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Friday, January 11, 2008

The law of sowing and reaping

I've written many times about the multi-trillion dollar unfunded liabilities of Social Security and Medicare. These two programs will sink the American Experiment within thirty years, if not sooner. There is not enough money to pay for two programs that currently require between $70,000,000,000,000 to $80,000,000,000,000 to meet those obligations for us Boomers. And the Financial Times reports (free registration required) that Moody's is warning that , based on welfare, Social Security and Medicare payments , the ability of the U.S. to keep exporting it's financial problems will also fail in a decade unless Congress takes real serious action-now! Right now. Junk bond status for Treasury bonds. OW! And that report dovetails with the projections that if major revisions of Social Security/Medicare are not accomplished in the next decade, the entire SS/Medicare system will be in free fall and the probable disaster becomes a certainty.
And when foreigners have no faith that their dollar instruments will hold value, they'll dump them for Euros or gold...just like is happening now. And the Congress and the President can no longer export our debt (Ron Paul has a excellent point when he talks about fiscal and currency issues)
There is a Biblical principle that like yields and produces its own (Genesis 1: 12,21,24). That what is sown is reaped. And so, with the predominance of the left for the last ninety years coupled with the dumbing down of the electorate, we are about to see what is harvested when the wind is sown.
Hang on!


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