[Paslode]

Something interesting from Romney's 47% discussing the other day....

Audience member: The debates are gonna be coming, and I hope at the right moment you can turn to President Obama, look at the American people, and say, "If you vote to reelect President Obama, you're voting to bankrupt the United States." I hope you keep that in your quiver because that's what gonna happen. And I think it's going to be very effective. Just wanted to give you that.

Romney: Yeah, it's interesting…the former head of Goldman Sachs, John Whitehead, was also the former head of the New York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that we're issuing—which they've been doing, the Fed's buying like three-quarters of the debt that America issues. He said, once that's over, he said we're going to have a failed Treasury auction, interest rates are going to have to go up. We're living in this borrowed fantasy world, where the government keeps on borrowing money. You know, we borrow this extra trillion a year, we wonder who's loaning us the trillion? The Chinese aren't loaning us anymore. The Russians aren't loaning it to us anymore. So who's giving us the trillion? And the answer is we're just making it up. The Federal Reserve is just taking it and saying, "Here, we're giving it.' It's just made up money, and this does not augur well for our economic future.

You know, some of these things are complex enough it's not easy for people to understand, but your point of saying, bankruptcy usually concentrates the mind.

http://www.zerohedge.com/news/what-m...limpse-endgame


In the full transcript HERE.

Romney goes on to discuss:

I did the calculation for folks today, and USA Today publishes this every year. It's a front-page story: the headline once a year, it somehow escapes people's attention, and that is, if you take the total national debt and the unfunded liabilities of Medicare, Social Security, and Medicaid, the amount of debt plus unfunded liabilities per household in America is $520,000. Per household.

Audience member: It's like 12 times their income, right?

Romney: At least. 10, 12 times their income. Even though we're not going to be writing the check for that amount per household, they're going to be paying the interest on that. You'll be paying the interest on that. [Audience laughs.]

So is a vote for Obama actually a vote to bankrupt the United States? Sounds to me like Romney already knows that die has been cast.