The United States of CHINAmerica...Coming Soon
72To anybody who has been attentive for the last decade and especially the last 30 months, it can come as no surpise that our nation is periously close to a dangerous precipice with regards to financial matters. If you paid attention during the 2008 campaign, it is not a shock to discover that our current president is basically a socialist in a slick package. He told us as much when he sang the praises of wealth redistribution. To the Americans left gainfully employed, though this administration is killing jobs in overdrive, it is chilling to see how little our leader thinks of us. He is also a father, and I have no doubt he loves his children; however, his decrees and voracious appetite for spending is putting MY future and the future of MY daughter in grave danger. I don't pretend to understand the why of it, but I am completely positive that this group will never tire of spending until all money is confiscated from the workers, and spent, and there are no other nations still willing to lend ANY money to such a bad risk as the USA!
In November of last year, there was a pretty monumental election which SHOULD have sent a clear message to the democrap party and their compatriots that many American voters are increasingly worried about the level of spending in DC, and the level of borrowing to continue the spending. Unfortunately, this group of ivy league folks is a bit thick-skulled. They act as if the election didn't even happen, and they STILL want to continue to spend. I recall BO lecturing the repubs about elections and the consequences thereof, looks like he forgot to heed his own words.
Though this administration began with a huge stimulus spending project, along with assurances that THIS spending would be the panacea to heal our wounded economy, we are now 2 and a half years PAST that expenditure, and the economy continues to become further depressed and the unemployment remains stubbornly high. Well, if you are of the lib persuasion, just suggest even MORE spending and use class warfare to gin up the support of the blood suckers of our scoiety. You know, members of the nearly FORTY SEVEN PERCENT of Americans who pay NO INCOME TAXES whatsoever!! Those who choose NOT to work, but benefit greatly from the money confiscated by taxes from those who DO contribute to our society would be pretty foolish to vote against the group that keeps assuring them that if they keep power, then the welfare checks and food stamps will keep on comin'. Sounds like a road map to disaster to me. Of course, I didn't attend an ivy league school like BO and his advisors.
We have seen the riots and unrest in Greece due to their unimpeded spending, and I fear this same behavior will soon be on the streets of America. It would be a logical culmination to the envy and anger our president directs toward those who achieve success. He continue to yell about the rich paying "their fair share", but he neglects to tell us what percentage he would FINALLY consider to be fair. They already pay the bulk of ALL taxes, and their rate of taxation on income is much higher than those earning less. In fact, owing largely to the economic mess that IS Obamanomics, there are fewer and fewer millionaires here all the time. The population of our nation is around 315 million, but there are only around 235,000 households with income over a million per year. Somebody better inform the Obama zombies!! They could take ALL the wealth from these guys, and it STILL couldn't pay off the nation's debt.
The one nation that has been most amendable to assisting us on our path to financial ruin by buying up loads of our debt has been China. I'm sure you can recall their stellar record of human rights. You must remember the incredible freedoms enjoyed by their citizens! No, maybe that is because it is a brutal and totalitarian regime that rules there. I am sure BO would enjoy wielding the same power here in America that his buddy Hu Jintao wields in China. Currently, we are borrowing about 42 cents of EVERY DOLLAR our government is spending. We are paying 7 bilion in INTEREST every 40 hours or so. I think about the 528 MILLION wasted on Solyndra so Barry could repay his cash bundler. If BO had just given every American a million dollars, which would equal about 315 million dollars, I guarantee that the economy would have been QUITE stimulated!! The taxpayers would also not be left holding the bag for Barry's political stooges.
The current debt of our nation is a bit over 14 TRILLION dollars. Though I liked most policies of Bush 43, he also was guilty of spending a lot more than he should have. Let us also remember though that the congress that he had was dem controlled and the dems NEVER met a spending bill they disliked. However, it took our nation about 235 YEARS to rack up 10 trillion in debt. This moron, and his minions, have racked up an additional 4 TRILLION in 30 short months. Not only does America need God's blessing, we need his help!
