No man’s life, liberty, or property are safe while the legislature is in session.
— Mark Twain
The Obama peeps are actually trying to celebrate the one year anniversary of the $862 billion “drive us into perpetual debt” bill. Biden repeatedly told an audience in Saginaw, MI -unemployment 14% – that the “stimulus” is working.
Thanks, Joe! Hey, maybe that’s the next great achievement of The One. Back in the real world people are finally starting to notice that all this debt we’re racking up could lead to inflation, kill your savings and wages, and make it harder for you and businesses to borrow money.
Over the past year alone, the amount the U.S. government owes its lenders has grown to more than half the country’s entire economic output, or gross domestic product.
Even more alarming, experts say, is that those figures will climb to an unprecedented 200 percent of GDP by 2038 without a dramatic shift in course.
“Within 12 years&the largest item in the federal budget will be interest payments on the national debt,” said former U.S. Comptroller General David Walker. “[They are] payments for which we get nothing.”
There’s no getting around the fact that eventually we have to pay this back and the interest payments are killing us.
“I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt.”
— Thomas Jefferson, 1743-1826
Okay, debt can be bad, but look at all the good the “stimulus” has done! It’s kept states from cutting their budgets and throwing teachers, firemen and policemen out of work. Does anyone really believe states would have decided THAT was the answer? There are other ways to cut state budgets. We are simply delaying the inevitable and not fixing the problem of outrageous spending. State spending went nuts in the boom years and they need to right their ships now.
We’re also learning more about where the “stimulus” money went.
More than $3.5 billion in economic stimulus funds are going to programs that President Obama wants to eliminate or trim in his new budget.
But wait, there’s more:
“We’ve gone through records that said they spent money on lion and tiger dens at the National Zoo in D.C., stopped modified funding for fish sperm, resetting headstones at cemeteries, cleaning bird droppings,” said Grabell.
The country needs an intervention. We are addicted to spending and the idea that the federal government’s role is to solve all our problems. Until we admit that, we won’t change it. We must get back to the idea of a limited government, lower taxes, less spending, more personal responsibility and voluntarily helping each other instead of stealing from one to redistribute to another.
Families cannot prosper and keep America strong if government becomes a Goliath that preys upon their wealth, usurps their rights, and crushes their spirit.
–Ronald Reagan
On a lighter note, here’s the latest episode of my web show taking a humorous look at the week in politics. Enjoy!
COMMENTS
Please let us know if you're having issues with commenting.