The New America
by Our increasing debt is moving us toward third world status.
Image by Tony the Misfit via Flickr
Welcome to the new America. Massive government, high unemployment and a lower quality of life: a very new lifestyle for Americans. Thanks to the massive, outrageous spending of this White House and Congress!
In just his first 100 days, Barrack Obama has more than doubled the U.S. money supply ( by printing unbacked currency). . . committed the government to at least $7 trillion in new spending . . . and warned the American people to expect trillion-dollar deficits for the foreseeable future. Why hasn’t anyone asked where is the money for all this going to come from?
New York times Headline: “Federal Government Faces Balloon in Debt Payments: At $700 Billion a Year, The cost Will Top Budgets for 2 Wars, Education, Energy.”
With the national debt now standing at over $12 trillion and the White House estimating that the cost of servicing this debt will rise to more than $700 billion a year in 2019, up from $202 billion this year. ( The NY Times suggests that $700 billion annual payment cost may be a bit conservative.) The $700 billion a year will not reduce the deficit. It will only cover the cost of servicing the deficit. The interest will continue to increase and the deficit will continue to grow.
With this enormous, unprecedented deficit, Obama and his congress want to continue spending money that isn’t there thus adding even more to the deficit. Are they idiots or is there something much more sinister going on?
If you find that your debt to income ratio is is not working out. ie; your debts greatly out weigh your income, what do you do? Do you go out and spend a lot more making it even worse, or do you try to cut back on expenses and bring the debt into a manageable range? Common sense tells us that your monthly /yearly expenses need to be less then your monthly /yearly income. This is economics 101. Why can’t the president and congress grasp this simple concept? Is it because they really don’t care if they destroy our America and turn it into a third world economy? Or are they just to blinded by ideology to even see that the basics of economic truths need to apply?
I for one am very worried about the extreme disregard for the economic well being of our country that Obama and his congress are showing. Just because they are all extremely wealthy doesn’t mean that they should make life for the average American a hardship so they in contrast can continue to live off their tax free salaries and free for life benefits paid for by the overburdened tax payers.
One example of disregard for the burden on the taxpayers would be the many assistants we are paying to help Michele Obama get dressed and put on make-up, set her schedule and arrainge her dinner parties ect. Laura Bush had 1 assistant and Hillary Clinton had 3. Michelle Obama has more then 20 all being paid by the American taxpayers. How is that for fiscal responsibility?
See: http://weknowwhatyourupto.blogspot.com/2009/11/obamas-are-fleecing-american-taxpayers.html
Many members of congress have their spouses or family members on the payroll as assistants at the taxpayers expense. This is wrong and we the people need to raise hell about all this fleecing of the taxpayers!
It is time for us to demand fiscal responsibility from the president and congress. They work for us! They are accountable to us! It is well past the time for the Average American taxpayer to demand accountability and responsibility from these self serving politicians,
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Post Commentken bultman
On November 30, 2009 at 8:32 am
You’re right on track. I didn’t vote for him.
Karl
On November 30, 2009 at 8:40 am
Excellent article and to the point. This is not longer a Right or Left Debate. This is about the right of the American people! Stand up America before the middle class disappears.
Glynis Smy
On November 30, 2009 at 9:49 am
The world is a crazy place at the moment, all governments are like headless chickens. They love the glory days but cannot cope with the down times. We are the ones who pick up the pieces and try to cope.
Interesting article.
STEVE666
On November 30, 2009 at 2:21 pm
Another edgy article, well written, Jamie. As a Brit, I feel unqualified to comment too deeply, only as far as to say, given the chance, I wouldn’t have voted for Obama either!
Karen Gross
On November 30, 2009 at 9:31 pm
Amazing how quickly public opinion changes. Just a few months ago Obama was worshipped like a rock star, now he\’s the head of the Illuminati.
I heard somewhere that every US president has been accused of being the antichrist, Obama no exception. We\’ll be watching to see what happens next.
Ruby Hawk
On December 2, 2009 at 7:58 pm
Every president catches the fall out. We will have to wait and see how it works out.
bailieman
On December 3, 2009 at 8:25 am
In Ireland we are in massive debt. The budget which will come in a few days time will target those least capable of paying while leaving the richest alone as is usual here. To be a nurse, a doctor or any type of professional you have to go through years of training, to be a politician, you need no training at all and these are the people we entrust our countries to. Civil servants are professional but there is no guarantee that their advice will be listened to by their pay masters.
We get the government we deserved. We must all be nuts.
mkd1788
On December 5, 2009 at 10:06 am
great post…good work..
Brucealmighty
On December 12, 2009 at 6:25 am
Freemen of America did not vote for either Obama or McCain. Freeman of America were busy working and providing for their families. It’s true that no matter who is elected to Office they will face opposion because crime and corruption has been so public for so long the American people have become complacent and ignore what’s happening to them.
Washington has become a Club, A septic tank of rigged elected officals serving the behind the scene power addicted self serving.
I believe just like in recent movie DEFIANCE we innocent builders of America and the Sons an Daughters there of need to REREAD the Second Amendment and take up ARMS
Agains’t ALL ENEMYS BOTH FORIEGN and DOMESTIC.
Enemys = Anyone who is destroying America