My eleven year old son’s eyes lit up when he saw the $1 million dollar bill lying on my desk. He was visibly disappointed when I told him it wasn’t real, but he made the next leap in logic by asking me if we could simply Xerox real money to buy what we needed and wanted. I explained the concept of counterfeiting and why it was illegal.
I stopped short of trying to explain to him why it was okay for our government to print money and purchase our own debt. My eleven year old son is now armed with more economic intelligence than those ineptly leading our once great nation.
Our National Debt march inexorably toward $17 trillion with no sign of abating [or 70 Trillion according to University of San Diego economists]. We are currently monetizing our own debt to the tune of $85 billion dollars a month thus artificially propping up the stock market while simultaneously driving down the value of our dollar. “At the end of 2008, the Federal Reserve held $475.9 billion worth of U.S. Treasury bonds. Today, Fed holdings of U.S. Treasury bonds have skyrocketed past the 2 trillion dollar mark”. How much longer can Congress and the President put us, the American people, at risk by turning their backs on profligate spending and a flagrant disregard for economic common sense?
The president and his sycophants in the Senate are perpetuating and lording over an economic house of cards that will eventually have to collapse. The following quote is prophetic. “A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.” – Attributed to Alexander Fraser Tytler (1747-1813), Lord Woodhouselee, Unverified –
In the face of disastrous fiscal irresponsibility, Obama imperiously said, “Because it’s called raising the debt ceiling, I think a lot of Americans think it’s raising our debt. It is not raising our debt. This does not add a dime to our debt.” Even a diehard Democrat has to ask himself, “Did any of that make sense?” Oh, how I wish I could apply our Imperial President’s pretzel logic to my own family finances.
We are in the midst of an economic collapse, and we do indeed have an Imperial President exercising unrighteous and unconstitutional dictatorial dominion over his subjects. He continues to violate his oath of office by circumventing the Constitution—an impeachable offense. He has emasculated the Legislative Branch of government by illegally enacting laws through imperial fiat without the “advice and consent” of Congress—another impeachable offense.
It’s difficult to find an appropriate conclusion to this essay. There is so much that is broken at the State and Federal level; it’s difficult not to be overwhelmed by discouragement. At the same time, we cannot give up. Keep championing Conservative Values. Write your Senators and Representative. Demand they support smaller and less intrusive government as well as fiscal responsibility and common sense. Above all, insist they defend, uphold, and obey the Constitution. We can no longer sit idly by; “We, the People” can restore this Country to its former majesty and glory, but we have to rise up and act.
The hour is grave because of what we have forgotten.
And now there are two (er, three?). Did it matter which? After watching the debates, it seems being AGAINST Liberty is now a campaign technique. And the winners are . . . (not the Bill of Rights).
Target date is 2030
Take a failed issue. Give it a righteous new name. Get people begging for government salvation. Ram the details through in secrecy. Paranoid indeed.
A must read: on the surface it is about the people who work behind the scenes for Trump. More deeply, it is an expose on the way the world really works. How are we brought to believe what we believe?
FIA acquired emails document favorable treatment for favorable treatment
How do banks keep fees high and rates they pay low despite "Competition"? They're all owned by the same people.