If you earned $100,000 a year, but spent $160,000 a year. How long would your family survive?
The United States with Barrack Obama as President is currently running DEFICITS of 60% more then earns.
If the Chinese and other countries, decide not to show up at our treasury auctions our currency collapses.
We have no jobs at 100k per temporary job, the compelete socialization of the housing sector by the democrats, and an anti-capitalist, spend and tax president.
How many years until our currency collapses? $1,000,000,000 cash to the winner.
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March 4th, 2010 at 8:39 am
Nope. But he’s not going to, so the question is moot.
Republicans are highly upset that Obama is borrowing nearly a trillion dollars to spend in the US as various forms of stimulus. Yet they never objected as Bush borrowed enough to spend over 4000 lives plus nearly a trillion dollars on a useless war in Iraq.
Why was the spending in Iraq so much more acceptable than spending money here in the US on infrastructure, teachers, etc?
BTW, your question fits a typical conservative question pattern:
_1_ Make up a "fact".
_2_ Challenge "libruls" to explain made-up "fact".
_3_ Get all bent out of shape when "fact" is shown to be false.
Don’t you ever get tired of the charade?
.
March 4th, 2010 at 8:39 am
who knows
March 4th, 2010 at 8:39 am
Good question, how come no one was at all concerned when bush was doing it?
March 4th, 2010 at 8:39 am
This is the part where Obama and his supporters just simply ignore reality.
March 4th, 2010 at 8:39 am
We can always sell the Grand Canyon.
March 4th, 2010 at 8:39 am
I don’t think it will. If the federal reserve can sell all it’s treasury securities to foreign countries…
Actually yes we will never mind, there is no way we can sell that much debt.
March 4th, 2010 at 8:39 am
Credit/Debit system makes our economy strong.
Eat today we’ll diet tomorrow.
March 4th, 2010 at 8:39 am
I give it five to ten years until the currency is really hammered in the marketplace.
March 4th, 2010 at 8:39 am
I have a ton of silver (not literally) I plan on using for barter currency when the American currency collapses. By the time you have to pay out the winner to your contest, $1,000,000,000 will all be fit on one bill, hopefully one with Barack Obama’s face on it so we will remember why our country went into hyper inflation and who was responsible.