Wednesday, May 06, 2009
The Economic Reality of Debt
There is the economic reality of debt. Our Federal government does a good job of hiding this dirty little secret. With this new administration and its stimulus package we are gearing up for an incredible amount of national debt for the future. At this time we as a government owe about $11.3 trillion dollars in our national debt. It is a staggering figure. It is a figure that will burden our economy for decades. And it is not necessary. If we examine the rushed earmark filled stimulus package we can see massive wastes of taxpayers monies which will ultimately lead to be more national debt. Realistically the stimulus package has done little at this time to create economic growth or development. Nor will it do any for the future. Personal economic freedom and the functioning of the free economic system should be the goals of any democracy. Again the dirty little secret of this socialist plan by the Obama administration is simple enough. Wealth redistribution, central planning and higher taxes. All failures if you study economic history. The path is being paved for a revolution in the voting booths in 2010 and 2012. Then real change will take place.