Homestead mailing list

[EarthNSky <erthnsky AT bellsouth.net>]

Don Bowen wrote:
> > WASHINGTON, Nov 3 (Reuters) - Facing the need to borrow up to a staggering
> > $2.1 trillion in the current fiscal year to fund economic rescue programs,
> > the U.S. Treasury is expected to significantly expand its debt securities
> > arsenal.
>
> I have been thinking about this today after I read about the borrowing we
> will be doing over the next few years.  Where will that money come from?

Taxes.  This is the first step towards the United Socialist States of 
America.  First the bailout, then Obama, then a bigger bailout..bailout 
that is more a takeover than a rescue or bailout..spin it however, in 
the end, the government will have a hand in everything, in Wall Street, 
in business, and most importantly, in your wallet.  Not to worry though, 
there will be plenty of blue collar union jobs to go around, just make 
sure you don't make too much money or you will be taxed, too.


> Japan, Great Britain, China and the oil countries have been loaning us money
> in recent years but each has problems of their own.  In order to attract the
> money it will be necessary for the US to raise interest rates which could
> revive the carry trade.  But what it will do is force us unto massive tax
> increases. 

This is exactly what McCain has said..add in what Obama says, that he 
will increase spending on this or that, and you have a real mess.
Don, are you just now realizing this?

Bev

--
“Fear is the path to the Dark Side. Fear leads to anger. Anger leads to 
hate. Hate leads to suffering.”        Yoda