Saturday, March 27, 2010

Welcome to the Madoff economy ~ By Pat Boone

Pat talks about the similarity between the budget deficits and Bernie Madoff's Ponzi scheme.
You can't change gravity. And you cannot go on spending trillions of dollars you don't have, and just expect "everything to turn out all right." You can't solve human problems with worthless pieces of printed money, backed by nothing but wishes and impossible promises.

Thomas Jefferson warned, "Honor, justice, and humanity, forbid us tamely to surrender that freedom which we received from our gallant ancestors, and which our innocent posterity have a right to receive from us. We cannot endure the infamy and guilt of resigning succeeding generations to the wretchedness which inevitably awaits them, if we basely entail hereditary bondage upon them."

Citizens, this battle has been forced upon us. Let's get it on.
By Pat Boone

Posted: March 27, 2010 ~ 1:00 am Eastern

© 2010

A little rebellion now and again is a good thing.

– Thomas Jefferson

Less than three weeks ago, Speaker of the House Nancy Pelosi cooed, "We have to pass the bill so that you can find out what is in it."

Yes, she said that! Right out loud, on national TV. She indicated that she herself didn't know all that the 2,700-page health-care bill contained or mandated – but that she was determined to cram this atrocity down the throats of Americans, before they (or she) learned what it would contain or cost them.

There's a kind of wild ferocity in her manner. Oh, it's softly modulated, but absolutely determined, and nothing was going to deter her quest to deliver this prize for President Obama. Sounding for all the world like an earnest Avon lady selling you her products, she told every audience and the members of the House that this bill was not only patriotic, historic and needed – but would decrease the deficit! And you could have sworn she actually believed it.

She wanted all of us to believe that, having added almost $3 trillion to our national debt, with no one to pay it but us beaten down taxpayers, somehow this monstrosity was going to magically reduce itself! That the American public should rejoice with her that virtually all 300 million of us were going to have fabulous health care, courtesy of the government, including 14 or 15 million illegal aliens and several million others who actually don't want it. And that her Congress could take $500 billion out of Medicare while it tried to serve the 30 million more baby boomers who are entitled to it … and that over 10 years this scheme would result in over a trillion dollars in savings.

I'd like to ask the speaker how she would feel about the following scenario. I don't know her net worth, but am reliably informed that she and her husband might be worth 30 or 40 million dollars, conservatively. So, one morning she learns that a Republican Congress has enacted a giant bill that compels her to accept a $200 million personal indebtedness, and she can't do anything about it. But the good news: This debt will enable the government to extend all kinds of goodies to aliens and homeless and some welfare recipients who haven't even tried to work in years – won't she be deliriously happy about this?

The money is going to such a good and noble cause, and the Congress promises that in 10 years or less, her debt will somehow decrease to only $150 million. And everybody knows how efficient and dependable the government is with the programs it manages. Do you think Lady Speaker would keep her motherly composure and earnest compassion, finding out that her long-cherished $40 million fortune was absorbed into a $200 million debt?

Well, that's what has happened to every American citizen as this gigantic, preposterous bill has been railroaded through a Democratic Congress and signed into law by an inexperienced president determined to "save his presidency," no matter what.


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