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In February, Obama signed an executive order to create the National Commission on Fiscal Responsibility and reform, with proposed recommendations designed to balance the budget excluding interest payments on the debt by 2015. By signing this order, Obama has created a new definition of a balanced budget, as to not include interest payments. NIA believes this order serves as an admission that it will be impossible for the U.S. to ever have a real balanced budget again.
With no hope for our debt to ever be paid back or our budget to ever be balanced again the question becomes, “what policy will the government implement to prepare for the coming crisis and what policies will be implemented once hyper-inflation arrives.”
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