Showing posts with label U.S. Dollar. Show all posts
Showing posts with label U.S. Dollar. Show all posts

08 March 2013

To Many Hands Out, How Will We Pay?

When we look at what's going on with our economy, one has to wonder.  How will the United States pay for so many people on the Federal Dole?
Let's consider for a moment that we have about 10,000 people per day that are signing up for Food Stamps, or roughly 300,000 per month.
On top of that we have thousands on a daily basis signing up for Welfare.
On top of that we have around 10,000 people per day retiring and collecting Social Security (which is a pay as you go program, there is no trust fund)
On top of all these handouts to non producers, we also have the Federal Government adding about 100 new employees per day.
So you might be sitting there saying, Yeah, we're a big country, what's the big deal.  Here's the big deal.  We're only adding around 150,000 jobs a month to the economy.  Yes, you heard that right.  We have around 300,000 new retirees per month collecting Social Security and over 300,000 NEW people collecting Food Stamps plus who knows how many collecting Welfare EVERY month and yet only 150,000 new jobs a month to support all of this.  How will we pay for it all?  I just don't see it happening.

17 September 2012

Here Comes Inflation, AGAIN!

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!

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