Thursday, February 4, 2010

Obama's SwindleUS I Plan - Time To Get Angry

As President Obama is proposing his SwindleUS II Plan to "create jobs", it is important to see how Obama's SwindleUS I Plan is being spent. President Obama promised us that if his SwindleUS I Plan was enacted that official unemployment would top out at 8% and it is now at 10% with more jobs lost every day. The real unemployment rate when all are counted is more than 17%. SwindleUS I has been a complete failure. But now, it is time to get really angry at all the pork barrel spending in Obama SwindleUS I Plan that is bankrupting our country as reported by Fox News, the only credible news agency on TV. SwindleUS I monies must be spent by September 30, 2010, by law and as such money is flying out of Washington at the rate of $196 million an hour; that's right it is $196 million an hour, every hour of the day for the next eight months.

You won't believe some of the expenditures. $233,000 is going to the University of California to study why Africans vote. $2 million went to Nevada, where I live, to build a new fire station that was turned down in a ballot initiative by the people of Washoe County in Reno, even though there is no budget to hire new firemen to man it. Penn State got $1.5 million to study fossils in Argentina. The University of New York, Buffalo got $389,000 to pay 100 people in Buffalo $45 each to determine how much malt liquor they drink. $5 Billion has been provided to weatherize homes. Texas used $4 million of this money to weatherize 47 homes at a cost of $78,000 per home. It is estimated that this work will save the homeowner $500 per year in energy costs. At this rate, it would take the government 156 years to see any real energy savings from this investment. Two Arizona universities were given $1 million to pay 3 graduate students to study how ants work. Companies that raise fish, shellfish, catfish and alligators were given $50 million to buy fish food. The Napa Valley Wine Train, that is a privately owned business dinner train running through the wine country in California, was given $54 million to build a railroad bridge. This money was awarded in a no bid contract to a minority owned business. And, the list goes on and on.

We should all be mad as hell. It is time for the tar and feathers; that's for sure. President Obama and the Democrat Socialists that voted for the SwindleUS I Plan and will probably pass his SwindleUS II Plan shortly should all be tried, convicted and sent to jail for this reckless spending. As far as I am concerned, there is grounds for impeachment of Obama for malfeasance, blatant incompetence, and willful misconduct. The Democrat Socialist controlled Congress just raised the national debt ceiling by $1.9 trillion to $14.3 Trillion. That is roughly $2 Trillion more than today since the official debt on the books is at $12.3 Trillion.

These Democrat Socialist politicians are clearly bankrupting our country. Don't forget this does not include about $100 Trillion in unfunded liabilities for Social Security, Medicare, Medicaid and state and federal pensions that are about to explode on the nation as the baby boomers retire in this decade. All the money we have paid in for these benefits all of our lives is gone. Democrat Socialists and Republicans began stealing it during the Johnson Administration and ever since to fund new social programs and various wars.

Obama has submitted a $3.8 Trillion budget for 2011 that will result in a $1.6 Trillion deficit for just one year; four times the highest annual Bush deficits. Moody's continues to threaten to downgrade the credit rating of the United States. When that happens and it will happen, the US will have to pay much higher interest rates to sell its debt. And or, the Chinese and other foreign investors will just stop buying US Treasuries. When that happens and it will, the Fed will have to print money to monetize the debt causing much higher interest rates and inflation. This is the road to the financial collapse of the United States. We just can't let that happen.

We must take back our country by electing common sense Conservatives in 2010 and 2012 committed to a balanced budget, lower taxes and less regulations, limited government, a strong national defense including aggressively fighting Terrorism, the sanctity of life and family values. We have to make Obama a one term President. We can do it. We must do it.

P.S. The Obama Administration is spending $2.5 million for a 30 second ad during the Super Bowl to advertise the Census that will happen this year. This is fiscal insanity.

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