The average citizen has no realization as to the rate at which these spendthrifts are destroying the financial stability of the United States.

What will you do when serious inflation, then hyperinflation sets upon us while fewer jobs are available to dig ourselves out of this nightmare? Higher interest rates will be forced upon us for long term borrowing which will effect the housing market even more so, causing even more foreclosures and the loss of more jobs.

I thought I’d supply a current article written by Martin Weiss the founder and owner of Weiss Financial Research, one of the most respected financial research firms in the U.S. You can subscribe to this free newsletter in order to keep one on top of this unfolding nightmare. Note: I have no financial interest in this company other than having been a subscriber to one of their paid subscription newsletters over the years.

The following is a list of a single weeks worth of “borrowing” on the part of our spendthrift reps. This is classic case of “crimpols gone wild”… / : |

Extract from link article…

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Unprecedented borrowing: In just one week last month (ending 2/26), the U.S. Treasury issued …

* $32 billion in 7-year Treasury notes,

* $42 billion in 5-year notes,

* $44 billion in 2-year notes,

* $8 billion in 30-year TIPS bonds,

* $26 billion of 3-month bills,

* $28 billion of 6-month bills,

* $31 billion of 4-week bills, and

* $25 billion of cash management bills.

Grand total: $236 billion in government debt issued in a single week, the most in the history of the world.

This means that Uncle Sam borrowed new money — and replaced old debt — at the rate of $390,212 per second … $23.4 million per minute … and $1.4 billion per hour — around the clock!

It is a pace of debt issuance that simply cannot be sustained without disastrous consequences. …

Extract from “Money and Markets” a free Weiss Research newsletter

http://www.moneyandmarkets.com/the-great-credit-squeeze-38303

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I urge folks to call their Congressional District reps offices and not only say no, but hell no to this 2700+ page nightmare, euphemistically called a health care “reform” bill…NOT!

I’m supplying a link so folks can obtain the numbers of their reps offices. As they say just do it! The best threat right now is that you will vote to kick your incumbent to the curb this November if they vote “yea” for this corporatist friendly nightmare called health care reform.

http://www.conservativeusa.org/mega-cong.htm

Carl Nemo **==