ivoteamerica

In many of America’s real estate markets homes, once the primary facilitator of middle class American retirement, are worth on the average about 67 pennies of what they were five years ago.

The American currency…our once powerful dollar…is now worth pennies of its former value and the erosion shows little sign of abatement as gold and silver continue their march toward record per ounce prices.

Under the new Federal Budget, each American man, woman, boy and girl will be saddled with 4,000,000 pennies of personal and, although owed to the IRS, uncollectable debt ($40,000 each). That is $200,000 for a family of four! Does this make cents to you?

Our Mount Everest of debt has now empowered and installed Communist China and a handful of other anti-democracy nations as the current economic caretakers and ultimate beneficiaries of your and my labor, creativity and ingenuity for as far as we can see into the future. I don’t recall signing-on to work for Mao’s legacy.

Household net worth is now about 52 pennies per dollar of what it was a scant five years ago. Indeed, this is chump change we can believe and the reality of our now everyday existence. Projections of future declines seem to indicate that, if left unchecked, the Federal government, yours and mine, will drive our worth to below 50 pennies of what it used to be.

The ability of small business owners and entrepreneurs to access the pennies they need to build, sustain and grow their business and thus, create jobs has dried up with only the most pristine and perfect borrowers being granted access to capital…except, of course, the Federal Government who continues to borrow from us.

The fastest growing employer in today’s economy is government. Employees of the government are seeing their wages growing at a record pace. The best paying jobs are no longer in the private sector but the government.

The budget submitted by President Barack Obama will catapult our debt into the farthest reaches of the stratosphere to numbers so beyond the pale that typical American life as we know it may be changed for the worse for as much as two generations into the future.

Pinching pennies is our new reality and the remaining few quarters, dimes, nickels and Lincoln pennies are even themselves in the crosshairs of an over-arching, out of control bureaucracy and answer-to-no-one government.

This is truly “change” we can believe. More importantly it is change we can change. Please be reminded by iVoteAmerica that the next Presidential election is 1,003 days from today and the midterms are in November, 2010…let’s hold on to what copper we have left until then.

Post by Alan Caruba
Syndicated from Facts Not Fantasy

There’s a song, “Smooth Operator”, sung by the incomparable Sade that kept running through my head as I listened to Barack Obama conduct an hour-long press conference Tuesday evening.

At the very end, he referred to the American government and economy as “a big ocean liner” that doesn’t turn around swiftly and the last image that passed through my mind was that of the Titanic sinking beneath the waves of the chill Atlantic.

One is reminded why the crowds loved him as he campaigned for the presidency, their hearts beating as one, seeing before them the man who would bring “change” when elected.

Delivering on Promised “Change”

He has brought change. His proposed budget would triple the national debt. According to the Congressional Budget Office, Obama’s proposed budget would generate deficits averaging almost $1 trillion a year in red ink over 2010-2019. Moreover, the deficit would never go below 4% of the size of the economy, which an Associated Press report noted were “figures that economists agree are unsustainable” The figure cited was $9.3 trillion over the next decade, “more than four times the deficits of Republican George W. Bush’s presidency.”

None of this seemed to perturb Obama.

The Democrat Euphemism – Invest

What was most noticeable, if one was actually paying attention to the substance of what he was saying, was the repeated use of the word “invest”. Democrats never “spend” money, they “invest” it.

Obama wants to “invest” lots and lots and lots of money, most of which will have to be borrowed. He is focused on “long term growth” scanning the far horizon from the bridge of the USS Obama, plowing through a dark night of financial distress.

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If you have tracked the mainstream media’s portrayal of Ron Paul (Rep. TX) he is either the greatest nut case on the planet or, if on the other hand, you listen to him, study his policies and statements, he is potentially one of the great thinkers of our time. iVoteAmerica is beginning to lean toward the later.

Paul is one of the only Republicans to tongue thrash both Alan Greenspan and Ben Bernanke over the Federal Reserves contributions to the decline in the value of the dollar against international currencies and he comes as close as anyone dare come to blaming the Fed for the mortgage crisis by making money too cheap and available to people who couldn’t afford to borrow it.

Facts, Staring us in the Face

With unemployment now on the rise and the Federal Reserve running out of idea, options and money solutions, Ron Paul is looking like he has been reading a proverbial crystal ball. His analysis and his statements on our policies both foreign and domestic seem to be true as they play themselves out right before our eyes.

Ron Paul has literally stated that we are going bankrupt as a nation.

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