So both houses approved the "stimulus" (though it's almost anything but) bill. This is NOT A GOOD THING.

For a bit of information to those who might not know, the way the United States has been funding itself and itsHORRIFICALLY unbalanced budget, it has been selling bonds to foreign investors (mostly other nations). This is where the "national debt" thing comes from among other things.

With the international economy in the shape it is, fewer nations are buying up fewer bonds that the US is issuing to pay for its gross over spending. What does this mean? It means that the US gov't is spending money it doesn't have (an issue, but not out of the ordinary unfortunately) and CAN'T GET (and this is where more issues and several very bad possibilities emerge).

Already, the US Treasury is selling bonds to the Federal Reserve Bank in order to make ends meet-sort of like loaning yourself money (ask me and I'll see if I can find the link to this new story again). That's a bad idea if I've ever heard/seen one.

On top of all this, the gov't seems oblivious to the fact that those that have bonds can cash them in-something that if enough are, the US can't afford to pay them off. If the bonds are cashed, the only alternative will be to jack up tax rates. I'm estimating that in this event, the entire population of the US will see a 60%-90% overall tax rate. With a rate that high, the economy will be further crippled as even those that COULD pay mortgage and car payments, are forced into bankruptcy and foreclosure due to a lack of money to pay for things that they COULD and SHOULD be able to afford due to their income bracket. Countless tax paying citizens will be homeless and without a means of getting to work-we're already starting to see a snowballing effect here I hope.

For this next part, I hope I'm just being paranoid but hear it out.

With unemployment hitting levels as high as 30%-40%, the US could be looking at a civil war against the very gov't that put it into that predicament. Social order will fall as it becomes the rich/haves vs the poor/have nots. To make matters worse, with so much of the US military deployed, even martial law would be useless (since no one would be around to enact/enforce it). Entire major cities would be left in ash and ruin.

The gov't spending of money like a drunkard at a bar after winning the lotto is going to cause countless issues and problems for the US.

All in all-I see little to look forward to for the economy now.

And WTF is with Obama's "I won the election, agree and support my policies!" rhetoric? He's the freaking president-not the dictator, king, or what have you. He's trying to rush SHIT BILLS through before the American people know WTF is up with them. "Do not let perfection stand in the way of progress." It's a bad idea and a LARGE number of economist have been shouting that since the first round of bailouts failed.

While on the topic of bailouts (again)-I might be misinformed, but I don't see/hear of anyother country still throwing money all over the place in bail outs anymore. Why? THEY DO NOT FUCKING WORK!!!

I'm though venting on this and all the issues I see with it. Any comments, concerns, questions?

*NOTE-Flames responses WILL BE DELETED. I may live in a democracy (for now) but this is MY news post and I have dictatorial control over it.*