Posted 3/25/2009

Hello All:  President Obama contends that by spending more money on Education (the US already spends more on education than any other country in the world and achieves poorer results than most), energy and health care, which will cause a $10 Trillion dollar deficit over the next ten years and that is an optimistic number even after raising taxes on all, that this spending will improve the economy and create more jobs.  Of course, it begs the question if this huge deficit spending will improve the economy and create more jobs, then why do we still have the deficit?    The reason the deficit is so huge is that the jobs that are created are government jobs and government does not pay taxes.   Unless jobs are created in the private sector that does pay taxes, there is no way to get the deficit under control.  

 

Folks, Obama’s socialist agenda and that is what it is will bankrupt the United States.  Don’t forget we already have about $10 Trillion in deficits from all past Presidents/Congresses on the books and $44 Trillion of unfunded liability sitting there for Social Security and Medicare.   This balloon is going to burst.  If Obama is allowed to proceed with all this deficit spending, the value of the dollar will fall dramatically; we will have very high inflation and high interest rates.  Then even more jobs will be lost and/or sent overseas.   This is all Jimmy Carter II; but it will be much worse because along with the financial mess will be more government control and less freedom for all.   Ironically, the Chinese and even the French are now lecturing Obama concerning his ideas as bad for the global economy.   As April 15 approaches look for a Tea Party near you and attend.   Send those graphic tea bags on April 1 to the Tea Bag Mailing list and scream loud and clear that you are mad as hell and you are not going to take it any more.   Joseph Morabito

 

P.S.  Obama’s poll ratings continue to fall because people now see the “change they can believe in” and they don’t like it one bit.