Let me be sure I understand this. On top of the original bank bailout of $700 billion came the $800 billion stimulus (which included nothing directed to help the biggest job generator in the nation, small business). Then yesterday the House passed a $410 billion spending bill with almost 9000 earmarks that President Obama in his speech the other night said would no longer be acceptable. Now comes word that we're going to spend almost a billion dollars to rebuild Gaza. On top of that the administration is putting together a plan to revamp health care that will cost another $640 billion just to get it started.
By the time this is all done we will have spent trillions of dollars that we don't have. I'm not a politician so I don't understand how you can just keep spending money you don't have, but I know if my family did this on our credit card we'd eventually lose everything we have. I also know if my neighbor did this I'd conclude that he's insane. Bernie Madoff ruined hundreds of lives and is going to prison for doing something just like this. Yet the Democrats, along with of a handful of Republicans, are doing pretty much the same thing.
Set aside the folly of nationalizing health care, subsidizing Hamas, wasting money on earmarked lard, and bailing out people who chose not to play by the rules, there's simply no way we can pay for all this without either inflating the currency, and/or piling ruinous debt on our children and grandchildren, and/or raising everyone's taxes.
President Obama says that only the very rich are going to have their taxes raised, but if he's to be believed, which I'm beginning to doubt more everyday, that still leaves us trillions of dollars in debt. In other words, the Democrats in Congress and the White House are leading this country toward a massive train wreck, and all much of the media seems to be able to do is make fun of Republicans, like Louisianna governor Bobby Jindall, who don't want to go along for the ride.
It's time to pray.
RLC