Recovery or Crash

In 2007 the US GDP totalled $14 trillion.  In 2010, the GDP was $14.6 trillion, a net increase of $600 billion.  In 2007, the US borrowed and spent $163 billion.  In 2010, the government borrowed and spent approximately $1.4 trillion, a net increase of over $1.2 trillion.  The facts obviously demonstrate that the economy is being temporarily propped up by government borrowing and spending.  This is not a real recovery; this is unsustainable government borrowing and spending as if there is no tomorrow.  Robert Wiedemer, author of Aftershock, stated, "The stimulus is unfortunately not stimulating anything. Rather, it's simply propping up a bubble economy.  This is of limited value in the short term, but it will come at great long-term costs when the government is eventually forced to stop massive money printing and borrowing due to very high inflation, the latter a result from the flood of money in the system."  As the cliche goes, pay me now or pay me later.  We can choose the approach advocated by the conservatives and tea party members in particular that involves  planned spending cuts and an approach that calls for living within our means and we will all feel the pain now and for several years before the economy fully recovers.  Or we can choose the liberal democrats' approach of a continued spending binge and eventually, we will experience run away inflation and eventual economic collapse.  So the choice is a responsible, pragmatic approach now that will be painful or a devastating collapse later that will be much more intense and painful than anything we've ever seen.  All the rhetoric and demagoguery of the liberal democrats will not change the ultimate outcome of their policies.  But their political propaganda war may accomplish an ultimate victory whereby conservatives are elected and begin the painful process of repairing the damaged economy and the liberals then scream, "See, we told you so!"  The impatient public with little understanding of economic issues and little tolerance for delayed gratification will then turn on the conservative leaders, chaos and violence will prevail, and a socialist leader like an Obama will rise to rule the new Socialist America.  And with the economic collapse will also come a collapse of our freedom.  It is because of the possibility that this bleak scenario could become our reality that we all have an obligation to stand up and speak out and convince as many people as possible of the truth.  The time for truth and courage has never been closer than now.