Posted by
Andy Zarowny on Wednesday, May 06, 2009 11:17:05 PM
I happened to be flicking thru
the TV channels today and
came across that classic film,
"A Guy Named Joe". There
was a particular scene which
impressed me. The one where
Lionel Barrymore tells Spencer
Tracy about how one can mea-
sure their life by what they
leave for the future.
Colin Powell, former general
and leader of men, recently
made comments about how
the GOP was failing. He cited
polls showing how American
citizens wanted national health
care and more from govern-
ment. Well, NO KIDDING!
Of course people want more,
especially if they do not have
to pay for it!
And that is the nasty catch,
isn't it? All of the wonderful
programs, new and old, that
the government provides for
us are not being paid for by
us, the current generation. Oh
sure, we pay for some if it.
Up until the last eight months
or so, we paid a reasonable
amount of it. But not all of it.
We are leaving mountains
of debt to our children.
With Obama and the
Democrats on a spending
spree now, we are leaving
whole mountain ranges of
debt! Obama will double
the existing national debt
in five years, and double
it again or more as his new
programs and policies linger
into the future. There seems
to be no end to it, either, but
an end is inevitable.
America is currently trying to
find people to buy our debt to
the tune of $150 Billion dollars
PER WEEK! In 2008, there
were about 50 major nations
and financial entities who would
buy and service our debt load.
Today, there are 16. Major
purchasers, such as China, are
balking from buying anymore.
The situation has gotten to the
point where the Federal
Reserve and Treasury Depart-
ment are playing a shell game
of buying the debt from each
other. But the reality is that
we are spending our way into
total ruin. And the spending
is far from over as Obama
prepares to ram more entitle-
ment programs through a
willing Democrat-controlled
Congress. This, despite the
fact that the current entitlement
programs, like Social Security
and MediCare, are on the
verge of collapsing, well before
they were expected to.
But who cares? Why should it
bother us that the nation is
going bankrupt? After all,
the impact will effect our child-
ren and future generations
more than us. Oh sure, our
taxes will go up some and
the economy will suffer as
capital is funneled away from
investment. True, more of
our generation will go thru
the uncertainty of holding a
job, but it won't be anywhere
as bad as employment will
be for our children!
Just look at Spain. They enjoy
an unemployment rate of about
12%. Obama wants to copy
their 'green-jobs' programs,
which cause 2.5 non-green
jobs to NOT be created
for each green-job. And those
green-jobs that Spain does
create cost their government,
on an average, a mere $400
Thousand dollars each! We
sure won't have to pay for
that. Our children will!
It's bad enough that the
Democrats and their Pro-
gressive allies in the GOP
have already done such a
marvelous job of trashing
our education system. I
consider this pure child
abuse. The force feeding
and brain washing which
goes on daily in our
schools and universities
is absolutely appalling.
Saddling the future with
massive debt, and the con-
sequences of such, is just
as bad. It is child abuse.