View Full Version : Letter: We'll all be broke by time it's over (Pro-Ron Paul letter)

02-13-2009, 07:36 AM
We'll all be broke by time it's over

Daily Record
February 13, 2009

Ron Paul is making more sense than ever. He said we have to blame both parties and presidents of the last several decades for this huge government. The Republicans are blaming the Democrats for spending when they have been spending for the last eight years. The $10 trillion national debt will have increased by $2 trillion within a year when this stimulus bill becomes law. That's a 20 percent increase in the total debt in one year.

Watch companies start moving overseas to avoid paying for this spending with future tax dollars. That is not what the bill is intended to stimulate, but that's exactly what it will stimulate.

We are rapidly reaching the point where the interest on our debt will eat up all of our annual tax revenue. Then our credit rating falls. Foreign investors stop buying our bonds. Confidence in our currency falls. At that point we become insolvent. While the politicians scare us with talk of a looming catastrophe if we don't pass it, this bill brings us closer to that catastrophe.




02-14-2009, 10:39 AM
Some of us were broke after it started.

Thanks. Glad you're speaking out! Nice.