kidmercury

From the National Inflation Association (that sounds like a very fancy and official organization, although I'm not exactly sure what it is....might not be much more than a dude in his apartment):

NIA believes the healthcare bill will be the final nail in the coffin of the U.S. economy and will just about guarantee that we will see hyperinflation by the year 2015.

The U.S. government last week reported a record monthly budget deficit for February 2010 of $220.9 billion. Total tax receipts for the month were only $107.5 billion compared to outlays of $328.4 billion. The total U.S. deficit for the first five months of fiscal year 2010 was $651.6 billion, with tax receipts of $800.5 billion and outlays of $1.45 trillion. The deficit was up 10.5% for the first five months of fiscal year 2010 over the same period in fiscal year 2009.

We are now at a point where if the U.S. government taxed Americans 100% of their income, the tax receipts generated would not be enough to balance the budget. Likewise, if the U.S. government cut 100% of its spending including defense, but kept paying Social Security, Medicare and Medicaid, we would still have a budget deficit. NIA believes it will be impossible for the U.S. to have a balanced budget ever again.

It will be so obvious in hindsight what a disaster Obamacare is. The idea that this kind of rampant government spending done by a totally criminal government -- only criminals of the worst kind going around killing people to build empires -- can actually be okay, and that society won't have to pay for it big time, is naive to an unthinkable proportion. Not to mention the idea that it's cool to have a bunch of mass murderers (i.e. government and its imperial war agenda) responsible for your healthcare....lol, wtf.

For another great piece of economic doom and gloom, check out this article on debt saturation by Jesse. Jesse is great, one of my favorite market commentators.