Thursday, June 30, 2011

The Debt Boat




As Americans, we all find ourselves in the same debt boat; the responsibility for our nation’s debt falls upon all of our shoulders. Only by working on this problem together can we have a prayer of overcoming it. Lincoln once said that “a house divided against itself cannot stand.” This is a lesson that Obama is in dire need of learning as evidenced by his repeated undermining of our country through his attempts to pit rich against poor, blacks against whites, old against young, private employees against public employees, doctors against their patients, police against the public...there seems to be no limit to what he will do to undermine the very fabric of America. His dedication to Marxist ideology comes through crystal clear when you watch his policies fall into place. He believes that it is the job of the government to redistribute wealth from people who earn it to those who do not and in so doing the government gains power over both rich and poor. He fails to understand that all Americans are in the same debt boat and that boat is quickly taking on water; therefore, he has failed to sound the siren and pass out the lifejackets.

Taxing the rich of every penny they have and all of their assets would not even put a dent in the trillions of dollars of debt that we owe as a nation not to mention our unfunded liabilities. Drastically cutting spending is the only way to fix this mess we are in. If we just roll over and allow them to continue to borrow like there is no tomorrow we will wake up one day and find ourselves serfs to the elite who will run the show and the America that we know and love will be but a distant memory. Now is the time to draw a line in the sand and say no to more borrowing because that is the only way to stop the insane spending. They are like drug addicts and they need to go cold turkey. With every dollar they borrow they are forging the chains that will bind our people for many generations to come. The debt they are purposefully and gleefully racking up is so big and so deep that if something drastic isn’t done immediately there will be no way of repaying it.

The Obama administration seems to believe that we will have these artificially low interest rates indefinitely. We have been given warning bells from those who issue credit ratings. The days of low interest will soon come to a close and once we go back up to the average interest (we can consider ourselves lucky if it doesn’t surpass the average rate) which is around 5 to 6 percent then our predicament will be far worse. The interest payments alone will eat up a huge chunk of our tax receipts. Couple that with the ever increasing Medicare and Social Security obligations and we will find that we are in quicksand up to our necks with no one to throw us a lifeline. We will be left defenseless because there will be no more money to fund the military. Our politicians have been making promises to get votes for a long time now all the while knowing that when the bills came due for them, they would have long since left office and the problem would be left for latter generations to solve. Well, the time has come to solve it if it will ever be solved at all. If we fail to solve it, the solution will be forced upon us by the world and in that scenario it will be no longer up to us how we want to fix it, it will be out of our hands and we will just have to live with whatever our new masters dictate to us. I say masters because we are making ourselves into slaves with this unwieldy debt burden.

Only if we turn a deaf ear to Obama’s language that seeks to divide us and embrace the ideals that America was built upon will we conquer this immense problem. There is nothing that Americans can’t do if we set our minds to it. Americans understand that austerity will be necessary if we are to ever put our fiscal house in order. We have been down this road before such as during WWII when Americans made great sacrifices for the cause of freedom. The threat from within that we face today has the potential to be every bit as detrimental to our beloved country as was the threat from without that the greatest generation faced and only by joining arms with our neighbors—both rich and poor, black and white, young and old, can we hope to remain a nation where liberty and freedom are the cornerstone of our way of life which will make possible the taming this beast we call the national debt and get out of this debt boat once and for all.