It's All Just One Big Lie

clipped from prudentbear.com The United States has already reached the point where it is arithmetically impossible for it to pay its debts or keep its promises, unless it devalues its currency to the point where it impoverishes its citizens and creates international financial chaos. And even devaluation as a means of ending the country's budget nightmare will be difficult, given that so many government programs have cost-of-living escalators, making inflation a “No Exit” horror story. This is not subjective opinion, but rather objective, arithmetic fact, now supported even by government agencies themselves, such as the CBO. As John Williams of shadowstats.com has observed, even if personal incomes were taxed at 100%, the United States still could not pay its bills. Astonishingly, given this fiscal context, the government now proposes to effectively nationalize the nation's health-care industry, with projected additional losses of $1,000,000,000,000.00

This is a RTWT.