Federal Government Bankruptcy
President Obama made a statement today during an interview by a news source; he said unless Congress passes legislation for reform of health care the Federal Government will go bankrupt.
I hear that threat all the time from various sources, if we don't do this or that we'll go bankrupt or the meltdown will hurt people on Main Street.
The use of fear to advance an agenda evidently works in politics.
Time to wake up America! The first item for American Citizens is the need to understand what bankruptcy is.
I'm sure President Obama understands the definition of bankruptcy, which is when your financial liabilities exceed your assets.
The threat, however, is toothless when you tell the nation the truth, which is the Federal Government is already bankrupt.
This is a devious play on words, the way all politicians work to achieve their agenda.
The fix for bankruptcy is simple, stop spending, tighten your belt, and work harder to generate more income.
I didn't say it was easy, I said it was simple.
If politicians were honest with American Citizens they would simply say "we have made serious errors in judgement and it will cost you plenty to avoid further damage to our economy, and avoid forcing our children and grandchildren to pay for our extravagance".
We all know politicians are not honest with us, so why do so many buy their snake oil? Isn't there more than 50% of American Citizens that are adult enough to be treated like adults? Sometimes we tell white lies to our children because we understand they are immature, and a true explanation would be confusing for them, however, if we said to them "we are spending your future so we can live better now", I believe they would comprehend.
Politicians tell us the future is very rosy, just spend, increase your debt, and the economy will improve.
It appears the intent is to inflate our currency to allow government to pay down our impossible debt with dollars that have little worth.
Spending our way out of debt is simply creating enough worthless currency to pay for liabilities incurred beyond our ability to pay.
It never works, like all pyramid schemes it eventually will fall.
Inflating currency is the most immoral and devious means ever devised for hiding taxes from citizens.
The burden falls on the productive segment of our society, which has already been decimated by greed from our government leadership.
If American Citizens don't have the courage to face the problems with our economy, pull their head out of the sand and face the problems like adults, our leaders will continue to treat us like children.
Bankruptcy is not immoral, our nation has laws to allow people, and businesses, to recover and restructure debt when circumstances put them in financial difficulty.
Ignoring the fact that you are bankrupt and continuing the practices that put you there is very immoral.
The reality is government leaders, for lots of reasons, don't have the ability or the desire to deal with the financial problems in modern America, politicians use emergencies to advance political agendas.
The money interests, big banks and big financial institutions control policy and set the course of action not only in America, but world wide.
The FED (Federal Reserve System) a private central bank (system is another play on words) is the entity that establishes financial policy for the United States and much of the world.
Ben Bernanke is the chairman of the FED, he and a board of governors are appointed by the President, but the FED is still a private bank that is not subject to audit by American Citizens.
Ben Bernanke, who was featured on the cover of Time as "person of the year 2009", said during an interview that he didn't see the financial meltdown coming, (you probably still remember the meltdown that destroyed half of our personal asset value, and retirement funds).
If he, Mr.
Bernanke, the guru of finances in America, was unable to see the possibility of the crash, how are we to have faith now, when we are asked to follow his policy as we continue on this plan to print however many dollars it takes to protect us on Main Street? Or is it to protect financial institutions that are also bankrupt by definition? One way or the other, Americans are going to be faced with a reduced standard of living to pay for this madness, in the form of higher prices, devalued money, poorer healthcare, and unemployment, all because we have been fiscally irresponsible as citizens, and as a nation.
Our choices are.
(1) We elect to work out of that lower standard while restoring the productive forces that built America.
(2) Transform America into the progressive dream, which will commit citizens to a reduced standard of living forever.
I'm not at all sure about the rest of America, but I'm ready to hear the truth.
Until we face the truth, and take our medicine, we will continue to kick the can down the road till it lands on our grandchildren.
No more word games please.
I hear that threat all the time from various sources, if we don't do this or that we'll go bankrupt or the meltdown will hurt people on Main Street.
The use of fear to advance an agenda evidently works in politics.
Time to wake up America! The first item for American Citizens is the need to understand what bankruptcy is.
I'm sure President Obama understands the definition of bankruptcy, which is when your financial liabilities exceed your assets.
The threat, however, is toothless when you tell the nation the truth, which is the Federal Government is already bankrupt.
This is a devious play on words, the way all politicians work to achieve their agenda.
The fix for bankruptcy is simple, stop spending, tighten your belt, and work harder to generate more income.
I didn't say it was easy, I said it was simple.
If politicians were honest with American Citizens they would simply say "we have made serious errors in judgement and it will cost you plenty to avoid further damage to our economy, and avoid forcing our children and grandchildren to pay for our extravagance".
We all know politicians are not honest with us, so why do so many buy their snake oil? Isn't there more than 50% of American Citizens that are adult enough to be treated like adults? Sometimes we tell white lies to our children because we understand they are immature, and a true explanation would be confusing for them, however, if we said to them "we are spending your future so we can live better now", I believe they would comprehend.
Politicians tell us the future is very rosy, just spend, increase your debt, and the economy will improve.
It appears the intent is to inflate our currency to allow government to pay down our impossible debt with dollars that have little worth.
Spending our way out of debt is simply creating enough worthless currency to pay for liabilities incurred beyond our ability to pay.
It never works, like all pyramid schemes it eventually will fall.
Inflating currency is the most immoral and devious means ever devised for hiding taxes from citizens.
The burden falls on the productive segment of our society, which has already been decimated by greed from our government leadership.
If American Citizens don't have the courage to face the problems with our economy, pull their head out of the sand and face the problems like adults, our leaders will continue to treat us like children.
Bankruptcy is not immoral, our nation has laws to allow people, and businesses, to recover and restructure debt when circumstances put them in financial difficulty.
Ignoring the fact that you are bankrupt and continuing the practices that put you there is very immoral.
The reality is government leaders, for lots of reasons, don't have the ability or the desire to deal with the financial problems in modern America, politicians use emergencies to advance political agendas.
The money interests, big banks and big financial institutions control policy and set the course of action not only in America, but world wide.
The FED (Federal Reserve System) a private central bank (system is another play on words) is the entity that establishes financial policy for the United States and much of the world.
Ben Bernanke is the chairman of the FED, he and a board of governors are appointed by the President, but the FED is still a private bank that is not subject to audit by American Citizens.
Ben Bernanke, who was featured on the cover of Time as "person of the year 2009", said during an interview that he didn't see the financial meltdown coming, (you probably still remember the meltdown that destroyed half of our personal asset value, and retirement funds).
If he, Mr.
Bernanke, the guru of finances in America, was unable to see the possibility of the crash, how are we to have faith now, when we are asked to follow his policy as we continue on this plan to print however many dollars it takes to protect us on Main Street? Or is it to protect financial institutions that are also bankrupt by definition? One way or the other, Americans are going to be faced with a reduced standard of living to pay for this madness, in the form of higher prices, devalued money, poorer healthcare, and unemployment, all because we have been fiscally irresponsible as citizens, and as a nation.
Our choices are.
(1) We elect to work out of that lower standard while restoring the productive forces that built America.
(2) Transform America into the progressive dream, which will commit citizens to a reduced standard of living forever.
I'm not at all sure about the rest of America, but I'm ready to hear the truth.
Until we face the truth, and take our medicine, we will continue to kick the can down the road till it lands on our grandchildren.
No more word games please.
Source...