There can be no doubt that over the course of the last three decades this country has been lead by a cadre of buffoons and imbeciles, who’s stupidity, selfishness and incompetence reaches epic scales. How else can one describe the current state of affairs in the United States. From the the White House to the halls of Congress a collection and neanderthals our worse enemies could not have imaged. Here we are in the 234th year of the Republic and we are faced with the near certainty of a self inflicted mortal wound and a “Constitution” powerless to prevent it.
In 1970, the US National Debt was $382 billion ($682 billion in 2008 dollars), in 10 years that figure had reached $914 billion (an tripling of the debt to be sure, but still manageable). Last year (2008) the national public debt was over $9 trillion, a ghastly almost insurmountable figure. Yet our political leaders continued to spend as if money was water and of course having no consequence. This year, the latest and perhaps greatest buffoon ever to inhabit the White House has sought to out due his predecessors on an unprecidented scale along with the equally dupliciotous US Congress. Our national debt for 2009 is nearly $13 trillion (90% of GDP). That’s right. Since last year the US public debt has increased by FOUR TRILLION DOLLARS. Far surpassing any previous year to year increase by nearly five fold and within the next four years our debt is expected to rise to nearly $20 trillion dollars, greater than our total GDP.
Anyone who has ever studied finance, written a check book or had a job can certainly confirm that when your total debt exceeds your debt by such proportions bankruptcy is inevitable. This of course does not even include efforts by His Majesty, Barack I to assume control over the nation’s health care, increase taxation on small business and an assortment of new government programs surely to hasten financial ruin. Perhaps we are all fools as we continue to elect these people, who show no concern for fiscal responsibility, caring only for their own political longevity, while ignoring the immediate consequences.
The most obvious consequence is financial Armageddon. Its only a matter of time before this country is no longer in a position to borrow, with drastic inflation on a scale not unlike Zimbabwe, massive tax increases and shortages. We have already begun to see the signs of such impending disaster. We have several government entitlement programs, particularly Social Security and Medicare with ever increasing fixed costs and no financial reserve and what do our esteemed political leaders choose to do? Fix Social Security? Restore solvency to the Medicare system? No create a new entitlement that could add trillions more to the national debt.
As any financial planner will tell you, debt makes you weak and destroys your independence and our leaders in Washington are doing just that. China, the largest holder of US Treasuries, has made it clear they will not continue to buy government securities indefinitely, and even if they were to do so, our position vis-a-vis China and extremely detrimental. Pray we never enter in to any sort of conflict with the Middle Kingdom as the PRC could easily conquer this nation without firing a single shot. The trillions we have borrowed from the Chinese ensures their ability to strike a death blow to the US economy in an instant and we would be powerless to act.
We needed approach the flagarant violations of teh Constitution which occur regualrlty in Washiungton, the increasing usurpations of federal authority, the diminished role of teh states, the eroding of self government and self determination, the destruction of personal liberity and our increasing subservience to the state. The debt situation alone will cripple us and naturally none of our leaders care and why do you suppose they don’t care, because so many ignorant Americans couldn’t care less. The same ignorant Americans who crowned Senator Government as His Majesty, Barack I.
And what have we got for all this new spending, surely our economy must be on a fast track recovery rivaling the economic boom times of the 1980s and late 1990s? No not even close. Our unemployment continues to rise and our statist leaders opt to spend hundreds of billions more on misguided “infrastructure” projects as if this is 1930s America and such projects didn’t even work then.
His Majesty assured his these stimulus programs will resurrect our economy, but perhaps if the electorate had elected someone who actually had a private sector job or had ever created one then perhaps he would know renovating bathrooms in national parks and distributing condoms to school children does not a job creation program make….Over 70% of all jobs held in America are with small businesses. The very same businesses His Majesty seeks to further tax to fiance his socialist Utopia. Not one single item in the trillions of dollars in spending since the first of the year has been designed to cultivate an atmosphere favorable to job creation. Indeed, the government needn’t have spent a single dime to create an atmosphere that would enable small businesses to hire and expand.
We are a nation on a collision course with disaster and collision hastedned by the election of a celebrity obsessed, inarticulate, weak minded, fascist regime, whos only interest lay in furthering their own power. It is unfathomable that with each successive presidential election this country manages to elect someone even more unqualified for the position than the previous…surely we are not that stupid, but the evidence certainly speaks for itself.
Links:
http://www.washingtonpost.com/wp-dyn/content/article/2009/12/20/AR2009122002431.html
http://www.pittsburghlive.com/x/pittsburghtrib/opinion/s_658499.html
http://www.msnbc.msn.com/id/34420565/ns/business-personal_finance/
