Bob
04-30-2009, 07:25 PM
That's 100 million per hour, from the interest alone of our National debt.
Interest paid on National Debt in 2008: $451,154,049,950.63
Why does then Obama pretend to cut 100 million from the budget when the following is true?
From the Wall Street Journal:
Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined
The answer is, that his over-spending is being ignored, as it helps with the end-game being played, and is framed as our only chance -- "we have to spend our way out." "government is the only thing big enough." It's not much different from Bush -- just like after Sept 11th -- go out and shop, was the way to be a patriot. As the economy is 70% based on spending the logic is -- we have got to get people to spend. But, the reality is, as we have spent more collectively, than earned for years, and it is now payday. Fighting against this natural cycle is like pretending that winter is evil, and must be pushed back -- forever. The ONLY lasting solution is we have to produce our way out of the problem. And that lasting solution, will never be tried as:
1. There is no votes to be had in it.
2. It would mean that the economy would have to "reset" which would take several years (the guy in office HAS TO DO SOMETHING, EVEN IF HIS BUSY ACTIONS MAKE IT WORSE.
3. and last, it would mean the people would eventually retain more Constitutional and God given rights (and control) & niether party wants that right now.
Another reason Obama can get away with it? is the same reason as when the R's held power? For 95% of politicans, it has never been about over-spending, its been about who has the power (at that time) and could direct the heroin for votes program.
This guy is rolling over in his grave right now.
"I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt."
-- Thomas Jefferson, 1743-1826
Interest paid on National Debt in 2008: $451,154,049,950.63
Why does then Obama pretend to cut 100 million from the budget when the following is true?
From the Wall Street Journal:
Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined
The answer is, that his over-spending is being ignored, as it helps with the end-game being played, and is framed as our only chance -- "we have to spend our way out." "government is the only thing big enough." It's not much different from Bush -- just like after Sept 11th -- go out and shop, was the way to be a patriot. As the economy is 70% based on spending the logic is -- we have got to get people to spend. But, the reality is, as we have spent more collectively, than earned for years, and it is now payday. Fighting against this natural cycle is like pretending that winter is evil, and must be pushed back -- forever. The ONLY lasting solution is we have to produce our way out of the problem. And that lasting solution, will never be tried as:
1. There is no votes to be had in it.
2. It would mean that the economy would have to "reset" which would take several years (the guy in office HAS TO DO SOMETHING, EVEN IF HIS BUSY ACTIONS MAKE IT WORSE.
3. and last, it would mean the people would eventually retain more Constitutional and God given rights (and control) & niether party wants that right now.
Another reason Obama can get away with it? is the same reason as when the R's held power? For 95% of politicans, it has never been about over-spending, its been about who has the power (at that time) and could direct the heroin for votes program.
This guy is rolling over in his grave right now.
"I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt."
-- Thomas Jefferson, 1743-1826