Doug Ross:
While low-information voters and progressives never seem to think ahead more than a day at a time, thoughtful and concerned citizens know what’s coming.
With all the talk of tapering and expected hikes in interest rates by the Fed, inquiring minds are likely interested in what happens to interest on the national debt if the Fed ever does hike…
…the current blended rate of interest on the national debt is a mere 2.4% according to the CBO…
The “optimistic” projection of $668 billion assumes the rate will stay below 3.1% through 2020.
With that in mind, please consider the Fed’s ‘hidden agenda’ behind money-printing.One of the most important reasons the Fed is determined to keep interest rates low is one that is rarely talked about, and which comprises a dark economic foreboding that should frighten us all.
I find it hard to believe that all of this is not planned. The ones in charge have to know what will happen. How many people are there now who are starting to believe that obama intends to spend the USA into bankruptcy? My hand is raised.
@Smorgasbord:
Not just Obama but the Full Democratic party leadership, and the GOP’s establishment leadership. They will all sit fat and happy in their posh Washington DC digs.
Until the economy finally crashes and the American entitlement programs funds halt. Then all hell breaks loose.
@Ditto: #2
This is when they will do like some European countries are doing, and go after the 401(k)s and IRAs. It’s already in the works. Those who will still refuse to believe it will by like those who worked to get obamacare, but now wish they hadn’t.
Doug Ross’s first line, ”While low-information voters and progressives never seem to think ahead more than a day at a time…..” is true but his last line, ”Cloward/Piven….”is the clincher.
Dem and liberal voters are the useful idiots of the progressive/communist/socialist leaders.
The low-info voter will be thrown under the bus once elections are gone as Cloward/Piven leads to a new style of governance that doesn’t utilize voting.
All the ”largess” so many low info voters think they’ve guaranteed themselves by voting in liberals will be worthless.
They should look to Detroit for the Leftist pattern for the poor.
Falling apart infrastructure, lack of police/fire/paramedics, lack of good teachers/doctors, packs of wild dogs, wolves and human gangs rule the over-half deserted streets.
The big winner is George Soros, who will short the dollar and become the first quadrillionaire.
He has done it before.