I.O.U? No, We Owe Them
By Michael Oberndorf · July 30, 2012
Did you know that since The Smartest Man in the Room took office in 2008, the federal debt, as a percentage of the Gross Domestic Product, has gone from 69.7 percent to 104.8 percent (estimated). This means that we are spending more than we produce, and the forecast is for it to continue for the next decade. Unprecedented! Historic! But, as he is so fond of pointing out, he didn’t do it alone. He had LOTS of help.
For starters, the 80 plus members of the Congressional Progressive Caucus have been with him 100 percent, spending like there’s no tomorrow. These are the primary culprits that Rep. Allen West (R-FL) was referring to when he said Congress was full of communists. The Caucus tries to cover it up, but it was just a few years back that they were openly affiliated with the Socialist International.
Formed in 1991 by openly socialist Bernie Sanders, now a senator from Vermont, its co-chairman is Muslim Rep. Keith Ellison (D-MN), and its membership includes such stellar intellects as Maxine “Socialize the Oil Companies” Waters (D-CA), socialist Dennis Kucinich (D-OH), the corrupt, arrogant, and inept Barney Frank (D-MA), the ever-so-stable Jesse Jackson, Jr. (D-IL), and its Whip, Hank Johnson (D-GA), the man who in a public congressional hearing worried that stationing more Marines on Guam would cause it to capsize. The list contains the worst of the worst in Congress, for ignorant, out of control tax and spenders.
The rest of the Democrats, like good little Nazis, simply do as they are told, voting in lockstep with their misleadership. During the eight years of Republican (RINO) president George Bush, a man, BTW, who never encountered a spending bill he couldn’t sign, the Democrats increased the national debt $3.78 trillion. Since 2008, in just three-and-a-half years, they have increased the debt by another $6.36 trillion. Unprecedented! Historic! And disastrous.
The truly tragic and frightening part of this is that the misleadership of the Republican Party has gone along with all of it, voting to raise the debt ceiling time after time, and then wondering why things just keep getting worse. We are at a point where all of the taxes collected by the federal government cover only 65 percent of what they are spending, falling $1.33 trillion short. Even if they eliminated everything the federal government does, every department, agency, office, and military installation, every employee, including soldiers, sailors, airmen, and marines, outside of its mandatory obligations — Social Security, Medicare, Medicaid, and a variety of welfare entitlement programs — they still would come up $8 million short.
The debt they have run up currently works out to about $51,000.00 for every man, woman, and child in America today. Thus, Barack Barry Hussein Obama-Soetoro and his mindless Marxist minions have put that ideal American family of four on the hook for some $204,000.00. In truth, it’s twice that for the 51 percent of Americans who actually work and pay the taxes. Unprecedented! Historic! And outrageous.
Back in the Middle Ages, when there were basically two classes, the feudal aristocrats and the serfs, the general rule was that in return for protection from enemies, the serfs turned one-third of what they produced over to the feudal lord. In modern America, we have what is called “Tax Freedom Day.” This is the day when Americans have produced enough taxes to pay for government. This year, when calculated to include paying for TARP and ARRA bailout/”stimulus” money and adding in the cost of all the government regulation, it turns out that the serfs of America worked until July 15, over half the year, to pay the debt the government claims we owe them. Unprecedented! Historic! Devolution in action.
So here we are, a nation of serfs, pushed to the edge of a nation-killing economic precipice by the Marxist Fraud in the White House, the Marxist/neofascist Democrats and their neo-fascist RINO running dogs, with no way out that isn’t going to make what’s happening in Europe look like a Sunday School picnic. The Senate, led by the corrupt Harry Reid (D-NV) has absolutely and adamantly refused to propose, much less pass, a budget for almost four years. In addition, they have, with malice aforethought, killed every single budget and jobs creation bill that has come out of the House. They rammed Obamacare, with its billions in new taxes and even more billions in new spending, down the throats of Americans, even though a large majority of voters has been against it from the start. Come January, when the new taxes kick in, America, as a viable, solvent, sovereign nation, will begin the process of ceasing to exist. Unprecedented! Historic! Unless.
This WILL occur unless We, the People, rise up and vote in unprecedented and historic numbers and throw these treasonous, would-be New Aristocrats out of office and into the garbage where they belong.
wjm in Colorado
Tuesday, July 31, 2012 at 11:56 AM
We are indeed at a tipping point, so arrogantly advertised by Obamao’s campaign add. We will have one opportunity in November, to vote for the Republic or a transformed Socialist States of America. Those who love freedom should the latter be the choice, will have to decide to become a slave to marxist statist tyranny, or fight as patriots to defend the Constitution against domestic enemies, the Democrats. I am hoping for the former, but preparing for the later, just in case.