[turbo6bar]

" With Asian central banks pulling back on their purchases, the Fed may have no choice but to start monetizing our debt. The government deficit will be over $500 billion this year and the trade deficit is tracking at an annual rate of $575 billion. Where will all of this money come from? If the government tries to get it from taxes, there will be a tax revolt in this country the likes we have not seen since the founding of this country. Taxes are going to go up no matter who is elected president. Kerry will raise tax rates the most, which will be the final death knell on the economy. Regardless of what tax rates our leaders impose, they won’t be high enough to cover the government’s voracious appetite for spending. (Each candidate is proposing massive new spending programs.) Taxes will not be able to cover the government’s bill. Government simply spends more than it takes in. So what they don’t take in taxes will be made up by printing more money. This will further accelerate inflation."

Also, the article claims inflation is much worse than currently stated, since the index is based on rent equivalents instead of actual costs. Commercial and residential rent has been stagnate for several years. The real inflation rate may be closer to 8-10%.

Perhaps Kerry shouldn't win this election. If he does, he'll be walking into a big *****storm of economic heck. I only found one 'dig' at Kerry regarding spending polices, quoted above. This is beyond Democrat vs. Republican.