Another month has come and gone, and we are a little deeper in recession. Jobs in the private sector increased by less than 200k and jobs in the manufacturing sector actually decreased. Obama continues to tell us about all the millions and millions of jobs he is responsible for creating but that is just another political lie. As we slide closer to the fiscal cliff, it has become apparent that he will not negotiate to avoid going over the cliff. (And no compromise will stop it anyway, but that is another story) His supposed compromise solution had hidden in it that he could spend as much as he wants, whenever he wants, and for whatever he wants.
Yeah Right.
Tax levies are almost irrelevant in this (fiscal cliff) deal. They are a symbolic gesture, and increasing them will give the government an excuse to be even more irresponsible, but cutting them won't solve the problem either.It makes little difference if a dollar is taxed out of the economy, or if it is borrowed and never returned.
And that is where the US is. The budget will never again be balanced. That is a cliff we have already gone over (years ago, to be truthful). Now the question is only: how soon will it get bad, and how bad will it get? (and I don't really know the answers)
Spending cuts and changes to "entitlement" programs will slow the descent , but they won't stop it. Now we are only concerned with how will America look on the way down.
Will we retain our Freedoms, our Rights as given by God, our Constitutional Government? Or will we be transformed into a communist dictatorship harkening to the liberals who want to destroy us and the Islamists that want to enslave us? Will the rule o f law rule our land, or will international bankers and multinational corporations and unions run our government as a puppet as they steal all we have while operating above the law?
Fasten your seatbelts, hold on tight, keep your Bible handy and your powder dry.
It is going to be a terrifying ride down.
