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Predatory Legislators

February 22nd, 2009 | economy, politics by Peter Schiff

Faced with a prospect of downgrading its lifestyle, the U.S. government is instead borrowing trillions of dollars to artificially inflate our deflating bubble economy. The money is being used to both expand the size of government and finance additional consumer spending. Given our financial position, this is the exact opposite of what we should be doing. FULL ARTICLE

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5 comments ↓

#1 Dave Anderson on 02.22.09 at 6:44 am

Definitely hit the nail on the head again! Everything that is coming out of D.C. these days is the exact opposite of what needs to happen to get us out of this mess. And everything their doing is going to make is far, far worse in the long run.

#2 Frank-O on 02.22.09 at 9:14 am

FTA:

“Our global creditors are now making the same mistakes made by subprime mortgage lenders. They are loaning us money that we will never be able to repay. In the process, they are enabling the largest expansion in the size of our government since the New Deal and crippling an economy already suffering from excess consumption.”

Consume and be happy, subjects.

#3 Steve Henderson on 02.23.09 at 4:46 am

Another Bullseye…and what is even sadder is that even in each of out satehouses…we have now our state elected aofficials rubbing their greedy hands together wondering how and where to spend the stimulus monies…that in reality…aint really there.
Reminds me of a circle..it & we go round and round, like on a wheel in a hamster cage…we run yet we go no where…but the president now as in times past like many of them before him…get in that plane…go off here and there to barnstorm and rally support for what HE feels we need…when in reality…we need to be left alone…to stop and pick up what pieces we as a nation can.and go on with what we have…and start over if need be…just like people do AFTER say a hurricane, tornado…or storm in life passes by…but you never hear congress or the president tell us that do ya ?

#4 CrystalF on 02.23.09 at 9:32 am

Courage to say something unpopular is quite noble, and I think Peter Schiff fits that bill once again.

#5 Spoonerite on 02.23.09 at 10:12 pm

Bullseye describes it quite well, Steve!  Everything the government is doing (as usual) is only going to make things much, much worse.

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