Posted by
drpete on Friday, May 15, 2009 9:41:11 AM
The federal debt as of today is a bit over $11.2
trillion. That’s $11,200,000,000,000. The 2009 federal budget is $3.6 trillion
and includes $1.8 trillion of new debt. The 2008 budget was $3 trillion. In
1976 the budget was $300 billion.
Over the past three decades the federal budget has grown
10 times or 1,000%. This year alone the budget is growing by 20%. Compounding
itself the federal budget is likely a decade from now to be about $22.3
trillion.
The U.S. GDP (gross domestic product) for 2008 was
projected, pre-recession, to be $14.26 trillion. In 2009 GDP will decline, and
is almost surely to repeat the decline in 2010 and 2011. Meanwhile the federal
budget will be growing geometrically, aiming at exceeding total
GDP.
The pattern of federal governance over the last century
has been that:
- First, progressives / liberal fascists / socialists /
Democrats / (new-definition) liberals expand the government and its budget
hugely.
- Then, conservatives / Republicans / (old-definition
pre-FDR) liberals “roll back the excesses” by reducing the growth of the
government and the growth in its budget.
- Next, progressives / liberal fascists / socialists /
Democrats / (new-definition) liberals expand the government and its budget
hugely.
- After that, conservatives / Republicans /
(old-definition pre FDR) liberals “roll back the excesses” by reducing the
growth of the government and the growth in its
budget.
And on and on. There is no example of a congress or
executive branch ever attempting to actually reduce the size of government or
reduce the budget. Not once. When “budget cuts” were talked about – touted by
Republicans, impugned by Democrats – each was demagogueing. They all snuck in
an annual presumption of 8% growth in each line item, then if Republicans
proposed, say, and increase of only 5%, the charges of starving children
started.
"The
American people will never knowingly adopt socialism, but under the name of
liberalism they will adopt every fragment of the socialist program until one day
America will be a socialist nation
without ever knowing how it happened." (Norman Thomas (1938), six-time
Socialist Party of America candidate for president)
If right now, the federal government tried to pay off
the nation’s debt, it would have to get all of the tax revenues, not incur the
$1.8 trillion of new debt, then spend not one dime. It would have to fire the
millions of employees, cease social security and Medicare and Medicaid, disband
the military, have congress and the executive branch work for free and with no
perks and bennies; this for a . . . decade. No, not true. Given the interest
on the debt already there, paying off actual principal would take generations;
and all with the government shut down. Talk about no free
lunch?
For you business folks out there, you know about
debt-to-equity ratios; when you want to raise them and when you want them low,
really low. In the U.S. of 2009 – in the midst of a
recession – debt is 41% of the economy. In 2010 – in the continuing midst of a
recession – debt will be 62% of the economy.
I’m told ad nauseum that there’s a pendulum. We swing
right, we swing left, etc. So, it all balances out over time. Sorry, that’s a
lie. What happens is that we swing way left, then swing just a little left from
there, then swing way left again, then swing just a little left from there, etc. What
happens is that that liberals floor the accelerator, followed by conservatives
coasting or braking a bit, etc, etc. There’s no turn signal. There’s no
u-turn. The gear shift has 2nd and drive, but no
reverse.
If in 2008, the country had elected John McCain and
Republican majorities in both house and senate, right now America
would be on life support. We’d have voted, I think, for coasting, no brake,
even a touch of gas. However, the country voted for “hope and change”, and
America is not on life support.
America is on a train, and the congress and White House are driving that train
full-speed, stoking the boiler, heading left -- Saul Alinsky-radical left -- faster
and to beyond what FDR ever dreamed possible left, and he admired and was a fan
of Joseph Stalin.
Is there a light at the end of the tunnel for us
conservatives, Constitutionalists, even libertarians? Yes, and it is that
train, and the train has an engineer (union) named Obama (reading a
teleprompter), and boiler operators (Reid, Pelosi, Durbin, Dodd, Frank, Schumer,
Waters and Waxman, et al) but the train has no brakeman (is collecting
unemployment compensation . . . extended).
Hold on there, drpete, you say, the private sector isn’t
gonna just roll over and play dead. Businesses aren’t gonna cozy up with these
liberal fascists willingly. They’ll be screaming from the rooftops. I say I
disagree.
"When the people fear the
government, there is tyranny. When the government fears the people, there is
Liberty!" (Thomas
Jefferson)
Business “leaders” can see clearly right now who the
alpha dog is. And they can see clearly that the “rule of law” has been replaced
by the rule of a tyranical oligarchy. And they can see clearly that “card check” will
change the playbook markedly. And they can see that the oligarchy may well take
the "healthcare" burden off their hands. The oligarchy is choosing winners
and losers, and ceo’s are street smart enough to side with the
tyrants.
Wanna know where
the train is headed? Study the history of 20th-century Argentina. It’s your
future. Game, set, match. Exit stage left.