Showing posts with label deficit spending. Show all posts
Showing posts with label deficit spending. Show all posts

Wednesday, April 03, 2013

You Want the Slow Death or the Quick Death?

"...we are now seeing weekly examples of this Administration’s inability to govern."
                                                                     ---Joe Klein From the article
                                                            ObamaCare Incompetence
                                                            Time Magazine, April 2, 2013

Is Barack Obama the worst President in History? Of course not. There are numerous examples of more dishonest Presidents and more incompetent Presidents.  None-the-less it is President Obama who is doing the most damage to this country and who just might bring our current era to an abrupt and very unpleasant end.

It is the perfect storm where the government's gross incompetence, the President's massive ego and faltering world economy all meet at once.

I've outlined in numerous articles including the one just a few days ago that the massive debt and continuing deficit spending will destroy both the government and our nation's economy in just a few years.  That's the slow death.

The quick death is coming courtesy of ObamaCare, The Affordable Care Act, the worst single piece of legislation in the history of government.  It was poorly conceived and horribly written with mercurial attention to a thousand details but no understanding of how today's medical industry actually works.  It was written in the back rooms by bureaucrats mostly under the influence of special interest groups and industry lobbyists   It was passed by a Congress where not one member ever read the 1,900 page bill and I believe that NONE have read it to this very day.

If you support UNIVERSAL HEALTH CARE, as I do, you have to be terrified of this act which will accomplish just the opposite.

It will abruptly increase the out-of-pocket cost of medical care for virtually every person, reduce the number of people receiving care, bankrupt large portions of the medical industry, drive up costs and explode the national deficit.

You will not be able to keep either your current insurance (it will no longer exist) or your doctor, who will likely retire or be stretched so thin he or she will rarely see patients.  Most care will fall to Nurse Practitioners, or Registered Nurses of other less well trained members of the medical establishment.

Hospitals will become overcrowded ad under financed.  Some clinics will close. Others will be forced to operate on a cash only basis, refusing to take insurance.

It's going to get very ugly in a matter of months.  Read DEMOCRAT Joe Klein's Time Magazine article, ObamaCare Incompetence, to start. It's short and it's scary.  And it's the tip of the iceberg.

Saturday, June 02, 2012

Federal Stimulus Doesn't Help the Economy

Friday's economic reports were nothing short of disastrous.  Unemployment is back up to 8.2%, new jobs created last month were 50% below forecasts, auto sales dipped to low levels (after earlier improvements), and the stock market dropped to the lowest levels in 2012.


And many think it's going to get much worse.  Could we be looking at a double dip recession? A genuine world wide depression? I certainly hope not.


My point this morning is not to spread doom and gloom, but instead to point out that President Obama's policies of massive government spending and expanded welfare programs just haven't worked.  Washington policies and political party posturing have only made things much, much worse than they needed to be.


I've enlarged the chart beyond the normal size of my blog to insure it is readable.

The chart above, prepared by the non-partisan Comeback America Initiative shows President Obama has stimulated us more that any president in modern history.  Sadly it's mostly through out of control Federal Spending.


Federal spending was close to 20 percent of GDP during the Carter administration, dropped to 18 percent under Clinton, and is currently at an incredible 24 percent of GDP according to the Congressional Budget Office.  And now the economy is slip-sliding backwards.


If government spending worked, it would already be working.  It's difficult to spend more than the 24% of GDP Obama is spending today.  Especially since a great deal of it is borrowed money.


Candidate Romney's prescription for the government is significantly better than President Obama's.  Most importantly, Romney will cut back the amount of Federal interference in the economy.  I fear President's Obama's solution of ever increasing spending will destroy the nation and bring on a world wide depression.


In a future blog entry I'll explain why the "hot button" social issues like abortion or gun control should NOT affect your decision on a President.

Sunday, July 31, 2011

The Myth of the Tea Party

I like and I admire Thomas Friedman. And I certainly like and greatly admire former President George H.W. Bush. But Friedman's Op-Ed in today's New York Times, "Bring Back Poppy," may be the most stunningly stupid article I've ever read.

Friedman's error certainly wasn't his praise for former President H.W. Bush. His comments about Bush were spot on correct. Instead his fatal lapse into stupefying moronic idiocy was to somehow give total credit to about 60 neophyte Congresspersons for blocking common sense Tax and Spending reform. Somehow, amazingly, Friedman forgot there are 200 Democrat Congresspersons, not to mention 150 or so mainstream Republican Congresspersons, that could have stopped this madness at any time.

