Slippery slope there RJ! New laws are not good! And what if after a month you are not working, someone will pay! Th Imperial Federal Government will make sure of that!
You know I was just reading this:
Lipsky Says Debt Challenges Face Advanced Economies (Update1)
March 21 (Bloomberg) -- Advanced economies face “acute” challenges in tackling high public debt, and unwinding existing stimulus measures will not come close to bringing deficits back to prudent levels, said John Lipsky, first deputy managing director of the International Monetary Fund.
All G7 countries, except Canada and Germany, will have debt-to-GDP ratios close to or exceeding 100 percent by 2014, Lipsky said in a speech today at the China Development Forum in Beijing. Already this year, the average ratio in advanced economies is expected to reach the levels seen in 1950, after World War II, he said. The government debt ratio in some emerging market nations had also reached a “worrisome level.”
“This surge in government debt is occurring at a time when pressure from rising health and pension spending is building up,” Lipsky said. Stimulus measures account for about one-tenth of the projected debt increase, and rolling them back won’t be enough to bring deficits and debt ratios back to prudent levels.
Rising public debt could lead governments to seek to eliminate it through inflation or even default if they fail to carry out fiscal measures in time, Mohamed A. El-Erian, co-chief investment officer at Pacific Investment Management Co. warned earlier this month. Nassim Nicholas Taleb, author of “The Black Swan,” a book arguing that unforeseen events can roil markets, said March 12 he is concerned about hyperinflation as governments around the world take on more debt and print money. ...
HOW CAN WE AFFORD THIS HEALTH CARE BILL WITH ALL THIS PUBLIC DEBT?
In the past I have been kinda a middle ground voter, another words I have voted for some Dems as well as Reps.
After yesterday, I will NEVER vote for another Demonrat EVER AGAIN!
Stupack lied his ass off, even on camera last night after the vote. He was bribed with the airports for his district, and best part, looked drunk on the floor last night. He sold his soul and the nation down the river.
Pelosi and crew will have to legalize their supporters (and dig out more votes from the cemeteries) to keep them in office come November.
I'm glad that didn't have my blood pressure taken last night. It would have been through the roof!
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