Obama Derangement Syndrome continues unabated
Obama hammered on Bush during his campaign for "fiscal irresponsibility" and made reference to the deficit racked up during the Bush years: "the biggest deficit ever". Of course, Obama was being disingenuous with that statement, as inflation makes nearly every years deficit bigger than the one before. Deficit as a share of GDP is a much more reliable figure; but its a figure that wouldn't have allowed blame to be heaped at Bush's feet. Obama does this stuff all the time, its hardly shocking, I know.
What is shocking is the bald hypocrisy of Obama blaming Bush for everything wrong with the world and then ratcheting our debt up to levels that are unparalleled by any standard. Here we have the most important graphic of the new administration:
How long can Obama go on blaming Bush for everything when he is increasing our debt fourfold in one year? And that's just by government estimates.
The lesson to take away from this is: GO INTO DEBT NOW. I don't say that as a joke. Deliberate inflation of the currency is already underway. Your money will not be as valuable, and it could be as little as half as valuable in one years time. If the bank lends you money, its the banks money thats less valuable. Meanwhile, your pay will have to be increased, and the loan will be easier to pay off post-inflation. Buy a house, buy a car, whatever you need to do to put yourself deep into debt. You'll thank me later.