Trillion is the New Billion

Barack Obama and his Democrats–unfit to govern, but happy to rule–are hastening America’s descent into a banana republic

By Rick Saunders
America’s Right

Not so long ago, the word “billion” still had some impact. Legend has it that during the heady, “spend-like-a-drunken-sailor” days of the Great Society, U.S. Senate Democrat Minority Leader Everett Dirksen once observed on the magnitude of the spending: “A billion here, a billion there – pretty soon, you’re talking real money.” We now enter the era of “spend-like-a-doped-up-Democrat,” led by none other than the Dope in Chief.

On January 6, 2009, two weeks before Barack Obama’s inauguration, the Wall Street Journal ran a piece trying to impress upon everyone how “quaint” Dirksen’s quip was, noting that the new “billion” was “trillion.” Back then, the fear was that Obama was actually proposing a 2009 fiscal year deficit of ONE trillion dollars.

So what has happened, in terms of projected deficit, in the last eight months? Things have gone from bad to worse, and appear to be sprinting headlong toward the truly catastrophic. Obama and the Jokers (a.k.a. Congress under Harry Reid and Nancy Pelosi) now label as “un-American” those who would have the nerve to oppose their efforts to saddle you, your children, their children and their children with black-hole crushing deficits as far as the Hubble Space Telescope can see. More on things astronomical later.

Pouring equal parts of vinegar and hot saltwater into your wounds, Obama and his entourage have now headed off on a vacation to Martha’s Vineyard. Far be it for me to give Barack and Michelle a hard time about taking time off, but it should be noted that he left less than 24 hours after confirming, through intermediaries (the TelePrompTer took some time off, too), that the administration is raising its acknowledged deficit total from its prior fabrication of $7.108 trillion to $9.1 trillion, a rise of $2 trillion. Now, the question remains as to which will happen first: Michael Vick slips up and gets booted from the NFL again, or the Obama administration once again raises the acknowledged deficit total?

Back in June, the Congressional Budget Office announced its own revised estimate of the 2009 deficit–$1.8 trillion, or 80 percent higher than Obama had estimated–and its prediction of the ten-year deficit which, oddly enough, came in right at the $9.1 trillion level. Even more chillingly, the CBO then reported:

Under the president’s policies, the deficit in 2009 would total $1.8 trillion and equal 13.0 percent of gross domestic product (GDP), CBO estimates. In 2010, the deficit would measure 9.9 percent of GDP, or $1.4 trillion, CBO estimates. The cumulative deficit over the 2010–2019 period would equal $9.1 trillion (5.2 percent of GDP), more than double the cumulative deficit projected under the current-law assumptions embodied in CBO’s March baseline. As a result, debt held by the public would rise from 57 percent of GDP in 2009 to 82 percent of GDP by 2019.

As noted here last March, Obama administration budget guru Peter Orszag characterized even smaller budget deficit figures as being “ultimately not sustainable.” And yet, under this regime’s policies, that is precisely the whirlpool into which the ship of state is being consciously and deliberately steered. All in the name of “reform.”

Let us review: in the eight months that this audacious dope has been in office, and aided and abetted by the Jokers, he has launched the nation on a fast track to becoming the planet’s first 307 million person banana republic. Actually, compared to today’s poster-child banana republic, Zimbabwe (now THERE’S a textbook case for affirmative action), this nation may come more to resemble a new entity — a banana dictatorship. Fahgeddabout Obama’s coziness with ACORN and SEIU; ignore the donations he received from foreign nationals and folks like Bernie Madoff; sneer at the steering of taxpayer dollars to Axelrod’s healthcare pals; scoff at the “certificate of live birth” controversy. Go ahead. Marginalize it all.

Instead, understand that in the 70-day period between June 16, 2009–when the CBO announced its $9.1 trillion estimate and Obama scoffed, saying the deficit would be “only” $7.1 trillionthrough last Friday, August 21, 2009, when the regime capitulated in the CBO figure, the acknowledged likely deficit rose by nearly twenty-nine percent. And that, of course, doesn’t even take into account the added costs of Obamacare. Or, as it is known on the street, healthcare à la Marx.

Stated otherwise, by his own admission, the more likely deficit total increased by nearly $29 billion per day. Meanwhile, Obama and his entourage were on their way to a 10-day vacation, staying at a private estate that rents for $35,000.00 per week. Against the backdrop of a $29 billion per day figure, $35K per week doesn’t sound so bad, does it? Something tells me that we won’t be seeing pictures of Barack Obama chopping and hauling timber, like we saw when his predecessor vacationed at a ranch owned by . . . himself.

Here’s another way of looking at it: Albert Einstein and any MIT grad will tell you that the upper speed limit in the universe is the speed of light, coming in at around 186,000 miles per second. Fast. Very fast. However, the $2 trillion “bump” in Obama’s admitted budget deficit occurring in that 70-day period between June 16 and August 22 represents a deficit spike of over $330,000.00 per second. Expensive. Scary expensive. Zimbabwe expensive. And yet these specimens have the gall to call us un-American? Just who is calling the kettle . . . a kettle?

