Saturday, May 28, 2011

Obama's Plan To Bankrupt America

If allowed to pursue their Socialist Schemes, Obama and the Socialists in Congress intentionally plan to bankrupt the United States in their effort to "transform" America.   There is no other conclusion possible.   The Obama Administration has proposed cutting just one Trillion dollars in spending over ten years.    That is about a 100 Billion in spending cuts each year for ten years.   The plan proposed by Congressman Paul Ryan would cut six Trillion dollars over ten years to end deficit spending because Ryan deals with entitlements like Medicare and Medicaid.  Obama's plan presumably would add $15 Trillion dollars or more to the National Debt because Obama refuses to deal with entitlements.   That would mean that we would have more than $30 Trillion dollars in National Debt, in ten years, which is just inconceivable. 

No matter what the Socialists propose, the financial markets will never allow this to happen.   In the short term, however, if allowed to continue along this path, interest rates will rise dramatically as the US would have to pay higher and higher interest rates to attract investors to buy government junk bonds.   Servicing the debt will begin to crowd out all other expenditures.   So there will not be money for national defense, or other vital government functions let alone all the things that are wasteful spending.   And, at some point, there will be an insufficient number of investors willing to buy government bonds at any interest rate.   When that happens, the Federal Reserve will have to print money to monetize the debt, which will lead to the collapse of the dollar (already happening), very high interest rates and inflation and a much lower standard of living for the American people.  These Socialists are out to destroy our country.   As such, WE PEOPLE must take back our country in 2012 and 2014 to prevent the bankruptcy of the United States. 

President Obama and his Socialist Party must take from the makers and give to the takers in our society; the 50% of Americans that pay no income taxes at all; their PEEP's.   They can't win elections any other way.   But this balloon is going to burst and when it does we will have civil strife on our streets.  In the last hundred years, the Socialists have intentionally created a culture of dependency to win elections.   The problem is that if every dollar and asset was taken away from the "rich", which Socialists would love to do,  it would still be impossible to fund all their Socialist Schemes and entitlements for their PEEP's.   Socialists play class warfare to win elections; but as we are seeing in Europe in countries like Greece, Ireland, Portugal, Spain and Italy and in states like California, eventually the rubber hits the road because the financial markets suddenly say enough is enough.   When that happens borrowing more becomes difficult if not impossible, which is the reason richer countries in Europe have had to bail out their Socialist brothers.  What country is going to bail out the United States; certainly not our enemies. 

President Obama and the Socialist Party of the United States are a clear and present danger to our nation as bad as any enemy we have ever faced.  WE THE PEOPLE must now fight hard to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   We must sweep these Socialists out of office in 2012 and 2014 to prevent the bankruptcy of the United States by electing common sense Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balance budget, term limits, real education, energy and health care reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values that are the foundation of our nation.   This is the platform supported by the majority of the American people and the only way to restore economic growth and job creation in our nation. 

We have to take back our country in 2012 and 2014.   This Blogger continues to sound the alarm bells.  Our nation is under threat.   It is time for WE THE PEOPLE to take control because many of our elected representatives of both political parties, but particularly the Socialists, have betrayed our nation.  If these characters worked in the private sector, they would be in jail for their reckless actions.   In China, they would be executed.  The best we can do is throw them out of office in 2012 and 2014 and then put them in jail. 

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