from NY to Israel Sultan Reveals
The Stories Behind the News

Posted: 09 Feb 2009 06:24 PM PST

The United States national debt currently stands at 10.71 trillion dollars.

Individually that comes out to a 37,000 dollar tab for every American citizen.

If you're earning less than 37,000 dollars you have a problem because the
government is busy piling on a debt that you can't repay.

If you're earning more than 37,000 dollars, you've got an even bigger problem,

because the government isn't about to stop its spending, and the money has to

come from somewhere.

If you're not on welfare, or unemployed, or an illegal alien doing one of those

jobs that Americans won't do-- congratulations you're the 'somewhere'
that money has to come from.

The bailouts and spending packages attempt to use government spending

as a remedy for the "failures of the free market". But where can the government
raise that money except by skimming more off the top of that same free market?

The government does not generate revenue, it spends it.

If the free market is gambling in Las Vegas, the government is sitting at home

watching the Home Shopping Network and running up fantastic amounts of
debt on the free market's credit cards. The more the government taxes and
spends, the more blatantly parasitic it becomes, and the latest attempts to
leash the free market to do the bidding of the government is right up there with
killing the goose that laid the golden eggs.

Obama's giant spending bill disguised as a stimulus package is set to push the

debt ceiling even higher. The potentially 1 Trillion Dollar spending bill, rushed

through by the Congress of Corruption, and backed by Tax Cheat Geithner, the

man responsible for doing more damage to the US economy than a tornado to a

pine forest, the massive frivolous spending bill will only spend the US deeper

into debt.

We're already headed for a budget deficit of 1.2 trillion, but rather than

exercising budgetary discipline, Obama and his cohorts are piling on the

pork as if there was no tomorrow. As the National Debt continues to climb,

the value of US Bonds becomes further devalued. Increasing deficit spending

makes America's financial situation that much worse. If the national debt

passes 70 percent of GDP, something it was projected to do even before

Obama's Spending Spree, we might be looking at a true economic free fall.

Obama's fallacy of insisting that government spending drive economic

recovery overlooks the fact that the money the government is spending
can only be derived by further bleeding an already depressed economy through
taxation and higher debt levels. Fairly soon Geithner will be forced to raise the
debt ceilling again, taking the US national debt past 12 trillion dollars. And by
the time 3/4rs of the GDP is debt, the US economy will quickly begin to look like
that of an African nation that keeps borrowing itself deeper and deeper into a
hopeless spiral of debt.

As Margaret Thatcher pointed out, the problem with socialism is that sooner or

later you run out of other people's money. Of course when you begin nationalizing

other people's money thereby cutting off their productive ability to create more
revenue, you run out of their money a lot faster... as every Communist country

in the world has demonstrated exhaustively for our benefit.

That is why Obama's attempt to pass off a blatant spending bill as a stimulus
package is nothing short of economic fraud, a problem most of his
Cabinet of Crooks seems to suffer from. The government is not our economic

savior, most of the time it is the problem. The free market has its flaws, but a

tax and spend government draws more and more money out of the system,

and into the rat holes of its own bureaucracy, and in kickbacks to its own

political supporters.