We’re distracted in many various ways by the liberal progressive media. Their attempts to keep the American masses under some inane state of mindlessness or faux rage becomes more and more evident with each passing week.
I remember how the progressive socialist world went apoplectic because I stated the left has a propaganda machine that would even make Goebbels proud. I made that statement due to a member of the leftist media asking what I thought about a recent poll that showed many Americans believed the GOP controlled both houses of Congress. At that time, the GOP only had a majority in the House of Representatives. As predicted, the leftists ran stupid because they believe themselves to be the purveyors of what can and cannot be said. Their aim was to promulgate their coordinated media message that I was comparing the Democrat party to the Nazis. It’s just that it’s the media’s cultivation of mass hysteria that’s enabled the left to dominate the American political intelligence quotient. This is a purposeful endeavor, and anyone challenging them and illuminating the American people to the contrary is the target of their angst and their assault.
Well — with all due respect — they can “kiss my grits.” There are so many hard truths the liberal media’s avoiding and we all know why. I’d love to do a “man on the street” interview about the current Iranian negotiations vs. the Confederate battle flag and compare the general public’s awareness of each.
One of the hard truths the media seeks to sidestep is the fiscal state of the Union. They fail to cover the fact that when Barack Obama took office, the debt of the United States was $10.67T; today that debt’s exploded to $18.3T. However, there’s an even greater concern when we include the unfunded liabilities of the mandatory spending side of our budget. The mandatory side of the budget, as opposed to the discretionary side, includes Medicaid, Medicare, Social Security an net interest on the debt — what we’ve borrowed. That number expands Americans’ debt to nearly $100T. This is a great concern. All estimations point toward United States debt close to $20T at the end of Obama’s presidency. I want everyone to understand what that means: Barack Obama will have singlehandedly added more debt to the United States than all previous presidential administrations combined.
Now, for the liberal progressive media to not report this fact at a time when’re witnessing the financial collapse of Greece — and soon could be Portugal, Italy and Spain — is unconscionable. This is indeed a masterful manipulation of existing truth, which we must not be afraid to castigate as Goebbelian and Orwellian. And I’ve no fear in doing so.
The news about our debt is just not promising — in fact, it’s downright alarming. Perhaps we should be talking more about this, rather than what Donald Trump said three weeks ago. As reported by CNSnews.com:
Testifying in the U.S Senate yesterday [Friday], Congressional Budget Office Director Keith Hall warned that the publicly held debt of the U.S. government, when measured as a percentage of Gross Domestic Product, is headed toward a level the United States has seen only once in its history—at the end of World War II.
To simply contain the debt at the high historical level where it currently sits—74 percent of GDP—would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).
Historically, U.S. government debt held by the public, measured as a percentage of GDP, hit its peak in 1945 and 1946, when it was 104 percent and 106 percent of GDP respectively.
In 2015, the CBO estimates that the U.S. government debt held by the public will be 74 percent of GDP. That is higher than the 69-percent-of-GDP debt the U.S. government had in 1943—the second year after Pearl Harbor.
By 2039, CBO projects, the debt held by the public will increase to 101 percent of GDP and by 2040 to 103 percent GDP. At that point, Hall told the Senate Homeland Security and Governmental Affairs Committee, the “debt would still be on an upward path relative to the size of the economy.
What y’all must understand is that the “publicly held debt” is the current $18.3T number; it does NOT include our unfunded liabilities. What this clearly states is that our economic growth, as measured by GDP, is stagnating. Now some of you will say, heck, they’re talking about 2039 — well, folks, that’s only 24 years from now. I plan on staying healthy — much to the chagrin of the progressive left and in defiance of Obamacare — so I’ll be 78. However, my daughters Aubrey and Austen will be 46 and 42, respectively, in 2039. What will I be leaving them and their children?
You can bet the liberal progressives will embrace more and greater taxation as a means to rectify this situation. After all, if those pesky one-percenters would just pay their fair share and spread their wealth, we could have shared prosperity and can sit around in a socialist utopia sharing misery rather than success. This is what the media should be sharing with the American people. This is what we should be pounding all these presidential wannabes about: the simple question of how would you stimulate free enterprise/opportunity economic growth in America. Instead, we get the promulgation of the pop culture liberal media approved message — like I really could care about Bill Cosby right now when I see a financial crisis on the very near horizon. It was former Chairman of the Joint Chiefs of Staff Admiral Mike Mullen who declared that the greatest national security threat to America is our debt. Last Thursday, nominee for the same position, US Marine Corps General Joe Dunford, Jr, declared Russia his greatest concern. These men have it right on both counts — and here’s the interesting relationship.
If we had a stronger economy, we’d be in a far better position to defeat the dual adversaries of our debt and Russia. One of the key aspects to both is our energy security and development. Our energy sector growth has been a preeminent contributor to our economy’s ability to survive under the grueling conditions of the Obama administration. If we can economically restore and strengthen America, we can challenge Russia, China, Iran and the global Islamic jihad. But if we continue on the path of greater debt, then we won’t have a government capable of its core responsibility — providing for the common defense. Therefore, in order to focus on “nation building at home” — when we shouldn’t be nation building anywhere — we cut 40,000 soldiers at the most precarious and volatile time for global security.
Now you can bet your paycheck the liberal progressives who monitor this site will focus on the distraction, the sideshow. They won’t seek to engage in a discussion on how we return to fiscal, tax, regulatory and monetary policy that grows our economy. Policies of moving toward flatter taxation — individual and corporate — in order to unleash entrepreneurial growth and, therefore, increased revenues for America. Sadly, the progressive socialist leftist mind is stuck on stupid and only believes economic growth comes from raising taxes for “increased investments.”
Hey, next time one of these lefties talks about government investments — just ask them, what’s the rate of return on an investment in $18.3T of debt?
http://allenbwest.com/2015/07/while-liberals-distract-with-flags-and-racism-this-real-crisis-spirals-out-of-control/
No comments:
Post a Comment