Bankrupt America
Oct 31st, 2009 by The Outsider
If we look at all the debt put on us by local, state and federal government, we find that each household has an IOU in the amount of $500,000. That would effectively bankrupt all of us if we had to pay it off now. Then there is the personal debt of all of us and the upcoming debt of the entitlements Obama promised his hopefully expanding voter base.
Much of this debt is unfunded money from the states that is mandated by the federal government for social programs to keep the democrats in office by getting more and more votes.
It all started with welfare, continued on with president Johnson’s “great society”, food stamps, ADC (Aid For Dependent Children), mandated medical care for all who use the emergency wards in our hospitals and continues on with Barney Frank’s housing loans for the people too poor to pay back the loans. Now Obama wants to give health-care insurance to all the poor children who don’t have insurance because their parents or parent can’t afford to pay for insurance, no matter what the reason. Over the years, as these entitlements continue to increase, the working class are losing their freedoms and the numbers of lazy people grow bigger and bigger. What good has the welfare policies of the past and present done? The liberals in government have created and groomed derelicts to provide them with enough votes to keep them in office forever! Is this what America is all about? Any country would be great if they all work and contribute together. This is not the goal of the liberals in government, obviously! This is the main reason we are bankrupt!
“It all started with welfare, continued on with president Johnson’s “great society …”
???
The national debt actually shrank during the LBJ administration by almost 20%. It also dropped during the following Nixon administration. Deficit spending in this country didn’t start in the 60’s. Our government has been doing it for a long time. Sometimes warranted. Many times not. During WWII our national debt reached a whopping 120% of GDP! Warranted.
I do agree with the main point of your message. America has been indiscriminately borrowing too much money during the last 30 years and the problem is starting to come to a head. But I do *not* agree with your twisted rationale (and tone). Obama alone didn’t get us to where we are. No matter how much you want this to be a DNC created problem, the truth is far from that. Both parties are to blame for our $12 trillion debt. Heck during the Reagan/Bush “Reaganomics” years our national debt increased by 40% of GDP!!! Where were the tea parties then? Compare the numbers for yourself…
http://zfacts.com/p/318.html
I’m surprised you chose to choose the ADC as the root of all spending evil. Seems odd. The more obvious target would have been the Social Security program implemented during the Great Depression. It’s progressive benefit structure makes it the quintessential entitlement program. And even better for the spin - it was started by a Democrat