Budget Deal A Betrayal to the Nation - Mike Swanson (12/13/2013)
The die is now cast. The United States is going bankrupt in a few years. Republican leadership sold out in order to give MORE money to defense contractors that own them - even reducing the pensions of veterans to do it and making a bipartisan deal to allow Dems to fund their social programs with more of your money.
They key though is that this is an INCREASE in government spending. So it is now impossible for the Fed to take away its QE program. Oh it can in theory do a show reduction of 5-7 million, but it will never be able to eliminate it now.
Thanks to the budget deal we will now have money printing forever - and the day of bankruptcy will not be averted. This was the last chance - and we were betrayed.
JOIN: WALLSTREETWINDOW FREE MEMBERSHIP
* Join and receive the Two Fold Formula guide to picking stocks and combine tested fundamental valuation metrics with technical analysis.
*Align yourself with the big trends of the stock market and be alerted when these trends change.
*Receive free updates when we see an investment opportunity in an emerging sector before the crowd gets in.