G Force
G 20 Leaders More Conservative than US
G20 leaders were clear that their countries would not spend trillions in their own economies stating clearly it is fiscally irresponsible. Even liberal nations like France oppose huge stimulus packages – who would of thought the US would have a more liberal position than France? The US plans to borrow and mint an unprecedented amount. They hope to spend their way out of the economic disaster but it’s not spending when most of the money is new borrowing and printing new currency is it?
I don’t know what economists and mathematicians are out there these days. $3 trillion to start with is so fiscally irresponsible that the G 20 nations are looking at us in disbelief. And disbelief is what is happening to the US. Rudy Giuliani on Fox News last week made a convincing argument. If we were a company (sound familiar) the US would be a bad investment. Its true! Who is running these numbers?
If private investors dissected our budget, balance sheet, tax revenue and most importantly contingent liabilities (like to e$5 trillion commitment to Freddie and Fannie) they would command junk bond status interest rates on debt and most but the most aggressive would ever take that kind of risk. Add to that a package that wreaks of special interest spending and at the worst time in history focused on programs that have been broken for decades and can’t be fixed by massive government programs like Nation Health Care. This is not the time to be revamping things even though much of this is greatly desired. A simple example is that my child sees all the toys in the store but IF we buy one we get only one. Otherwise he would want us to buy the whole store full.
The Democratic Congress and White House are asking the world, like Hillary Clinton pandering to the Chinese, to buy more of our debt. If your child had gone crazy and had an unlimited spending amount on a credit card and spent more money than you could repay over decades and asked to spend even more than the splurge what would you do? This example is what America has become, a child in a toy store with a credit card from China, Russia and the rest of the world. Our parents are not happy and I am certain will take away our credit card soon. All the toys in the budget – much of which is not to fix the economy as it is touted – is reckless, irresponsible and policy that you would find in the Land of Misfit Toys. It is clear G 20 nations agree.
G 20 Leaders More Conservative than US
G20 leaders were clear that their countries would not spend trillions in their own economies stating clearly it is fiscally irresponsible. Even liberal nations like France oppose huge stimulus packages – who would of thought the US would have a more liberal position than France? The US plans to borrow and mint an unprecedented amount. They hope to spend their way out of the economic disaster but it’s not spending when most of the money is new borrowing and printing new currency is it?
I don’t know what economists and mathematicians are out there these days. $3 trillion to start with is so fiscally irresponsible that the G 20 nations are looking at us in disbelief. And disbelief is what is happening to the US. Rudy Giuliani on Fox News last week made a convincing argument. If we were a company (sound familiar) the US would be a bad investment. Its true! Who is running these numbers?
If private investors dissected our budget, balance sheet, tax revenue and most importantly contingent liabilities (like to e$5 trillion commitment to Freddie and Fannie) they would command junk bond status interest rates on debt and most but the most aggressive would ever take that kind of risk. Add to that a package that wreaks of special interest spending and at the worst time in history focused on programs that have been broken for decades and can’t be fixed by massive government programs like Nation Health Care. This is not the time to be revamping things even though much of this is greatly desired. A simple example is that my child sees all the toys in the store but IF we buy one we get only one. Otherwise he would want us to buy the whole store full.
The Democratic Congress and White House are asking the world, like Hillary Clinton pandering to the Chinese, to buy more of our debt. If your child had gone crazy and had an unlimited spending amount on a credit card and spent more money than you could repay over decades and asked to spend even more than the splurge what would you do? This example is what America has become, a child in a toy store with a credit card from China, Russia and the rest of the world. Our parents are not happy and I am certain will take away our credit card soon. All the toys in the budget – much of which is not to fix the economy as it is touted – is reckless, irresponsible and policy that you would find in the Land of Misfit Toys. It is clear G 20 nations agree.
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