Thursday, December 27, 2012

Cliff or not, disaster is here

Whether this nation falls over the "fiscal  cliff" or kicks the can down the road again,  with some actions that make conditions even worse, will be known in a couple of days.  When I speak of making conditions even worse, I particularly refer to Obama's proposals that will have us spending 55 per cent more than in 2012.




Contrary to more spending we need to take action to reduce spending and create jobs in order that we will have more people working and paying taxes while fewer people are milking the government.

Let's be brutally honest here.  Talk of cutting  welfare programs, and I include extension of unemployment pay as welfare, is meaningless.  We have gone too far on entitlements to pull back now.  Disaster of our economy is just ahead.   Half of the government's bills are paid with newly printed money, guaranteeing hyper inflation lies ahead with the dollar becoming near worthless.

I wish that I could offer a glimpse of hope, but we have let ourselves get too far with welfare that makes the recipients better off financially than if they worked.  That word "entitlement" tells the story.  When we decided that people were "entitled," politicians competed in offering  greater and greater benefits.  Thus disaster for the economy.

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