Posts Tagged ‘spending’

Our Children

When these cute little kids get old enough to understand – who is going to explain to them that they were born owing hundred of thousands of dollars to faceless bondholders around the world?

Americans love their children. It makes no difference whether we are liberal, conservative, progressive, independent, or even politically sterile – our children are our hopes and dreams projecting our lineage into the future. At this moment, their future is in jeopardy and our generation has the moral responsibility and imperative to reverse that.

We see a future for our kids on the horizon that we have to change before it arrives. Our entitlement programs – Social Security, Medicare, and Medicaid – are spiraling into insolvency. The Federal Budget Deficit has tripled in two years. Our government is mortgaging our kids’ future earnings at an alarming rate and shows no signs of exerting any sanity.

Combining the liabilities of the National Debt at over $13 Trillion at present and the unfunded liabilities of the above mentioned entitlement programs; every baby born today is on the hook for just under $400,000. That, of course, includes every living American of any age. Now we have piled the Health Care Bill on top of all the previous government commitments to entitlement largesse and the long term costs of that are not being truly enunciated. Only time will tell if it will be the final nail in the destruction of our nation’s fiscal stability.

We can no longer sit in front of the TV with 500 channels of sports, porn, and sappy sit-coms and ignore the peril in which we have placed our children’s future. We must awake and realize that piling up unmanageable debt and then dying to escape repayment is nothing short of criminal.

We have to stand up and demand the drastic reform of the entitlement monster before it destroys the opportunity our kids deserve. As individuals we must be strong enough to swear that we will not enroll in any of these programs unless fate and bad fortune leave them as the only way to preserve our lives. We have to get back to the concept that a government handout is not a right – but an insult, and an affront to our dignity. Sure you say you paid in and want your benefits. Too bad the government stole every penny of what you contributed and left the funds empty – it’s GONE! The people we elected over the past half century stole every penny! It is our burden and responsibility to realize the dough is gone and we have to take the hit – not our kids.

Watch that cute clip again and think hard on whether you want to be part of the problem, or part of the solution. Your little loved ones need your involvement now.

Advertisements

Video Analogy

Take a few minutes and see a video analogy of big government and where we will all be if President Obama continues to get his way:

Watch the debt climb.

See the bureaucrats running their departments.

Observe the few trying to prevent the disaster.

Note the apathy among the dedicated workers.

Witness the tipping point, and the unstoppable aftermath.

Notice the businessmen, stripped of their dignity, thrown into the maw.

Watch how the workers are tossed in immediately after.

Whose children are these – yours, mine, or will they be our grandchildren?

Stalin culled out the thinkers and entrepreneurs and worked them to death in the Gulags. Mao selected the landlords, business owners, and intellectuals and put a bullet in the back of their necks. Obama is not a dictator, and does not have the power to become one. His kinder, gentler way of crippling a free economy is to ostracize, criticize, tax, regulate, and marginalize those who create jobs and write the paychecks.

 “Spreading the wealth around” will soon lead to no more wealth to spread around.

VOTE THIS NOVEMBER!

Double Dip?

The Dow is down 275 points this morning, below 9900 and falling like a safe dropped from a helicopter. It just touched beneath the absolute low hit in the “flash crash” of May 6th. Consumer confidence plunged from 62.7 to 52.9 in one month. Recent polling shows that over 62% of Americans think the nation is on “the wrong track.” Exactly what is this market, supposedly a leading indicator of economic activity, trying to tell us?

The market is telegraphing that there is no confidence in the present government trajectory toward tax increases, more borrowing, and higher deficits. It also dislikes the dead hand of government in the management of financial institutions, automakers, and health care. It deplores the idea of saddling the economy with cap & trade costs, and realizes that “stimulus” spending largely directed toward the public sector is totally non-productive. Investors and businesses have seen this movie before – when the very similar activist policies of FDR failed to cure the Great Depression which lasted well into his 3rd term.

Vice president Joe Biden has said that we “need to spend money to keep from going bankrupt.” Nancy Pelosi has stated about the Health Care Bill that “we have to pass the bill so we can see what’s in it.” Christopher Dodd comments on his financial reform legislation: “No one will know until this is actually in place how it works”. Of course no one can forget candidate Obama’s comments on cap & trade: “electricity rates will necessarily skyrocket,” and on taxes: “it is better for everyone when we spread the wealth around.”

Peter Orszag, the OMB director responsible for planning budget deficits beyond contemplation and cooking the books to make Health Care appear feasible is bailing out. President Obama just got slapped around by the leaders of the G-20 when he floated a trial balloon involving more massive “stimulus” spending. These heads of state are belatedly awakening to the fact that Keynesian economic theories eventually crash, but Obama, Summers, Geithner, and Biden have yet to catch on. Unfortunately, they never will because they are so completely wed to big government along with massive spending, taxing and regulation schemes. Of course, buying votes from SEIU and UAW members is the prime benefit to the administration of the mix.

