King Obama Just as Bad as 1776 King George

America in Chains though the Bondage of Debt

Remember this July 4, 2009!

Over 200 years ago America defeated King George of England in the American  Revolution. Today, King Obama and congress are the new American  Oligarchy, instituting the same economic system that Americans defeated to gain their freedom and liberty.  Many are now happy with their King, yet they have not yet had to pay for his tax increases, nor have they seen the damage to liberty or understand the generations it will take to pay for his Marxist-fascist folly to be paid for with freedom.

The National Debt is $11.4 trillion, the unlisted liabilities for social security, medicare, medicaid the current health care commitments total a US government liability of $45 trillion, all total US liabilities are $54 trillion.

Interest payments on just the National Debt amount to $452 billion as of last year.  It is quickly growing under the Comrade President Obama administration that continues to grow government at a rate never before seen in American history but for WWII.

Perhaps the war on freedom and liberty in America by the Marxist-fascist Obama government requires massive spending that will then necessitate massive taxation to create revenues to pay for the expansion of government and payment on the annual $45 trillion debt.

Imagine what the new cap and trade tax and the $1 trillion in health care costs will do to the existing debt.  Let us consider that federal income tax revenues were down by 40% this past year, that many baby boomers are retiring and many more intend to do so collecting social security and medicare benefits when those social coffers have been completely depleted by the federal government.

Only through tax increases to a shrinking employment base can those funds be replenished, think of the millions of illegal aliens that will be collecting these benefits and never paid taxes into the US only mailed back checks to Mexico.  The American taxpayer is the only source of revenue to cover government spending and pay for the government’s debt.

The National Debt is now slightly over 80 percent of the annual GDP.  This year’s budget deficit is now estimated at about $1.85 trillion.

Debt makes Marxists happy, Comrade President Obama states, “the debt is something that keeps me up at night.” He is obviously awake trying to create new ways to further borrow money from the Saudis, Chinese and Japanese.  In so doing he can and is creating an unsustainable financial catastrophe that can only be cured with higher taxes and more government programs that will require more government and taxation while Americans believe things will get better.

This is exactly why he is creating and signing into law massive government spending programs as fast as he and the congressional politburo can legislate into law, not to solve the economic crisis but to further increase government to solve the problem that he and his government bureaucrats are creating, all in the name of solving the economic disaster.

How ironic for this President to tell the American people the economy needs more government programs to fix the economic crisis when this is exactly what is causing America’s second depression.

The true disaster of this historic day as we celebrate the 4th of July, Independence Day, is that America defeated the same type of government policy’s it is allowing Comrade President to institute upon America!

233 years ago brave Americans swore to up hold the American Bill of Rights and gave their lives for liberty and freedom, today most have no idea what is happening to them from this Marxist-fascist Dictator Obama and his socialist followers.  The day of awakening is coming!

One thing is for certain, the debt of this nation must be paid with blood, sweat and tears from the toiling of masses, such that the elected American Oligarchy can maintain their high standards of living.  This while the rest of us can do nothing but prepare to fight the stuffing of ballot boxes by leftists  with people that do not even exist when the next election arrives in 2010.  Even Mickey mouse was able to cast a vote for Obama.

Where are hero’s for the 2009 American Revolution?