Posted by: rotenochsen | September 4, 2009

IDENTIFYING THE PRESENT DAY FEDERAL POLITICIAN

Posted by Jax Hawk on Friday, September 04, 2009 2:35:04 PM

 

Friday, September 04, 2009

 





“Present-Day Man.” The characteristic element of this character is the identification of a time horizon with the now, meaning “my life,” the time in which I live. Present-Day Man has no connection to a long past and only the vaguest connection to the future”.Source:James W. Caesar, PhD
I think this is an apt description of the Congress of the United States today. With few exceptions they all are more concerned with sending taxpayers money to their special interests who ensure their re-election more than they are concerned with what they are doing will affect the future generations in very adverse ways.

With the unemployment standing at 9.7% and The Outstanding Public Debt as of 04 Sep 2009 at 01:42:14 PM GMT is 11.8 trillion dollars!

The estimated population of the United States is 306,858,760
so each citizen’s share of this debt is $38,467.50.

The National Debt has continued to increase an average of $3.96 billion per day since September 28, 2007!
Concerned? Try to tell Congress and the White House! Apparently they are unconcerned with the future that has to bring continuing massive federal debt, and sooner or later devaluation of the dollar that will bring crippling inflation!

Only 10-15 percent of the 750 billion dollar stimulus has actually made it out of the Federal bureaucracy, and most of it has been used by states to pay off their Medicaid deficits– not “shovel ready projects”!

While he was campaigning for the presidency, Obama said: “said he would shrink annual deficits,but they are now at levels not seen in six decades.He said he would do this by taxing the “rich”,the polluting industries, and by reducing war costs.assuming we will have a rapid rate of economic growth by 2010( which I doubt very much),and private forecasters and even some White House advisers consider overly rosy. What say you now Mr. President!!!

Congress will be forced to raise the legal limit on the nation’s credit card sometime later this year, Treasury officials reported August 5, 2009, focusing additional attention on the expanding national debt just as lawmakers expect to be putting the finishing touches on President Obama’s trillion-dollar overhaul of the nation’s health care system.That the CBO has said will not reduce the cost of medicine but will cause a trillion dollars over a 10 year period!And then we have waiting in the wings the Cap and Trade or Cap and Tax bill.

Despite House Energy and Commerce Chairman Henry Waxman’s many payoffs to Members, rural and Blue Dog Democrats remain wary of voting for a bill that will impose crushing costs on their home-district businesses and consumers. The leadership’s solution to this problem is to simply claim the bill defies the laws of economics.

Under a cap-and-trade system, government sets a cap on the total amount of carbon that can be emitted nationally; companies then buy or sell permits to emit CO2. The cap gets cranked down over time to reduce total carbon emissions.

To get support for his bill, Mr. Waxman was forced to water down the cap in early years to please rural Democrats, and then severely ratchet it up in later years to please liberal Democrats. The CBO’s analysis looks solely at the year 2020, before most of the tough restrictions kick in. As the cap is tightened and companies are stripped of initial opportunities to “offset” their emissions, the price of permits will skyrocket beyond the CBO estimate of $28 per ton of carbon. The corporate costs of buying these expensive permits will be passed to consumers yet unable to vote.

When the Heritage Foundation did its analysis of Waxman-Markey, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy $161 billion in 2020, which is $1,870 for a family of four. As the bill’s restrictions kick in, that number rises to $6,800for a family of four by 2035.This is another example of not thinking of what affect their actions will have on the future voters and the country. Thinking about the present day with little or no regard for future generations. This is how the Roman empire and the once great British empire failed. Are we headed to that end, because of the “legal”stealing perpetrated by our elected officials?

The amount the government may borrow from the public, including foreign creditors, is limited by law to $12.1 trillion, a cap that has been raised several times since the nation slipped into recession in December 2007. Treasury officials predicted this week that they expect to borrow an additional $892 billion through the end of the year, driving the overall debt past the cap sometime in the fourth quarter.

All this debt will be a burden for generations yet unborn, and will be at the expense of depleting the expenditures that are now dedicated to defense. One of the main reasons for elected officials to be in their lofty positions. To protect and defend Americans and it’s Constitution!!

The Social Security Act was signed into law by President Roosevelt on Aug. 14, 1935.

The Social Security “trust” fund has $10.662 trillion in unfunded obligations as of Aug. 1.

Both Medicare and Medicaid (Title XIX of the Social Security Act) were signed into law by President Johnson on July 30, 1965.

Combined, Medicare and Medicaid have unfunded obligations of $39.612 trillion as of Aug. 1.

The prescription drug entitlement program was signed by President Bush on Dec. 8, 2003. In a brief six years, it already has $8.520 trillion in unfunded obligations.
See a pattern?

The total unfunded obligation of this nation is $57.981 trillion as of Aug. 1. Every American’s share, including those too young to read this, is $189,000.
President Bush left a national debt of $10.625 trillion. It took President Obama only 190 days to add $1 trillion to the national debt. The debt is now $11.640 as of Aug. 1. The 2010 deficit is projected to be $1.3 trillion.
The national debt plus unfunded obligations equals $69.621 trillion.

This debt is not the work of just Democrats. The Republicans have done their bit to perpetuate the legal stealing that today Obamaphiles call redistribution of the wealth. It appears that once elected to public office a man or woman ignores the 8th Commandment that says “YOU SHALL NOT STEAL”. That is because if you or I take money from the pocket of your neighbor without his knowledge and consent the law says you have commited a crime of theft!
But taking one persons hard earned money to give it to another citizen is called as your “fair share of taxes” according to the way politicians have looked at conficatory taxation since the Wilson presidency of the early 1900s.

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