Obama has to borrow 1.5 Trillion by October to cover the budget items already on the books. China is lightening up on U.S. bonds. We will have to find another patsy to lend us the money. Or print more. Inflation has always been the magic elixir for the govt. to avoid paying their debts; they pay back with cheaper dollars. It looks good on paper but the lender does not get back the value he started with; just more dollars.
The way the govt. calculates inflation is to include housing. House prices are falling; viola, no inflation. It is all magic. ----- Original Message ----- From: "Michael Madigan" <[email protected]> To: "ProFox Email List" <[email protected]> Sent: Tuesday, April 19, 2011 12:35 PM Subject: Re: [OT] Americans duped on budget cuts > We're so f*cked. > > --- On Tue, 4/19/11, Ken Kixmoeller (ProFox) > <[email protected]> wrote: > >> From: Ken Kixmoeller (ProFox) <[email protected]> >> Subject: Re: [OT] Americans duped on budget cuts >> To: "ProFox Email List" <[email protected]> >> Date: Tuesday, April 19, 2011, 10:42 AM >> On Tue, Apr 19, 2011 at 7:56 AM, >> Nicholas Geti <[email protected]> >> wrote: >> > After promising to cut 100 BILLION dollars... the >> "cuts" for this fiscal year were >> > a paltry 352 MILLION dollars. >> >> Breaking News: Politicians lie! Details at 11. >> [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/F2CF70DF674E45B69E797858EECA604D@dual ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
