The election of Obama by the most uninformed of our electorate has imposed a economic disaster that will leave most Americans stunned in just a couple of short months.
Our dumbest have defined our collapse.
We have two choices. Raise taxes on the "wealthy" in the middle of the worst recession in our history or allow the Bush tax cuts to expire.
So raise taxes or raise taxes ?
Also massive cuts to the military right after Libya and Egypt were handed over to the Islamic radicals.
What happens when you raise taxes in a down economy?
Expect layoffs, expect a shrinking of our economy , an increase in our debt and a another drop or two in our credit rating.
Drops in our credit ratings = higher bond yields.
Higher interest paid to bond owners.
Obama Care when States have no money but according to law are supposed to pay for people who qualify for medicare.
The fed doesn't have any money.
So libz tell me why any of this is a a good idea.