Prophetic Words from George Washington

History Repeats Itself - Prophetic Words from George Washington.
 
I received this quote from a contributor – stunning in its relevancy for today... History repeats itself.


 "I am sanguine in the belief of the possibility that we may one day become a great commercial and flourishing nation. But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money, or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in it's infancy. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice."

George Washington
Letter to Jabez Bowen, Rhode Island 1787.

Timely, because I have just finished a book about the first president and founding father of the United States of America – George Washington.

Most timely because of the economic disaster facing the United States today under the present Obama administration.

China owns the bonds on which paper money is based. They have recently warned the US to slow down on spending, that's because they understand economics (that's how they came to own all those bonds). There is a very serious economic situation in the US

I can here the howl from the rabid left- "but what about the Bush era! We (the Dems) inherited the huge debt from Bush"

OK - but Obama is president now - he is the chief executive of the United States of America.

There's no compunction for President Obama to triple or quadruple the debt (what comes after quadruple - quintuple then sextuple?).

Obama has a majority in the Congress ... the Congress is responsible for finance ... 'the buck stops here!'. Or at least it should - that is the meaning of executive office - Obama is now the executive officer of the US. Its up t hin to address the issue ... not make it worse.

Obama said (to paraphrase) - "hey! all you old guys of the previous administration stop talking, we're in power now let me (Obama) do the talking."

Obama supporters can NOT blame the GOP for what happens during the Obama administration. However, Obama himself is creating massive problems by his gadfly economic policies. (heard about pork-barrel budgets?)

This administration must live or die on its policies.

So far it is true to the left's ideology of: "Tax and Spend" and "Increase Government control at all costs".

Here in Canada we know what increase of government means from years of Liberal government - here's how it works:

• Liberal government creates more government programs
• Which requires more government administrators for the programs
• Results in more jobs created by the Liberal programs
• Results in more workers indebted to the Liberal programs for their jobs
  
• This results in more Liberal in favour of those programs to keep to keep their jobs
• So that means more votes for the Liberal party
• Which keeps the whole rotten stinking thing going

Final result - no money to pay for it, resulting in economic decline.

Maggie Thatcher:
"The problem with socialism is that you eventually run out of other people's money."