Friday, May 29, 2009

Something Wicked This Way Comes

Wo shang mei er, mei xin, bian shi tou. Please God, make me a stone. - River Tam, Serenity
We are all going to enter into a new and devastating world sooner than we wish and our children and grandchildren will be the ones bearing the burdens of today's willful ignorance. USA Today reported that the current US debt has risen another 12%, to a whopping $63.8 trillion, and the destructive spending coming from Washington and the cretins who dwell there shows no signs of slowing. The new President is more than willing to not only continue spending, but to add more trillions of dollars in debt to further his destructive socialist agenda.
The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That's quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

"We have a huge implicit mortgage on every household in America — except, unlike a real mortgage, it's not backed up by a house," says David Walker, former U.S. comptroller general, the government's top auditor.

USA TODAY used federal data to compute all government liabilities, from Treasury bonds to Medicare to military pensions.

Bottom line: The government took on $6.8 trillion in new obligations in 2008, pushing the total owed to a record $63.8 trillion.

The numbers measure what's needed today — set aside in a lump sum, earning interest — to pay benefits that won't be covered by future taxes.
Despite these numbers, which the politicians must know about, unless they are blind, deaf, dumb and illiterate, Obama and his regime plan on saddling us with a multi-trillion dollar "health care" system, as well as other programs that will push this country, and everyone in it, further into soul crushing debt. Children as yet unborn will enter the world 10's, if not 100's of thousands of dollars in debt. They will spend their lives in toil to repay a the money that politicians and their supporters saddle them with today. They shall live, work and die as debtors for the governments follies.

Even if the government were to tax everyone at 100%, this debt would never be able to be repaid. This country may be left with no other recourse than to repudiate the debts foisted on us by this and past regimes and declare bankruptcy as a nation. That is something we are likely to never recover from.

The people leading us to this fiscally irresponsible horror have no care for the future, beyond maintaining their power through the broken electoral system. They will continue their assault on us, despite the fact that The Great Leader admits that the country is broke. When and where will it end? We will either have to harden our hearts and become stones to bear this or it will end in violence when no more may be borne by the peasantry.

We may well be past the point where there are "libertarian" or "conservative" or any political solution for this. Ceasing spending alone is not the answer. That $63.8 trillion will still be out there hanging over our heads like the sword of Damocles. Only a dismantling of government, programs and entitlements will have any effect. Even that is unlikely to do the job, since people will inevitably wish for "pragmatism" and a slow dismantling, (which is unlikely, as they'll wish to maintain their power base and the bureaucracy).

I fear for my children and theirs to come. The world they will inhabit will be vastly worse than that we once inhabited. Thanks entirely to politicians and their quests for power.

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