The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. -Thomas Jefferson
President Obama is clueless when it comes to the economy. He’s a Clueless Commander in Chief.
The U.S. received a body blow on Aug. 5 with Standard & Poor’s downgrading our credit rating to AA+ from AAA for the first time in history. President Obama owns this downgrade, but he’s not man enough to take that responsibility. All he can do is blame former President Bush, the Republicans and the Tea Party.
But when President Bush left office the national debt was 40.3 percent of GDP. With Obama’s added spending in 2009 it jumped to 53.5 percent, in 2010 to 62.2 percent and is estimated to rise to 72 percent of GDP in 2011. With the stimulus, cash for clunkers and more, Obama has increased the national debt by $4 trillion in just three years.
Everything President Obama does is based on his ideology and politics. With the Stimulus, which was an utter failure, Obama said "we've got to spend money to improve the economy." Yes, dear reader, I bet that's exactly what you do when you're broke. You go out and spend more money and then ask the bank to increase your credit card limit like the Obama administration did with the increase in the debt ceiling. It just makes no sense.
Obama also has blamed S&P. Granted, S&P has missed the mark on its ratings of the housing market in past years, but no one can disagree with them on stating that our government is spending more than it has.
S&P was just holding up the mirror. Obama needs to reflect upon his own hand in this mess and own up to it. He needs to stop the crazy Keynesian economics of spend, spend, spend. But he wants to continue the same insanity with his Jobs bill, which is simply Stimulus II with the same short-term construction jobs and favors for all the unions that was contained in Stimulus I, which failed miserably.
Obama likes to use the metaphor of “Bush drove the car into the ditch.” Well, Obama stepped on the accelerator and dug the car in deeper – so deep that that car is buried up to its rear axle. Mr. President – have you ever seen the Cadillac Ranch in Texas? Well, look at the photo below. That’s what you’ve done to our economy. Drove it deeper in the ditch, stalled it and buried it. And this Jobs bill is more of the same, but in reality it’s a political ploy you’re using for your campaign to beat up on Republicans. It’s all you have when you have such a dismal record.
The U. S. Constitution doesn't guarantee happiness, only the pursuit of it. You have to catch up with it yourself. ~ Benjamin Franklin
The House of Representatives made a valiant effort this week in repealing the atrocious Obamacare. But Sen. Harry Reid has now vowed not to bring up the repeal in the Senate. So much for government of the people, by the people and for the people, since the majority of the people favor repeal of Obamacare.
But let’s be clear, Obamacare is not healthcare, it’s health insurance and it mandates that taxpayers subsidize health insurance for all. Many who don’t have insurance made that choice. Republic Roots has friends who made the choice of not buying health insurance in favor of buying a luxury car and a bigger house. That’s their choice, so why should the rest of us be burdened to help pay for their insurance? Granted some people are in need, but that was already provided for through Medicaid and hundreds of charitable programs.
Many in Congress have pontificated that healthcare or health insurance is a right. Healthcare and health insurance are goods and it’s a personal responsibility to provide that for yourself. It’s not government’s responsibility to provide. Government’s role should be to create the environment for lower healthcare costs and reasonable health insurance premiums through fewer and smarter regulations, such as competition across state lines and tort reform. Health insurance is a good. And with Obamacare, government is mandating that everyone buy it and that we subsidize it for everyone, so next you know we’ll be having to pay to provide everyone with a flat screen television or a swimming pool because wouldn’t that be a right, too, as defined by some members of Congress?
Congressman John Lewis (D-GA) stated this week that healthcare is a right and constitutional. Lewis erroneously cited several amendments to the Constitution as well as saying healthcare falls within the pursuit of happiness guaranteed in the preamble. His ignorance of the Constitution he swore to uphold is stunning. Congressman Lewis, pursuit of happiness is mentioned in the Declaration of Independence, not the Constitution, and it is something granted by our Creator, not by government. Providing happiness for every citizen is not the role of government. Government’s role is to provide the environment for individuals to pursue their own happiness and purchase their own goods.
Congress has not unlimited powers to provide for the general welfare, but only those specifically enumerated. ~ Thomas Jefferson
