President Obama, the Bankrupt Do Not Invest

In the State of the Union speech, President Obama called for numerous “investments.” Most Americans, especially fiscally conservative tea partiers, fully realize “investments” translates from DemocratSpeak to English as “spending.”

In his speech, the President called for additional deficit spending towards renewable energy, spending on infrastructure such as roads and bridges, and additional funds for education. Have we not been down this road before? In 2009, the very same spending policies in the Stimulus Bill put the Democrats on the road straight to Teapartyville!

While calling for some spending reductions, the President’s desire to spend more money we will have to borrow or print rings hollow with voters. Voters sent a strong message in the November elections that the federal government is out of control from a spending standpoint and must be brought to fiscal sanity. The tone-deafness of the President in calling for additional spending is shocking but not unexpected based on the fact that Congressional Democrats recently re-elected Nancy Pelosi and Steny Hoyer to leadership. Pelosi and team, with their out of control spending, cost Democrats 63 House seats in November.

Wasn’t the Stimulus Bill of 2009 passed to create thousands of shovel-ready jobs to improve the infrastructure? Didn’t the $786 billion bill include billions for green energy projects that would also create jobs? Yet unemployment hovers above 9%. How many more billions must America borrow and spend on a broken and wasteful education system that puts American students at a disadvantage against students from other countries?

President Obama and the Democrats miss the fact that bankrupt people do not invest. Bankrupt people reduce expenses. If an American worker loses his or her job, they do not call their stock broker, unless to sell shares. For the bankrupt or unemployed, fiscal reality dictates that spending cuts must be made to offset reduction in revenue. Cable television, fancy dinners in restaurants, lowered thermostats and other money-saving methods are utilized to stretch the budget in these circumstances. Why does our federal government seem incapable of following the same common sense fiscal practices?

America, in reality, is no different than the unemployed worker. Except America has the ability to print worthless paper or borrow money from countries still foolish enough to buy our debt. Yet, President Obama and the Democrats ignore the harsh financial reality facing our nation and press on calling for additional spending!

America faces a staggering $14 trillion dollar national debt. 2010 alone saddled us with $1.4 trillion of that amount! America is bankrupt due to fiscally insanity from both Republicans and Democrats and Americans have had enough. The Republicans, bless their hearts, have a plan to reduce spending by $2.5 trillion over ten years. We tea partiers came, we saw, and we yawned. Republicans have targeted the low hanging fruit of obvious wasteful programs but have done nothing to address the lions share of the budget, entitlements.

Kicking the entitlements can down the road is not the reason Republicans were returned to power in the House.

Tea party members view the $2.5 trillion spending reduction over ten years as parsley on the plate of required spending cuts. With a $1.4 trillion budget deficit, anything less than a $1.4 trillion reduction in spending this year to balance the budget will be seen as failure by the tea party. Any elected officials not prepared to make fiscal big-boy decisions in 2011 may very well find themselves replaced with bigger boys and girls in 2012.

All rides eventually come to an end as California and other big-government states are experiencing. Eventually, no one will lend another dollar to massive spending machines that have no ability to repay loans. America is headed rapidly down the road of financial disaster and massive spending reductions must be made. Americans recognize this, why can’t our politicians?