Debt

The Debtor Nation

I ran across this site today while watching the rebroadcast of a news segment from Wednesday night. US Debt Clock.org—This is a frightening disclosure of where we have placed ourselves as a nation over the last 75 years.

It is totally and utterly irresponsible of anyone who has been given a mandate to honorable hold elected office to discuss doing anything that would worsen our financial problem as opposed to addressing ways to correct it.

Yesterday on the Rush Limbaugh Show, Rush talked about The Purposeful Destruction of American Capitalism. He mentions several things in the article that should jump out at every remotely intelligent, freedom loving American (I may have just disqualified millions of people):

• GDP declined 1% in 2nd Q 2009


• CBO projects 2.3 million more will be unemployed next year—which by the way would put unemployment over 10% and real unemployment over 17%


• Current budget projections estimate a $9 trillion deficit over the next ten years—add that to the current $11.7 trillion debt!


• A financial crisis that will make last fall look like a picnic is no doubt the end game if the completely reckless policies that are being put in place are not reversed and remedied.


• A complete financial crisis would justify certain radical reforms in tax policy, i.e. confiscating the wealth of anyone who makes more than $xxx,xxx (a number which is consistently becoming smaller and smaller.)

So the underlying impetus behind this systematic destruction of our financial system and the government's financial integrity is to allow the state a justification for total wealth redistribution.

Tax Reform

I think it is safe to say that most Americans are in favor of tax reform. Very few people could make a sound argument in favor of the status quo; however, there are some who want to follow the Marxist model and implement "A heavy progressive or graduated income tax.",which we already have to a certain degree, but these people would take it to an extreme. The article that Rush was quoting is entitled Obama and 'Redistributive Change' by Victor Davis Hanson, and I strongly encourage you to read this article and pass it along to all those you know.

I too am in favor of tax reform, but I hope that we can accomplish it on the merits of the proposal and the logic behind its benefits and outcomes. The tax reform we need must give power back to the people, it must free the engines of progress and innovation, and it must raise enough capital so that we can get ourselves out of this death sentence we have and are creating for our nation. The best proposal I have seen so far is the Fair Tax.

This is a very important time in our nation's history, with as many disastrous policies and other efforts to undermine America and her mission, right now we are seeing a great onslaught of malignant force.

"There are reasons for optimism, but you are right: It is a dangerous time. It's the most dangerous time in my life for freedom and liberty in this country."Rush Limbaugh 08/26/09