As if The Generational Theft Act, Auto Bailouts, Bank Bailouts the Fannie/Freddie Nationalization, etc wasn’t enough… the House passed a $410 Billion spending bill yesterday including thousands of little “porky amendments“, Obama wants a $634 Billion down payment for socialized medicine (that will actually cost a Trillion or more), and AIG (which the taxpayers’ basically already own) is looking for another bailout.
And the reason we got into this mess was people spending money they didn’t have and borrowing money they couldn’t afford to pay back, in some cases the government forcing them to do so (thank you Fannie Mae, Freddie Mac, ACORN and the Community Reinvestment Act).
Remember the old adage that money doesn’t grow on trees? The trees in Washington aren’t any different than the ones in your backyard. So while these guys increase government’s choke hold on the middle class and government entitlements that give them greater voting blocks and power… remember the money has to come from somewhere. You’ll pay for it. Your children and their grandchildren will pay much more. At some point the yolk around their neck will become too much to carry and no spending spree or socialist program will help them get back on their feet.
We’re not just talking about tax burdens here. This kind of spending and debt leads not just to economic instability but instability in all facets of our lives. See Cuba before and after Castro or the fall of the Soviet Union.
Remember the income tax and Social Security were supposed to be temporary and look at what a mess and cost those programs have given us. Just imagine what the next generation will face with government run banks, socialized medicine and the rest of the boondoggles now being shoved down our throats.
We are all witness to history alright, but its not the kind of thing you will want to brag to your children about.
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