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<p>[QUOTE="dave92029, post: 1117113, member: 26916"]Guess you don't understand the Devil icon and sarcasm. If you read everything that I wrote rather than just the last two words you might have understood that I feel this is a problem. The price of gold and silver are simply indicators. </p><p><br /></p><p>Congress passes an $858 Billion tax reduction bill in December, and then in February they threaten to stop paying the Gov't bills if their $61 billion spending cuts are not passed. Duh ! The Congress is so out of touch that it is very scary. </p><p><br /></p><p>Congress takes a Big reduction to income and then they come up with a spending offset of less than 10% that will reduce jobs by 700,000...more income reductions. There are implications to their actions beyond simply cutting spending.</p><p><br /></p><p>Congress with all their grand speeches has done nothing to balance the Total Federal Budget. </p><p><br /></p><p>The Federal Reserve and their QE, which is a bad thing, is the only thing keeping the US financial system from a complete collapse. Yes, I say Thank You Federal Reserve, not because I like what the Fed HAS to do, but at least The Fed understands how big a financial hole Congress is digging the Nation into! </p><p><br /></p><p>The Fed is trying to buy us time, hoping that Congress wakes up before time runs out.[/QUOTE]</p><p><br /></p>
[QUOTE="dave92029, post: 1117113, member: 26916"]Guess you don't understand the Devil icon and sarcasm. If you read everything that I wrote rather than just the last two words you might have understood that I feel this is a problem. The price of gold and silver are simply indicators. Congress passes an $858 Billion tax reduction bill in December, and then in February they threaten to stop paying the Gov't bills if their $61 billion spending cuts are not passed. Duh ! The Congress is so out of touch that it is very scary. Congress takes a Big reduction to income and then they come up with a spending offset of less than 10% that will reduce jobs by 700,000...more income reductions. There are implications to their actions beyond simply cutting spending. Congress with all their grand speeches has done nothing to balance the Total Federal Budget. The Federal Reserve and their QE, which is a bad thing, is the only thing keeping the US financial system from a complete collapse. Yes, I say Thank You Federal Reserve, not because I like what the Fed HAS to do, but at least The Fed understands how big a financial hole Congress is digging the Nation into! The Fed is trying to buy us time, hoping that Congress wakes up before time runs out.[/QUOTE]
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