Taxes and Treasuries

How are we going to replace the taxes lost by the big drop in gas prices? We have lost around 75% of the tax income that was being generated by federal, state and local taxes imposed on fuel. Are we going to see a new tax soon? Maybe a carbon tax or maybe a federal sales tax. Our government (I say our) the government must increase taxes somewhere to charge us with the bill for TARP and the new stimulus coming. That money is not free; the federal government does not have products to sell so it MUST pass the bill on to you and me. Where are you going to get the money to pay your share. The new stimulus will cost us enough to pay off 90% of our mortgages. Yet you will not get that much but you will have to pay it back.

OPEC- can no longer afford to buy our debt through treasury note purchases and other debt based government securities. Most of the construction in Dubai has stopped as well. Now the federal reserve which is a privately held banking cartel of sorts has announced that it may start buying Treasury Notes. That is funny to me; as they created, out of thin air mind you, the money that is loaned out that the T-notes are backing. If it seems like a vicious circle; it is, and it will come crashing down on us in the form of devalued currency and probably taxes.

Dose this bother you?