Economic Liberalism: A Continuous Failure
Let’s talk about our Dollar, okay? Okay, I will.
Our dollar is failing. India just bought 200 million tons of gold, China is moving into gold, the G20 was openly discussing moving away from the dollar as the international currency. The value is plummeting, and gold is soaring.
Why is the dollar failing? Well, friend, we have some debts against our own money. Problem is, we’re not paying it off. As a matter of fact, our President has already spent a ton of money on non-military matters. Its scaring our debtors, and they are balking at backing a President that, in his own words, is “just getting started.” Not only are we not paying anything off, but we’re spending ever faster against our credit.
Obama has no intention of slowing his spending ways, as the push for health care reform has proven. If Medicare is used as any barometer, as liberals love to do. Medicare has a $36T unfunded liability. Yeah, any program that runs a deficit like that cannot honestly be used as a success in any respect. The bill’s first 10 years will run a 900 billion dollar deficit, but even that is gaming the system. You see, that number is gained from 10 years of taxes matched against 6 years of spending, so only the first ten years are even at that number. Let’s also remember that the 500 billion cut from Medicare will NEVER happen. When the time for these cuts comes, they will be cut. Alright, back on track…
There has been a lot of talk about the financial crisis being over, or the recession being over, or a jobless recovery. This talk is all premature. A great wave is going to devastate this nation, thanks to our President, and his continual drive to submerge the nation’s head beneath the waters of financial solvency. Our collapsing dollar will lead to inflation like we haven’t seen since, um, I don’t know, Jimmy Carter.
Imagine when our unemployment is around 8-11% and then 10% inflation hits. Imagine when the whole country takes that hit atop our current situation. I wonder how hollow Obama’s speeches will sound when he waxes poetic about his policies. Will he see the Hoovervilles he built in the distance?
