Showing posts with label Unfunded debt. Show all posts
Showing posts with label Unfunded debt. Show all posts

Thursday, April 23, 2020

The Most Savage Political Ad You’ll Ever See ~ Ep. 1233 ~ The Dan Bongino Show®

From the Dan Bongino Show's description of this episode on youtube.com/Bongino or in his Show Notes:
In this episode, I address the disturbing reason some politicians are pushing for continued economic shutdowns. I also address President Trump’s bold move on immigration, and the pathetic Democrat response. Finally I address some new information on the Spygate scandal which debunks a persistent liberal narrative.
Here is one of my major take-aways from this episode, and it may be a little different than what Dan concludes. Not much different, though. Yes, it seems very likely that Demonicrat governors are holding out for bailouts, and that is true. But, there is a much more sinister intent, which would be to ruin the economy as much as possible, to hurt President Trump in the election this Fall. How the governors are extending this, while trying to sound like they are doing something good, is to request more testing and tracing to others that could have been infected, which really accomplishes nothing, as Dan explains.

Because I didn't get this blog posted until now, I am way behind!  In the interest of getting caught up, I want to get you to the video of this episode right away.  But, make sure you watch to the end of the show, so that you see the Trump campaign ad that totally demolishes Nancy Pelosi.

Monday, September 27, 2010

Cruising toward destruction ~ By Patrice Lewis

Remember these words you will hear people say: "It can't happen here." Patrice Lewis, in this very powerful column, discusses what is happening in America, and how it parallels Austria in the late 1930's. This column will discuss facts that are based on a column, "Don’t Let Freedom Slip Away," by Kitty Werthmann.

First, Patrice writes about what happened in Austria in 1938 and how it got started, summarizing Kitty's column:

A broken economy is what started the Austrians down this path. Hungry, unemployed and scared, they voted 98 percent to annex Austria to Germany and have that guy with the funny mustache solve their problems. After all, he had all the answers.

And at first, it worked. Unemployment virtually disappeared. Everyone was fed. Women received equal rights. Then education became secularized. Compulsory service in the labor corps was implemented. Daycare became available 24/7. Health care became socialized and free. "All day care and education were free," writes Werthmann. "High schools were taken over by the government, and college tuition was subsidized. Everyone was entitled to free handouts, such as food stamps, clothing and housing." Anyone who said something against the government was taken away. Undesirables were euthanized. Guns were registered and later confiscated.

Tra la la, does this sound familiar? Does anyone on the progressive side of the spectrum see the eerie similarities, or do they still claim it can't happen here?
Okay, maybe that just sounds so implausible. Euthanization? That could never happen here in America! (Of course not. In America, they just take people off life support because the insurance company won't pay for it after a short period of time.)

But, never mind, because there are other things that were done in Austria, and are pretty much being done now, here in America, that don't sound quite so implausible. From her column, Kitty describes how the economy was being run after the Nazi's took over:

We had another agency designed to monitor business. My brother-in-law owned a restaurant that had square tables. Government officials told him he had to replace them with round tables because people might bump themselves on the corners. Then they said he had to have additional bathroom facilities. It was just a small dairy business with a snack bar. He couldn’t meet all the demands. Soon, he went out of business. If the government owned the large businesses and not many small ones existed, it could be in control.

We had consumer protection. We were told how to shop and what to buy. Free enterprise was essentially abolished. We had a planning agency specially designed for farmers. The agents would go to the farms, count the live-stock, then tell the farmers what to produce, and how to produce it.
Well, again, let me just repeat what Patrice had written above: "... does this sound familiar? Does anyone on the progressive side of the spectrum see the eerie similarities, or do they still claim it can't happen here?" Just sayin'...
Once upon a time, there was a solution to this inevitable collapse and subsequent totalitarianism. That solution was to toss out the massive bureaucratic nightmare into which our government has mushroomed, and instead embrace the streamlined plan originally outlined when our nation was founded.

Sadly, I fear it is too late. Our debt is too high, our entitlements too entrenched and our apathy is too deep. And the "funny" people with all the bright ideas are already in place. For citizens caught up in this unfolding economic nightmare, I can only suggest you Pray, Prepare and Participate.

The Pray and Prepare parts are obvious, but what do I mean by Participate? I mean vote. Rally. March. E-mail. Don't let our guns, our speech and our other freedoms dissolve any more than they already have. Watch out for funny guys who promise solutions to all our problems as long as we give up something in exchange.

Remember, please remember, that those who fail to learn from history are doomed to repeat it. I really don't want to live in 1938 Austria.
Cruising toward destruction

By Patrice Lewis

Posted: September 25, 2010 ~ 1:00 am Eastern

© 2010



The Titanic
My husband and I have always wanted to take a cruise to Alaska. Sounds fun, doesn't it? The luxury, the scenery, the freedom from responsibility. Despite the fact that we couldn't afford it, we decided to borrow money to take a cruise.

Well the cruise was wonderful, though now we have to borrow money to make the loan payments on the cruise, as well as borrow more money to make the interest payments on the loan. But we loved that cruise so much we're booking another one next year. It's OK, we can borrow the money. We plan to take another cruise the year after. And the year after that. And the year after that.

