By Rick Saunders
That which the Axis Powers in World War II, the Soviet Union in the Cold War, Islamist jihadists since the 1983 bombing of the Marine barracks in Beirut and al-Qaeda terrorists since September 11, 2001 have been so far unable to accomplish–the destruction of the United States of America–is now well under way in the fewer than 100 days that have passed since January 20, 2009.
On that day, with the inauguration of President Barack Obama to the highest office in the land, 69,456,897 Americans who voted to install this specimen became accessories to the triggering of events that have now led to the real potential for the outright bankruptcy and failure of the nation as we have known it, ushering in a country which will be unrecognizable as the United States of America. In its place, the Balkanized Tribes of Obamaland will emerge under a regime with characteristics that would do Mao Zedong and Joseph Stalin proud.
Harsh words? Read on.
Make no mistake — the economic policies and radical, collectivist agendas being rammed down America’s throat by Obama and his cadre of apparatchiks–all dedicated to the destruction of capitalism here as well as where it still survives worldwide–are taking a horrific toll upon all within the expanding fireball. Even others are beginning to take note.
Forget, for the moment, the stunning incompetence of his appointees, his embarrassing personal gaffes and serial social faux pas tendencies, his narcissistic/messianic complex and the hilarious fact that “TOTUS,” his beloved teleprompter, doesn’t get better billing and credit despite upstaging him. Focus instead on what the Congressional Budget Office–the agency charged with providing to Congress objective, nonpartisan, and timely analysis to aid in economic and budgetary decisions on the wide array of programs covered by the federal budget–now predicts will happen if his budget proposals are adopted.
Under President Obama’s recipe for disaster (concocted presumably with the assistance of Secretary of the Treasury Timothy “Turbo Tax” Geithner), deficits will rise over the next ten years to a truly cosmic 9.3 trillion dollars. That’s $9,300,000,000,000.00, or approximately $4.9 trillion more than the projected deficits if there were no changes in current laws and policies, that which the CBO refers to as its “baseline assumption.” That’s a “missed it by that much” of over 50 percent. And all of this doesn’t even touch on that other bogeyman no one yet dares to discuss — inflation, which is the deficit’s kissing cousin living just down the road.
Obama’s budget director, Peter Orszag, conceded in a news briefing last Friday that annual deficits of 4 to 5 percent of gross domestic product (GDP), as estimated in the CBO report, are “ultimately not sustainable.” The phrase “ultimately not sustainable,” apart from being woefully understated, is administration Orwellian doublespeak for “we will all be in deep doo-doo if we adopt this approach.” But adopt it they seem intent upon doing.
George H.W. Bush derided Ronald Reagan’s budgetary policies as “voodoo economics,” yet the country prospered. On the other hand, Obama’s Doo-Doo Economics will ensure that the country will not only fail to prosper, it will eventually morph into a Western Hemisphere Zimbabwe where, last month, you could pick up a pair of men’s slacks for a mere 2,765,000,000.00 Zim dollars . . . and the price is higher today. Now THAT, Virginia, is inflation.
(Don’t let Rick’s tone here fool you. The Cato Institute report he cites is absolutely mind-blowing. A quote: “As of 14 November 2008, Zimbabwe’s annual inflation rate was 89.7 Sextillion percent.” Now, I’m no mathematician, but a “sextillion,” with regard to inflation at least, is likely not as fun as it sounds. — Jeff)
Under the Obama/Geithner cyanide capsule, were it to be enacted into law, the CBO report estimates that the annual deficit for 2009 would run at 13 percent of GDP; for 2010 it would drop to “only” 10 percent of GDP; and for 2011 through 2019–assuming that nothing more “bad” happens to us and that all the capitalists and their capital stay put (wink, wink) in the worker’s paradise germinating on Obama’s drawing board–the annual deficits would level off at between four and six percent of GDP.
Between four and six percent of GDP . . . eventually leveling off? That’s the very same percentage billed as “not sustainable” by Messiah Central’s budget emissary, St. Peter of Orszag. Look for an administration Orwellian Memory Hole intervention in the near future. Like Jim Cramer, Orszag apparently did not get The Memo.
Typifying the feckless responses of the Obama administration to virtually every other problem that has cropped up since January 20, Orszag sought to find a pony in the pile, claiming that administration officials “remain confident” in what he called “the four key principles” of The Chosen One’s budget outline: health care reform, improvements in education, energy efficiency, and reducing the annual deficit in half by the end of the president’s first term. Right. In the middle of the worst recession the country has seen since 1929, let’s make matters exponentially worse by trying to borrow our way out of debt and by printing of a bunch of new Federal Reserve notes.
Long story short — no matter how you look at it or try to put a favorable spin on it, the CBO report confirms that the Obama/Geithner kamikaze mission will ultimately not only destroy the nation’s economy–as has Zimbabwe’s President Robert Mugabe succeeded in doing to the former Rhodesia–but it will do so without the promise of 72 virgins at the end of the attack.
So why, pray tell, are we continuing to listen to this gang of pied pipers and economic ingénues? If the Supreme Court won’t intervene here, then the only remaining check on this “exercise” of power–other, more earthy and graphic terms also come to mind–is a Congress that needs to open its collective eyes, on both sides of the aisle, and acknowledge that the time has indeed arrived to come to the aid of the country. Today, more than ever, we need far more statesmen, and far fewer politicians. And time is running out.
Rick Saunders is a freelance writer who splits his time between endeavors in southern California and the American southwest. He began writing for America’s Right in December 2008.