Day By Day

Tuesday, October 13, 2009

The Perfect Storm

A perfect storm is forming in the US; a storm that threatens our economy in ways that will make our current banking issues appear small.

1. The runaway deficit spending of a government dominated by a single party of big spending do gooders.
2. Health care legislation that is being sold as cost/revenue neutral when similar attempts made by the States of Tennessee, Maine and Massachusetts clearly demonstrate that cost neutrality cannot be attained without severe rationing.
3. The Speaker of the House has suddenly decided that the US needs a VAT tax (national sales tax).
4. "Cap and Trade" legislation will be rammed through with as much thought as the stimulus and the health care package without regard for the cost on the poor and middle class.

The net impact of the above will be an economy in collapse. Long term unemployment, hunger and civil unrest are the likely outlook. The problem is that the socialists have never admitted to themselves just how much they need a successful capitalist economy to feed on; like all parasites eventually they weaken and kill their host.

If we're unable to stop this demented feeding frenzy that's being rammed through by the Democrats and a few misguided Republicans, the US will be threatened like the Andrea Gail and will likely founder; it remains to be seen if we're all going down with the ship.

No doubt the rats in Washington all have their lifelines intact. What color is your parachute?

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