In the words of Earl Pitts, Umerikan, “WAKE UP, AMERICA!”
As you have slept and taken your eyes off the storehouse, thieves have carried away your future for the purposes of their self-aggrandizement. You have suffered much loss in this burglary.
Posted on National Review Online this morning is Mark Steyn’s “A Post American Planet: Decline starts with the money, but it doesn’t stop there.” You should read it for yourself, here is a clip:
That thoughtful observer of the passing parade, Nancy Pelosi, weighed in on the “debt ceiling” negotiations the other day: “What we’re trying to do is save the world from the Republican budget. We’re trying to save life on this planet as we know it today.”
It’s always good to have things explained in terms we simpletons can understand. After a while, all the stuff about debt-to-GDP ratio and CBO alternative baseline scenarios starts to give you a bit of a headache, so we should be grateful to the House minority leader for putting it in layman’s terms: What’s at stake is “life on this planet as we know it today.” So, if right now you’re living anywhere in the general vicinity of this planet, it’s good to know Nancy’s in there pitching for you.
What about life on this planet tomorrow? How’s that look if Nancy gets her way? The Democrat model of governance is to spend $4 trillion while only collecting $2 trillion, borrowing the rest from tomorrow. Instead of “printing money,” we’re printing credit cards and pre-approving our unborn grandchildren. To facilitate this proposition, Washington created its own form of fantasy accounting: “baseline budgeting,” under which growth-in-government is factored in to federal bookkeeping as a permanent feature of life. As Arthur Herman of the American Enterprise Institute pointed out this week, under present rules, if the government were to announce a spending freeze — that’s to say, no increases, no cuts, everything just stays exactly the same — the Congressional Budget Office would score it as a $9 trillion savings. In real-world terms, there are no “savings,” and there’s certainly no $9 trillion. In fact, there isn’t one thin dime. But nevertheless, that’s how it would be measured at the CBO.
Make no mistake about it, the country is now at, if not already beyond, its breaking point. Think for a moment about the staggering amount represented by Fifteen Trillion dollars. Adding another two TRILLION dollars or any part thereof, is suicide.
Anyone who has ever experienced the burden of maxing out their credit capabilities (credit cards, home mortgage, car loan, retail payment plan, student loan, etc…) knows that it is about damn near impossible to recover. Now, with the new credit and banking laws, your credit card bills show you how long it will take to pay off your balance if you only send in the minimum payment- quite a harsh reality is that of debt.
How long will it take to pay back a balance of fifteen trillion dollars that is still bloating beyond recognition?
The answer to our grave financial problem is not to borrow more money. It is to eliminate spending, and not just phony spending based on gimmicks and tricks hidden amongst the hundreds of pages that comprise the federal budget.
The party is over, it is time to wake up and endure the horrific hangover that is coming. Then, hopefully we can begin a new day in a land that we still recognize as our beloved America and take out the garbage and put our house back in order.
Call you Congressman, call your Senator, call your President and demand that they find a way to operate within the fiscal constraints of the monies that are currently being collected. Taking more money and spending credit money is unacceptable. Yes, some spending will have to be eliminated.
Now, get to work.