Why Congress Blocking the Debt Ceiling Increase Will Launch an Economic Boom The Market Oracle

26.08.11

, Will result in over $10 trillion in savings in the next 10 years not just S&P’s $4 Trillion out of $10 Trillion to avoid a ratings downgrade . This article also beseeches the House to couple the spending cut and cap with an elimination of the regulatory shackles to allow all sectors of private enterprise to thrive again.

Anyone reading this article will have an experience of coming out of a protracted amnesia. They will awaken abruptly to a clear perception of exactly what capital is and why the electorate and Congress should have no fear to rein in and cap government spending back to tax receipts.

The cost of the cuts to a balanced budget:

By eliminating counter-productive bureaucracies and subsidized businesses, now competing with private sector business, 1 million people may be let off their toil. Assuming the cost for putting them on the dole for one year is $80,000 per person, i.e., $80 billion per year, $120 billion per month, now being sucked into the Treasury’s Black Hole , (video link) would be redirected into the private sector.

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