Political Magicians Turn $700 Billion into $7.4 Trillion
November 24, 2008
If this doesn’t make you mad, then nothing will. Of course, most people, under educated as they are, think that the government is this other entity and that their money comes from somewhere else. Not from you and me. Actually, they way politicians are spending us into the ground and printing money like there is no tomorrow or selling our debt to the Chinese, that would be the factual. But in truth, who will pay when the bill comes due? Problem is, when government spends money, they don’t actually walk up to you that day and ask for it. So there is not a cause and effect reality check for most people. Because they don’t “see” the money getting taken from their pockets when politicians spend it, many people don’t realize just how expensive our government has become.
Anyway, Glenn Beck predicted when government proposed the $700 billion bailout, in gov-speak, he said it would end up actually being $2 trillion. They always under-estimate to sell it to the public. And so they have. Now the $2 trillion has turned into $7.4 trillion. Read the article here at Glenn’s website.
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