U.S: America, We Are Broke!

Following the Path of Rome

tony el
Without question over the past several years the 3 most under-reported issues, within the U.S.A, have been the severe economic and social impact of the Mexican illegal immigrant invasion, the unprecedented transfer of America's technology, economic, and industrial wealth to Communist China, and what some would say is the still unanswered question surrounding Obama's true national origin. But I will hold that for another time. Instead, the most under-reported issue facing America is the financially destitute condition of the government of the United States. America is being disturbingly led the down the same path as Rome - all with little warning or alarm from political leaders or the Establishment Media .

The current Administration in its first 2 years thrust upon the people of America its own extreme version of Keynestic Economics that was last used in such an extreme manner under F.D.R. This economic philosophy, named after British economic philosopher John Maynard Keynes, believes that savings and balancing or paying down debt is bad and, more importantly, that the solution to a down and troubled economy is more and larger government intervention, i.e., more government spending and expansion. Even faced with the knowledge of the miserable failure of many of the economic policies of F.D.R, the economic implosion of many European countries and even Cuba, who stand as visible evidence that big socialist government economic policies do not work, this Administration seems to be headstrong in an attempt that it can do better. But does Mr. Obama care that this experiment to see if he spits in the wind, that it will not slap him in the face, not knock this once great economic nation off its seat forever and send us into the abyss? Or is this part of his "fundamental change" of America that he spoke of during his election?

In less than 2 years this Administration has piled on more debt than any of the nation's previous Administrations - combined. The C.B.O is warning that the U.S could lose its AAA credit ratings under Obama's budget. Treasury Secretary Geithner shocked the economic world when he stated that the Administration was opened to a Communist China- backed move to remove the U.S Dollar from the position of World Currency . A position that the Dollar has held since mud was dirt - figuratively speaking, but you get the idea. No U.S Administration has ever taken such an extreme position. At least not publically. State Legislators across the nation, such as in North Carolina, South Carolina, Tennessee, Utah, Washington, and Virginia, are introducing bills to have a back up currency, backed by gold and or silver, for when the Dollar collapses . As of February the federal debt is at an alarming $14.131 trillion - approx. $64 Billion of that is from February ALONE. According to the New America.com , in just the first two years of the Obama Administration the U.S Taxpayer household has had approx. $30,000 added to their bill. The C.B.O [Congressional Budget Office] report s that, on the current course, with Obama's Budget $14 trillion today will explode to astonishingly over $23 trillion in just 10 years. Each taxpayer will be saddled with a tab of approx. $260,000 - its approx. $123,000 today. The scary part of these totals is that they do not include the unfunded liabilities, such as Social Security, Medicare, Medicaid, you know the part of the budget that makes up more than 54 percent. If they were included, the true debt figure would be actually ranging between $60 - 200 TRILLION today! And America's trade debt hole with nations that do not have our best interest at heart, like Red China, continues to get deeper and deeper. The Communist Chinese trade deficit has the U.S government more than $240 billion to the negative. And that's not counting the priceless financial damage of intellectual property rights and technology secrets that China has either been given, due to the fact that every company who's honored to setup in China has to surrender their property rights and trade secrets to be copied, or they have stolen from us.

The challenge is great, but not insurmountable. Too many of us want to act like the Three Monkeys, who neither hear, see, nor speak of trouble. But trouble's a coming on a Pale Horse. But, we are Americans if you haven't been told that in a while. We can follow the financial principles of Rome as stated by Marcus Tullius Cicero, "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance. " We as Americans have what no other nation has, a governing Constitution that has lasted more than 200 years guaranteeing that the government is to be ruled by the people. We can demand the government to pause and reboot to set a more efficient course to get the nation's finances in order and unleash America's energy and natural resources to not only become energy independent, but to sell energy to other countries. We must become manufacturers of goods for the world again to bring quality high-paying entry-level jobs back home for the low and middle class to become upper class. Insist that our government enforce constitutional principles and not political ideology or favor. Above all, we must demand a world-class educational system with local/State control and outlaw government unions by reemploying the position of F.D.R, [one of the few things that I concur with him] "... Meticulous attention should be paid to the special relationships and obligations of public servants to the public itself and to the government. All Government employees should realize that the process of collective bargaining, as usually understood, cannot be transplanted into the public service. It has its distinct and insurmountable limitations ... The very nature and purposes of Government make it impossible for ... officials ... to bind the employer ... The employer is the whole people, who speak by means of laws enacted by their representatives ... "Particularly, I want to emphasize my conviction that militant tactics have no place in the functions of any organization of government employees. Upon employees in the federal service rests the obligation to serve the whole people ... This obligation is paramount ... A strike of public employees manifests nothing less than an intent ... to prevent or obstruct ... Government ... Such action, looking toward the paralysis of Government ... is unthinkable and intolerable." Also, we need reinstall civics, American history, Constitutional, and biblical grounding back into the schools to get our young people coming up grounded in something greater than themselves and knowing their proper role when relating to the government. The mess that we are in today didn't happen over night. But, just some ago 20 years China, India, and Brazil were barely mentioned when it came to economic and world power. It takes planning and steadfast courage and will to see it through. It will take a political leader who actually cares about the prosperity of America. Should anything be more expected from Mr. Obama who has since his election sought to apologize for America's greatness, has openly rejected the belief of American exceptionalism, and has bowed to every tyrant, dictator, and thug that he could, thus having America bow? How then can we expect to prosper? We can only pray. At the end of the day, it is up to an enlightened American people to determine if we are to remain morally and financially destitute and internally dissolve as did Rome or set a path to reclaim the position of the world's beacon on the hill of hope, dreams, freedom, and prosperity.

Published by tony el

The author, Tony El, is one who cares deeply for America, the greatest country ever created in the past 300 years, and is concerned with the disastrous direction in which it appears to be headed. Has always...  View profile

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  • John Mario7/5/2011

    We won't bring jobs back to the US as long as our trade agreements do not compensate for lower wages in other nations, other nations funding their industries to gain a competitive advantage and other nations manipulating their currency.

    There is no comparison between George W Bush's TARP and Roosevelts give-aways. TARP was an attempt to use the principles of capitalism to save our financial institutions. TARP actually earned a profit on each bridged loan via the sale of stock options.

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