Monday, October 01, 2012
Happy New (Fiscal) Year!
The federal government is scheduled to spend about $1.3 Trillion more than it takes in, again. The money guys in the government are not able to fund adequately this new debt with T-Bill sales, so they print a lot more money which action dilutes the dollar's purchasing power nearly instantaneously and threatens through inflation to further dergade it in the near future. All the while the signs of a second recession are looming ever more ominously; and since our leadership completely sucks, we're continuing to do the opposite of what we need to do to get the economy growing at even the average rate, much less the average recovery rate.
Maybe it's not so happy after all.
Maybe it's not so happy after all.
Labels: Fiscal Year; Devalued Dollar; Inflation; Overspending; Poor Federal Leadership; Second Recession
# posted by Roger Fraley @ 10:15 AM 
