About Me

In writing the "About Me" portion of this blog I thought about the purpose of the blog - namely, preventing the growth of Socialism & stopping the Death Of Democracy in the American Republic & returning her to the "liberty to abundance" stage of our history. One word descriptions of people's philosophies or purposes are quite often inadequate. I feel that I am "liberal" meaning that I am broad minded, independent, generous, hospitable, & magnanimous. Under these terms "liberal" is a perfectly good word that has been corrupted over the years to mean the person is a left-winger or as Mark Levin more accurately wrote in his book "Liberty & Tyranny" a "statist" - someone looking for government or state control of society. I am certainly not that & have dedicated the blog to fighting this. I believe that I find what I am when I consider whether or not I am a "conservative" & specifically when I ask what is it that I am trying to conserve? It is the libertarian principles that America was founded upon & originally followed. That is the Return To Excellence that this blog is named for & is all about.

Thursday, July 28, 2011

Responses - Debt Ceiling Problem - A Win-Win For BO

Last night's subject message certainly brought a lot of discussion including WRNJ radio calling me early this morning – within forty five minutes I was part of a program that will be aired re the interrelationship of the debt ceiling problem, the Tea Party, & the FairTax.  I will download the audio as soon as it is available & post it on this blog.  I congratulate WRNJ – they are a station working for the best interests of America.
 
All day long people called to discuss last night's posting & the overall feeling is that most are mad – we just need to find out with who.  One comment – "We felt that in his latest speech Obama presented himself as a victim in a political hassle. The good guy!" portrayed BO as he hopes to be seen as an innocent victim instead of the President with the most power of control.
 
The above graph shows the growth of the payments to individuals by the federal government from 1965 to 2010 – herein lies the problem that we cannot easily turn back without a very large mindset change.  The lead editorial in today's WSJ presented this graph along with the commentary – "This insistence on no reform reinforces the notion that our entitlement state is too big to afford but also too big to change politically.  According to the most recent government data, today some 50.5 million Americans are on Medicaid, 46.5 million are on Medicare, 52 million on Social Security, five million on SSI, 7.5 million on unemployment insurance, & 44.6 million on food stamps & other nutrition programs.  Some 24 million get the earned-income tax credit, a cash supplement.  By 2010 such payments to individuals were 66% of the federal budget, up from 28% in 1965."
 
A very wise, long term reader & contributor to these messages, provides the following commentary which describes the Death of Democracy that we see coming into focus more clearly every day.
 
"You hit the nail on the head when you said 70% of the population is for increased spending rather than reducing taxes. Most people ONLY read headlines. You have Obama telling people that Social Security checks might not be mailed in August because of the Republicans, and he gains 80% of retirees' votes for the next election.
 
Now you have people out of work - who will they vote for? Not the Republicans, but they will vote for people who PROMISE them jobs, even if it means spending on programs that do not work, creating impression of creating jobs. Who gets their vote?
 
Unless Republicans do a better job of communicating with the general population, they have a good chance of losing big in the next election.  Remember many people do not pay any income tax at all. They will vote for Democrats who promise them "the moon."
 
As for me, I will take a very long nap, lasting for years, unless someone comes up with smart plans that have a chance to work and that the general public believes will work."

 

3 comments:

  1. Bond markets may 'rescue' us. After expected debt ceiling increase
    of over 1 trillion or 7% of our GDP, bond investors may balk at a
    treasury action soon. They may say -- increase debt by 7% when GDP
    grows only 2%, after jacking up debt by almost 5 trillion in 2 1/2
    years or almost 50% while GDP grew 4% --- is evidence US is not
    serious about paying back debt. This may be the last straw. It may
    then force our govt to implement an austerity program (or our global
    creditors may force us). Better now than with debt at 18 trillion or
    over 100% GDP. Let's hope the austerity program will be business
    friendly so in few years we'll be back on track after US failed nanny
    state experiment where 14 trillion since 1965 was largely wasted in
    war on poverty.

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  2. If some people are collecting all of the listed below are they counted 6 different times or just once, the number might change.

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  3. Interesting responses....congratulations on being part of the radio program...will look forward to the audio.

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