It is only a matter of time......KABOOOOOOM!!!!!!
GOP Predicts Doomsday if Obama Budget Passed
WASHINGTON (AP) -- Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama's massive spending blueprint wins passage.
"The practical implications of this is bankruptcy for the United States," said Sen. Judd Gregg, R-N.H. "There's no other way around it. If we maintain the proposals which are in this budget over the 10-year period that this budget covers, this country will go bankrupt. People will not buy our debt; our dollar will become devalued."
Shelby predicted that number could reach $20 trillion in coming years as Obama guides the country to "the fast road to financial destruction."
10 Years??? How about 10 months...............
It is about time some GOP congresspeople started studying Alstrynomics....some of us have known what was coming for some time. Now we are just being told......get ready for some radical changes.
In all fairness...Bush pressed on the accellerator about eight years ago......but Obama has put the pedal to the metal and it looks like there is no turning back now....
We will soon learn that all of America is broke.....as I said a few weeks ago......we are all Madoff's clients. We are all citizens of the United States.....and if the United States is broke....we are all broke. If you were a passenger on the Titanic....it didn't matter if you were first class or a cabin stewert.....you went down with the ship.......the question now is where are the life boats......
Some say gold.....but if you think that won't be confiscated.......you are a dreamer.
Some say commodities.......if the country is broke.......all assets belong to the country.
In the end....it really doesn't matter what you own....if your country is broke and it needs money to function.....it is your patriotic duty to give whatever you have over to the soverign in order for it to provide safety and welfare functions.