H.L. Mencken said in The Baltimore Evening Sun on July 26, 1920 “As democracy is perfected, the office of
the President represents, more and more closely, the inner soul of the people. On some great and glorious day, the plain folks of the land will reach their heart’s desire at last and the White House will be occupied by a downright fool and complete narcissistic moron.” The American people proved him, right when they reelected Obama.
Too many Americans still vote a party because of a generation of propaganda molding their beliefs. Too many Americans are still willing to sell their vote and their freedom for a hand out in the form of a tax credit, healthcare, pension bailout, school loan, farm subsidy or a thousand other imagined benefits from a morally and fiscally bankrupt government as long as it is paid for by ‘someone else’.
The sad truth is that the ‘someone else’ is their own children and grandchildren. The resulting dependency on government is indeed ‘fundamentally transforming’ America. The problem is that what we are being transformed into is a welfare state model that has already been shown to fail in many European countries.
The math just does not work. The truth is government-run, taxpayer-funded, anti-poverty programs do not work. Printing the money creates inflation which is just a sneaky way to steal your money without raising taxes.
The Federal Reserve Chairman Ben Bernanke has told us the truth. The United States is on the Brink of Financial Disaster. The US Federal Reserve is now the second largest owner of US Treasuries. We are buying our own debt. Think about that for a minute. Its like you writing rubber checks. You want more money so you write a check on an account that has no money in it. You use that check to make the credit card payment. Then you run up another credit card and write more checks to make the payment on both cards. Get the picture?
The US credit cards are coming due. The chart below shows US debt with TRILLIONS of old debt coming due in the next decade.
What is the [Obama] government plan? Print more money. Write rubber checks. To pay for the programs already in place the government has to come up with 111 TRILLION to 200 TRILLION depending on who estimates and what rates of interest on the debt are used. Either way we simply cannot pay for it. If the government confiscated all the wealth from every US citizen it wouldn’t even pay half of the lower estimate.
In 1966 Alan Greenspan who became Chairman of the Federal Reserve form 1987 through 2006 said this:
“Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.”
And borrow they did. And they are still borrowing with no conceivable way to pay it back. When our debtors wake up to that fact they will, at a minimum, demand higher and higher interest rates on the debt. More likely they will stop lending us money. No more rubber checks.
Alan Greenspan said “Deficit spending is simply a scheme for the confiscation of wealth.” Obama said he just wanted “to spread the wealth around”. To have it to spread around, the government must first confiscate it in the form of deficit (borrowed) spending leaving it to future generations to figure out how to pay it back.
The Fed is lying about inflation. Agricultural commodities are up over 10% in the past year. Some, like wheat at 29%, are even higher. These price increases will start hitting groceries in early 2011.
The continuing money printing plan known as QEII or ‘quantitative easing’ could devalue our dollar another 20%. That means your dollar will by 20% less at some point in the next two to five years. Are you ready for that?
We have to get to a point where these things are discussed around the kitchen tables of America. It is not enough for the knowing few to continue to listen to Limbaugh, watch Beck or work the politics. We have to educate our friends, neighbors and families. We have to discuss the future of our nation the way we discuss football and what’s for dinner.
Those with a socialist agenda to ‘fundamentally transform’ America have accomplished a
great deal. They control the message in the schools, colleges, unions, and in most of the mass media.They have instituted a vast new bureaucracy with almost unlimited powers that reaches into all aspects of our lives with the passage of monstrous bills disguised as health care reform, financial reform, student loan program and consumer protection.
More is coming in ‘green’ energy schemes to raise taxes and control more industries. Unelected bureaucrats are crushing the economy with ever expanding rules and regulations. The most blatant example is the EPA policy of ‘environmental justice’ and its strangling of industries by rapidly promulgating greenhouse gas regulations under the Clean Air Act, something it was arguably never designed to do.
We must let America know that like John Paul Jones, although his own vessel was burning and sinking, would not accept the demand for surrender, replying, “I have not yet begun to fight.””
By Michael Whipple, Editor usACTIONnews.com
Need more convincing?
Obama’s 1st Term: Real Median Income Down $2,627; People in Poverty Up 6,667,000; Record 46,496,000 Now Poor
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