The past ten days marked a turning point in the Obama Presidency, the nation and our status as a world superpower.
On March 20 the Associated Press reported that Congressional auditors projected the Obama budget would produce more than 9 trillion in deficits over the next decade, far more than Obama had projected, deficits his own budget director called unsustainable.
Undaunted, the Obama White House unleashed his apparatchiks at MoveOn.org and Americans United for Change to target (intimidate) moderate democrats with radio and television ads to secure votes he must have to pass his budget.
Late last week, Obama announced the escalation of the war in Afghanistan without public debate, committing 4,000 additional U.S. Army troops, on top of the 17,000 Marines and Army personnel Obama has already ordered into combat operations. It will soon escalate into a two nation war and inevitably lead to a push deep into Pakistan.
Over the weekend, he essentially fired the Chairman and CEO of General Motors and announced that taxpayers would stand behind the warranties issued by Chrysler and GM even if the two companies are driven into bankruptcy.
Obama has now taken ownership of a war, two car companies, and a budget that will drown future generations of young Americans in a tidal wave of red ink, not to mention the unfunded obligations of Social Security, Medicare and other entitlement programs.
Certain things are inevitable. And this is. We’ll not be able to tax our way out of this without putting ourselves at an impossible disadvantage with other great and emerging industrial powers; we’ll be forced to raise interest rates to intolerable levels as we try to borrow our way into prosperity; the presses now printing new currency around the clock will destroy the value of the U.S. Dollar and wipe out the wealth of the middle class.
Of the great world empires that have come and gone, nearly all fell because they extended themselves beyond their means. The German Chancellor seems to have a far better understanding of world history than our President.
