Sunday, March 28, 2010

The Obama Regime Is Broke
  Economics piece by Malcolm T. Hedges

As they destroy the economic engine they destroy the tax base they depend on to power their Socialist “Welfare State”.

Every dollar they steal from the productive people with taxes is a dollar that can’t be spent in the private economy.

The infamous “rich” targeted by “progressive taxes” are being purposefully destroyed by the Obama Regime.  Soon there will be no rich folks to pay those exurbanite taxes.

The “middle class” is slowly being exterminated and will soon have no income to pay taxes.  The 40%+ of Americans that pay no taxes or get “rebates” for being economic slugs could care less because they expect free money from the fictitious “Obama Stash”.

As the Obama Regime forces more unfunded mandates on the various State Governments they are raising taxes or shutting down significant portions of their operations trying to survive.

To be fair this mess was started by Woodrow Wilson and popularized by FDR. George W. Bush, President Johnson and Jimmy Carter made their individual contributions.

The Obama Regime has accelerated the demise of The Republic with wild abandon.

US bonds are now getting close to being classified as “junk”.  There is less and less revenue coming into the Federal coffers even as the Obama Regime accelerates its spending on various Socialist scams and schemes.

The current US economic model is no longer “sustainable”. It was fragile and marginal under George W. Bush and Bill Clinton.

The “me” generation that voted for Comrade Obama expecting everything free from “Big Brother Obama” will soon go into revolt mode.  They have been trained in our skools to plunder and riot when things don’t go their way and they will…

The Obama Regime is worried about the “TEA Party Movement” while failing to understand their own Progressive Socialist base is the real danger.  The American Street is boiling but whacko leftists will take to the streets long before they do.

The real average unemployment rate is around 22% with welfare rolls expanding daily(by government mandate) and real inflation at about 10%.  None of those people can afford much more than a simplistic existence or a survival mode.

It don’t compute… There is no way the US economy can exist much longer…

Malcolm T. Hedges

Posted by Malcolm T. Hedges on 3/28/10

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