tag:blogger.com,1999:blog-16816866.post2295067000053504708..comments2024-02-29T02:10:56.878-08:00Comments on J O S H U A P U N D I T: The Governator Gives Us All A Peek Into The FutureFreedom Fighterhttp://www.blogger.com/profile/13649470110087808596noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-16816866.post-31397188557076524722009-01-16T06:48:00.000-08:002009-01-16T06:48:00.000-08:00While the feds can certainly print their own money...While the feds can certainly print their own money, this is not a good solution. Simply turning on the printing presses will likely lead to hyper inflation. While Congressional pay and the Congressional pension plan is indexed for inflation, it is unlikely that they can vote themselves raises fast enough to keep up with hyper inflation. In other words, simply printing more money runs the risk of putting Congressional members as well as the voting public in the poor house. In addition to this, it would devalue the dollar even more than it already is. The foreign governments and the institutional investors who buy the T-Bills and Government bonds that keep the American Government afloat will very quickly debase Obama and his incoming team of the idea that they can simply print more money. <BR/><BR/>The bottom line is the big social programs they envision simply are not possible. If they have not figured this out already, they will very soon. <BR/><BR/>Actually, if I did not hold the left in such utter contempt, I would feel sorry for them. You see they have been trying for decades to gain control of the United States government. They finally succeeded only to find out that the folks who controlled it previously messed things up so royally that most of the programs they envisioned for when they controlled things are not possible. <BR/><BR/>There is one thing that they can and will likely do. That is to put their arch enemies George W. Bush and Dick Cheney in prision. Did they do any thing wrong? It doesn't matter. The voting public holds those men in utter contempt. I suspect there is about a 99.50% chance that George W. Bush and Dick Cheney will be living out the rest of their lives in Federal prision within year. This is about thing they will be able to implement.Anonymousnoreply@blogger.com