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Sunday, February 27, 2011

Obama: We must compromise on budgets, ‘but we can’t sacrifice our future’

Memo to President Obama: the future of this country has already been scuttled by your and your predecessor's out of control spending, and your failure to deal decisively with the fraudulent actions by the banks and Wall Street.


What you have spent - and suggest we continue spending - on these endless immoral and illegal wars is about to bankrupt this country, yet there is no real discussion of cutting spending on these wars.


It appears, in fact, that you are looking for yet more military misadventures in which you want to see America get involved; Pakistan, North Korea, Libya, and Iran, to name just a few. Unfortunately, spending on military dead-ends money which desperately needs to be spent in other places, like US infrastructure, schools, and hospitals.


The real unemployment rate in the US hovers at around 20% rather than the official rate, and many people - whose jobs have been offshored and who are about to lose their homes as a result - are about to also lose their unemployment benefits.


"Quantitative Easting" (i.e., printing money for which there is absolutely no solid backing) has created a hideous inflation, which destroys Americans' savings and their purchasing power at the stores. The US dollar, which used to be the premiere currency in the world, has been thrown under the proverbial bus, and internationally, there are demands for a new currency, or basket of currencies, with which countries would like to do business; it's only a matter of time before the US dollar collapses.


So please, sir: as a man with a net worth of over 10 million dollars, and a wife and daughter who just hit the slopes in Vale for a very costly vacation a little while ago, do not lecture the American public about "sacrifice"!

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