This administration is stealing from our grandchildren and spending our national future down the drain. The red ink must be staunched, entitlement spending reformed, Health Care repealed, and government cut back. Obama will never consider it, so the only way to begin a reversal is to elect a Congress that will refuse to fund these massive programs.

The next time you see a baby, stop and wonder how he or she will think of our generation in about 50 years. Then promise that baby that you will vote now to stop this insanity before it is too late. No American has the right to live in the present off the future earnings of another.

The Gift

In late 1941, WW II had been raging for over two years.  Britain was holding out alone in Europe and Hitler’s Panzers were within sight of Moscow.  With the horrors of WW I fresh, the United States wanted no more foreign entanglements.

FDR knew the US would have to enter the war on the side of the Allies.  Allowing the Axis Powers to absorb huge populations and untold natural resources would eventually create powers too big to defeat.  Every farm, oil well, rubber tree, factory, and military age man absorbed by the Axis meant another increment of strength to our enemies.  What – if anything – could awaken the American people to the growing and imminent threat to our very existence as a free republic?

Admiral Isoroku Yamamoto stepped up with a perverse and tragic gift on December 7th.  The horrific news of the attack on Pearl Harbor galvanized the American people as nothing else could.  The intense anger following that sneak attack combined with the sober realization that half the world’s modern military strength was arrayed against us stoked the determination to destroy our enemies.  The acute realization that our nation was in mortal danger of becoming an Axis conquest awoke the instinct of self preservation.  From that moment on, America was at war to win.

The Obama Administration is our generation’s domestic Pearl Harbor.  We must take advantage of it to preserve our country for future generations.  Barack Obama has given us a priceless gift if we are strong, smart, and organized enough to use it to our advantage. It is an attack on our freedom, liberties, way of life, and our children’s future, from within. It is an assault on America’s greatness, the destruction of her exceptionalism, and the squandering of her prosperity.  It is up to us and like minded people throughout the land to seize on this gift and turn it to our advantage.

In my adult lifetime, America’s population has increased about 40%.  In that same time, the proportion of people dependent on, or working for government has increased by over 270%.  A whopping 30% of all Americans are currently either working for government or receiving some sort of assistance, transfer payment, or entitlement.

The currently employed labor force is about 45% of our total population.  Almost half of them pay no taxes whatsoever, so that further dilutes the number supporting the 30% to around 22.5%.  If you pay taxes, you are not only supporting yourself, but also more than one person on government programs or employment.  The imbalance of these numbers gets worse by the year.  It is the slow bleeding of our fiscal stability on the path to inevitable to economic suicide.

Obama and his cadre of hacks, elitists, sycophants, czars, camp followers, and assorted & sundry buffoons are ratcheting up every handout, entitlement, and subsidy they can to increase dependency on government.  These burgeoning government giveaways are no different than the farms, oil wells, factories, mills, and young men that were being swept into the maw of the Axis war machine. Each new handout buys strength for the Obama welfare state juggernaut.  Senator Jim DeMint stated that “A dependent voter is a dependable vote.” Obama is buying as many as he can with money as yet unearned by those yet unborn.

This is the path so disastrously trod before us by Greece, and being quickly followed by Italy, Spain, Portugal, Ireland, and Hungary.  Our future is unfolding before us in Europe this very minute.  The only preventative measure that will save us from a similar fate is to emasculate the Obama Administration in November with our votes. While we are at it, let’s broom out a few dozen Bush-era RINOs who don’t concern themselves with our future any more than the current regime.

Here is deficit spending compared to a cross country road trip.  It will give some perspective:

Now is the time for all good men to come to the aid of their country!

Just for clarification; that line did not come from the mouth of some famous leader back in history.  It originated as a typing class drill by a teacher named Charles E. Weller in about 1867.

Just the Facts

Here is Daniel Hannan, Member of the European Parliament chastising former Prime Minister Gordon Brown about deficit spending and borrowing. This exact same speech could and should be delivered in our own Congress, on the Sunday talk shows, and from every rooftop in America. Keep in mind that when Mr. Hannan mentions that every child in Britain is born owing “Twenty Thousand Pounds”; in America every child is born owing just shy of $400,000!

Our own Senator Murray and Representative Inslee are so wrapped around the axle with myopic liberal orthodoxy that neither of them would ever think of opposing the dangers of the nation’s present path toward future bankruptcy. Both ignore the past, are blind to the future, and concerned only with personal power. It is our job to elect replacements for them with Mr. Hannan’s common sense and courage. They are out there and running in the primaries this very moment and deserve our support.

This November General Election may well be the most important in our lifetimes. Don’t miss this opportunity to make a difference. Your little loved ones, too young to vote or yet unborn, are depending on you.

