Thursday, January 27, 2011

We be getting closer to the CLIFF

It's no coincidence that the day after PrezBo speech on Tuesday night, we get new astonishing figures from the Congressional Budget Office. Those figures are that the government's deficit spending will reach $1.5 trillion this year. That is money that we don't have ... money that we have to borrow ... and it is money that your grandchildren will have to pay back ... if we're still around to even pay it back. Remember folks .. that budget is JUST FOR THIS YEAR! The huge sum is blamed on the slow economy (duh) and the extension of the Bush tax cuts (here we go). If you put pen to paper you will see that blaming the tax cuts is absolute nonsense. There's scary news about there about the deficit ... and ObamaBots see a way to use that scary news to advance their class warfare wealth redistribution agenda.

Think about it this way: Our government will have to borrow 40 cents for every dollar it spends in this fiscal year. The deficit will absolutely be the highest on record, although at the rate we are going, I'm sure that record will continue to be broken, and that is nothing to be proud of. In fact, the CBO currently estimates that the deficit will remain above $1 trillion in 2012 - for the fourth year in a row. Our debt held by the public will soar to 70% by the end of the 2011 fiscal year.

It's hard to comprehend all of this, isn't it? But with figures as staggering as these, Obama's plans to merely freeze spending are looking diminutive. (That's tiny for those of you who were educated in public schools.)

Now before we move on to my next intemperate rant ... this must be said. The ultimate blame for what is looking like the eventual economic destruction of our country rests with us, not these politicians. America is a country chock full of people who think that the federal government exists for no real purpose other than to solve every problem they ever have. If they abuse their health, the government is supposed to pay to make them well again. If they fail to save for retirement, the government is supposed to step in with a guaranteed lifetime retirement income. If they spend like teenage girls in a mall, and can't pay their home mortgage, then the government is supposed to step in and bail them out and provide a place for them to live. It's always the government. Space the government is always there to solve your problems. Space and the government should always take money away from other people, who have lived their lives responsibly, to pay for the solutions. This country can be saved. But as long as we have a sizable portion of our population, the moocher class, begging for more and more benefits from the government, and voting accordingly, our future looks dim.

In 1821 Thomas Jefferson wrote a letter to Nathaniel Macon. They actually wrote letters back then. How about an excerpt?

"There does not exist an engine so corruptive of the government and so demoralizing of the nation as a public debt. It will bring on us more ruin at home than all the enemies from abroad ..."

But what the hell did Thomas Jefferson know? A lot, apparently. Here is another Jefferson quote:

"I placed the economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts we must be taxed in our meat and drink in our necessities and in our comforts in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy."

Now those are two quotes from one of the men responsible for this incredible nation, though Obama doesn't seem to think it's all that incredible. But it actually goes back further than that. Knowledge of the dangers of public debt were known even in 55 BC! Here is a quote from Cicero. No, Cicero wasn't a rapper. He was some Roman dude. A philosopher, actually, who's full name was Marcus Tullius Cicero. Come to think of it, that is sort of a rapper name. Anyway ... the quote:

"The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of official government should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."

Now think about it my friends; that was 55 BC! If you take the word "Rome" out of that quote it sounds for all the world like it was uttered by a Libertarian or Republican candidate somewhere. It certainly doesn't sound like it could have ever been uttered by Barack Obama except, possibly, in one of his bad dreams.

We have to stop whistling past the graveyard folks. Sometimes when you whistle past too many graveyards you end up being buried in one of them.