Sunday, February 13, 2011

The New Obama Deficit Plan... Investment in the Future

by: Les Carpenter
Rational Nation USA
Birthplace of Independent Conservatism


I just love the new phrase that Obama has sold to the faithful, and that includes the lame stream liberal media. Spending, and trillion dollar deficits have been assigned the new official term of investments.

Lets get one thing straight.... Obama coined the phrase "investments", which is nothing more than a slick snake oil salesman's attempt to confuse the American people and gain support for a huge domestic social spending agenda. That and to insure his pre-determined socialist plan to slip his destructive socialist agenda by the American people and force his spendthrift deficit spending through a willing Congress before anyone noticed. If spending becomes an investment in America's "future" how can lots and lots of it be a bad thing? You may want to refer to Keynesian economic theory for a answer to that one. Then ou will undoubtedly want to check ut Hayek's more rational economic theory.

Spending is necessary to operate the government. No country can remain a viable state without spending on infrastructure, defense, or the the nation's legal system etc. But the idea that it is the federal governments responsibility to take care of the social issues, social concern, or social welfare of 50 sovereign states is ludicrous. Consider also that billions of American dollars are going out in foreign aid to nations that hate America, all in the name of compassion and under the umbrella of altruism.

This misguided altruistic belief, combined with the fervor to feed the Military Industrial Complex is bankrupting America. When one adds to the this fact that government and Corporate America are in fact willing partners in the demise of true capitalism in the pursuit of crony capitalism and corporatism it should be resoundingly clear the American people is the pooch and we are being collectively screwed.

For no other reasons than the above do I welcome the the TEA Parties influence in cutting the federal budget by 100 billion dollars. Waste is abundant in the feral government and we need rabid watchdogs to keep spending{not real investments}under strict control.

I have said my piece. Now check out the following excerpt from THE HILL.
“This evening, on behalf of House Republicans, Appropriations Chairman Hal Rogers introduced a Continuing Resolution that will reduce spending by at least $100 billion in the next 7 months – a historic effort to get our fiscal house in order and restore certainty to the economy,” Majority Leader Eric Cantor (R-Va.) said in a statement.


“At a time when unemployment is too high and economic growth is elusive in part because of the uncertainty created by our skyrocketing debt, this legislation will mark the largest spending cut in modern history and will help restore confidence so that people can get back to work. These are not easy cuts, but we are finally doing what every other American has to do in their households and their businesses, and that’s to begin a path of living within our means,” he said.

All this independent conservative can say is, RIGHT ON! It is indeed time Congress begin to act responsibly and with fiscal restraint. This statement applies to oth sies of the political aisle and political ideology.

What is missing in the 100 billion dollar cuts are cuts to military {defense} spending. Rather, the proposal is for increasing defense 2% over last years expenditures and make ABSOLUTLY n sense.

If we are to again  to become a fiscally responsible nation all expenditures must be put on the chopping block. The pain must be felt all around the budget table. We either act responsibly across the board or we become another Greece or Portugal.

The choice still rests with the American people. Don't squander it on the likes of  the Obama vision. His vision is nothing more than that of a charlatan.

The full HILL article.

Via: Memeorandum

2 comments:

  1. An easy response to the "investment" nonsense it to remind everyone we are now "enjoying" the fruits of 12 trillion in investments. What has it gotten us? Apologies to Tennessee Ernie Ford, but its gotten us nowhere but another day older and deeper in debt.

    ReplyDelete
  2. Silver,

    >>Apologies to Tennessee Ernie Ford, but its gotten us nowhere but another day older and deeper in debt.

    And we didn't even have to load sixteen tons. Just twelve trillion.

    ReplyDelete

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