Friday, March 12, 2010

United States of Bankruptcy?

It seems our great President and his Democratic zombies will force the BS health care plan through using something they call "Budget Reconciliation". This process allows our current "Administration" to force through a bill without the possibility of a filibuster (delay or entirely prevent). Instead of needing a full majority to pass it, they simply make it law by using the "Budget Reconciliation" process. It doesn't matter if the American people agree or disagree (48% of America disapprove of the plan - SOURCE ). As a matter of fact, Speaker Nancy Pelosi recently advised all Democrats to get behind this bill even if it would hurt them professionally by going against the wishes of their constituents. Really? Since when did what the people think or want no longer matter?

How is our government going to pay for this $950 billion dollar plan?  Will they simply print it?  Will they borrow even more money from foreign governments such as China and Japan?

If I am not mistaken, isn't Medicare a government run health care option?  Medicare by itself has a little over $100 trillion dollars of unfunded liabilities - SOURCE.  As you will read, that is $33,000 dollars for every man, woman and child in the good ole US of A.  How will our country fund these liabilities?  This doesn't even take into consideration the unfunded liabilities of Social Security.  Looking at the above information, I would say health care is not a business that government needs to be involved in.  Is there anything that our government touches that doesn't turn to shit?

The unfunded liability is the difference between the benefits that have been promised to current and future retirees and what will be collected in dedicated taxes and Medicare premiums.  We will not collect enough in tax money OR premiums to continue to pay for these programs without an increase in taxes, a decrease in benefits or an increase in the retirement age period.  I have an idea....let's add another trillion dollar health care plan to the bottom line when the health care plan our government has been managing is so screwed.

The USA is already bankrupt.  The American Empire will go the way of the Roman Empire as it continues to lose focus on what is important.  The government is no longer for the people by the people.  We have crippling national debt, ungodly budget deficits, a government that is backed with military force as its only true source of revenue and power and a two party system that is one in the same.  There is no Republican or Democrat.....there is us and them.  Our national currency has declined by over 40% in the last 8 years and will continue to do so as we borrow more and more money from other countries putting us further in debt with absolutely no way to pay it back.  As I stated before, a weaker dollar means it cost our country less to pay back these debts.  As other countries catch on to this, they will begin moving their assets into other currencies which will in turn cause the collapse of our currency.  When this happens, your paper investments will become worthless as inflation goes through the roof.

The bottom line, the paper you hold in your pocket will one day be worthless!!

More to come later!!


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