It is all kabuki theater. The on-budget deficit of $1 trillion is a bad joke. The real deficit is at least 11 times larger. There is no way to solve the problem of the unfunded liabilities of the federal government, other than by some form of default. Somebody’s goose is going to get cooked.
Archive for Category: "Economy"
Rubio: Campaign is Over – It’s Time to Govern or We are Going to Pay a Terrible Price
“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Senator Barack Obama when the debt was “only” about $10 trillion.
Can Obama Lead or Just Campaign? How We Got to the Fiscal Cliff
The socialist Democrats have always increased spending and then called for more taxes. Nothing has changed except a few names. Obama doesn’t want to lead. The Democrats do not want real solutions. They only want power. Power bought with the hard earned money of productive Americans. Americans are selling their liberty and the security and freedom of their children and grandchildren for false promises of free phones, government run healthcare and an ever expanding pool of poor duped citizens who think they can only survive on the government dole. The Democrats and Obama have already bankrupted America.
4 Reasons Buffett and Obama are Wrong on Tax Hikes
Ever-growing entitlements have put spending on a trajectory toward a European-level implosion. If they are not reined in, taxes on everyone will have to rise perpetually just to keep pace.
European Union and the Failed Welfare State
Could it be that rich and productive countries are tired of subsidizing social welfare, re-distribution of wealth schemes, failed multiculturalism, and sloth?
The Decline and Fall of America
What, then, might happen to America? Considering the current economic situation, some kind of collapse is of course possible. Most likely the United States will change into something else, into a “soft” totalitarian society envisioned by Alexis de Tocqueville, where its citizens are “cared for” but weighted down by mountains of rules and bereft of any dynamism, creativity, or imagination—subservient, socialist, and senile.
Private Property Ownership is the Only Way to Eradicate Poverty
The United States is now losing wealth as a result of a massive campaign to reduce private property ownership through the policy of Sustainable Development. If not reversed, the United States will find itself in Third World status for exactly the same reasons other nations have landed there – destruction of private property rights.
European Socialist Collapse Is Obama’s Plan for America
Tax the rich, put unions in control, nationalize healthcare, weaken the military and make everyone dependent on government handouts seems to be Obama’s plan for America but it hasn’t worked out so well for France and other European countries that have embraced Obama’s socialist ideology years ago. Insanity is doing the same things over and over and expecting different results. Does anyone really believe that the Chicago thug community organizer can make socialism work when it has failed the world over?
Obamacare to Destroy Healthcare Quality
Do they think doctors are stupid? Obamacare will reduce payments to doctors by 27%. Think they’ll keep doing the same job? As Pelosi infamously said we had to pass the bill to find out what is in it. What a bunch of idiots! Ramming through a bill that they haven’t read, don’t understand, raises costs, reduces quality and rations care, Democrats should be tarred and feathered.
Sequester Doesn’t Make a Dent in the National Debt
Sequestration alone is not an adequate response to reducing debt, but it is a good first step.