Here we go again guys, the Fed is up to no good, and on a Rampage printing money as fast as it can run the presses. I guess we learned nothing from the 70's and how Inflation got out of control with excessive Government spending. With all this money flooding the system, Food, Gas and Energy prices, which are already at an all time high are going even higher! This action will undoubtedly Further push down American's disposable income, which in turn will cause even more job losses! I mean let's face it, if you're having to spend $100.00 in gas just to go to the restaurant, you probably can't afford to go to that restaurant anymore right? As Investors business Daily says,
The government's addition of $1 trillion a year to our nation's debt hangs over this economy like a dark cloud, keeping entrepreneurs and big businesses alike on the sideline. The "fiscal cliff" we're about to go over will sock Americans — especially entrepreneurs — with a tax hike of almost $1 trillion. That's why the economy's dead — not insufficient Fed money printing."
But don't worry there's a bright side to all this money printing, I'm sure that within just a few years of the coming inflation, we could do like the Germans did in the 1920's and use all that extra cash as a heating source for our homes. Hey at least no one will freeze to death in the Winter of 2016!