An eager 20 year old student asked me yesterday, “Uncle, who really pays for all this spending?”
“Well, your children and grandchildren, Dear, I thought you knew,” I said.
This needs time to think in and sink in — since she hasn’t yet started a family….
This is a developing essay that is not yet complete….
So we’ve been wondering about all this Obama spending: what it is and what it means.
The president basically spent $1 billion per day in his first 50 days.
I wonder why we need paid “volunteers” so badly that we now have to pay for them?
Federal Government Paying “Volunteers” To Teach Liberal Values
“You cannot carry on for ever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt.” This rings true for Americans even though it wan an admonishment to Britain’s Prime Minister Gordon Brown.
Warning to American Politicians, Via MEP Daniel Hannan to Gordon Brow
I wonder if the crisis in Mexico will mean a huge migration of Mexicans into the states…I mean way huger than ALREADY…and what will that cost?
Mexico: “under sustained assault”; Could “collapse” — U.S. Military
“Worst-case scenario, Mexico becomes the Western hemisphere’s equivalent of Somalia, with mass violence, mass chaos,” said Ted Galen Carpenter, vice president for defense and foreign policy at the Cato Institute, a Washington-based think tank. “That would clearly require a military response from the United States.”
I wonder why the Pentagon can no longer refer to the “war on terror” and is already trying to figure out how to cut many billions from its budget; while Russia and China rearm?
China boosts military, cyberwarfare capabilities
Gates readies big cuts in weapons
Russia Pressing “Reset,” Medvedev Orders Military To Re-Arm
I wonder why ACORN, which gets federal taxpayers money, is hiring protesters with that money to go to the homes of AIG executives?
Did ACORN Organize Protests At Homes of AIG Execs?
ACORN Protesters At Homes of AIG Execs Similar To Lawlessness For UK Bank Exec?
When we make it much more simple to unionize through programs like card check, how will that impact the economy? Well, FedEx might scrap plans to buy new jets from Boeing and the stimulus might hire many fewer workers….
Stimulus: Way Fewer Jobs Than You Thought
Just Wednesday FedEx said it might back off on billions of dollars of aircraft sales planned to go to Boeing. The reason? Card check. FedEx is worried that fast unionization of its work force will dramatically change its bottom line.
Who benefits from all this U.S. debt? Who buys our debt and who gets our interest payment? The answer in one word is China. The U.S. bailed out Freddie and Fannie with Taxperer money and now China is even buying the houses we once owned…
Chinese find opportunity in U.S. real-estate slump
I wonder how we will pay for “unknown unknowns” like 9-11 and Katrina? Well, we’ll print more money…..
Obama, Economy: So Much Uncertainty Spins Off More…. Uncertainty
There are still issues as yet untackled by Obama like immigration. How will we deal with the vast numbers of illegals ou there?
What do I tell my legal immigrant family and friends?
Obama Believers Thought They’d Hear More On Immigration By Now
I wonder how much our government will grow, what the government will cost us all and what freedoms we’ll lose in this Obama shake up?
There is a mind-set here that Americans can have eveything they want and now and without consequences.
Didn’t that thinking spark this “economic downturn”?