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Ask not what your government can do for you – there is a limit

The government has no business trying to run entitlement programs such as Obamacare – no business acumen whatsoever. Social Security is going bankrupt. As reported in 2010 in the New York Times, the program was already paying out more money than it had coming in (6 years before it was predicted to happen) with only IOUs in its so-called trust fund. Medicare Hospital Insurance Trust Fund expenditures have exceeded income annually since 2008 and are projected to continue doing so under current law in all future years. It could go bankrupt...

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Bernanke’s Quantitative Easing bolsters Obama’s failing economy

The Federal Reserve has been distorting the economy for years by propping up the failing Obama economy, creating money out of thin air at a rate of almost 3 billion dollars a day – $85B a month with Quantitative Easing to buy treasuries and other securities. During the last 12 months, over $1.02 trillion new dollars has been printed by the Fed’s Quantitative Easing to stimulate the economy – 1.9 million new jobs were created during that time equating to about $536,000 per job. Obviously the Fed has the securities but the...

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