Nearly two years ago, a top rating agency warned that America could be in danger of losing its Triple A rating. Huge deficits, exploding debt, a devalued Dollar, and skyrocketing healthcare and Social Security costs were hastening the day of reckoning. Now, after the Collapse of ‘08, more signs are emerging to suggest that Americans are losing confidence in the government’s ability to restore financial order. First, prices have risen on credit default insurance on US Government bonds. Second, China is growing increasingly worried about the value of the US Dollar. The warning bells are going off. Perpetually unbalanced budgets, over $11 trillion of national debt, unlimited printing of trillions of dollars out of thin air, and insatiable borrowing from the Chinese are imperiling our nation’s financial existence.
Rand will not tolerate out of control spending and further devaluation of the US Dollar. He will demand balanced budgets. He will demand that we begin paying down national debt. He will demand transparency at the Federal Reserve in order to save the Dollar. Rand will fight to restore fiscal sanity before it’s too late.
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