WHAT SEEMS TO BE MISSING IN THE DEBT TALKS...IS THE CONSEQUENCES OF "FIXING THE DEBT"...
ESSENTIALLY....IT MEANS TAKING MONEY OUT OF THE POCKETS OF PEOPLE...AND CUTTING BACK ON CORPORATE GOVERNMENT CONTRACTS...
THIS ALL REDUCES THE AMOUNT OF MONEY IN THE ECONOMY...AND THE VELOCITY OF MONEY IN CIRCULATION WILL LIKELY PLUNGE...BADLY.
BUT THIS IS THE OPPOSITE OF WHAT OBAMA AND THE FED HAVE BEEN TRYING TO DO TO STOP THE BUSH DEPRESSION...
IF THE AMERICANS STARTED "LIVING WITHIN THEIR MEANS"...WITH THE CURRENT LEVEL OF ELITE LOOTING CONTINUING...AMERICA WOULD BE IN A DEPRESSION THAT WOULD MAKE THE 1930'S LOOK MILD...!
FIX THE DEBT...MEANS LETS GO BACK TO THE PERMA-DEPRESSION THAT THE WORKING CLASS HAS BEEN IN FOR DECADES...
BUT NOW....EXPANDING IT TO THE MIDDLE CLASS AND CORPORATE SECTORS...!
ESSENTIALLY....IT MEANS TAKING MONEY OUT OF THE POCKETS OF PEOPLE...AND CUTTING BACK ON CORPORATE GOVERNMENT CONTRACTS...
THIS ALL REDUCES THE AMOUNT OF MONEY IN THE ECONOMY...AND THE VELOCITY OF MONEY IN CIRCULATION WILL LIKELY PLUNGE...BADLY.
BUT THIS IS THE OPPOSITE OF WHAT OBAMA AND THE FED HAVE BEEN TRYING TO DO TO STOP THE BUSH DEPRESSION...
IF THE AMERICANS STARTED "LIVING WITHIN THEIR MEANS"...WITH THE CURRENT LEVEL OF ELITE LOOTING CONTINUING...AMERICA WOULD BE IN A DEPRESSION THAT WOULD MAKE THE 1930'S LOOK MILD...!
FIX THE DEBT...MEANS LETS GO BACK TO THE PERMA-DEPRESSION THAT THE WORKING CLASS HAS BEEN IN FOR DECADES...
BUT NOW....EXPANDING IT TO THE MIDDLE CLASS AND CORPORATE SECTORS...!
