STOP the Insanity! Our Government is a Giant Ponzi Scheme

Why don’t we just remove the ceiling completely? Why is there money anyway? Why can’t everything just be free? What if somebody came up to you on the street and gave you ten million dollars?

Sound a little like a 5 year old? Sadly for America, it also sounds like our liberal government.

There is this thing called REALITY that the current group of elitists just doesn’t grasp. They CAN’T keep spending money at the rate of $100 Billion a day and expect our nation to survive. They CAN’T continue the ever increasing death spiral of spending on “entitlement” programs to which NO ONE is legitimately entitled.

Washington is going to have to make some tough choices if America is to survive, and I’m afraid the American citizens are going to have to force them to make those decisions. We are going to have to wean the lifelong “breast feeders” from the teat of government dependence. They are literally going to squeal like babies when forced to become independent and provide for themselves, but they must be made to do so. A man that CAN’T work, I will gladly feed. However, a man that WON’T work can starve as far as I’m concerned.

Government must be limited to spending on the things to which it is CONSTITUTIONALLY mandated. Government must then GET OUT OF THE WAY of Americans and LET THEM SUCCEED. If government gets out of the way, America will once again be the most successful, most productive, and most prosperous nation on earth.

Or we can keep passing out OPM (other people’s money) that won’t actually be earned for another 10 generations like candy and watch our nation collapse into the dust bin of history.

Charity with your money is compassionate. Charity with other people’s money is THEFT.
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http://news.yahoo.com/s/ap/20100120/ap_on_bi_ge/us_congress_debt_limit_11/print

Democrats propose $1.9T increase in debt limit

By ANDREW TAYLOR, Associated Press Writer Andrew Taylor, Associated Press Writer Wed Jan 20, 6:39 pm ET

WASHINGTON – Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.

The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent a first-time default on obligations. It promises to be a challenging debate for Democrats, who, as the party in power, hold the responsibility for passing the legislation.

It’s hardly the debate Democrats want or need in the wake of Sen.-elect Scott Brown’s victory in Massachusetts. Arguing over the debt limit provides a forum for Republicans to blame Democrats for rising deficits and spiraling debt, even though responsibility for the government’s financial straits can be shared by both political parties.

The measure came to the floor under rules requiring 60 votes to pass. That’s an unprecedented step that could mean that every Democrat, no matter how politically endangered, may have to vote for it next week before Brown takes office and Democrats lose their 60-vote majority.

Democratic leaders are also worried that Sen. Evan Bayh, D-Ind., who opposed the debt limit increase approved last month, will vote against the measure.

The record increase in the so-called debt limit is required because the budget deficit has spiraled out of control in the wake of a recession that cut tax revenues, the Wall Street bailout, and increased spending by the Democratic-controlled Congress. Last year’s deficit hit a phenomenal $1.4 trillion, and the current year’s deficit promises to be as high or higher.

Congress has never failed to increase the borrowing limit.

“We have gone to the restaurant. We have eaten the meal. Now the only question is whether we will pay the check,” said Finance Committee Chairman Max Baucus, D-Mont. “We simply must do so.”

A White House policy statement said the increase “is critically important to make sure that financing of federal government operations can continue without interruption and that the creditworthiness of the United States is not called into question.”

Less than a decade ago, $1.9 trillion would have been enough to finance the operations and programs of the federal government for an entire year. Now, it’s only enough to make sure Democrats can avoid another vote before Election Day.

Republican Sen. John Thune of South Dakota immediately offered an amendment to end the bank and Wall Street bailout, officially known as the Troubled Asset Relief Program, or TARP. Thune would prohibit further expenditure of TARP funds and would require that all funds paid back be used to retire debt.

The latest increase comes on top of a stopgap $290 billion measure that cleared the Senate on Christmas Eve. Given the country’s finances, that measure would last only about six weeks, lawmakers said, requiring the far larger measure that’s pending.


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3 Responses

  1. Their are some conservatives that advocate for limited government and their are some that argue for the immediate elimination of all government activity and to replace government functions with pivate sector control.
    The latest Supreme Court Ruling that allows the unlimited use of corporate money for the purpose of influencing the direction of all government activity, is an example of the private sector’s attempt to overthrow the constitution of the USA and render public service no longer able to further the interest of the general public by the promoting the well being of the people as a whole!
    The economic resources of big capital will smother any attempt by average americans to get their message before the public and the private sector’s rule will be, “THE PUBLIC BE DAMNED!”
    The overwhelming power of unlimited capital that can be used for lobbying and buying off politicians the media and other opportunists in the private and public sectors of our economy, and dictating to all americans the way we should think vote and act can only be described as the beginning of a fascist America where the private sector will rule with out the pretense of being a democracy. The direct Rule of finance capital has always been understood as the rule of FASCISM!
    If those of you that think that I am an alarmist with regard to what I have just written, will have a rude awakening when social security and all of our benefits and safety nets that are suppoed to protect us, especially during bad times are no longer regarded as desirable because they are a negative force against the maximizing of profits in the marketplace.

  2. This is a topic that I’m still doing my homework on. However, I’m pretty sure the demise of America due to capitalism as you describe is NOT what is going to happen. I’m pretty sure the private sector isn’t the one trying to overthrow the constitution. The Obama administration and the liberals in congress and the senate are DEMONSTRABLY circumventing and destroying the constitution. The private sector just wants to do business. If they do good business, people buy their products, and they make money. If they don’t do good business, people don’t buy their products, and they go out of business. The only time that model is upset is when the government interferes and begins to subsidize failure. AMTRAK, GM, Leman Brothers, AIG, etc. are perfect examples. When government interferes, NOTHING works well.

    One thing I’m pretty sure of is that McCain/Feingold was a disaster. It stifled free speech and just shifted the money in politics so it came from other places. But this latest Supreme Court decision gives me reason for pause. On one side of the argument, it removes unconstitutional restrictions to free speech. On the other side of the argument, everyone will have a voice, but those with the money will have a much louder voice than others and simply drown out the voices of individuals. I’m pretty sure the liberal take on this as the end of the world is far to drastic, but I’ll have see some pretty good reasoning to make me think this is as rosy as others claim to to be.

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