Monday, August 31, 2009

Debt and YOU!

What's really sad to me is that our so called 'intelligent' government leaders can't see what the real problem is with our country right now. The entire real estate 'bubble' along with the credit 'bubble', which has caused the economy to tank (and 84 banks to fail this year alone, has one common thread. The American consumer has put themselves neck deep in debt. Sure, credit card companies make it easy to get credit, but virtually impossible to get out of debt once in it. But the responsibility ultimately lies with the individual. GASP! Responsibility? Out of the question for people in this country any more.

But let's take this idea up one level and look at the federal government. We all know that the government has been running a debt for quite a while now. (Virtually since LBJ and Social Security) But, this current administration has taken our debt to whole new levels of scary. Let's examine just one part of the problem. The interest on the $748B (that's BILLION) TARP bailout package alone runs $100M a DAY. One hundred MILLION a day. In interest. A day. That's $36.5 BILLION a year in interest.

Now, let's look at the next 10 years. Obama's administration has put us $9 Trillion in debt over the next 10 years. What happens if we default on our loans, our lender forecloses on our house, or repos our car. What happens if the government defaults? Has ANYONE in Washington considered this at all? Are they really so shortsighted that the world is a bottomless pit of money we can continue to suck dry like a vampire? Are any of you scared yet?

If we default, we will cease to be a super power. Hell, we'll cease to be a power at all. The rest of world will carve up the country in order to recoup their losses. In effect the will REPOSSESS THE COUNTRY! NOW are you scared?

How much more in taxes are you going to have to pay in order to pay this off? How much more can you stand to pay? For me, as much as 40% of my paycheck goes into taxes now. And I'm very lucky, my health insurance is COMPLETELY covered by my employer. I pay no premiums at all. So that's not coming out of my check. But this is making me very nervous.

It's an incredibly narrow-minded and stupidly avoidable downward spiral. The government jacks up taxes to pay it's bills. The increase in taxes means more people have less money to pay THEIR bills and have to rely on government assistance. Which, of course, requires more from the government, who increase taxes to pay for it, who send more people to the dole.

It won't end until America is no more. We're running on empty, folks. I believe we are living at the time of the Decline and Fall of the American Empire.

Sad, really.

Tuesday, August 04, 2009

Obama and the media.

You know what I love? I love being able to make comments on news websites on articles posted there. It gives me a chance to voice my opinion in a forum that people will read, unlike this waste of bits.

But, moderated sites (like CNN) piss me off. Yeah I agree that people say things that are totally out of bounds or crude, but not posting comments because they go against the agenda they want to promote is bullshit. I continually post comments on CNNs site blasting Obama (because he's an idiot) and I've yet to see one post make it through moderation. I don't curse, I don't call names, they are straight forward and clearly argued comments against Obama and his insane policies. Of course, CNN wants to make him out to be God.

Used to, media was unbiased, objective (as any human being can be) and honest. Is there ANY media available that is that way any longer? And you wonder why the country is going to hell in a handbasket.

Monday, August 03, 2009

Soul searching

Yeah it's been a while. But no one reads my blog, so who cares?

You know, I've done a lot of soul searching lately. For most of my life I've been a dedicated agnostic. I've been comfortable with that spiritual diagnosis of myself. But lately I've begun to believe there's truly no god. Even a lassez-faire god would not have allowed Obama to run the country into the ground. True all Empires rise and fall, but America has collapsed in a way that makes Hitler's empire look stable by comparison.

Let's look at some history. We talk of the 'Dark Ages' (or Late Antiquity) as a time of horrible ignorance, superstition and misery. We haven't really come very far have we? The masses are all ignorant morons. The mob is too stupid to think for itself beyond its own selfish needs. Yet, we cater to them since there are so DAMN many of them. Because they are votes. This isn't equality. Not everyone is equal. We should mandate a minimum level of education for voters. At least a 2 year college degree, if not 4. That would keep the dumbasses who just want a handout from the Feds from voting in the bastards who will give it to them. It will also inspire an increase in the number of educated people, or it should. And the direction of this country (and the world) will move forward in a civilized and RATIONAL manner. (Not to mention, had this been in place last year that dipshit Obama would NEVER have been elected.

This is the problem with letting everyone who can sign their name vote. Demagogues are BAD. Ancient Rome should us that. Revolutionary France as well. Mob rule is not RULE, it's anarchy. The mob in America has to be the worst mass in the history of the world. Not only are they ignorant, and selfish, but lazy and greedy as well. Stupid bastards are killing America.

We could also fix this problem by doing all the important work in Latin rather than English. That way the morons wouldn't know what we were talking about and would not be able to turn America into the worst kind of welfare state.

See, here's the problem with all this. It's a horrible downward spiral. Provide handouts to the lazy in such a way as to make it better for them to not work. This increases the tax burden for the rest of us. The more we're taxed, the less we have to provide for ourselves, and the more people have to fall back on welfare. Which increases the tax burden on the rest of us even more. See where I'm heading here? Why can't the assholes in Washington see this? Because it keeps getting them elected, that's why. Right now, the tax burden for someone making $50K a year is 33%. So, 33 cents of every dollar made goes to pay some lazy son of a bitch to stay home and do nothing. (More or less.) So, at $50K, the worker brings home 33,500 of that $50K. And $16,500 pays for someone else. That is HALF of the take home pay of that worker. HALF. Are you kidding me?

So, over 2 years, that worker, well educated (to work at a job making $50K/yr) hands over to the Federal government (and state) 1 years salary. Is that FAIR? Hell no. What does he get in return? Nothing. He pays his bills without help from the government. What value is there for his $16,500/year? None. Zero.

And this is mob rule for you. Now, imagine if Obama gets his health care reform. To go along with the 2 TRILLION he's already spent in his first 6+ months in office. The interest on the money he's spent in office is $100 Million a DAY. A day. It boggles the mind. Where will the money come from to pay it off? What he should have done is cut taxes, cut spending and give the working people a break. Not spend more and make it harder on the working class. It's bad enough trying to pay our bills now.

I'm sick of that man's bullshit. Someone needs to take him out. Take all of Congress out. They are out of touch. Were they ever in touch? Probably not.