It's convenient and maybe even fun to blame the 60ish Tea Party Republicans for events they had absolutely ZERO control over. But you have to pretend that the entire Democrat caucus and their leader, Nancy Pelosi, don't exist or have forgotten how to vote. In reality it is the Democrats and the huge majority of Republicans that Speaker John Boehner DOES CONTROL, that have forgotten how to compromise. One tiny drop of real bipartisanship by the supposedly reasonable 365 members of the House and this all ends.

If Boehner and Pelosi were actually willing to do their jobs the Tea Party would be the irrelevant minority caucus that they really are.

What's happening here is that the Democrats have cleverly used the Tea Party as cover for their own failure. And Thomas Friedman and most of the mainstream media have fallen for the ruse.

Wednesday, November 11, 2009

Thoughts on a $1,118.00 Day

If it is always darkest before the dawn, daybreak must just be moments away. Because, on both the social and economic scales, it is a very dark time in America. Gold today hit a record high of over $1,118.00 an ounce as investors and governments around the world abandoned the US Dollar and other paper currencies in favor of the precious metal. Publicly and privately many say the see the collapse of the US Dollar and possible the collapse of the United States.

[Most Recent Quotes from www.kitco.com]Misled and misguided by a President wholly unqualified and unready to lead this nation during an economic crisis, the United States is floundering. And the deaf, dumb and blind US Congress is leading the nation off the edge of the cliff as surely as the Pied Piper led the rats and then the children in the fairly tale to their potential doom. I'm not at all certain we can have a happy ending.

Clearly investors and foreign governments don't think a happy ending is in our future as they abandon on currency as if it were infected with Swine Flu (or, more likely, the Ebola virus). Death be to those holding US currency when the end times arrive.

President Obama's biggest mistake today is that he is ignoring the economy as he pursues a Health Care Restructuring Plan that is horrifically bad in its own right. He should be working on the economy and the deficit, but if, god forbid, he succeeds in forcing this Health Care Bill down the throats of a public that neither wants it nor needs it, it will bring on the collapse all by itself.

Poor President Obama has done virtually nothing right. Being naive in both the ways of Congress and in basic economics, he turned the Economic Stimulus Act over to Nancy Pelosi and give little or no guidance. Pelosi hadn't the slightest idea how to build a stimulus package, so she did what she does best, packaged up 780 billion dollars of pork and special favors for friends and supporters and called it stimulus.

Now some folks are surprised (or, at least, act surprised) to find the stimulus package isn't doing any good and the very slow economic recovery is exactly what would have been expected without a package.

The problem is the stimulus package is actually a time bomb and is ready to explode the deficit. Gold, therefore, is the safe haven for investors and other nations that are handling their economy correctly.

Three things need to happen. First, and perhaps most important, the Health Care Restructuring Bill must be stopped.

Second, the President needs a new economic team, a strike force if you will. He should ask Mitt Romney to head up this effort to, literally, save the United States.

Finally, Nancy Pelosi should step down as Speaker of the House and usher in a new spirit of true bipartisanship. Now is not this time to build walls and foster hatred. Pelosi isn't capable of anything else and she must go.

Friday, August 21, 2009

Destroying America $1 at a Time

I really, really, really hate political parties. Every one of them! They all have a requirement that you check your brain at the door and absolutely prohibit the use of common sense.

Republican. Democrat. Libertarian. Green Party. Just support the party. Follow the party line. Shut up. Don't think. And don't care. Just help the home team "win," whatever-the-hell that means.

The White House
today admitted what everyone on earth with the exception of the entire Democrat Party already knew: the deficit will reach a staggering and totally unsustainable $9,000,000,000,000.00 (Nine Trillion Dollars) over the course of what President imagines will be his Presidency.

The sad truth is that he will never serve two terms as President. The even sadder truth is that the United States as we know it will not exist in 8 years. And the mindless Democrats are cheerfully spending the country into bankruptcy and beyond. They don't give a single thing they are doing a second thought. Mindless Republicans certainly started the spending, but today oppose it without having the slightest idea why. They just oppose the Democrats.

The Chinese and nervous, but relatively gleeful. They control our fate. They hadn't really planned on owning the best real estate in the Western Hemisphere, but with prices this low, they just can't pass up the deal. It's a world wide versions of "cash for clunkers," and we Americans are the clunkers.

So, with the bankruptcy of Medicare and Social Security just a few years away and default on the National Debt to follow quickly, the Zombies in the House and Senate debate a Health Care Program they cannot possibly pay for.

Sarah Palin was right! There is a Death Panel! It's the US Congress and they're planning the Death of a Country.