A. If you will recall
correctly, the Clintons and a very long and private conversation with Obama
before conceding the nomination to him.
Obviously, some kind of a deal was struck and Hillary ended up being
Secretary of State. By the way, a six-month
long criminal investigation by Sheriff Joe Arpaio has found ‘probable cause’
that Obama’s long-form birth certificate released by the White House and
Obama’s Selective Service registration form are forgeries.
TODAY’S QUOTE:
“It's 120 degrees in Iraq and our soldiers are living in
tents too, and they didn't commit any crimes, so shut your mouths.” ~ Sheriff
Joe Arpaio on his tent cities for illegals.
TODAY’S VIDEO:
No comments:
Post a Comment