Printing Is About To Start

[trane]

What is usually the best month income wise for the government shows us some troubling information. Look at April in this link and you will see that we spent more than we took in on our biggest pay day of the year.

http://www.fms.treas.gov/mts/mts0409.pdf

All the spending going on has to be paid back and the governments tool for collecting this money is going to need some help. A poor economy means less taxes paid which makes printing money and lowering the value of the dollar a given. I am sure Obama had this figured into his plan but what it means is they are going to get desperate for money and have to print it.

Long term it means higher taxes for those that work and have too pay all this back. As if that wasn't bad enough taxes will be raised just to fund the current needs of government without even touching the debt.

[tunnel_rat]

They seem to treat the economy like a game of Monopoly. This bunch is truly clueless, or criminally negligent...:mad:

[trane]

This guy is a genius,

May 14 (Bloomberg) -- President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

I like this lie, the trust fund was not used because the money was spent faster than it came in. What he really means is the payments going out is going to soon exceed the SS income.

The programs’ trustees reported May 13 that the Social Security trust fund will run out of assets in 2037, four years sooner than forecast, and Medicare’s hospital fund will run dry by 2017, two years earlier than predicted a year ago.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJsSb4qtILhg&refer=worldwide

[bb]

Tyranny of the Obama admin will cost us $$$87,671,232,876,712.32/day for 2009. :mad: