A few weeks ago, there was a near-riot in Detroit as thousands of citizens lined up to get “Obama money.”
By city estimates, 65,000 poor and homeless people descended on Detroit’s Cabo Center after rumors circulated that the government would be dispersing $3,000 stimulus checks.
In actuality, the government was handing out applications to people seeking help to avoid foreclosure and homelessness. Just 3,500 of the tens of thousands of applicants will receive a cut of the stimulus funds earmarked for this purpose.
The fact that so many people would line up for a government handout is tragic enough, but the disconnect with reality that these people have is even more tragic. What makes it worse is that our politicians are even more clueless than these poor people.
If you have not listened to the street interviews conducted by WJR Talk Radio in Detroit, you should.
Ken Rogulski, WJR News reporter, asked one woman waiting in line why she was there.
“To get some money,” she said.
“What kind of money?” Rogulski asked.
“Obama money,” the woman replied.
When Rogulski asked where the money was coming from, the woman said it was from Obama. When he asked where Obama got the money, the woman replied, “I don't know. His stash. I don't know. I don't know where he got it from but he's giving it to us, to help us. We love him. That's why we voted for him. Obama! Obama!”
Of course! His stash! How silly of me. Here I have been wasting all this time worrying about the deficit and how our country would pay for all these spending programs and the answer has been right there in front of me the whole time.
Obama has a miraculous money stash.
Just as Jesus fed the five thousand with five loaves of bread and two fish, Obama is going to pull so much money out of thin air that we too will have full baskets left over when he is done.
Of course if he fails to work this miracle, then how are we going to pay for his health care program, the bailouts and all the other unfunded obligations that currently exist?
Obama, like practically every other politician and apparently a large portion of the electorate, does not seem to actually consider where this “Obama money” really originates.
This miracle money is coming out of your wallet and mine.
How much more disconnected with reality can these politicians be when they brag about a health care program costing only $900 billion as opposed to $1 trillion?
They are talking about billions and billions of dollars earned by hard-working American taxpayers. What they so cavalierly suggest is that you and me and everyone else keep working hard and just give the government our money so that they can give it to someone else.
That does not sound like a miracle to me. It sounds more like highway robbery.
Not only is this attitude incredibly arrogant, it shows that politicians, just like that woman in Detroit, do not really understand that getting more money means taking it away from the people who earned it – people who are working hard to manage their own spending and balance their own personal budgets.
“Obama money” is your money. It is being taken from you and given to people who do not have to live by the same rules you do. It is being managed and distributed by people who do not live by the same rules you do.
No miracle is going to repay our national debt. The only miracle that will save us is one of our making in which we hold our politicians accountable and demand that they stop spending “Obama money” they do not have.
As you demonstrated, there is no true link between your topic and your opinion.
To borrow money on the credit of the United States;
To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;
To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;
To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
To provide for the punishment of counterfeiting the securities and current coin of the United States;
To establish post offices and post roads;
To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries;
To constitute tribunals inferior to the Supreme Court;
To define and punish piracies and felonies committed on the high seas, and offenses against the law of nations;
To declare war, grant letters of marque and reprisal, and make rules concerning captures on land and water;
To raise and support armies, but no appropriation of money to that use shall be for a longer term than two years;
To provide and maintain a navy;
To make rules for the government and regulation of the land and naval forces;
To provide for calling forth the militia to execute the laws of the union, suppress insurrections and repel invasions;
To provide for organizing, arming, and disciplining, the militia, and for governing such part of them as may be employed in the service of the United States, reserving to the states respectively, the appointment of the officers, and the authority of training the militia according to the discipline prescribed by Congress;
To exercise exclusive legislation in all cases whatsoever, over such District (not exceeding ten miles square) as may, by cession of particular states, and the acceptance of Congress, become the seat of the government of the United States, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dockyards, and other needful buildings;--And
To make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this Constitution in the government of the United States, or in any department or officer thereof."
Congress has the power to do exactly what they've done. If you want to change it, you need to understand how changes are made, and the best place to start is with a thorough reading of the founding documents of this country.
The middle class is built and maintained by the upward mobility of the lower class. Countries that forget this don't tend to last long.
The problem with the typical Obama supporter, much like the one referenced above has to do with their attitude of entitlement. One of the consequences of such notions as "entitlements" is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence. The idea that someone is handing out "Obama Money" should strike anyone with any common sense as ludicrous...
I fear that the majority of his supporters were like the woman quoted in the article. They voted for him for two reasons: Because of the color of his skin and because of his campaign promises of wealth distribution.
This thing needs a registration system to prevent impersonators.
Come next year, it's time for We the People to clean house (and Senate!)
For the record, it was the last president that raised the debt 5 Trillion dollars, during a time that deficits could have been paid down with very little pain - and noone did a damn thing and noone started screaming 'Deficit Deficit' from the rooftops. Unless it was a worry before the administrations changed, you have no credibility with me.
Did you know that the Federal Reserve...Bernankie and NOT Obama has over $11 Trillion of our tax dollars at risk at this very moment?
Did you know that the FDIC is $10 Billion in the hole this very moment?
Do you know that Freddy Mac just wrote of another $15 Billion last quarter and is coming back for more?
Do you know that the FHA is making liar loans again and will need billions in new money by the end of the year?
Do you know how many Trillions are at risk in the Commercial Real estate markets and how much of it is a problem at the LOCAL level (noticed many new bank signs lately)?
Just so you know, the US Gov't needs to roll about $5 trillion (and increasing) every year, Commercial Real Estate has a $3 trillion refi cliff around 2014 and the banking system has a $7 trillion roll maturity by 2012. In other words the American economy will be straddled with not just the ongoing burden of issuing about $2 trillion in debt each year to finance what can only be characterized as a budget but will have to deal with roughly $15 trillion of rolling maturities.
This does not include the unfunded liabilities in Soc. Sec and Medicare and you don't even want to know that there is over $35 QUADRILLION (really)in derivatives out there that could take us ALL (WORLD FINANCES) down in flames.
We are in desperate trouble and the Federal Reserve is NOT your friend. Neither is Wall Street and you should even be careful on May Street. If you want a window into the real world of finance and how it's killing us all, copy and past the link below and read it daily instead of watching Glenn Beck or Opra!
http://www.zerohedge.com/