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Time to Stop the Debt Charade

coveyrise Wrote: Dec 10, 2012 10:17 AM
Obama doesn't care about any of this. His only agenda is to exact what he calls FAIRNESS by Redistrubuting income from those who are still fortunate enough to have one to those he thinks have been taken advantage of. This is what his Fundamental Transformation of America was all about from the beginning. He will just let the next generation deal with the cost of what he's doing. In his twisted thinking America has enough wealth to pay for all of this ridiculous spending so it's just a matter of Redistrubuting it. Of course with no growth the Wealth is evaporating fast.
coveyrise Wrote: Dec 10, 2012 10:22 AM
Between the accumulated debt and printing of money the actual value of America's Net Worth has declined since Obama took office. With the slowing of product production in America and the escalation of Government and Government spending we are actually in decline. Nearly 75% of all new jobs are Government jobs which is an increasing drain on the private sector economy. What Obama calls "Government Investment" is nothing more than a transfer of wealth from real productivity to parasitic endeavors which produce no real GDP. By the time his second term is over it will take us at least 2 decades to recover if we are smart enough to elect someone who is even willing to try.

The crisis du jour in Washington now dominating the news, the so-called “fiscal cliff”, is but the latest in seemingly endless political crises that we shouldn’t be having.

We get two different kinds of problems in life. The real ones – the struggle to work and improve the quality of our lives – and the ones we bring on ourselves through poor behavior.

The more time we must deal with the latter type, the less time and energy we have to deal with life’s real problems and challenges.

The political crises which emanate from Washington are invariably problems...

Related Tags: Debt Deficit Budget Republicans