What the future holds for the USA-USSA

As I am made aware of this abomination called the "American Recovery & Reinvestment Act of 2009" or HR-1 or "Stimulus 2009", or any other of several monikers you may prefer, I am beginning to realize that this Congress and White House are going to take the country on a similar post-1929 journey resulting in similar outcomes. The country will move deeper and deeper into a recession that will give way to a depression with double digit unemployment, high GDP contraction, trade repercussions, all compounded by at first deflation and then hyper-inflation due to the monetization of the spending now being called "Stimulus."

The big difference with 1929-1932 is that we are doing this over the period of months instead of years. The collapse will begin with the drying up of the foreign purchase of US debt as China, Japan, and Arabia lose interest in our debt instruments. Without the ability to sell our debt, the FRS (Federal Reserve System) will have to begin eating its own debt offerings. This is similar to a dog eating its own feces-- a malady called "coprophagy" (sorry about the analogy, but its the best I could provide to show the complete lack of financial responsibility of the US Government).

 

Sooner or later the taste or our own debt will sour the appetite of even the Fed and this house of proverbial cards will come down catapulting the recession into a full-blown depression, but this time, the US Government will have used all its bullets and the US will enter the same "lost decade" that plagued the Japanese during the 1990's.

 

With the passage of this "Stimulus 2009" bill, the future of the US will be sealed as the real purpose of this spending/payback bill will become known thereby completely dissolving any trust the US population has in its government. If the depression become deep enough, it could lead to the 2nd American Revolution as the government and the governed cross swords.

 

Many don't believe it will come to this, but when people lose hope followed by the ever increasing inability to support their families, the subsequent "21st century Boston Tea Party" will occur followed by the population's physical repudiation of the government's ineffectiveness and incompetence.

 

It will not be just the Democrats that will suffer this attention, but Republicans as well since it was the Republicans that began this malaise under the inept direction of Bush-43; however, BHO and his SMDC will have to take their share of the blame as their actions, like FDR's, only served to increase the severity of Hoover's post-1929 policies.

 

Sorry to describe the future of the US, but its probably now 75/25 that the above scenario will play out over the next few years. Pass this on to your friends, family, and acquaintances. Only by knowing what will likely happen can one be prepared to survive this reality.