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Posted March 21, 2009
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somewhere, Texas
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This iReport is part of an assignment:
G-20 Summit |
The Government pumped $1 trillion into the system in one day by buying debt from OUR Treasury.
The U.S. Government has pumped 1,000,000,000,000 into the system in one day. How? The government has bought debt from the treasury. This means we will borrow money from ourselves to pay ourselves for programs we can't afford.
Why? This was their last ditch effort to save the U.S. economy after forcing interest rates so low. The price of gold went up within hours after this announcement.
Why? The dollar has deflated back the 1970's .
This news should be not be swept under the carpet. This just doesn't seem to be right.
Was this the right thing to do?
What would have been the right thing to do?
What would you have been willing to sacrifice if we didn't do this? depression?
What options did we have?
- TAGS:
- government,
- dollar,
- states,
- recession,
- obama,
- united,
- depression,
- barack,
- socialism
- GROUPS:
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