Obama Cooks America’s Economic Goose!

Comrade President Barack Obama has pledged to reduce the deficit once the Great Recession ends and the unemployment rate starts falling, and he has added $2 trillion to the federal debt of 2019 which will be $20 trillion considering today’s debt will quadruple in this time frame.  Does anyone think this ideological driven administration that only has a back bone for Marxist ideology will do anything to stop the red ink?

As the interest on the deficit increases it becomes a larger category of spending and with a $15 Trillion 2009 GDP interest expense is the third largest category of spending, after Social Security, Medicare and Military spending.  When Obama gets his Marxist fingers into the healthcare pie with no checks and balances on single payer government funded monopoly which is 16% of the economy, government will finally have to stop spending!

Why? Not because the elected officials finally got a back bone and started to cut entitlements; the American worker will have run out of money to fund the Marxist taxation madness.  The ramifications of this level of massive debt as the interest expense becomes the number one budgeted government expenditure there is only one political alternative, totalitarianism!  As the deficit soared this year income tax collections were down by 16.6%, with unemployment and the commercial and industrial sectors imploding the Marxists in power are grabbing for more control of personal freedoms while the liberals cheer this cloaked fascism as a new found political government freedom.

With a 76.5% of GDP anticipated in 2019, leaving 25% of government spending to pay for all entitlements elected officials will face a new reality that they themselves created, they broke the Nation, handcuffed the American worker under Marxist rule and made them slaves of the state to pay interest to other nations of the world.

The Great Recession is turning toward a Great Depression as the dollar’s value plummets and deflation continues to stagnate the economy the real economic crisis is just beginning.  Commercial banks own nearly 45% of mortgage debt outstanding.  By comparison, banks own only 21% of the single-family mortgage debt outstanding.  Commercial loans are now in a free fall as vacancies are on the rise with foreclosures on commercial mortgage debt causing the next wave of  insolvency for several thousand banks which will overwhelm the understaffed regulatory system and it will take years to settle out.  Expect the government to intervene even more than it has in order to save the US banking system.

When government seeks to increase taxes during times of extreme financial difficulties for all Americans it seriously impedes  income creation from private enterprise and was the number one cause of a decde of suffering in the 1938 Great Depression that ended with WWII.  Comrade President Obama  is following in the footsteps of Herbert Hoover.  Seeking higher taxation to increase revenue for government entitlement programs like Universal Health Care and Cap and Tax.  Government  operation that has spent trillions of saving billion dollar financial institutions, completely forgetting that the American worker coupled with private enterprise is a gold mine when capitalism is unleashed.  This golden goose is now plucked and ready for the crock pot.

If Americans can stop the Marxist taxation of society today it will protect itself from a torturous future of enslavement.  But this is only one small step toward individual freedom against a government funded band of Marxist community organizers that are just beginning to control free speech by news media propaganda, the establishment of a civil militia, the further takeover of banks and failing financial institutions, as well as creating a data bank of all Americans  health records and health care where health choice is for those who follow the party line.

Government Marxist-fascist  oppression is just beginning  in America and under the Comrade Obama  Administration a willing army of men and women have lost the courage to fight for independence and freedom within and have embraced an ideology and a ambitious leader into slavery first to find government sponsored freedom second.

Government was once afraid of the people, now the people are afraid of their government!