Quote:
Originally Posted by Dr. Ernest C. Ville, D.C.S.
...the Democrats have been spending like drunken sailors. Every since George W. Bush left office, Obama has been rifling through the checkbook like a trophy wife at a Bloomingdale's. It's sickening. And at a time when the country is hurting, the economy is in the toilet and money is tight, Obama is spending. Does no one else see the problem here??
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Amen, Brother Ernest! When George Bush was president, we had fiscally responsible government. It's true that Bush ran the deficit through the roof, but just look at all we got in return: tax cuts for the rich, no bid contracts, a privatized military, corporate subsidies, funding for Christian faith-based initiatives, the War on Terror, the War on Drugs...I could just go on and on.
Those were flush times! Thanks to no banking regulation, many Americans bought homes with subprime no-money down loans and got two years of teaser-rate interest, before their monthly payments quadrupled. And when the two years were up, they rolled the crushing debit into a new "home-equity loan" which carried them a few more years. And when that ran out, they could always charge their mortgage payments to their credit cards. And when they hit the limit on one credit card, they'd just get another, because we were handing 'em out like confetti. Meanwhile, we took their collapsing loans and rolled them into Ponzi schemes like "mortgage-backed securities, collateralized-debt obligations," and "credit-default swaps." Thanks to all this creative finance, I personally saw my income increase 9-fold, from a lousy $100 million a year in 2000, to $900 million in 2008. And I paid literally hundreds of dollars in taxes, so don't let anyone say that I haven't paid my fair share.
Then Obama became president, and look what happened! He threatened to NOT RENEW the Bush tax cuts. True, he didn't do it, but he threatened. That spooked rich people like me, so I cashed in all my Ponzi paper for bailouts and moved the cash to my bank accounts offshore. While I was moving my money offshore, I also moved all my factories abroad to avoid paying ridiculously-inflated American salaries (take that, union thugs!). Thanks to all this money fleeing America, people can't afford to pay their credit card bills anymore. It's a good thing we moved all that bad debt onto the government, or my company would be in trouble.
So now Obama wants to borrow more - thus he needs to raise the debt ceiling. Well, it's just like a Negro to go looking for a payday loan. What happened to the good old days when someone like him would be out shining shoes, or building roads along with the rest of the chain gang?
But when it comes to the national debt, the correct way to balance the budget would be to raise military spending, give the rich another tax cut, and pay for all that by canceling Socialist Security and Medicare. That would force a lot of lazy senior citizens to stop living on the public dole and practice some individual responsibility. There are plenty of jobs they could do: Wal-Mart greeter, recycling bottles and cans they pick from landfills, donating blood, etc.
Sister Sarah shows the way:
Individual responsibility and
low-everyday prices.
With all the money rich people like me would save through tax cuts and no-bid military contracts, there would be lots of new jobs. It's called "trickle-down economics." Of course, all those jobs are gonna be in China because I don't think Americans can build that "next-generation" jet fighter. Fact is, we hardly got any engineers left thanks to off-shoring and home schooling. But it doesn't matter - the Chinks can make anything cheaper than the USA, and if there's one thing Americans all like, it's low-everyday prices.