Sunday, February 1, 2009

Glenn Beck slideshow charts the rise in US Government Debt and printing of money


This Fox News slideshow charts the horrific rise in US government debt from 1929-2009. It is a shocker. The once mighty dollar has become a devalued currency as the Fed prints more and more money to feed a voracious government machine. It is time for massive government expenditure cuts not increased expenditure. The US government-like some European governments- is sucking the lifeblood out of the economy. A stimulus package may provide some temporary respite but will eventually run out of steam if the fundamentals are not sound.

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