The polices of this US Administration are vitally important to Canadians.
When Pravda Says You Are Too Liberal - you know that things are bad.
The deficit in the US has tripled in the first year of this administration. It is now three times what it was when Obama took office.
Why worry say some liberals? Well the answer should be obvious: foreigners hold nearly half the $7.5 trillion U.S. public debt. That means that the American taxpayers not only paid a massive $383.4 billion dollars in interest charges during the Obama's first year, but fully half of that money went overseas, without any benefit to the US economy whatsoever. Money down the drain - out the window - just to maintain the debt where it is.
$383.4 billion dollars in interest charges over the first year of Obama's administration; that averages to almost $32 billion per month in interest charges. Not one cent of that goes to schools, health care, roads, or to paying the ever increasing government payroll.
The data is taken from the US Treasury here
That $383.4 billion dollars is money that comes from the tax-payer; money that doesn't go to buying homes, paying off mortgages, or buying goods and services that help build the US economy. But here is the worst part - fully half of it goes overseas.
You have to be an ostrich if that doesn't frighten you.
BUT, it is going to get worse, because the Obama administration want to increase spending even more. There is the energy bill, the Cap and Trade bill that will add billions in costs to the economy, which must be born by industry and private citizens - it will be a disaster. (Millions of green jobs? Does anyone believe that?) Plus there will be a massive increase in costs to the US taxpayer as a result of the proposed health care reform in is current form, which will result in a further restriction on growth and recovery.
Cutting taxes helps the economy; increasing taxes slows down and stifles the economy.It has been shown in the past that the best way to stimulate the economy and create jobs is to cut taxes. A cut in employment tax for example, provides an immediate boost to industry, by reducing their costs. This produces a direct stimulus which acts fairly quickly. However, the current economic policy is exactly the opposite. That is why we should all be concerned; if the US economy falters the whole world will feel the effects. (Think of the huge amount of US aid that currently is distributed all round the globe; if the US economy is not strong how can they sustain this giving?)
The US with its massive spending is lagging the recovery of the rest of the world - not leading it. That should be proof enough. But tax and spend is at the heart of liberal dogma. It doesn't work but they are not about to let the facts get in the way of their liberal ideology.
Where are the conservatives in Canada? We seem to be complacent up here.
If the US economy falls - we will be drowned in the tsunami."The American Self Immolation, Truly a Sight to See" from Pravda:
It can be safely said, that the last time a great nation destroyed itself through its own hubris and economic folly was the early Soviet Union (though in the end the late Soviet Union still died by the economic hand).
Now we get the opportunity to watch the Americans do the exact same thing to themselves. The most amazing thing of course, is that they are just repeating the failed mistakes of the past. One would expect their fellow travelers in suicide, the British, to have spoken up by now, but unfortunately for the British, their education system is now even more of a joke than that of the Americans.
While taking a small breather from mouthing the never ending propaganda of recovery, never mind that every real indicator is pointing to death and destruction, the American Marxists have noticed that the French and Germans are out of recession and that Russia and Italy are heading out at a good clip themselves.
Of course these facts have been wrapped up into their mind boggling non stop chant of “recovery” and hope-change-zombification. What is ignored, of course, is that we and the other three great nations all cut our taxes, cut our spending, made life easy for small business…in other words: the exact opposite of the Anglo-Sphere.
That brings us to Cap and Trade. Never in the history of humanity has a more idiotic plan been put forward and sold with bigger lies. Energy is the key stone to any and every economy, be it man power, animal power, wood or coal or nuclear. How else does one power industry that makes human life better (unless of course its making the bombs that end that human life, but that's a different topic).
Never in history, with the exception of the Japanese self imposed isolation in the 1600s, did a government actively force its people away from economic activity and industry.
Even the Soviets never created such idiocy. The great famine of the late 1920s was caused by quite the opposite, as the Soviets collectivized farms to force peasants off of their land and into the big new factories. Of course this had disastrous results. So one must ask, are the powers that be in Washington and London degenerates or satanically evil?
Where is the opposition?
Where are the conservatives in Canada? If the US economy falls - we will be drowned in the tsunami.Where are the Republicans in America and Tories in England?
Read the "The American Self Immolation, Truly a Sight to See" here
Gurth Whitaker
Calgary AB
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