Obama wants to "invest" in America. But where will the money come from?
Lets look back. President clinton, when he wasn't putting it to interns on
his desk, cut the military budget and used the money to cut the deficit.
OK. Looking back, it worked because they actually used the money
that was re-directed for the military towards the deficit and it worked.
Now we are planning to cut the military but the money will be spent on
more government spending - OPPS I mean 'investing'.
So instead of trimming the deficit, the deficit will increase. In fact it
will increase in the next 4 years faster then the previous four years.
Why id the deficit important???
Because, The United States has to pay interest on the debt - the deficit.
Every dollar spent on interest in a dollar not able to spend on social programs.
And when the deficit increases just a few trillion more, the United States will
never be able to pay the interest on the debt let alone paying down the deficit.
Then, all the Democratic politicians will blame the Republicans on something
so throw the blame off today's Senate inaction to control the debt.
When the President says he wants to cut 4 trillion dollars, he is lying just like
when he said in 2009 that he wanted to cut the deficit in half by 2012. Even though
the numbers might add up to 4 trillion, it is an accounting switch and bait.
The increase in taxes will happen - but the cut in spending will not happen.
That's right!!! Taxes will go up for everyone. Not just people earning over
$250,000 per year. Feel cheated and lied to yet???
Wait, there's more cheating. The increase in taxes will happen now BUT
the spending cuts will happen in 4 to 8 years from now. You just can't believe
that a completely new Congress will allow those cuts on spending. It's
SMOKE AND MIRRORS. An accounting ponzi scheme of sorts with
your money - your tax money.
And if you do not pay taxes, the hand outs your are receiving will
eventually get cut or cut back. WHY? Because there will be no money
to pay out when the deficit tops out in another 3 or 4 years.
Then what will happen??? For one thing, the Federal Reserve will only
be able to print money for so long before the American Dollar collapses.
Then all the people on the dole will take to the streets to complain. Instead
they should be planning now to get employed or to start a small business so
they will have an income to stock up on dried food and pre-pay utilities
so they can live through the calamity.
The obama lie compounded with the Senate not agreeing on a budget for four years.
is causing this problem. Soon, the USA will be like Greece. Don;t believe it???
See what happens when the same thing happened in England and Italy and Spain
and France and Portugal. They all rioted when the government can not pay
for the social security and the unemployment funds and the food stamps and medicare.
You voted him on. Now everyone will pay the price.
That's the way I see it...
Straight Talk with Jay Clifford.
