The Federal Government Now Needs $1.9 T To Pay Its Bill!

If you look back at the focus of my blogs you will see that my agenda has always been to keep up with what is happening in our economy and how it is affecting the foreclosure market.  Let’s face it; the Market Advisors Investment Fund depends on the foreclosure market for its continued success.  In addition, I feel our readers need to know what’s happening in that market for their own real estate investing as well, whether that be through our Fund or strictly on their own.

So, in this blog I am reporting on a January 20th Associated Press article by Andrew Taylor about our record setting deficit!  And this folks is the end result of all the Wall Street bailouts, fiat money, unprecedented government spending and “meddling” that our leaders have been doing to “fix” our economy.  All of this during a recessionary period when tax revenues have been drastically cut.  Interesting philosophy – revenues are down so let’s spend more!  The bottom line is the $1.9 Trillion dollars being asked for right now (bringing the national debt up to $14.3 Trillion!!) won’t even carry us through the year!  Here’s what the White House has to say about this record breaking increase:  the increase “is critically important to make sure that financing of federal government operations can continue without interruption and that the creditworthiness of the United States is not called into question.”

Believe me the credit worthiness of the US is already being called into question.  Some how, some way, we are just going to have to eventually “bit the bullet” and let the market take over.  Stop with the programs!  It will hurt but the only way to get rid of all of this over leveraged debt is to let the market move it through the system.  Yes, a lot of Wall Street “icons” will suffer and many will fold, along with a lot of banks, but it will force the “pig through the python” a lot faster then with all of this government manipulation.

These deficits in spending will not go away and we, the taxpayers, will have to pay for them.  So we need to stop the spiral.  It’s not a party issue – it’s a freedom issue.  How many more years of record deficit spending can we stand?  I say none – what do you think?

Paul Davis, Market Advisors, LLC