With Obama, Ignorance Is Not Bliss
Well, boys and girls, it’s just about time to elect a president for the next four years. We have two candidates with stark differences: Romney, a self-made millionaire with a traditional approach to our economy, and Obama, who has spent four years in trial and error ineptness on the verge of destroying our country. There are far too many egregious acts of incompetence to address here, but let’s discuss one of the two that are not repairable when Obama is gone.
Before we examine the most extreme Obama failures, let’s review some firsts for him. Under Obama’s watch, we have the most people in poverty ever, the most people on food stamps ever, the worst recovery in history. He has borrowed and wasted more money than any other person in the history of humanity and accomplished this in only four years. Under Obama, we have had the longest time with unemployment over 8 percent, the highest black unemployment rate of 50 percent, a period in which many college graduates have no job. Obama has created the largest tax in the history of the United States with Obamacare, $260 billion per year, three-quarters of which is paid by the middle class. He is the first president to abridge the constitutional rights of religion, the first president to preside over a downgrade of our debt, the first president to unilaterally allow two million illegal aliens to have the same rights to jobs as the 24 million Americans out of work. He took a half trillion dollars out of Medicare to fund Obamacare. The yearly compliance to meet all new Obama regulations on businesses starting next year is $1.8 trillion, which is 20 times what Obama said it would cost
As sickening as this list is, two directions that Obama is taking will not be reversible: the crushing debt he has accumulated and his sheer incompetence in foreign policy.
In four years Obama will increase the national debt by just about 60 percent. The debt is now over $16 trillion and it’s on a rocket going straight up. Remember Obama’s promise? “I will commit to cutting the deficit in half in four years.” Not only did Obama not cut it at all, he quadrupled the deficit.
To get a better understanding of Obama’s vision of future spending, let’s examine the two budgets he prepared in four years. The budgets in the House and the Senate received zero votes. And why was that? His 10-year plans all had more than a trillion dollars of new debt annually that never ends.
Obama has made it crystal clear that he will keep borrowing in excess of a trillion dollars per year. He will not stop spending as much money as he can humanly tax and borrow. Let’s remember that under Obama the United States has had a downgrade of our debt. The lower the credit rating, the higher the interest rate, just like your mortgage.
Given the facts at hand, let’s now project what another four years of Obama will do. There is no evidence that Obama will have any reason to borrow less and every reason to borrow more. There are bound to be some devastating results. For example, if you are 54 years old or younger and you think Social Security and Medicare are going to be there for you, you don’t live on Long Beach Island; you live on Fantasy Island. Food stamps and Medicaid will be on life support. Think it can’t get worse?
It gets worse. Right now we have a perfect storm, Obama doing everything humanly possible to destroy the economy and Fed chairman Bernanke printing trillions upon trillions of dollars. Bernanke says he’ll keep printing money until he sees a recovery. Did anyone remind Bernanke that as long as Obama is in office there isn’t going to be one? So what finally happens when Bernanke has added untold trillions to the money supply? We have the most consuming inflation in our history – another first for our feckless president
What is happening is called monetizing our debt. Countries loan us money when a dollar is worth a dollar, then we pay them back when a dollar is worth 40 cents. Because world oil is priced in U.S. dollars, Obama gets us $6 gas. Prices for energy and food will have a devastating effect on the poor and the needy.
When the party is over and we have a $22 trillion bill, what exactly do you think happens? You don’t have to speculate. Just look at what’s happening in Greece or Spain. These countries have 24 percent unemployment, Draconian slashing of government budgets, people rummaging through the garbage for food, people rioting in the streets.
I’m not trying to be a scaremonger, but look at the Arab countries. Look at the riot videos. What do you see? Do you see any old people? The streets are packed with 20-year-olds who have 50 percent unemployment. They have absolutely nothing else to do with their time. While that scenario is extreme, here in the United States combine 20 percent unemployment among some sectors, the government being broke, the largest single line item expense in the budget being the interest on the Obama debt, huge decreases in entitlements, illegal aliens taking Americans jobs, and then add the 200 million guns known to be in the country.
The second irreparable harm that Obama is inflicting on this country is his breathtakingly naïve foreign policy. That’s a whole other story, but for now it is safe to say Obama and Hillary Clinton signed that poor ambassador’s death warrant because of pure stupidity. Up to and including the U.N. meeting, Obama is still telling the world that these people died because of a movie. Sheer nonsense!
Will Bowman lives in Surf City.