Anthony Stewart Dias

Events, Reflections, Ideas, Dreams & Aspirations

Friday, February 05, 2010

Double Dip Recession

well, we are supposed to be coming out of a recession right? but the government just approved 1.9 TRILLION in MORE DEBT.

That means that every American man, woman and child will OWE $40,000 in Government debt!

That kind of news worries a lot of people.

Not only that, but a bunch of countries like Spain, Greece and Portugal are on the verge of defaulting on all of their debt... kinda like Iceland already did.

Anyway, the latest unemployment numbers will be released later today (Friday) and if the news there is bad, that just adds to the problems.

Not to mention the second wave of foreclosures that is looming.

So, basically, the recession that people hope and pray is over, may actually get worse than before.

What's worse is that most politician's have this crazy belief that in order to get out of a recession, we have to spend MORE money!

Now, I realize that sometimes, an entity has to borrow money to invest it in growth but we have already borrowed over 12.3 TRILLION DOLLARS YOU IDIOT MORON REPUBLICANS AND DEMOCRATS ALL OF YOU.

Dang, I sound like a fat radio show host... except that I blame both parties, not just the Dems like Brush LImpjaw and not just the Repubs like KPFA, lol

So, how are we gonna pay for all this debt? Heavy taxes or inflation, or more likely both. So, our money is gonna be worth LESS and our Taxes are gonna be higher meaning that overall, we will get poorer.

But, let's say that I'm being overly pessimistic... Let's say that we manage to get ourselves out of this whole and at the same time not get overburdened with tax and inflation...

Well, God help us if there is another economic bubble because I really think the next one will be the bubble to end all bubbles!

I better go to sleep man, now you know what I mean?