Obama’s Hockey Stick

“I say after eight years of this Administration we have just as much unemployment as when we started. … and an enormous debt to boot.”

These were the words of Treasury Secretary Henry Morgenthau spoken to Congress in May, 1939. Exasperated after experiencing massive unemployment for 10 years and spending heavily year after year to try to end it, Morgenthau was a beaten man. He was admitting that massive government spending and make-work projects had failed to revive the American economy. Over that period, unemployment had peaked at 25%, never went below 14%, and was 20% again when those words were spoken.

Now we have an administration in office that is mimicking the acts of the Roosevelt years with unprecedented borrowing and spending in their attempt to revive the economy. No less than Vice President Joe Biden recently stated: “We have to go spend money to keep from going bankrupt.” These people refuse to acknowledge history.

Below is a graph which I call “Obama’s Hockey Stick”. The environmental “hockey stick graph” has been discredited, but this one is frighteningly real. It shows that the US Budget Deficit has gone over a cliff; the deficit quadrupling between 2008 & 2009.

The next graph is projected future deficits based on present government budget plans. One estimate is from the Obama Administration, the other from the Congressional Budget Office (CBO):

The plunge in 2009 (which added $6,065 of debt for every living American) appears to begin to recede in 2010 and after until retracing back deeper starting in 2013. Note that the White House projections are far more optimistic than CBO. Who are we to believe; an administration attempting to cling to power, or a non-partisan budget watchdog? No matter which is right, the scenario is dire.

Based on 1933-41 experience, the above projected deficits appear a recipe for disaster. Government borrowing sucks available capital out of the system starving business of loans to expand and hire. Interest rates will rise choking off recovery of the housing market. Taxes will be raised to pay both the debt and interest; draining vital earnings of firms and individuals for decades to come.

Deficit spending does not create recovery; it only buys votes today with the fruits of future labor. Our government is selling our children’s future down a rat hole. Next time you see a baby, think seriously about apologizing in advance.

Here is a cute one that has been around a while about the TARP bailout:

The Rallyer

There he stands with a woman about his age; he holding a sign, she an American flag. His apparent age reveals the fact that he probably grew up subject to the draft. If his hair is completely gray, he may have stormed the beach at Normandy in 1944 or suffered the freezing weeks at the Chosin Reservoirin ’50. A little less gray, he may have experienced Khe Sahn in ’68 or the heat of Iraq in ’91.

He probably worked hard all his life. Maybe he spent endless hours as a line haul truck driver. Perhaps he riveted aircraft wings for 40 years. He could be an engineer designing machines to improve our standard of living. There is a good chance he may be a doctor, accountant, manager, or mechanic. His life profession does not matter. His purpose here is to show his concern for the direction his beloved country seems to be headed.

He has served with and worked alongside others of all races and creeds and is not a bigot. He respects anyone with a work ethic and a spirit of self reliance. He believes in private and government support for those unfortunate enough to have been dealt the hand of disability. He has little understanding or patience for those who seek support to alleviate difficulties brought on by their own actions of lack thereof.

He was raised understanding that opportunity in America is boundless and limited only by the abilities and efforts of the individual. He paid his taxes, paid his bills, bought a home he could afford, saved some money, and raised children always believing that their future would be brighter than his. Now this belief has been shaken.

The many thousands he paid into Social Security were spent – never “saved” – and his kids will now be taxed to pay his benefits. The extravagant promises of Medicare appear to be slowly dissolving before his eyes, and whatever benefits he is to receive from that program will also be financed by his children. He is stunned by the trillions being added to the national debt for the purposes of propping up failing business models and retaining government workers.

The man is angry – angry at the spending with no apparent end or means to pay for it. Angry; at the certainty of higher taxes on the horizon. Angry; that the Administration and Congress wasted over a year on a health care fiasco instead of concentrating on the economy. Angry; at the dilution of US defenses and the de-emphasis on the opposition to terrorists. Angry at the shabby treatment of staunch allies like Israel, Columbia, Honduras, South Korea, and Poland. This paragraph could go on for many lines, but the point is made.

He is “angry” but does that make him “dangerous”?  No.  The man has probably seen more than his share of war and bloodshed.  He loves his country and its people far too much to even consider taking up arms.  He cherishes our Constitution and the protection of rights it enshrines.  He is exercising those rights at this very moment and quietly treasuring the fact that he can do so here while billions in other nations can not.

The Administration and its media sycophants fear this man, and with good reason.  His opinions are spreading across the land in opposition to the reckless policies mentioned above.  As the weeks pass toward Election Day, his quiet, courageous stand against the devolving of the American dream are being taken up by millions of like minded citizens. This man, with determination, dedication, sinew and guts helped defend and build this nation and he will not sit idly by and watch it rot from within. He is to be revered – not denigrated. We owe him our deepest gratitude for answering the call once again to preserve America and our way of life.

The only thanks this man desires is that you stand up and join him.