by Dave Blount | July 13, 2010 2:11 pm
The Manchurian Moonbat’s Cloward-Piven economic policy is working as planned:
The government’s current spending trends “will destroy the country from within,” said the co-chairmen of Obama’s national commission on debt.
Commission chairmen Erskine Bowles and Alan Simpson spoke Sunday at the annual National Governor’s Association meeting in Boston, Mass., reported the Washington Post.
Medicare, Medicaid, and Social Security programs annually consume all federal revenue, according to the chairmen. All discretionary spending funds for year-to-year budgeting and expenses are used up on the three programs, forcing the government to borrow money to cover the rest of the government’s expenses.
This is why our Democrat rulers chose now to ram through a massive new entitlement with ObamaCare. As for the national security implications:
“The rest of the federal government, including fighting two wars, homeland security, education, art, culture, you name it, veterans, the whole rest of the discretionary budget, is being financed by China and other countries,” said Simpson.
It’s going to be hilarious, when Obama’s fellow commies in mainland China invade Taiwan and snuff out its prosperous democracy. Excuse me, Wen Jiabao, can we borrow some money to fight you with? The ChiComs might as well annex Japan while they’re at it. Who’s going to stop them?
By electing Obama, we elected to reduce America to a second-rate country. This is going to create a power vacuum that will not be filled by nice people. But we’ll be too busy digging through dumpsters for something to eat to worry about it.
By 2020 the United States will be spending $2 trillion on just the interest of the national debt, said Bowles, if the United States makes no changes.
No wonder Obama keeps poking the public in the eye on ObamaCare, illegal immigration, etc. He doesn’t need to get reelected because his work is already done. In less than 2 years he has sunk us so deep into debt with massive wasteful spending that it is only a matter of time until our economy completely collapses, paving the way for his fellow radical leftists to make the inevitable transition from soft tyranny to hard tyranny.
On a tip from J. Cross-posted at Moonbattery.
Source URL: https://rightwingnews.com/economy/experts-obamas-debt-will-destroy-us-from-within/
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