Thursday, October 17, 2013

Congress Kicks The Can Down The Road Again

Rather then really dealing with our long term spending, Budget and National Debt, in any meaningful way, Congress and Socialist President Obama have just kicked the can down the road once again.   The US Senate, led by Socialist Senator Dirty Harry Reid crafted a meaningless  "compromise" to fund the federal government at current levels until January 15 and raise the Debt Ceiling until February 7.   As part of the deal, there is a requirement that incomes be verified to determine if someone qualifies for an ObamaCare subsidy.   Though Obama chose to ignore that part of the law, it is already in ObamaCare so nothing more than common sense on that issue.    Once again, they will form a Bi-Partisan Committee to work on Entitlement Reform and cutting spending, which the Socialists will never agree to do and presumably raising taxes, which the Socialists will only agree to do.   We have seen this story many times before during the first 5 years of Obama's Presidency and so we know the ending; either absolute gridlock, or Republicans getting rolled again.   It is all B--L S--T. 

Wall Street is cheering because these characters live quarter to quarter and don't care about the long term impact on our country.  However, the Republican Party is on the verge of extinction because of gutless dinosaurs like Mitch McConnell, John McCain, Lyndsey Graham, Susan Collins, John Boehner and others.   The only hope for the Republican Party are the young guns like Ted Cruz, Mike Lee, Rand Paul, Marco Rubio and Paul Ryan.   We have a $17 Trillion National Debt with no end in sight.   We have more than $100 Trillion of unfunded liability for Social Security, Disability Benefits, Medicare, Medicaid, ObamaCare and state and federal pensions with no way to honor those promises.   We cannot tax our way out of this mess.  All the wealth in the country could not cover these promises.   Socialists will never tell their PEEP's the truth as they continue to blame the "rich" for the fiscal mess they have created.

Here we go again.   We will see the same soap opera concerning funding the government and raising the National Debt Ceiling in a few months.  The deal just enacted solves no problems, which is a good reason that both Boehner and McConnell have to go.  In the meantime, the ObamaCare train wreck rolls on, which by the way will add at least $2 Trillion to the National Debt in the next 10 years about double what was originally estimated by the Socialists when they lied to enact this monstrosity.  It is becoming clearer by the day that the only way we will finally deal with the fiscal insanity we see in Washington DC is after the economic collapse of the United States.  

It will not matter which party is in power, the markets will take over when the day comes that the US needs to borrow more money and there are no takers because the risk is too great.  It is already happening, which is the reason the Federal Reserve has been printing money to buy US Treasuries to cover the short fall of investors.  Sadly, we are in for very difficult days ahead, which will include civil strife on our streets and maybe even the dissolution of the United States.  Buy Guns, Gold and gated Real Estate.  The day will come when you may need all three to survive in safety.      

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