Obama's Debt Stimulus Plan & Gold the Ultimate Safe Haven P1
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How the stimulus package works - Part 3
The Chicago contractor whispers back, "$1,000 for me, $1,000 for you, and we hire the guy from Tennessee to fix the fence."
"Done!" replies the government official. And that, my friends, is how the new stimulus plan will work.
3 years ago 3
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can anyone tell me what the 700 billion dollars has gone to??????????
2 years ago 2
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All Comments (261)
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President George Bush largest budget was $2.9 with a $239 Billion deficit.
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Obama proposed 3.7 Trillion with a deficit of 1.4 Trillion for 2011. Currently based on usdebtclock org, the debt/GDP is 97.2%. Yet Obama claims that his spending is reasonable better than Reagan.
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Obama and democrats are trying to position themselves as the “good guys” using a government shutdown as a political strategy for their exorbitant spending. The Republicans and Tea Party are trying to control spending.
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The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.9 Trillion The debt right now is $13.018 Trillion. In approximately 490 days in office, he has accumulated $2.391 Trillion. Using simple algebra, you'll find that Obama will have accumulated in 2.75 years (Sept 2011) what George W. did in 8 years.
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People who now obsess about government debt have it backwards. The problem isn't the debt. The problem is just the opposite. It's that at a time like this, when consumers and businesses and exports can't do it, government has to spend more to get Americans back to work and recharge the economy. Then -- after people are working and the economy is growing -- we can pay down that debt.
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Thomas Jefferson once said
"We must not let out leaders load us with perpetual debt"
"Never spend your money before you have earned it"
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty."
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them"
i could go on and on, disturbing eh?
we need revolution bad
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agreed. And the value of gold is terrible, nice prediction!
as an economy minor, i can't listen to this.
Let the economy burn. we deserve it.
"predictable predictions."
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why would u suggest maxing out your credit cards...u would only be digging yourself a deeper hole...best advise would be to sacrafice...live humble and make decisions based on necessity not greed...which i believe to be tha problem with America and the world today...we want more and dont know how to limit our desires based on what we can afford or need!
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i predict that in the future, more and more people will be making lots of predictions.
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Can someone please give more info on purchasing gold and silver. Where? How? Authenication issues? Safe Transporting? Storage? I don't know what to do or where to go. Please help, time is short!
TheSmoosh 3 years ago
apmex or bulliondirect
visionvictory 3 years ago