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Archive for August, 2011

When will the debt be paid?

Thursday, August 25th, 2011

The Congressional Black Caucus “For The People Job Initiative” has been a spectacle and a revelation.

The revelation is the depth and breadth of desperation over the disproportionate impact of the nation’s unemployment crisis on the black community.

Mere numbers don’t do justice to the images of black audiences at town hall meetings demanding to know when President Obama, the leader in which they placed their hopes, is going to rescue them, or CBC members asking permission from these audiences to be more critical of him for not being more focused on their plight.

The lines of people outside of CBC-sponsored job fairs, perhaps the most practical thing that body of elected officials has done in years, are heartbreaking.

The spectacle is the CBC’s continued addiction to racial demagoguery, which has paid off handsomely for them but done absolutely nothing for their constituents but feed their bitterness and rage.

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Digging the Hole Deeper

Sunday, August 7th, 2011

So now our national debt exceeds our economic output. I will have to add this to my list of numbers that reflect how dire our situation really is, and how there’s no easy way out. Here’s the list:

- Over $14 trillion in debt, which exceeds our gross domestic product.

- Over $61 trillion in unfunded liabilities to Social Security and Medicare, which is more than four times the debt.

- A 100% tax on all people making more than $250K a year would not even cover the deficit for ONE YEAR, and government would no longer have rich people to demonize for its excessive spending because it would have taken all their money away, as well as their incentive for making more.

- Social Security, Medicare and Medicaid make up just over 61 percent of the U.S. federal budget. We could eliminate all other federal spending, and still be in a deficit because the costs of these three programs alone exceed our annual revenues.

Everyone needs to wake up and realize the trouble we are in. There is no easy fix for this, and "taxing the rich," "closing the loopholes," usually for businesses – I don’t see anyone volunteering individual deductions – and "cutting defense," the three most popular chants I hear from many, have practically no impact on an enormous debt.

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Tea Party Terrorists

Tuesday, August 2nd, 2011

A terrorist is defined as:

A person, group, or organization that uses violent action, or the threat of violent action, to further political goals; frequently in an attempt to coerce either a more powerful opponent, (such as a citizen or group targeting a government), or conversely, a weaker opponent, (such as a government, or even an internal citizen or group, being targeted by a larger government).

And that is what our President and his party have now labeled the millions of ordinary Americans in the Tea Party movement who want to see government live within its means and under the law.

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