Death of a Nation; chapter two

Posted: 04/06/2009 in taxation
Tags: , , , , , , , , ,

As El Presidenté Hussein Obama prepares to beguile the Arab world with his slick tongue, things back home are starting to fall into place. Or maybe that should be out of place. a New York Times article says Rival Messages as Obama Lands in the Mideast
and leads one to believe that somehow we have a damaged relationship with the region. I don’t see any damage from our end, do you? I mean, look at the relationship. They have oil and don’t need it, but they need money. We have money, or used to, until Obama got elected, and we need their oil. We’re a powerful nation, they are a bunch of Moslem tribal communities that seem to hate progress and freedom. They think they are special. So don’t we. But in the bigger picture, neither of us is really anything to brag about.

The US used to be a nation with more than enough right to brag, but we’ve become nothing more than a nation of sin loving, greedy, simpering cowards. You can thank the Demoncrat majority in D.C. for that accomplishment. And we have no money. And whatever we do have left in the coffee can in the back of the cupboard is disappearing, according to this article,
Rising Interest on Nations’ Debts May Sap World Growth, also from the NY Times. Check out this statement from the article; But in the last three weeks, the pace of the increase in the 10-year Treasury note’s yield has quickened, spurred by a Congressional Budget Office estimate that net government debt will rise to 65 percent of the gross domestic product at the end of fiscal 2010, from 41 percent at the end of fiscal 2008. In 2009 and 2010, Washington will sell more than $5 trillion in new debt, according to Citigroup. A decade from now, according to the Congressional Budget office, Washington’s outstanding debt could equal 82 percent of G.D.P., or just over $17 trillion.

So, the hated George Bush left us at 41%, but our redeemer, the Great B.O. has leveraged the situation to our benefit and will put as at 82% after he leaves office. How is that good for America? Sounds like these morons that get into too much debt and then go out and pick up a loan to pay those debts off. Which I guess would be OK if you stopped creating debt, but they don’t. they just keep on charging into the future. But eventually it catches up to you, and you have to make some harsh choices. Some people simply file bankruptcy and walk away. Others get stuck living in a 12X15 foot room and a fifteen year old car that’s falling apart. But that’s life.

It’s the people who walk away and continue to live on debt that remains the problem. I’ve read stories about people who live their entire lives on a credit card, scrambling from one loan to another to pay off card balances so they can get more credit. This is false wealth and unearned wages that they are living on, not real money, and the lack of real money is what put us in this position in the first place.

Take the current brouhaha over the nations foray into auto ownership and the Chrysler closings. GM and Chrysler cannot afford to keep putting money they don’t have into parts of their business that do not generate sufficient income for them. And yet, according to the Washington Post, the stupid Demoncrat majority criticizes the move to close nonperforming outlets. The comment from Rockefeller was pretty obtuse; “Before GM chief executive Fritz Henderson and Chrysler President Jim Press could say a word, Sen. John D. Rockefeller IV (D-W.V.), chairman of the Committee on Commerce, Science and Transportation, voiced his support for the dealerships, calling the closings “a nationwide tragedy that a lot of us feel strongly about.”” Yuh, strongly ain’t the word, Johnny boy. Why don’t you just admit that you’re a stinking commie and get on with your life. Government has no business being in business.

But thanks to manipulation by the Socialist movement in the Demoncrat party, we’ve gotten to the point whereby in just a little over 100 days, we’re almost like the United States of Europe, or the European Nation, as they like to be called across the big pond. Government intervention and control seems to be job one for those folks, as well as for Madame Pelosi, Harry Reid and other likeminded Socialists here in the US. Death to Amerika has been the rant for decades now, and they’ve finally won, it looks like.

In an article Bernanke Presses For Fiscal Restraint, another WP entry to the discussion, we see the real toot on the horn by way of the very first sentence; “The nation needs to begin planning now to eventually bring taxes and spending in line, Federal Reserve Chairman Ben S. Bernanke said yesterday, arguing that large budget deficits, if sustained, could deepen the financial crisis and choke off the economy.” Aha! So that’s what this is all about. We need to bring taxes and spending “into line.” Note that Bernanke doesn’t say we need to become more responsible and pay off the debt while reducing spending. We need to bring taxes and spending in line with each other. That’s government code for “let us raise the tax burden of the subjects, so that we may feast on more mutton.” Or should that be glutton?

Another article, this one from the Left coast by way of the LA Times, “For the ‘funemployed,’ unemployment is welcome paints a pretty picture of where we are headed for. “While millions of Americans struggle to find work as they face foreclosures and bankruptcy, others have found a silver lining in the economic meltdown. These happily jobless tend to be single and in their 20s and 30s.” Bunch of kids who have learned to be frivolous rather than frugal. Bodes well for our future, doesn’t it? The article points out that; “As frivolous as it sounds, funemployment is a statement about American society. Experts say it’s both a reflection of the country’s cultural narcissism — and attitudes of entitlement and self-centeredness — and a backlash against corporate America and its “Dilbert”-like work environment.” So where does this lead us to in the death of this nation?

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