Obama Is Bankrupting America
|
Phil Staudt - not Republican, not Democrat, concerned, opinionated |
|
|
|
|
|
|
|
Phil Staudt - not Republican, not Democrat, concerned, opinionated |
|
PHIL STAUDT'S BLOG ARTICLES: |
|
Phil Staudt - not Republican, not Democrat, concerned, opinionated |
|
Obama Is Bankrupting America
by
Phil Staudt
They say Obama is new and we should give him time. But by the time they stop giving him time, we all may be slaves working in Chinese compounds making products for the Chinese who are going to rule us. It is time to stop the bleeding. I was hopeful that an Obama Presidency would be better for the economy than the Bush Administration, but I do not need to wait to find out how much more he wants to spend. Our country is being sold to the highest bidder, whether that happens to be international banks or foreign countries or the owners of the big media companies or the insurance companies or special interests. It is a liquidation and everything is on the chopping block. The Democrats are determined to outdo the Republicans with their wasteful spending with the government credit cards that belong to the taxpayers in the United States. These politicians are out of control running up wild amounts of debt. I do not like either of the two big political parties, but during the Clinton years were the only time in my 48 years that The United States did not run deficits or increase debt, in fact the debt was reduced. Clinton was ridiculed by so-called conservatives because he raised taxes for people in the highest tax brackets, and the Republicans went around and told everybody that because Clinton got elected that the economy was going down and we were heading for a depression because the wealthiest income earners had to pay a higher rate than the huge reductions they got in taxes during Reagan years, which is what caused huge deficits and increased debts during those years. But the economy was great in the United States during the Clinton years, and even business owners and people earning over $300,000 had to pay a higher tax rate, they were earning more money because business was good, and their net income after taxes was better than it is now. A year ago the big money makers in America were telling everyone that we were "talking ourselves into a recession" and that it was just a bunch a nonsense, because they were still making a fortune and they did not want change. But when the economy hurt them, because of taking care of just the highest earners and wealthiest and nobody else for eight years had taken its toll, then they started squirming and went on the war path. But, instead of doing things to make the economy good for everyone, they decided to join in the raid with Bush and rob as much from the American taxpayers as much as they could on their way out the door. The voters who got Obama into the White house are choosing to deny facts and common sense about the way Obama is ruining the economic future of our country, and they are acting like a girl who gets beat up by her boyfriend all the time and then says "but he is really a nice guy". Many of them probably don't even know the difference between a billion dollars and a million dollars and a trillion dollars. But I understand, because I have had some girlfriends in the past that spent my money without knowing the difference between a hundred dollar bill and a twenty dollar bill. The blind supporters of Obama are just as sickening as the blind supporters of Bush were. Now, Obama machine and the Democrat Congress are a runaway train. The popularity of Obama was extremely high when he started, because there were people like me that had hopes that his economic policies would be more like Clinton and take us closer to fiscal responsibility, but now there are a lot of Obama voters who are feeling a hangover after his first two months of partying with their money.
by
Phil Staudt
"We Can’t Run Deficits Forever" April 2, 2009 "Korda:
The debt debacle and what it’s costing us"
|
|
|
|
Phil Staudt - not Republican, not Democrat, concerned, opinionated |
|
PHIL STAUDT'S BLOG ARTICLES: |
|
Phil Staudt - not Republican, not Democrat, concerned, opinionated |
|
|
|
good night, and good luck. |
Categories: Obama Is Bankrupting America
Tags: budget obama clinton Republicans debt politics Democrats
It is absolutely incorrect to give Bill Clinton any credit for the great economy of the 1990s. Everybody knows how he spent his time in the White House
Reply to this
>>>"It is absolutely incorrect to give Bill Clinton any credit for the great economy of the 1990s." >>>
Very true, but the fact that the highest earners paid more taxes during Clinton years contributed to the debt being paid down during that time, instead of running bigger deficits. Without pressure from Newt Gingrich and his "contract with America", the Democrats during Clinton's Presidency would have spent more and racked up debt and blamed it on the mistaken policies of prior Republicans, the same way Democrats are doing now. However, not only do Republicans not have Newt Gingrich now, but their track record of spending, when they controlled everything a few years ago, makes anything Republicans say today about racking up debt a joke. Unfortunately, the voters, Republican and Democrat alike, do not care about debt, which is right where the politicians want us.
Reply to this
Thanks for the article! I hope the author does not mind if I use it for your coursework.
Reply to this