Christina Romer's Report Threatens a Sovereign Debt Default by the U.S. if Obama's Fascist Health Bill Isn't Passed

June 9, 2009 (LPAC) — The release of the Obama health plan last Tuesday by CEA chief Christina Romer in her report "The Economic Case for Health Care Reform," which confirmed LaRouche's warning that the bill would be a replica of Adolf Hitler's "useless eaters" genocide plan, includes the incredible claim that, unless the killer plan were implemented, then the U.S. would soon be forced to declare a default on its sovereign debt. In a section titled "Slower Cost Growth Would Prevent Disastrous Budgetary Consequences and Raise National Savings," the report states:

"Rising deficits lower national saving, raise interest rates, and crowd out investment. And, deficits are only a stop gap; eventually we would have to choose among tax increases, spending cuts, and repudiation of our debt through high inflation or outright default. This section considers the impact of successful cost growth containment working though the fact that it would allow us to have lower deficits."