Saturday, April 9, 2011

Republicrat Budget Theater - Taking Your Eye Off The Prize

Unfortunately that "prize" is just the sad reality that we are in a HUGE mess thanks to the status quo.

2011 Budget for the United States Government is $3,830,000,000,000. That is such a ridiculous number it's hard to even fathom. Part of that 2011 budget is a deficit of $1,500,000,000,000. That is the amount of money we don't have but will spend anyway. Sounds lucrative!

You have politicians on both sides of the aisle, Republicans and Democrats (Republicrats) high-fiving themselves over a budget cut of $38,000,000,000. Sounds like a lot, right? Thirty eight billion dollars! Wow. Well, if you get out your handy-dandy calculator you will see that they cut a whopping 0.99% from the budget. Imagine if your budget at home is $3,830 per month and each month you are short by $1,500. Would reducing spending by ~$38 help anything? Would the bill collectors stop calling?

It's nothing more than theater by our elected "representatives" to distract you. Please please please don't be distracted. You should be OUTRAGED. If you think you are somehow benefiting from anything government does for you, trust me, you are not. One day, probably sooner rather than later, we will wake up wondering just how the heck we got into this awful situation. We will wonder why our money is worth nothing. We will wonder who we can blame for our problems. That's the American thing to do now, blame others for our own problems.

Being sheep for too long is how we got into this awful situation. Allowing Federal Government to usurp the Constitution they swore to uphold is how we got into this awful situation. Giving up Liberty to purchase a little temporary Safety is how we got into this awful situation. Allowing our currency to be backed by nothing more than the word of government and their Federal Reserve is how we got into this awful situation. The Founders of this country would be ashamed, outraged, and embarrassed by all of us.

Don't just take my word for it, even-though I do know best, look at the statistics below:

Apparently those crazy Austrian School guys aren't so crazy after-all.  With the breakdown of the Bretton Woods system and complete end of the gold standard on August 15, 1971 - How has our new fiat currency faired?
Look at the awesome national debt chart above.

This guy certainly hasn't helped - assumed office Feb 2006: Ben Bernanke

Most of today's debt accumulated over the past 6 years. When George W. Bush was inaugurated on January 20th, 2001 the national debt was $5.7 Trillion. In January 2005, when President Bush was starting his second term, the national debt stood at $7.6 Trillion. When President Barack Obama was inaugurated on January 20th, 2009 the national debt stood at $10.6 Trillion. Today it stands at roughly $14.3 Trillion.

Who controlled the House for the past 6 years?
109th United States Congress
110th United States Congress
111th United States Congress

- 2005-2007: We had a Republican President, Republican majority in Congress
- 2007-2009: We had a Republican President, Democrat majority in Congress
- 2009-2011: We had a Democrat President, Democrat majority in Congress

Under President Bush we racked up $612,500,000,000 in debt per year for 8 years ($4.9T)
Under President Obama we have racked up $1,645,000,000,000 in debt per year for 2.25 years ($3.7T)

You can keep claiming one side is more or less to blame than the other and keep the status quo going, they want you to do that. Or, you can actually start voting for people with sound beliefs, and values (especially on monetary policy). Do your homework and really try to avoid anyone with an 'R' or 'D' behind their name next time you get in the voting booth. Look for the candidate that puts your Liberty above anything else.

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. -Thomas Jefferson