Follow The Bottom Violation
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Mar
30
$18.6 Trillion U.S. Fiscal Deficit by 2020
Yeah. I said deficit. Not debt.
According to the Obama Administration, the U.S. deficit will reach $18.6 trillion by 2020. Now let me ask you this: when has an administrattion ever underestimated a deficit?
And to move things even further into the red, let’s talk about U.S. debt. What do you think is going to happen when all these obligations finally come due? Do you think we’re just going to whip out a credit card and transfer the balance at a “special introductory rate?” I don’t think the Chinese are offering that sort of incentive. In fact, I think they’re laughing as they devise their usury. Oh, and by the way, Obama, as you’re trying to complete your image as the next FDR, remember this: fighting Chinese is not going to be the same thing as fighting Germans and Japanese:
1. There are over 1 billion Chinese who would like nothing better than the re-visit the Korean conflict. You can pull out all the technologically advanced weaponry you like. Then start counting to 1 billion. Let me know how that goes.
2. The Chinese don’t have any debt. The United States does.
3. Nukes? I don’t think so.
4. Texas won’t stick around. Neither will Alaska, California, Florida, Canada, or Mexico.
5. The U.S. is fighting two unwinnable wars of aggression already. Stupid. Fatuous.
6. Chinese are used to being poor. U.S. consumers are used to being union-card-carrying spoiled brats.
Can someone please tell me what confluence of conditions has brought so much stupidity together with so much hubris in the United States? We deserve everything that’s about to happen to us. Hell, even I’m not safe, and I’m short the United States in every meaningful way possible. I’m sure I’ll be the first against the wall — labeled a traitor and a heretic.
After all, isn’t that how the statists and propagandists work?
Paco Ahlgren
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Disclosures: Paco is long TBT, UCO, and gold. He also holds U.S. dollars by necessity, pending the advent of private gold-backed currencies.
You can buy his novel Discipline wherever books are sold.
8 Comments so far
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[youtube LADTERzgGis http://www.youtube.com/watch?v=LADTERzgGis youtube]
[...] This post was mentioned on Twitter by Paco Ahlgren. Paco Ahlgren said: $18.6 #Trillion #U.S. #Fiscal #Deficit by 2020 http://bit.ly/us-deficit [...]
yeah, you're probably going to see a firing squad and some point. too bad.
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Very simple message to the current administration. Hauling individuals to Washington DC, because you are not satisfied with the way they respond to your crappy legislation is inane, misguided and an abuse of power. You are an enemy to our Constitution Republic and operating in much the same way the communists did in Vietnam. I know you will not change. Americans may soon vote with their feet. Mark my words, an exodus from this country is coming, the likes of which you have never seen
[youtube LADTERzgGis http://www.youtube.com/watch?v=LADTERzgGis youtube]