Consumption and Real Estate
What do you think this country will look like when the chickens come home to roost and the $15. 3 trillion?
deficit and rising can’t be hidden anymore? We don’t live in a vacuum. Will the sky fall and how long do you think it will take? I don’t think Obama has any clue about what he’s doing and is fiscally reckless, especially with bare bones Obamacare, which will give everyone bare minimum health insurance and take away the much more comprehensive coverage that those with good health plans have now. Obama thinks that paying for a blood test and a chest x-ray once a year and being allowed to see a doctor for two minutes every 6 months is acceptable health insurance. And we have to pay through the nose in taxes so that everyone can have skeleton heath insurance and give up our Cadillac coverage in comparison to boot.
Wow, what a question. Don’t know where to start. Well I’ve got news for you the chickens started coming home to roost years ago. I heard all this dribble way back in the 60s when they were getting Medicare and Medicaid and the other ‘Great Society’ programs passed along with the Viet Nam war. But thanks to Nixon opening up ‘Red’ China and Saudi Arabia and other sovereign wealth funds it has not hit home. When Reagan spent the USSR under the table he was using sovereign wealth loans not our tax money. He just left us with a pile of debt. Well my kids didn’t pay it; Clinton and the Bush’s just borrowed more sovereign wealth money. Government never wants to raise taxes if they can borrow. Now as long as the sovereign wealth funds hold out my grand kids or their kids won’t have to face the chickens trying to come home to roost. It all depends on the credit rating of the good old USA. The problem is this country doesn’t want to live within it’s means. If you or I tried to live unrestricted lifestyles with credit cards where would we be?