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June 28, 2010
Obama Agenda Destory America's Economy With His "Stimulus" Bill and Bailouts Costing Over $5 Trillion!!
Harry Reid says the Stimulus Bill is at a Trillion Dollars
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True Cost of Bogus "Stimulus," $3.27 Trillion, Plus Likely Bailouts = Over $5 Trillion (not Including Obama's "Healthcare" and "Environmental" Costs)
It's intentionally destroying the economy, "stupid."
This "stimulus" of manufactured catastrophe: $3.37T + total "bank bailouts": $1.8T + expected state bailouts: $40B+ (I.O's rough estimate) = roughly $5.2-trillion, over the next ten years. That does not include planned "healthcare reform," nor the punitive effects of the "environmental" ploys of the Obama despots (e.g., "cap and trade," socialist make-work projects), etc.
Accumulated, this will not stimulate the economy. It will destroy the economy and our livelihoods. There will not be that much available money in a world this will drive into recession. Therefore, once again: we see the Sorosian tactics of destroying currency (including extreme inflation) and this time, our entire economy -- perhaps, nearly the entire world's economy, as the dominoes fall.
Is there anyone who can deny that these people seek to eliminate the free American economy, as they would send us into depression, and turn the American "masses" into proletariat dependents upon the state?
From the Heritage Foundation...
All of the major news outlets are reporting that the stimulus bill voted out of conference committee last night has a meager $789 billion price tag. This number is pure fantasy. No one believes that the increased funding for programs the left loves like Head Start, Medicaid, COBRA, and the Earned Income Tax Credit is in anyway temporary. No Congress under control of the left will ever cut funding for these programs. So what is the true cost of the stimulus if these spending increases are made permanent?
Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 trillion.
Do you not understand what Obama, Pelosi, etc. mean by "transformational" and by Obama's claim, "I will change the world?"
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Wild Thing's comment........
We have never seen anything like this before. It is shocking and I have no clue how to stop this insanity. God help us and our country. Obama is running it into the ground.
....Thank you Mark for sending this to me.
Mark
3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
VN 66-67
Posted by Wild Thing at June 28, 2010 05:47 AM
Comments
Do people really think these Democrats care about debt and breaking the nation? They're like little children who think their parents have an unlimited amount of money. They believe as long as they spend and spend, they will always be in power and they will live very comfortable lives full of wealth and power.
Posted by: BobF at June 28, 2010 09:57 AM
That about sums it up BobF. One thing not mentioned is the unfunded Liabilities, which currently is approaching over 110 trillion dollars.
This is got to be the plan, bankrupt America, the brain child of Soros and Strong, probably working together. Obama the puppet child is just responding to the strings being pulled and his speech being written for him.
I don't care how smart they say obama is, he didn't come up with this himself, its all part of a bigger plan.
Posted by: Mark at June 28, 2010 10:33 AM
Ah, but not to worry. This bill will not take money from anywhere else. This is "new money". Yeah, to be printed by the Treasury. Of course it will help to devalue the dollar and lead to more inflation. But that is irrelevant to Democrats. When inflation hits in a year or so they can just pass lots more laws and regulations to deal with it then.
We are so screwed!
Posted by: TomR, armed in Texas at June 28, 2010 10:43 AM