[Good thing you backed off on that turn of phrase, Rick. I'd hate to get you in trouble with the British Word Police. -- Jeff]

The people constituting the current regime in power (where is Lord Acton when you need him?) are unfit to govern. Period. They may be perfectly fit to bully, command and threaten their own fellow Republican congressional brethren with “nuclear options” to get their way, no matter what, but all that does is underscore the truth: the Democrats now in power are unfit to govern a free people. They are, however, perfectly suited to dictate to the proletariat.

Unfit to govern, but happy to rule.

—————
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.

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Comments

  1. GAZILLIONS says:

    This administration is like the crew of Spaceballs going to LUDICROUS speed. They've gone from BLOW to SUCK.

    verification word: dowend
    This path will cause the DOW to END

  2. Gail B says:

    Rick, you are brilliant! You are so right on point. Excellent read. Thank you.

    Was it on Glenn Beck yesterday that I heard the message to tell our congressional representatives not to pass any legislation that will increase our national debt? Wherever I heard it, it's a good idea.

    With this in mind and armed with the ammunition you gave, I'm starting a grassroots campaign to get this message across to our congressional representatives.

    They also need to start undoing some of the damage they've done!

    Had to laugh when you mentioned "calling the kettle…a kettle?". That was good! (Your comment made me smile, too, Jeff.)

    Keep up the good work!

  3. Gail B says:

    WOW, Y'all! Just received this from Congressman Walter B. Jones (R-3NC):

    JONES APPLAUDS COURT DECISION ORDERING FED TO DISCLOSE EMERGENCY LOAN DETAILS

    “Americans deserve to know how their hard-earned dollars are being spent.”

    Washington, D.C. – Today Congressman Walter B. Jones (R-NC) applauded a decision yesterday by Manhattan Chief U.S. District Judge Loretta Preska requiring the Federal Reserve to identify the companies in its emergency lending programs. The ruling that the Fed “improperly withheld agency records” was the result of a Freedom of Information Act (FOIA) lawsuit filed by Bloomberg News. The judge rejected the Fed’s argument that disclosure of its loan records would cause borrowers in the Federal Reserve System to undergo “imminent competitive harm” due to their use of Fed lending programs.

    In a November 12, 2008, letter to Federal Reserve Chairman Ben Bernanke, Congressman Jones had urged the Federal Reserve to reconsider its decision to deny Bloomberg News’ FOIA request regarding details of the Fed’s emergency loans to banks.

    “I am pleased that the court has ruled in favor of the American taxpayer,” Congressman Jones said. “When taxpayer dollars are used to bail out financial institutions, the American people deserve full disclosure on who receives those funds and under what terms. Americans deserve to know how their hard-earned dollars are being spent.”

    “At a time when many Americans have serious concerns about their own financial security, it is important for our nation to have confidence in the actions of the Federal Reserve. The Fed should know better than anyone that blocking transparency in financial markets will only delay America’s economic recovery,” Jones said.

    Congressman Walter Jones is a member of the House Financial Services Committee and an original cosponsor of H.R. 1207, the Federal Reserve Transparency Act of 2009. This legislation would eliminate restrictions on Government Accountability Office audits of the Federal Reserve and direct the Comptroller General to complete an audit of the Board of Governors of the Federal Reserve System and of the Federal Reserve banks, followed by a detailed report to Congress.

  4. NSA , YOU NEED SOMETHING BETTER TO DO? says:

    Anybody else's PC going to the blue screen of death while reading AR? Are we being tapped, monitored or messed with?

  5. HERE COME THE SUN, DOO DA DOO DOO says:

    Standing and applauding 12:46. LET THE SUNSHINE IN!

  6. EWETUBE, SHEEPLE EVERYWHERE says:

    We need to start a EWEtube campaign, taking our videocams to the streets and catching the ignorance of Obamas SHEEPLE for all to see.

  7. Anonymous says:

    Please, everyone promise not to tell Obama what comes after a trillion.

  8. Rix says:

    Dead on, Rick! Great post!

    I just don't see your problem with the "banana republic". If you were a monkey leading a country, which regime you would pick?

  9. Gail B says:

    Well, NC Senator Burr wrote me a letter by snail mail! (I have yet to hear from my own GA Senators!)

    Senator Burr wrote to tell me that he voted against Sotomayor's confirmation and gave me his reasons.

    He said that he met privately with Judge Sotomayor. In the letter, he gave her credit for her academic background and called her qualities "admirable," but said, "I am concerned with Judge Sotomayor's ability to adhere to long-standing case precedent and apply the law according to a strict interpretation of the Constitution. I am troubled by her decisions in cases where she appears to have relied on something other than well-settled law to come to a decision. My fear is that she has been unable to separate her personal belief system from that of the letter of the law."

    He expressed my own feelings as well as anyone could have!

    Verify: eying (Speaks for itself!)

  10. Ian Thorpe says:

    You know Jeff, I have wondered how long it will be before Obama, when talking about the cost of the latest policy, bailout or initiative flips his pinkie to the corner of his mouth and says ONE TRILLION DOLLARS like Dr. Evil in Austin Powers movies.

  11. DR EVILS MISTRESS says:

    Ian,

    how long till Pelosi screeches "RELEASE THE GLOBE!"?

  12. IVY LEAGUE Dr. says:

    And he and his party do nothing lately but tell us to "ZIP IT!"…. you're right Ian, HE IS Dr EVIL!

    verification word: dribl
    Often done in a limo

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