Many of you probably heard about Obama’s declaration yesterday, May 15, 2009 that the massive borrowing then spending he and the Socialist congress are, and have been, doing is “unsustainable,” thus issued dire warning of skyrocketing interest rates for all Americans.
Does this seem incredible that the President is warning you that what he and his Socialist Congressional buddies have been doing is gravely harming the country… harming you and the future of your children and their children? Remember the tea party protests? This is what they were protesting.
Obama & Co has created the largest government deficit in the history of the United States… a state of spending more money than the government actually has available to spend to the tune of a 1,800 billion dollars of over spending… a number which is four times the amount of deficit spending last year during a GOP Administration/DEM Congressional Majority which included 800 billion dollars of TARP bailout money to save the country from a Socialist Engineered collapse of the National Housing Market via forcing banks to grant bad loans to folks unqualified for the loans.
To get an even deeper appreciation and understanding of Obama’s borrowing us to the hilt, let’s watch the following video, shall we?
And, with the coming new wave of massive… MASSIVE spending for a Universal Health Care Program (He will change the name for it to blur your perception) which will cost additional Trillions, Obama strategically warns that we …WE , meaning HE — Obama, can not keep borrowing and spending… it is unsustainable and it damages our economy.
On the surface this sounds odd indeed… he seems to be warning Americans that his borrow and spend spree is dangerous.
But… au contraire my dears, that is not what he is actually saying.
He is preparing you for a tax assault of biblical proportions..
To take America to the next step of Ultimate Socialism, he has to tax you and tax you severely, and he has just gotten out the Vaseline jar and is unscrewing the cap.
You see the Social Security and Medicare bank accounts have been borrowed from and drained of most of its monies in the past by the government to spend elsewhere. These two entitlement programs must be funded or many millions of people will be cheated out of the Social Security Insurance they have been forced to pay into all their working lives.
To finance Universal Health Care, to refund Social Security and Medicare which is running out of money, Obama can not borrow money to pay for it… he has essentially hit the credit limit and China says… no more Obama! You are done borrowing!
So… watch in the coming weeks and months as Obama uses his Slick Media Packaged Skills to attempt to sell you on a tax rate for all Americans which will reach the 50% tax rate or higher. Oh… Did I mention he will also trot out the “additional adjustments” he spoke of awhile back but did not explain what he meant by “additional adjustments?”
Any guesses what those “additional adjustments” might be? mmmm… some of you know and some don’t.
ADDITIONAL ADJUSTMENTS = CUTS IN SOCIAL SECURITY AND MEDICARE BENEFITS
There is no other way to do what he plans to do. And guess what?
It will destroy what is left of the economy and the standard of living of all but the independently wealthy… such as Obama and his Socialist Buddies in Congress and their business pals.
As we lose more of our money to taxpaying to the government we consume fewer and fewer goods and services, and more and more people loose jobs.
…Just ask the 100,000 people working at auto dealerships who got their pink slips yesterday as a result of the failure of Obama & Co to successfully engineer an Auto Maker Bailout program and instead started telling GM and Chrysler how to run their businesses.
You see, Obama has no MBA …no Master of Business Administration Degree nor has he ever ever run a business… except a campaign trail cool aid stand.