Our Budget Explained And Other Tid Bits
Aug 4, 2011 Political
This video explains what is happening in DC and how they play games with our budget in order to keep spending. It makes it quite simple for those among us who think that the government has an unending supply of money or that the money comes from Obama’s “stash.” Though to be quite honest Congress has given Obama a stash of money called the stimulus and it was used to pay off those to whom he owed favors…
When you are done watching that it should be obvious that the recent vote to increase the debt did not do us any good. Since this has been going on for about 100 years it should also come as no shock that they will not fix it and they will not work to fix it. They will continue to use budget gimmicks and accounting tricks to hide the problem until it bites us in the rear end.
At that time we will not be able to fix things and the social programs that liberals love to spend on will go away. Once we can no longer afford them and once we can no longer borrow to pay for them they will have to go away. It is that simple and there will be a lot of unhappy people who have been clueless and do not see it coming. Whether we default or not is a matter of whether we can pay our creditors. As long as we can pay them we are not in default but we will end up eliminating a lot of social programs that we can no longer afford because these morons and their enablers in the hands out crowd did nothing to rein in spending.
Thanks to what they did this week our borrowing immediately surpassed 100% of GDP. That is a recipe for disaster.
Liberals talk about the need to raise the debt ceiling and continue to borrow as a matter of national security. Al Franken and the other morons say that the GOP stance was an invitation to terrorists but the reality is that these people are inviting our enemies in the door. If China decided to cash in what we owe them and demand payment we would be in serious trouble and they could bankrupt us. We would default on that debt and we would have real issues that make the last Obama invented crisis look like a carnival. China will continue to take on more of our debt until the right time for it to pounce on us by demanding payment.
Then we will see how the politicians betrayed us and Franken can stand at the door of the Capitol and hold the welcome sign.
The market will be unsettled through all this and we are either in or heading for a second (or double dip) recession. Some like to claim that this claim has been made so much that if it happens it would be a see I told you so (like predicting rain every day, eventually you would be right) but I said last year that we would hit a double dip in the latter part of this year. It was not a monthly or daily prediction, it was a prediction of what would happen later in 2012 and it looks like we are heading in that direction. The reason for this is the Obama policies.
They are job and economy killers. It is that simple because the policies of Obama have been tried by other big government politicians in the past and they have failed. The New Deal did not fix things (it made them worse) and WW II was the only thing that pulled us out of the Depression. The New Deal helped to add to our present day miseries because it created a class of people dependent on government (this was by design) and LBJ completed this by enslaving minorities to government.
All at a cost to the taxpayers. All at a cost to our national security and all at the eventual risk of our sovereignty.
I do think though, that we can help with some of the budget. They should pass a law that all of the millionaires and billionaires (the real ones not the phony definition Obama uses to sock the middle class) who support Obama with money or by attending his birthday party should be taxed at 100%. Congress should pass a law that those millionaires and billionaires and only those should be required to turn in 100% of their income to pay off the debt.
They claim they want to pay more and they are rich enough. They can afford it and it is their patriotic duty. Yes, I like it. Only the Obama supporting rich will be taxed at 100%.
This will solve our problems and how could any liberal object, the liberal rich need to pay their fair share.
It is for the children…
UPDATE: Look who endorsed Obama for reelection.
Cave Canem!
Never surrender, never submit.
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Tags: borrowing, china, debt ceiling, gdp, lies, Obama, rich, taxes, terror