Two dollars million a minute? That’s the amount the United States of America goes into debt every minute. $2 million a minute. This means that the D.C.Gang spends $2 million a minute more than it takes in. Just think of it! $2 million a minute further in debt, 24 hours a day, 365 days a year.
As it stands now, Obama and his Democrats, say we need to tax the rich and corporations more. I assume they forget that when they do that, more jobs will leave for China or Mexico, and more and more rich people will either leave for a nation which taxes them less or none at all, or store their dollars overseas. If they’re smart, they’ll put it in gold and keep it here, but economic smarts are not something every rich person has, even if they can make a business run correctly. Want to make America prosperous and bring millions of jobs back? Cut the corporate income tax to zero.
30 miles from where I live, a $5 million home is being built. Not far from the currently being built $5 million home, sits another multi million dollar home in foreclosure, which can be bought for a fraction of its construction cost. Why wouldn’t the person building a new $5 million dollar home buy the one in foreclosure, and save a lot of money? Because he or she has lots of dollars, and what they want is what they’re building. Currently, only wealthy people keep the building trades alive, because poor and middle class people are building nothing. Wealthy people are responsible for employees of construction companies, architects, plumbers, sheet rockers, electricians, bricklayers, concrete workers, roofers, insulators, painters, HVAC workers, and every possible employee of every possible facet of building and furnishing a home. Only the rich are doing it, and if they’re taxed more, they may not build. All those people would be laid off.
Whenever you tax something, you get less of it and more government, which is the exact opposite of what is needed to get an economy moving again. Need to save money? Get rid of the Department of Education NOW, which educates no one, and save $100 billion a year. Get rid of the Community Development Fund, and save $4.5 billion. Get rid of the National Endowment for the Arts and Humanities and save $335 million a year. Get rid of the Corporation for Public Broadcasting and save $445 million a year. Get rid of memberships in the World bank, United Nations, and the IMF, which will save hundreds of billions. The support for illegals in the form of medical care, welfare, schooling, and every other thing, costs the fed hundreds of billions a year. Bring the troops home and station them on the Mexican border, which will save hundreds of billions.
States are going bust, but they can’t sell their debt, which is another way of saying print their money, so they’re economizing and throttling the unions. The D.C. Gang, represented by Obama and Boehner, want to “raise the debt limit,” to avoid a crash and lowering of our rating. I say the Tea Party is correct when they say DON’T RAISE IT, JUST CUT SPENDING. That alone, would make the AAA bond rating stay put. Raising the debt limit is saying, “Gee, my credit card is at its limit and I have a lot of stuff to buy, but I can’t pay for it, so I’ll ask for a raise in my limit. I admit I am a spendaholic, and can’t control my spending, but I don’t know how to stop spending. Poor me.” Raising the debt limit guarantees lowering of our ratings.
Obama has raised the national debt by 30% in two years. Let him lower it by that much. He didn’t have any trouble raising it, did he? Never in the history of America, has the debt increased by that much, either percentage wise or actual. Obama has been an economic nightmare, and true patriots want no more of him or his spending. It is said that Boehner can’t get enough votes from his own party to do what he wants to do, and that’s probably true, because Tea Party Patriots want no increase in the debt.
The Tea Party was conceived in February of 2009, as a result of the Obama victory in November 2008 and his taking office in January of 2009. In his speech Monday night, Obama said he was elected by both parties, which was a half lie. What he failed to say was that in November of 2010, thanks to his policies and actions, the Tea Party took control of the House of Representatives and as much of the Senate as came up for election, which was only a third of it. This means that only one out of two Houses can pass reform, and it will be vetoed and fail in the Senate. Obama fails to realize that he lost big in the next election after the one that elected him, and hopefully the Obama-Democrat scourge will be over next election. The propaganda emitting from Obama is pretty convincing when he talks about ’compromise’ and ’cooperation.’ I don’t want to compromise with evil, nor cooperate with it. I want government to shrink, and I don’t want the debt to increase, but maybe it has to for a short while. What a shame that the White House and Senate can stop anything the House passes. which would be zero increases in the National Debt.
Tea Party control of the House only, and not the Senate nor White House, makes it certain that holding out for no increase in the debt limit, guarantees terrible publicity for the Tea Party, because nothing will pass, and blame for the failure may go to the Tea Party, rather than to Obama and Democrats, who are responsible for the huge debt increase and all that goes with it. Probably the best path to take is to take Boehner’s trillion dollar increase for an equal cut in spending, which will pave the way for a takeover next election. If it fails in the Senate or Obama vetoes it, the blame will not be on the Tea Party or Republicans, but the President and Democrats, which is where we want the blame. I’m being PRACTICAL, which is important when considering the ultimate result, which we all want to be the total oust of Obama and his gang.
Maybe if every reader of this would forward this column to their respective Senator and Representative, it would help to sway the thing to sanity. If America’s ratings are lowered, which seems to be a done deal, will the stock market crash and metals zoom up? You decide.