Economists everywhere, have been saying that we are headed for a deeper recession in 2013 no matter what happens between now & January and Bernanke has just made the past 3-1/2 years even worse with plans for QE3. This is the 0bozo economy and he OWNS it.
When Barry Soetoro was running in 2008, I said that one of his big goals would be to get 55% of America on goobermint entitlements. He fell a bit short but one would have to thank the TEA Party revolt in 2010 for that.
Romney is 100% correct in his statement and it's too damn bad if it makes the Proglodytes heads explode becase he speaks the truth instead of giving America false hopey-changey BS, constant lies about the true numbers and pathetic state of the Union.
Here's part of Romney's statement.
"There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. That that's an entitlement. And the government should give it to them. And they will vote for this president no matter what ....These are people who pay no income tax."
47% Government Dependency; Is our Dollar Headed for Collapse?
jr
2012/09/18 11:42:12
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The latest contrived liberal crisis, is a statement from Gov. Romney, discussing the difficulty of getting elected, with a huge number of voters that are dependent on a government, against an opponent that is encouraging and enabling this dependency behavior.
All appears to be fine in the life of Riley, where cell phones, food, and housing are all free, but as responsible individuals we have to ask the question, what happens when the money runs out? It is becoming obvious this is the intent of the Democrat party is to collapse our dollar , but have they considered how they will feed these dependents when they reach their goal?
It appears the democrats have contrived a scheme to perpetually insure their hold onto power by exploiting this dependency behavior, but have they considered consequences when it collapses our dollar?
Excerpts, US Treasurys are "Junk" Dollar Headed for Collaspe: Schiff
The greenback and the U.S. bond market are headed for a collapse as the
U.S. Federal Reserve loses the ability to service the nation’s debt with
“artificially low” interest rates, Peter Schiff, CEO of Euro Pacific
Capital told CNBC on Wednesday.
“And the only reason that the U.S. government can pay the interest on
the debt, and I say ‘pay’ in quotes because we never pay our bills. We
borrow the money so we pretend to pay, but the only reason we can do it
is because the Fed has got interest rates so artificially low.”
All appears to be fine in the life of Riley, where cell phones, food, and housing are all free, but as responsible individuals we have to ask the question, what happens when the money runs out? It is becoming obvious this is the intent of the Democrat party is to collapse our dollar , but have they considered how they will feed these dependents when they reach their goal?
It appears the democrats have contrived a scheme to perpetually insure their hold onto power by exploiting this dependency behavior, but have they considered consequences when it collapses our dollar?
Excerpts, US Treasurys are "Junk" Dollar Headed for Collaspe: Schiff
The greenback and the U.S. bond market are headed for a collapse as the
U.S. Federal Reserve loses the ability to service the nation’s debt with
“artificially low” interest rates, Peter Schiff, CEO of Euro Pacific
Capital told CNBC on Wednesday.
“And the only reason that the U.S. government can pay the interest on
the debt, and I say ‘pay’ in quotes because we never pay our bills. We
borrow the money so we pretend to pay, but the only reason we can do it
is because the Fed has got interest rates so artificially low.”
Read More: http://www.cnbc.com/id/47256715/US_Treasurys_Are_J...
worked some made good money, some don't, But no matter who you where you would
sometime donate to help other in the time of need, America was always good at helping others, and when things happen here, we help are own people no one in other countries
sent there money here. But it has always been the individual people who help out,
and donate, some donate more than others, but that is what makes america.
Healthcare bill, should have been different individual states, not a federal government
because that money will for everything but what it was intended, doctors already hate
waiting on the government. Heart of america was to always help, but now we are in
trouble be we have a out control congress, president and his wife. When I was growing in the 70's there where people then on wealthware that shouldn't they try to change it,
but it didn't work. Remember nothing is for free.
The new CBO report states that increased entitlement spending and insufficient revenue is making the long-term outlook for the national debt increasingly dire.
Debt held by the public would reach 109 percent of the economy by 2026, and it would be almost 200 percent of GDP by 2037.
Many economists have warned that if debt held by the public approaches 100 percent of GDP, it can bring on the kind of fiscal crisis being felt in European countries today, in which governments must suddenly slash spending and laying off workers in the face of rising interest rates caused by spooked investors. "
We have GOT TO get a handle on these folk who feel entitled to gubment handouts
nuff said