The Phantom Recovery

[Cold Highway]

The swelling ranks of the government payroll, and the shrinking number of private taxpayers footing the bill, will guarantee larger deficits and a weaker economy for years to come. In addition, the artificial spending has prevented a much--needed restructuring from taking place, leaving our economy far less efficient than before the crisis began. In other words, we have dug ourselves into a much deeper hole while failing utterly to build any means to climb out.

One reason that we have thus far been spared the full wrath of Washington's poor decisions is that we are still benefiting from problems abroad, particularly in the eurozone. As sovereign debt issues have temporarily caused a flight to the dollar, our economy has benefited from lower interest rates and restrained consumer prices.

Its going to be one huge wake up call when it comes time to pay the piper.

Campaign For Liberty — The Phantom Recovery   | by Peter Schiff

 

[VanceMack]

Come on...there were 441 thousand jobs created last quarter. OK...so 400 thousand were temperary government census workers that produced nothing and just cost the taxpayers more money and will go away again soon...but...still lwe are on the road to recovery now, boy!