Posted by
James Burns on Thursday, February 19, 2009 9:52:10 AM
With the "Spendulus" signed into law we need to see were we are going. I hear the cries of socialism all over the place and I do agree with those cries, but we have bigger problems than that. TARP and the other plans have allowed our government to become, bankers , automakers, insurance companies, and mortgage grantors. But with all of the plans and stimulus nothing has helped. The problem we are facing is going to be the United States going bankrupt. Look at California. The state of California is the eighth largest economy in the world, and it is crashing. California is broke. They will have a budget shortfall of approximately 40 billion dollars. Unemployment payments have stopped. People will not get their tax refunds any time soon. The state will soon have a problem making pay roll for it's employees. Funny thing is California is the most liberal state in the union as well. You can say that Arnie is a republican, but he really is not. He is into the California, liberal, spend alot mindset. The state spends millions of dollars caring for illegal aliens. Yes I said it, illegal aliens. California has the largets population of illegals in the United States. The illegals get better benefits than the citizens. Free health care, welfare, food stamps, etc. Oh yeah and they do work, but being illegal it's usually government not included. So they get paid both ways. These aliens usually don't pay any taxes so they are a burden to the state not an asset. These people need to be rounded up and sent back over the border. Sorry if I am sounding intolerant, but if I, a Florida resident who pays taxes, now has to have my tax money sent to California to bail them out for fiscal irresponsibility. Then I say someone needs to take control. The liberal mindset of spend alot, land of entitlements is not working. We need to take care of our own.
Now this doesn't only include California, New York is also in a bad way. Since taking office David Patterson has raised numerous taxes to try and get money to the state government for it to survive. Do you see a pattern here with my two examples? The two biggest most liberal states in the union are on the brink of collapsing financially because of government overspending and fiscal irresponsibility. Our liberal led government is looking to spend us into oblivion, just like Californoia and soon to be New York. With the 780 billion dollar spendulus plan is only the beginning. Soon no one will lend us the money anymore to fund our country. China is having problems of their own and have already stated that they will not lend to the US anymore. Our credit as a country is running dry. If we print the money, then it will devalue the money we have, driving inflation into double digits. This will only drive the recession further down. We saw that in the seventies with Carter. Double digit inflation caused people not to spend making the recession deeper.
So with all this spending we can look to California and New York to see were we are going. Spending to stimulate and grow an economy does not work. Putting us as a country further into debt to try and stop the bleeding is irresponsible. History has shown through out that this type of program does not work. It just seems that the mindset is "their plan may not have worked, but because this is my plan it will work." Problem is that government has changed very little. No matter how well the plan looks on paper, our rocket scientists in the government will always find a way to mess it up. This is just how it works. So get ready, our country is going to be broke and going bankrupt soon. What country will repo us for all the loans that go unpaid? Only time will tell.