Meanwhile, we'll blame someone – anyone – for the fact that we're so deeply in debt. I think I'll blame, um, my brother. It's not our fault that we can't stop ourselves from digging the debt hole deeper, or that much of the debt is incurred for frivolous reasons. It's my brother's fault.

What's wrong with this picture? If you're the federal government, apparently nothing.

We now know that the actual figure of America's debt is much higher than the petty and trivial sum of $14.3 trillion given by the Congressional Budget Office. And make no mistake, $14.3 trillion is not pocket change (for a knock-you-flat visual of a trillion dollars, click here).

"The Government is lying about the amount of debt. It is engaging in Enron accounting," says Laurence Kotlikoff, an economist at Boston University. That's because the CBO doesn't count the euphemistically called "off-budget" obligations like Social Security and Medicare. (This is like my husband and I deeming our mythical cruise payments to be "off-budget" in our yearly expenses.)

So how much does our nation owe? Mr. Kotlikoff says the debt is actually $200 trillion – 14 times the "official" amount. That's a lot of cruises. And our nation is taking more and more trips.

Does this sound sustainable to you?
Sinking the Good Ship America

Of course not. How can America possibly pay back $200 trillion? It can't. Sooner or later the people who keep lending us money will stop. When that happens, I see no possible alternative except a collapse of our national economy.

The danger of a financial collapse goes beyond the day-to-day struggles of Joe Sixpack. The danger is that Americans will look for solutions in all the wrong places, the same way Germany and Austria looked for solutions to its debt and inflation problems in the 1930s. Their solution took the form of a failed artist with a funny mustache who told people what they wanted to hear and promised to make it all better by blaming someone else. (The Jews were a convenient target since my brother wasn't born yet.)

In 1938, an Austrian woman named Kitty Werthmann was an eyewitness to the creeping totalitarianism of Hitler's Germany. Now living in South Dakota, she wrote an eerie and horrifying account of what happened during her childhood. It's easy to understand the horrifying part. But it's eerie because we are following, virtually word for word, the same path in this country, albeit at a slower pace.

"Totalitarianism didn't come quickly," writes Werthmann. "It took five years from 1938 until 1943 to realize full dictatorship in Austria. Had it happened overnight, my countrymen would have fought to the last breath. Instead, we had creeping gradualism. Now, our only weapons were broom handles. The whole idea sounds almost unbelievable that the state, little by little, eroded our freedom."

My final thoughts on this column with the help of a classic cartoon from 50 years ago: "Watch out for funny guys who promise solutions to all our problems as long as we give up something in exchange."



Oh, before you go, just one more thing. When you hear them say, "It's for the children," be afraid. Be very afraid. This is the elixir of the snake-oil salesman. Don't give up your freedom in exchange for government promises to take care of you from cradle to grave.


Video provided by TheREALjohnny2k

UPDATE 09.28.2010 ~~ I found a RELATED STORY that I had posted on August 9, 2009. The story seems to illustrate the danger that is facing this country as stated in this column by Patrice Lewis:
Red Alert! Infowars under direct attack by Obama Brownshirts



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Wednesday, March 24, 2010

Bankrupting our posterity ~ By John Stossel

We're in big trouble folks... Or, should I say our children and grandchildren and future generations are going to be in a real bad situation? John Stossel explains the huge challenges and the lack of good solutions. We can't tax our way out, we can't borrow our way out, and we can't just print money without high inflation. So, now what?
Our forefathers would be appalled. After the American Revolution, when the new government was debating how to pay its bills, George Washington said this about a national debt: "We should avoid ungenerously throwing upon posterity ... the burden we ourselves ought to bear." Well, we sure are dumping my generation's debt onto posterity. I wish we had more politicians like George Washington.

By John Stossel

Posted: March 24, 2010 ~ 1:00 am Eastern

© 2010



Bernie Madoff took money from people who thought he'd invested it, gave some to others who thought it was a partial return on their earlier investments and kept much for himself. That's called a Ponzi scheme, and his $50 billion fraud was called the biggest ever. But it wasn't the biggest. Social Security and Medicare are much bigger ones.

These are trillion-dollar scams. Medicare has a $36 trillion unfunded liability. Social Security's is $8 trillion. There's no money to keep those promises.

But Congress isn't investigating this scam. Congress runs it. That FICA money you thought government had saved for your retirement is gone. There's nothing left but IOUs backed by nothing. Your money was spent not only on current retirees but on wars, welfare, corporate bailouts, earmarks and all the other stuff Congress wants. For years, this was possible because the FICA tax brought in surpluses that allowed government to pay retirees more than they contributed and still help buy those other things.

Those days are gone. The huge group of baby boomers has started to retire, and that means trouble. In 2008, for the first time, Medicare paid out more than it took in.

So instead of filling the government's coffers and hiding the real size of the budget deficit, the entitlement programs have now begun to drain the treasury. Part of the "problem" is that we live longer. When Social Security started, most people didn't live to 65. Now we average 78.

This means that baby boomers like me who expect to collect Social Security and Medicare are basically stealing from children.

Think of the burden: When I was a kid, there were five workers for every retired person. Now, there are only three. And soon there will only be two young workers to fund each baby boomer's Social Security and Medicare checks.

READ FULL STORY at WorldNetDaily.com

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