Look, When You Have Socialists in Power The Last Thing a Country Needs Is Cheap Money!
What causes bubbles in the economy, or any given industry? Have you ever stopped to think about that? Well, many economists have and generally they have concluded it is because of easy money, that is to say that; free flowing, cheap money that doesn't come with high interest.
When easy money is available, people will borrow that money, and use it to invest.
They will invest in stock bubbles, real estate bubbles, tech companies, or any of a number of things.
Even governments who are able to get a hold of cheap money will borrow as much as they can, and keep spending.
If the money is flowing in like water from taxes, the government will grow, and commit itself to more expenses long-term, and then when that money drops off, or the tax revenue decreases, they are still stuck with those high costs.
That's what happened here in the United States, only it was countered with easy and cheap money that they were able to borrow.
There was a great article in the Wall Street Journal on August 8, 2011 titled; "The Curse of a Triple-A Rating Is Still Haunting the US," by David Reilly, which stated the downgrade from S&P could indeed be a "blessing in disguise" and "the danger is, if the country fails to alter its course.
" To this article and David Reilly its author I say; "Here, Here, right on, exactly my point!" Look, when you have a socialist government in power, the last thing you want the country to have is cheap and easy money because they will continually obligate the taxpayer far off into the future for all their reckless spending.
We can see that right now with the Obama Administration, and things have gotten completely out of hand.
In fact our Social Security obligation is now $110 trillion, Medicare is $260 trillion, if you take all the people in the United States currently, minus the average death rate, and consider that all of those people will grow up and be getting services in this regard, minus the amount of money they will be paying in, or any interest it might accrue, while still taking into consideration the estimated inflation.
Now then, what does this mean? It means that the United States is on a path to drive off a cliff due to its debt bomb, one that the socialist government currently in power in the United States has been creating with all their spending.
Indeed I hope you will please consider all this and think on it.
If you are a left-leaning socialist and you'd like to make an excuse for yourself, and you feel that you may have an excuse that I haven't heard before, which I doubt, you may shoot me an e-mail.
When easy money is available, people will borrow that money, and use it to invest.
They will invest in stock bubbles, real estate bubbles, tech companies, or any of a number of things.
Even governments who are able to get a hold of cheap money will borrow as much as they can, and keep spending.
If the money is flowing in like water from taxes, the government will grow, and commit itself to more expenses long-term, and then when that money drops off, or the tax revenue decreases, they are still stuck with those high costs.
That's what happened here in the United States, only it was countered with easy and cheap money that they were able to borrow.
There was a great article in the Wall Street Journal on August 8, 2011 titled; "The Curse of a Triple-A Rating Is Still Haunting the US," by David Reilly, which stated the downgrade from S&P could indeed be a "blessing in disguise" and "the danger is, if the country fails to alter its course.
" To this article and David Reilly its author I say; "Here, Here, right on, exactly my point!" Look, when you have a socialist government in power, the last thing you want the country to have is cheap and easy money because they will continually obligate the taxpayer far off into the future for all their reckless spending.
We can see that right now with the Obama Administration, and things have gotten completely out of hand.
In fact our Social Security obligation is now $110 trillion, Medicare is $260 trillion, if you take all the people in the United States currently, minus the average death rate, and consider that all of those people will grow up and be getting services in this regard, minus the amount of money they will be paying in, or any interest it might accrue, while still taking into consideration the estimated inflation.
Now then, what does this mean? It means that the United States is on a path to drive off a cliff due to its debt bomb, one that the socialist government currently in power in the United States has been creating with all their spending.
Indeed I hope you will please consider all this and think on it.
If you are a left-leaning socialist and you'd like to make an excuse for yourself, and you feel that you may have an excuse that I haven't heard before, which I doubt, you may shoot me an e-mail.
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