Truth is the beginning of wisdom…

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” as Reagan aptly put it.

DEBT #1 – $700 Billion ($700,000,000)

This out-of-control government spending started when George W. Bush lost his conservative sense and bailed out Wall Street with $700 billion.

DEBT #2 – $787 Billion ($787,000,000)

Congress didn’t learn from that failure, and apparently neither did Barack Obama as he continues to scold and blame Bush, while he spends even more. The president uses fear and pushed for the stimulus bill for $787 billion.

DEBT #3 – $410 Billion ($410,000,000)

That wasn’t enough for them so the recent $410 billion omnibus spending bill (with 9,000 earmarks – 60% of them from Democrats and 40% of them from Republicans) is currently being railroaded through Congress to keep government “moving” until September.

DEBT #4 – $634 Billion ($634,000,000)

And then Obama informed us last week that another $634 billion is required for a down payment on universal health care … without a plan in place … and this is just a payment.

DEBT #5 – $3.6 Trillion ($3,600,000,000,000)

If that isn’t enough, Obama is asking for a roughly $3.6 trillion budget for 2010 despite the fact that the White House projects a 2009 budget shortfall of $1.5 trillion which is triple the $455 billion in 2008. Whose fault is that going to be? It always seems to be someone else’s.


Sen. Daniel Inouye (D-Hawaii), the chairman of the Appropriations Committee, noted when he called the mammoth $787 billion spending bill “stimulus No. 1.”, indicates other stimuli on the horizon which would be debt #6, #7, etc.

With all of these wild expenditures there are still no signs of any economic recovery. This stimulus didn’t stabilize or grow the economy and the market. All the government bailed outs and still the Dow Jones industrial average has dropped … and continues to do so. It dropped about 2,000 points since Obama took office, roughly 200 points after every major speech he has made.

So the big question is: How has Obama gotten away with racking up more expenses in his first 30 days in office than all the presidents combined since the founding of our republic did in theirs?

Bernard Goldberg’s A Slobbering Love Affair is a book about the media’s blind bias and infatuation with Obama. How Obama’s hypnotic effects permeate every stratum of society, from political corridors to public schools. Why? Because he’s young, hip, cool, liberal and charismatic – and that’s what sells today in America. Hey the President is cool … that’s more important than the reality of the chaos in America. Objectiveness and criticism fly right out the window with the mere mention of his name or any discussion of his excessive spending plans. Reality is trumped by glassy-eyed emotion.

On “Good Morning America” last Thursday, two of ABC’s Obama biased financial experts graded Obama’s excessive borrowing and fiscal performance a B, while guest financial expert Dave Ramsey in reality rated it an F. Despite the two B grades, one of ABC’s financial experts quipped that one of the biggest problems with Obama’s bailouts is that there is no real form of government accountability over the money pouring out of Washington. That is a huge problem, yet she maintained her B grade for Obama’s stewardship plan. Why? Slobbering!

As Obama addressed Congress last week, House Speaker Nancy Pelosi led the way in spontaneous emotive applause for her political hero. “Pop-up” Pelosi was bouncing up and down like a little school girl with a crush, forcing Vice President Joe Biden to rise slowly every time she jumped up, and Biden had to try to hide his frustration with her. Pelosi’s eyes and facial expressions seemed almost giddy as she gazed at Obama like a teenager infatuated with the popular high-school jock. Is this really the type of objective bipartisan leadership we want running our government, leading our nation, and spending our money?

America’s political love affair with President Obama plus the Democratic majority’s coercions in Congress equals more economic chaos with trillions of dollars in new debt for Americans. A commitment to spending caps and balancing the budget must is paramount.

The Congress of the ’90s steadied and strengthened the economy by following four priorities and principles, which are being turned on their heads at this moment by the present administration.

  • Cut taxes to increase economic growth and therefore increase revenues (unlike Obama’s tax hikes, which will retard economic growth and depress revenues).
  • Set priorities and increase spending in key areas while reducing it in nonessential areas (unlike Obama’s fiscal priorities of health care, energy and education, which are based not upon what is best for the economy but what is reflective of typical partisan preferences and doing what is politically expedient).
  • Eliminate pork-barrel spending (unlike the 9,000 earmarks in the present $410 billion omnibus spending bill, which is nothing short of absolute economic ludicrousness, mismanagement and waste within our present crisis).
  • Shift from expensive, wasteful systems to smarter spending; look at not only more inexpensive ways but also more productive ones (unlike Obama’s theory to spend our way to prosperity, which is a sure way to sink America).

The nanny state is upon us. Our Founders are rolling in their graves. Day by day Washington’s credit-crazy and debt-accumulating addiction is dissolving our sovereignty by handing our financial autonomy over to other nations. In other words, America is burning, and Obama is stoking the fire!

Time is running out, but it’s not too late to reverse Washington’s fiscal frenzy. Don’t just write to your representatives but hound them to live and legislate by the preceding four proven priorities and principles of governmental and monetary prudence.

If things don’t change, forget the college education and takes courses in hunting, fishing, farming and a good survival course … you will need it to survive.

PS: Check out your own calculations on who will be paying for this debt and how much that will be per person or family.

Debts 1-5 above not including any additions – $3,602,531,000,000 / 3000,000,000 = $12,008.44 per person
1 million – 1,000,000 x 1000 = 1 billion
1 billion – 1,000,000,000 x 1000 = 1 trillion
1 trillion – 1,
America’s population 300,000,000 approx.

Estimated Population (July 2008): 303,824,640

Age structure:
0-14 years: 20.1% (male 31,257,108 / female 29,889,645)
15-64 years: 67.1% (male 101,825,901/female 102,161,823)
65 years and over: 12.7% (male 16,263,255/female 22,426,914)