Marxist President mortgages grandchildren 'The Fed Is Starting To Prepare For A Future PR Nightmare'
Because he is too stubborn to admit his philosophy is wrong.
Say he hasn't mortgaged them to buy today? The Fed acknowledges $3T in bond purchases to keep interest rates artificially low and to bail out stocks. There are two possibilities for an end game:
(1) The Fed tries to unwind the positions selling bonds, likely result is huge losses and interest rates spiking.
(2) The Fed simply holds the bods and collects interest, but there is a redemption date at some point. some future taxpayer has to pay for those bonds.
Smart money says the Fed has printed yet another $3T which is being hoarded due to bad policy creating uncertainty. If that money hits we will have inflation. If the Fed simply quits buying bonds will likely decrease in value and interest rates skyrocket.
Obama has the fiscal needle in the arm of America and he is counting on playing golf in Hawaii when the bill comes due. He will be as well loved as El Duce in time.