Bridge for sale. No money down. Easy monthly payments.
Okay, I’m no math genius. Certainly, your faithful screenwriter is not an economist.
But I do have common sense.
I understand that people should spend less than they earn in order to remain solvent and build wealth through a disciplined program of diversified investments.
But I also understand that the federal government can and does function running a moderate deficit.
As always in life, it’s a matter of degrees.
Here’s a brilliant, hence simple, two-minute explanation of Obamanomics.
Warning: Fasten your seat belts.
H/T Joshua Pundit
Okay, class, how is Barack Hussein Obama, our ideologue-in-chief, going to finance this spending spree?
Waving hand in air furiously: “I know, I know, teacher, green jobs.”
If you believe that fantasy, I have a bridge in Brooklyn I’d like to sell you. Green jobs are, as Howling Wolf explains, a canard.
No, the correct answer is:
Obama plans to tax you.
Yes, I’m talking to you.
Obama—a man who has never run a business, handled a payroll, or generated wealth for anyone but himself with two Oprah-designed autobiographies—promised to tax only the wealthy—making 250K a year makes you wealthy,
But that was a bold faced campaign lie.
The middle class, as always, will bear the burden of Obama’s crushing taxes. It’s not complicated, 5% of the American population cannot support the entire federal budget.
Let’s be clear, Obama is not interested in building wealth. His aim is to redistribute wealth.
And even Obama must know—uh, maybe not—that the fed can’t keep printing money or we’ll end up with Zimbabwe-like inflation, hauling wheelbarrows of cash in order to buy a loaf of bread.
Obama’s state planned economy follows a familiar pattern.
We see this form of governance in western European socialist states where taxes are high, unemployment is in the double digits, and national health care is parsimoniously rationed by bean-counting government bureaucrats.
When our son Ariel ZT’L was ill with cancer and we practically lived in Oncology wards, we kept meeting patients from France, England, and Canada.
Why, we inquired, were they receiving medical care in America?
The answer was always the same: they were forced to wait, and wait and wait for critical treatment. They were so ill that they had been shunted aside for “better prospects.” They had to wait months for a simple MRI.
They wanted to live.
Hope and change.