President Obama Doesn't Understand the Origins of the Deficit
Interesting article by Dean Baker about the principal deficit source being the recession, and ending with:
"One final point, when push comes to shove, the financial industry will make the Tea Party Republicans vote to keep them in business. Wall Street will suffer more than anyone from a default and it will not let it happen. The public should know this, certainly Wall Street does."
Re: President Obama Doesn't Understand the Origins of the Deficit
I think Obama does understand the origins of the deficit. That is why he proposes new, expensive programs like a high speed rail system to increase it. Can you imagine that? Our nation is sinking into unrecoverable debt and he's proposing new ways to borrow and spend even faster? He knows exactly what he is doing. His entire upbringing from youth to adulthood has been under the wing of various Marxists, from his Grandparents to Frank Marshall Davis to his Marxist minister Rev. Wright... and he has appointed Communists like Van Jones to run our nation. Okay, Jones resigned after Glenn Beck outed him but Obama's intentions are absolutely clear.
Marxists use various strategies to collapse a prosperous capitalist system so they can "fundamentally transform" it into a Socialist system under their Party control. That's the plan. The nationalization of GM then redistribution of its ownership into the hands of the union that serves The Party was just one example.
At every level of government, the Democrat Party is using its power to overspend and bankrupt, from the city level to the Federal. It is a plan, not an accident.
Once America is driven into economic collapse, their agenda moves forward.
By the way, if House Republicans are able to take real action to thwart that plan, you can be sure the Marxists in charge will cause economic havoc (again) and blame it on the Republicans (again). That's their M.O. They'll give their ground troops the excuse to march on the streets and smash things, as they are in Wisconsin and Greece.
This has been done so many times, over and over, it's like a bad rerun. I would think Americans would recognize this process by now.
07-28-2011, 11:33 AM
Speak2Truth
Re: President Obama Doesn't Understand the Origins of the Deficit
Please, watch this video, then honestly consider why Obama is only proposing new programs to spend more and drive up the debt. HE KNOWS what he is doing.
Barack Obama is one of a group of people trying to achieve a goal stated long ago, when Abraham Lincoln restored financially sound control of US money in our nation.
"If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe." - London Times
07-28-2011, 07:12 PM
BizWrangler
Re: President Obama Doesn't Understand the Origins of the Deficit
Please, watch this video, then honestly consider why Obama is only proposing new programs to spend more and drive up the debt. HE KNOWS what he is doing.
Barack Obama is one of a group of people trying to achieve a goal stated long ago, when Abraham Lincoln restored financially sound control of US money in our nation.
"If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe." - London Times
07-29-2011, 03:13 AM
Speak2Truth
Re: President Obama Doesn't Understand the Origins of the Deficit
I had a complex like that build down the street from me a few years ago. I went into their office and asked to rent an apartment. They said no. I told them I would pay a whole year in advance, cash. No. I asked to speak with their manager. On the phone, he went down a short list of racial qualifications - if I wasn't one of them, I wasn't getting in. Taxpayer funded housing.