Since Obama took office in January of 2009, has your family's financial situation:
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Very well written. It scares the hell out of me how our highly educated / dumb-ass government, turns a blind eye to the world events and how organizations like Walmart have shut down all the mom and pop stores to full fill the needs of all the non English speaking crowds that have come over here by the truck loads and sending bucks by ship loads to China. The American Dream is a bitch.
Hi Sheri...You have put the numbers to this pretend presidency...I am one of the middle class that has lost most of my planned retirement to the fiscal policies of Bush and Obama...Barney Frank did much to destroy the middle class dream, and Bush signed off on his culpability...Obama is following in the footsteps of fellow progressive fascist Woodrow Wilson...Read your history and look at the similarities of the Wilson agenda and Obama today...Didn't work then, won't work now...
This Soros puppet will implode when Americans wake up and realize this has been an elaborate shell game...
This class warfare promoted by Obama is divisive when we should be coming together in a concerted effort to reduce unemployment, increase American pride in country, and renew that unique American " can do " trait...
The Presidency is an office that should inspire, not assign blame and lay guilt on Americans...This president is disgusting on so many levels that the mind boggles...Larry
You've summed up our situation very well. Bush did love to spend, and Congress, repubs and dems alike, went along with him on his spending spree. Evenso, it was nothing like what we're seeing now; Hopey Changey makes Bush look like a fiscal conservative (which he wasn't).
I agree also that it doesn't take a political scientist to see that we're going the way of Greece. Wouldn't be surprised to see exactly the same kinds of activity in the States within the next 3-4 years.
This is a very well written hub and you would think people would know the situation but I guess they just tune out. This hub is right on target. Our country has to address this enormous debt! I pray that Obama is a one term president.
I go farther and say Obama is a communist. Since he's been in office I've read everything I can find on the subject, and found the goal of Marxism/socialism is to achieve communism. As for China...I find it so discouraging that politicians applaud their financial success - which has been gained mainly on the backs of peasants. They are the ones coming from the villages to work in the factories for slave wages under slave conditions. Yet China gets so much praise! Makes me think our politicians think the same would be good for Americans.
Hello, Sheri,
To add to what you said about the Dems not getting it when the GOP gained the majority in the House last November, here in NYC, a Republican won the seat that Weiner had to resign from.
That is monumental for the following reasons: (1)That is a very liberal district and the vast majority of the registered voters are Democrats. (2)Before Weiner represented that district, its representatives were Geraldine Ferraro and Chuck Schumer. (3)The last time a Republican won that seat was in 1921.
So, I am sure that right about now, Obama is having his tea leaves read to him on a daily basis.
The current debt is now almost $15 Trillion. At the rate the Federal Government is spending they would have to raise the taxes on EVERYBODY including the 47% who pay no tax it (Ironically) 47% just to cover the cost of this years spending so far. Keep in mind this doesn't include the additional taxes levied at the State and Local level and would make ZERO impact on the National Debt.
China holds roughly 1 Trillion in US Debt. China artificially manipulates their currency to their benefit and Oduche does nothing about this?
But the real question no one seems to be asking is who is all that debt owed to?
The answer ultimately is the very people who print the money. The Private Bankers at the Federal Reserve.
All money is DEBT under our system. Banks can create money out of nothing due to fractional reserve banking. And the Federal Reserve creates money out of nothing by printing it then SELLING the money they print at interest to the Federal Government and ultimately the Tax Payer is on the hook for both the principal and the interest.
The problem with this system besides allowing a select few who run the Federal Reserve and own it's stock unlimited wealth, is it can not sustain itself. Because the Interest has not been created yet! There simply is not enough money to pay back all the debt, so more and more must be created and piled on.
It's a fools game... a ponzi scheme. And all the pretend politics and economists and moonbeamers can not ever overcome this fact with spin. The system does not work.
The crash is coming and it's not "if" it's when.













wba108@yahoo.com Level 7 Commenter 8 months ago
Sheri- Well written and thought out Hub! It's chilling to that America has continued to elect leaders that have such terrible ideas and low opinions of average Americans! This administration has blatantly used more political manipulation than any other previous administration that I can remember.
Good point that the president continually incites class warfare with his call to have the rich pay thier fair share but doesn't seem to mention what that fair share is.