Monday, February 1, 2010

Where Does it All End?

He said he knew what he was doing. He ran for President and told us all he had the expertise to fix things. After all, he went to Harvard. He said all we had to do was throw enough money around to stimulate the economy and our problems would be solved. Now he says it’s all the other guy's fault and he was left a mess that was bigger than he anticipated, and that even though he has failed to fix the economy by spending money we don’t have, his newest idea is to spend more.

Does this sound like someone who has clue one what the hell he’s doing? I’ve asked this before, if you had this guy managing your business, would you keep giving him money to flush down the drain? Does anyone really think this guy, who never ran a business, or worked at an executive level, or was responsible for a budget, can really find the answers we need in this country to solve the economic quagmire in which we find ourselves?

President Obama just sent Congress a $3.8 trillion budget today for fiscal year 2011. The Senate moved last week to extend the nation's debt limit to $14.3 trillion to accommodate the projected gap for the current spending year, which ends Sept. 30, but with another $1.3 trillion hole next year, the nation's debt could reach $15.6 trillion by Oct. 1, 2011. That would surpass the nation's annual gross domestic product. Does anyone out there understand what that means? Obviously, Obama and his boys either don’t, or they don’t care. One of the ways they “hope” to pay for all this spending is by taxing the hell out of us, which only affects the job market negatively.

He believes keeping budget deficits where they are currently projected will happen only if tax cuts passed in 2001 and 2003 expire as scheduled at the end of this year. The White House calculates tax hikes would generate $1.2 trillion in revenue over 10 years.

"We just did an 84 percent increase in a very short period of time of all this new spending. Democrats, since they took over Congress, increased domestic discretionary spending by $1.4 trillion," Rep. Paul Ryan, R-Wis., said on "Fox News Sunday."

"We don't think taking all this money out of the private economy up to Washington and spending it through Washington is the way to create jobs. We believe we should keep that money in the economy," Ryan added.

Anyone who wasn’t a progressive, big-government, tax and spend liberal would be able to figure this out. It seems like Obama and his band of fiscal misfits almost want us to go under economically. Maybe that’s been the plan all along. When the economy collapses, most people will have no choice but to rely on the government for help. But, with our debt surpassing our annual GDP, where does this all end? If this country were a business - which it really is folks - it would go bankrupt, which eventually it will. They will at first inflate the economy by printing more money – which actually has already started - but eventually we will become insolvent, which will be the legacy we pass on to our children. After that, this once great nation will lose its status as a world leader, again, forcing us to rely more on, and be at the mercy of, the “Global Community,” which seems to fit right in, quite nicely, with Obama’s ideology.

Pray that in November the power in Congress shifts and that it’s not too late to turn this country around by then. Otherwise, it’s all down hill from there.

1 comment:

  1. Obama is relying on a bunch of keynesians who have never found a successful economy they couldn't ruin. They will continue on the path until they are replaced or the economy is in shambles.

    ReplyDelete

 



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