Do not give him any ideas.

Liberals always take the easy way out. HARD WORK are just 2 four letter words to them.

But then his welfare-sponge voter base wouldn’t get anything out of it. They want to milk this cow until it’s dry.

Can you show with me some links of your complaints when Republicans were starting programs to without even considering how to pay for them.

I suppose it would have been easier for all of us if Reagan had just done that instead of proclaiming that "deficits don’t matter." Then there wouldn’t have been a 30 year slide into the state we are in today. Feel free to keep pretending that Barack Obama all by himself is responsible for the national debt and deficit. Reality disagrees with you.

1st, it is not just Obama. Nixon made this even possible in 1971 when he took the USA off the gold standard for the last time. Since then most every president has helped push things along. Granted it was Obama who out deficit spent 8 years of Bush in his first few months, and realistically could out deficit spend all of his predecessors combined (that is EVERY US president) in his first term.

The current administration has already added about 1.5 trillion in new money into circulation. This is roughly equal to 170% of the previous total amount of money in circulation. (see below for the source) History tells us that new money added to circulation takes about 2 years to work its way into the system and manifest its inflationary effects (the banks are still sitting on piles of the bailout money), so we have some time. Be aware, a TRILLION is a lot of money. & there is no way that the Fed will be able to back this $ out of the economy in time without raising rates to 45% tomorrow. How can we not have hyperinflation?

Once high rates of inflation are apparent, foreign governments will see the value of their US bonds falling and will probably begin dumping their holdings of dollars, thus accelerating hyperinflation. Once the cost of everything is skyrocketing, the government will not be able to collect taxes fast enough, and it will have to resort to printing even more money (as happened in Germany about 100 years ago when 99% of their government spending was with printed money and only 1% from tax receipts) further speeding up the hyperinflationary death spiral.

What seems to matter as far as initiating hyperinflation appears to be when government deficit spending via printing money increases to about 1/3rd of revenue. When a country crosses this line, hyperinflation starts sometime in the future, but nobody really knows how long in the future. The USA just crossed this line for the 1st time.

Inflation, or in a severe case, hyperinflation, is a local event; it does not affect currencies in foreign countries, and may even help their stock markets via shifting purchasing power to unaffected countries. It will be very bad for anyone who is not prepared, so take action now to prepare yourself.

http://swisssolution.webs.com/

Consider the quote and the Federal Reserves’ own chart at the top of the above page.

If you have access to your foreign money in a foreign country, you are safe from hyperinflation, as well as bank failures that may result. In today’s world, Swiss banks can issue debit or credit cards that are good just about everywhere, so you can still spend as you need to. The money you spend via debit or credit card would not be converted into the depreciating currency until the instant that the sale takes place.