Friday, November 18, 2011

Socialist Vote Down Balanced Budget Amendment

Socialists in the House of Representatives voted down a Balanced Budget Amendment to the US Constitution.   Even though the measure passed by a vote of 261 to 165,  since a two thirds vote is needed for a Constitutional Amendment, it would have required 284 votes to send it to the US Senate for a vote.  For the most part this was a party line vote as most Republicans voted for the Amendment and most Socialists voted against it.   A few Republicans voted No because the Amendment did not also control spending for fear that the law would just lead to higher taxes without spending restraints.   Our National Debt has just surpassed $15 trillion with no end in sight.  Based on the current spending trajectory, Socialist President Obama is likely to add more to the National Debt, in his first term in office, than all other Presidents combined in American history.

Socialists at all levels of government are bankrupting our country, as has happened in Europe.   Failure to enact a Balanced Budget Amendment is just another indication that these characters have no intention of cutting trillions in deficit spending to support their PEEP's in order to buy elections and stay in power.   The Congressional Super Committee was focused on cutting just $1.2 trillion over ten years, which had they succeeded, which seems unlikely now, is chump change.   Based on Obama's current trajectory, assuming Markets will allow it, which is doubtful, $10 trillion will be added to our National Debt in the next ten years.  Our current National Debt is already at 100% of our Gross Domestic Product.   Italy, near economic collapse, is at 120% of their GDP and as a result assuming they can continue to borrow money to roll over their debt, the interest rate Italy must pay for 10 year bonds at 7% is more than three times what the US is paying today. 

The United States is reaching a tipping point of no return when we will not be able to control our own destiny or national sovereignty, as is happening in Italy and Greece.  At some point in the near future, the Markets will say NO MORE.   When that happens and it will happen if deficit spending is not brought under control, we will experience the economic collapse of the United States.  This is the reason the price of gold is so high.   The Markets see a catastrophe coming.   People buy gold out of fear.  The fear is that the Federal Reserve will simply print more money to meet US obligations, which will lead to very high interest rates and a worthless dollar.   If we don't get our country back on track and soon, this devastating day is coming in the not too distant future. 

We can't let that happen.  We have to take back our country in 2012 and 2014 to prevent the bankruptcy of the United States.   We must sweep Socialists at all levels of government, including President Obama, out of office by electing common sense, rock solid Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real education, energy, health care and entitlement 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 jobs again in our country. 

We have to take back our country to get our fiscal house in order.   We can do it.  We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   We need to elect Conservatives that will vote for a real Balanced Budget Constitutional Amendment that includes a cap on federal spending and makes it harder to raise taxes.    This will never happen as long as Obama and his Socialist pals in government remain in power.   We have to clean out the barn to get rid of the Socialist smell of corruption and malfeasance.   We have work to do in 2012 and 2014 to save our country from the enemy within.   

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