The Big Debt Bang, ‘Bend-Over’
9.7 Trillion To be added within the Decade
If you were to meet me back in 2004, I was as staunch of a Neo-Con as any other Bush supporter any one of you could think of. Simplified, I drank the kool-aide and was as misguided as most centrists Republicans are today. What I was promised back in 2000, was a President that would enact or act on the promises of the ‘Contract With America’ from 1994. What I got was a Centrist or Neo-Progressive who not only saw fit to enact an aggressive foreign policy, but with that distraction, was able to double the size of the Federal Government out spending every President of the 20th century, minus military spending and adjust for inflation. I did indeed cheer him until my awakening which led me to the revelation that I needed to examine my core beliefs, my blind faith in the party and its anointed candidates. Bush’s spending is only rivaled today, by what Obama wants to spend tomorrow.
The Washington Post has reported that Obama’s proposed budget will incur more than 9.7 Trillion of debt over the next decade and 5.6 Trillion of that will be in interest alone. The 1.5 Trillion of debt this year is a post WWII record at 10.3% of the economy and that’s not even the scary part:
The Post continues “… But the CBO [Congressional Budget Office] is considerably less optimistic about future years, predicting that deficits would never fall below 4 percent of the economy under Obama's policies and would begin to grow rapidly after 2015. Deficits of that magnitude would force the Treasury to continue borrowing at prodigious rates, sending the national debt soaring to 90 percent [My Emphasis] of the economy by 2020, the CBO said.” Makes me long for the Clinton years in some respects.
Currently, the National Debt in total is roughly 53% of GDP, yet centrists only want to mildly cut back our spending and in only politically motivated areas. How nice of them being mild pigs at the troth. What centrists fail to understand is that it is their small dose socialism that allows for these larger and more aggressive forms of socialism to crop-up. Meaning, they are responsible for the ability of an Obama to rise to power here in America seeking to enact his progressive agenda. Their small dose makes Obama’s large dose possible for it places in the public’s mind, that socialism is an okay concept . . . something that used to be unthinkable.
The only surviving grace to this is that even centrists are going to be bothered by this debt figure and hopefully with a little luck we will be able to win some of them over to our ‘crazy or nuts’ right winged agenda. Call me crazy for wanting my Nation to have solvency. However at this point, solvency looks like a fairy tale.
Even worse, when we point out States like California, the correlation between California’s progressivism and the Federal government, us crazy far right winged people get blank expressions from centrists as if there is no correlation to be had when examining Cali’s progressive agenda. In fact, there is no difference between the Gubanator and his predecessor, Grey Davis who was a Democrat. They are both Neo-Progressives like McCain and Lieberman in the Senate. They all lack the understanding of why their ‘small government’ (quotes for a reason as Centrists always are unable to see the irony) or small dose socialism/neo-progressivism is so damaging.
There is no difference between the problems of the present and the problems of the past other than time has passed. We are repeating the same mistakes, unfortunately, with what could be more drastic results. When we examine what occurred in the lead up to the Great Depression we can find many correlations there as well, yet centrists ignore them too. Take for instance what Warren G. Harding said in his 1921 inaugural address which was said so well then and should be said again today:
“I speak for administrative efficiency, for lightened tax burdens, for sound commercial practices, for adequate credit facilities, for sympathetic concern for all agricultural problems, for the omission of unnecessary interference of Government with business, for an end to Government's experiment in business, and for more efficient business in Government administration.” He continues in paragraph 27, “It has been proved again and again that we cannot, while throwing our markets open to the world, maintain American standards of living and opportunity, and hold our industrial eminence in such unequal competition. There is a luring fallacy in the theory of banished barriers of trade, but preserved American standards require our higher production costs to be reflected in our tariffs on imports. Today, as never before, when peoples are seeking trade restoration and expansion, we must adjust our tariffs to the new order. We seek participation in the world's exchanges, because therein lies our way to widened influence and the triumphs of peace. We know full well we cannot sell where we do not buy, and we cannot sell successfully where we do not carry. Opportunity is calling not alone for the restoration, but for a new era in production, transportation and trade. We shall answer it best by meeting the demand of a surpassing home market, by promoting self-reliance in production, and by bidding enterprise, genius, and efficiency to carry our cargoes in American bottoms to the marts of the world” [Special thanks to Peter Thayer of Lake County who turned me on to the wise former President Harding]
What Warren did then to combat a looming recession would not work today, according to most economists. But it did work which was to cut spending and then cut taxes as adversely, Bush only cut taxes and then spent like a drunken sailor which according to Keynesians works. What we see today is an uncontrollable and unsustainable debt that will derail most American’s quality of life, render the American monetary unit increasing undesirable, and undermine America’s prestige and power the world over. I used to believe that the Left and the Right had similar goals for America, that they just differed in the means they wanted to use to get there which is the reason why I was a centrist, Neo-Con or Neo-Progressive. . .
I was mistaken. . .
The Left or socialists have a very calculated vision of America, using centrists as their pawns, than those who hold true to the founding values, most especially individualism and small government. Their vision, [nothing new to history] one in which centrists have created for them, is a once-in-a-lifetime chance to establish a giant welfare state dominated by the Left and to these socialist is worth any price — even America’s steep economical decline.
The Free Market knows how to create jobs, add wealth and increase the middle class. The only thing government knows how to do is to create more government. Harry S. Hopkins, FDR’s advisor and architect of the New Deal once said, “Tax and Tax, Spend and Spend, Elect and Elect for the American public is too stupid to know the difference.”
Are you too Stupid or am I just too crazy for reason?
Silly right winged nut, solvency is for Morons.