Today I read in the news that we have gone from a 3% of GDP in 2007 to over 10% in this year 2009. And it is only March of 2009! Our government has $14 Trillion in liabilities to only $2.7 Trillion in Assets. How can this work? How can this stimulate jobs and continue the lives we have known for over 200 years? Government debt held by the public has gone from 40% of GDP in 2007 to 63% in 2009 and it will be 90% by 2020. That means my children and grandchildren will have to turn over the majority of their income to the tax department. How can they own homes, pay for college educations (even with the government owning all the loans and so called low interest rates), buy groceries at ever rising costs, afford a decent education for their children, own a car when the government will have 90% of their paychecks? That is providing they have jobs.
These are not made up numbers. They are the actual numbers. The only way the deficit can possibly be paid off is if every American pays 85% of their earned income to taxes. Keep in mind too that the baby boomers are aging and we will pass on. There is a smaller population left behind to handle the burden left upon them by the government running this country in 2009. With less people and less people working than during the baby boomer years how can the deficit ever be righted?? Do your own math. It cannot be done. Not ever! The baby boomers had less children than their parents had. The children of the baby boomers are bringing less children yet into this world. (Of course legal abortion is assisting in this effort too)
What can we do to stop this massacre of our country, beliefs and dreams? There are those who believe this isn't happening just as they believe 9-11-2001 didn't happen. They are the ones that will tell you what I am saying is wrong and that we are well off and will be even better off. You do the math yourself and prove to me that what I say isn't true.
Go to your bank and ask for a loan. When you fill out the paper work and show you have $14,000.00 in liabilities and $2700.00 in assets and your income is 85% lower than 2 years ago lets see what answer you get. Do you think the bank will give you a loan? How many country's banks do you think will loan us any money and if they do at a reasonable interest rate? We are a huge risk with huge liabilities. No, this was not brought on by President Bush. This all happened with Mr. Obama at the helm. The numbers before he was elected were much smaller than the numbers that happened since Mr. Obama was sworn into office. He was sworn in to honor and protect us and our Constitution. We and our Constitution have been violated on a daily basis.
Think about all of this and try to convince me that we are doing well and headed towards a brighter future. Are we?? Are you?
No comments:
Post a Comment