Obama has to borrow 1.5 Trillion by October to cover the budget items

already on the books. China is lightening up on U.S. bonds. We will have to

find another patsy to lend us the money. Or print more. Inflation has always

been the magic elixir for the govt. to avoid paying their debts; they pay

back with cheaper dollars. It looks good on paper but the lender does not

get back the value he started with; just more dollars.

The way the govt. calculates inflation is to include housing. House prices

are falling; viola, no inflation. It is all magic.

----- Original Message -----

From: "Michael Madigan" <mmadi10699@yahoo.com>

To: "ProFox Email List" <profox@leafe.com>

Sent: Tuesday, April 19, 2011 12:35 PM

Subject: Re: [OT] Americans duped on budget cuts

> We're so f*cked.

>

> --- On Tue, 4/19/11, Ken Kixmoeller (ProFox)

> <foxhelp@information-architecture.com> wrote:

>

>> From: Ken Kixmoeller (ProFox) <foxhelp@information-architecture.com>

>> Subject: Re: [OT] Americans duped on budget cuts

>> To: "ProFox Email List" <profox@leafe.com>

>> Date: Tuesday, April 19, 2011, 10:42 AM

>> On Tue, Apr 19, 2011 at 7:56 AM,

>> Nicholas Geti <ngeti@optonline.net>

>> wrote:

>> > After promising to cut 100 BILLION dollars... the

>> "cuts" for this fiscal year were

>> > a paltry 352 MILLION dollars.

>>

>> Breaking News: Politicians lie! Details at 11.

>>

[excessive quoting removed by server]

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