Congress Agrees to Bankrupt the Nation
The back room deal gives Obama an unlimited printing of blank checks drawn on the sweat of our backs and the future of our children.
Congress sold the people down the river again. There are NO spending cuts at all. They only agree to reduce somewhat the amount of SPENDING INCREASES in some mythical future years.
Let me repeat that:
* NO SPENDING CUTS.
* BIG DEBT INCREASES!
* AND BIG TAX INCREASES
It promises $12 Trillion in MORE BORROWING over 10 years. That will total $25 Trillion by 2020, an unsustainable debt on a GNP of around $15 Trillion.
It promises to rescind the so-called "BUSH tax cuts" and raise taxes right after the 2012 election.
It does nothing to reduce the massive Obamacare taxes now part of the law, and which will take effect right after the 2012 election.
The secret back room "deal" guarantees huge tax increases, huge debt increases, and NO spending cuts. But it gives you all the smoke and mirrors you can stomach.
The proposed agreement guarantees to bankrupt the US Government and push the entire US economy into total collapse. It guarantees $100 gas if you can find any for sale. It guarantees $100 bread, if you stand in line for 3 hours to get one. We better be stockpiling food and ammunition. We are going to need it.