By John F. Pilmer
The “law of the farm”, “reap what you sow”, “what goes around, comes around”–whatever you want to call it, the ripple effects of a tsunami of greed, corruption, toxic debt and governmental mismanagement are starting to show up in very painful ways. In the U.S., we “ain’t seen nothin’ yet” as we brace for the long term consequences of short-term feel-good spending by Congress.
A trillion dollars in new debt in the first year of the Obama administration. Breathtaking! Now, the CBO estimates the liberal spendthrifts are ready to borrow another trillion, give a take a few billion, to fund Nationalized Healthcare. This is BAD, BAD news for our economic health in the long run–to the extreme.
Consider the little country of Greece, in the middle of their own debt crisis. Their relatively small economy is having negative effects on world markets.
Oil Plunges on Greek debt News: story
US Stock Market down on news of Greek debt problems: Hong Kong story; Canada story; US story
Now, what if that were the U.S. debt crisis, instead of Greece. What would be the effect–a tidal wave compared to the ripple caused by Greece!
China, our 2nd largest creditor (Japan just reclaimed #1 spot), is concerned about the United States ability to pay it’s debt (story). The world is questioning us for the first time in history because we are spending like teenagers!
Printing money we don’t have to create another iefficient government run program (ObamaCare) will surely draw fire from our country creditors.
Watch my healthcare survivor story:
