Tuesday, February 15, 2011

BOMB (Barack Obama's Massive Budget)

Mr. Obama‘s budget projects that 2011 will see the biggest one-year debt jump in history, or nearly $2 trillion, to reach $15.476 trillion by Sept. 30, the end of the fiscal year. That would be 102.6 percent of GDP — the first time since World War II that dubious figure has been reached.

South Carolina lawmaker wants separate currency for state
A South Carolina state politician wants the state to develop its own gold and silver-based currency in case the
Federal Reserve collapses and hyper-inflation ensues.
"If folks lose faith in the dollar, we need to have some kind of backup," State Sen. Lee Bright
told the Spartanburg Herald Journal's Stephen Largen. His bill asks a committee to look into the development of a state currency, citing the Constitution and Supreme Court precedents to prove the bill's legality.
More here at Yahoo news

1 comment:

Jan n Jer said...

Hey did you know Obamba paid a visit to my old alma mater...Parkville middle school. Its just down the street from my Moms/Barb n Petes house. Its getting scary about the deficit we are in. BTW...I am going to start saving my nickels!!!