by Steve McCann -
The American left is the most self-indulgent, arrogant, and spoiled group of people on the face of the earth. They live in a nation facing national bankruptcy and societal upheaval — a country presently subsisting on the residue of past economic achievements. Yet the only things that matter to them are their lifestyles and imposing their self-determined superiority on rest of the American people.
The true indebtedness of the United States now exceeds $222 trillion. Appearing on National Public Radio in August of 2011 Professor Laurence J. Kotlikoff of Boston University said:
If you add up all the promises that have been made for spending obligations, and subtract all the taxes we expect to collect, the difference is $211 Trillion. This is the fiscal gap. That is our true indebtedness.
Since that interview, the indebtedness has increased by another $11 trillion. Yet these estimates do not include the full impact of ObamaCare, which could add another $17+ trillion. On the other side of the ledger: the annual Gross Domestic Product (the value of all economic activity in the U.S.) is $15.6 trillion. The indebtedness to GDP ratio is a staggering 14.2 to 1 and guaranteed to further accelerate if Barack Obama is re-elected.
The United States is not facing bankruptcy, it is bankrupt. The primary factor that has kept the nation afloat over the past four years is that the dollar, albeit temporarily, remains the world’s reserve currency, thus allowing the Federal Reserve to print enormous sums of money to cover the Obama budget deficits and flood the global market with near worthless cash. Today it requires $100.00 to purchase the same goods $10.00 purchased in 1950.
As a further comparison, the total annual GDP of all the countries on earth is $70 trillion. The American indebtedness alone exceeds that amount by a factor of 3 — which contributes mightily to a world drowning in debt and facing an inevitable debt crisis and financial collapse, which will trigger a massive global depression.
Currently, just 58.4% of the civilian population is employed, as compared to 64.3% twelve years ago. Factoring in the growth of the population during that period, this drop represents over 22 million Americans unable to find work. Since January 2009, 74% of all new jobs created in the U.S. were in the lowest-paying sectors of the economy, thereby stifling any chance of upward mobility and growth in median income which has fallen by 9% since January 2009, and average household wealth that has declined by nearly 40% over this same period. This failure is a byproduct of a tsunami of government regulations, mandates, and taxes which has nearly destroyed the innovation and business and job-creation that made the American economy so vibrant over the latter part of the 20th century. That innovation has now moved overseas, along with over 7.5 million high-paying goods-producing jobs since 2000.
The reaction of the self-described progressives to this dire scenario? Sweep the facts under the rug or ignore them completely, as it appears that the most important things in their lives are the legalization of gay marriage, free contraceptives and abortifacients, worshiping at the altar of extreme and discredited environmentalism, mocking and undermining all organized religion (except Islam), and telling the American people what they can eat, where they can live, what may be taught in their schools, how they must operate their businesses, and what health care they can access.
To the true believers on the left, re-electing Barack Obama is not a matter of what is or is not good for the country; rather, for the majority on the left, the primary motivation is geared solely toward defeating their sworn enemy: conservatives and Republicans, whom many falsely believe are a right-wing horde determined to create a theocracy and impose old-fashioned morality. But what they fear most from the right is a determination to reinstitute unfettered individual freedom and concomitant economic growth, which would relegate the American left to the back bench of American society.
Thus, to them, what the policies of Barack Obama and his radical minions are doing to the long-term fate of nation is immaterial as long as Obama regurgitates his support for the various causes that are near and dear to the coalition that makes up the left. There are two common threads to the belief system of American progressives: 1) an omnipotent central government controlled by them, and 2) an assumption that there is a bottomless pit of money to be siphoned from an equally bottomless pit of wealth. But this is not the same nation that experienced unprecedented prosperity from 1946 to 2007. It is not the same nation in which these narcissists on the left grew up, never knowing national adversity or trauma.
The manner in which these progressives, and their titular leader Barack Obama, are conducting themselves in the current campaign season is indicative of their arrogant and immature mindset. To the vast majority on the left, this campaign is merely a game played out on the playground of American politics, wherein they childishly engage in name-calling and temper tantrums reminiscent of spoiled brats determined to get their way, regardless of the consequences.
It is time to grow up and understand that the America that could absorb all the excessive spending, promises, and left-wing fun and games is no more. This nation cannot survive on its present course, and if that course is not dramatically reversed, those on the left will suffer as much as if not more than the bulk of the American people they are trying to rule. History has shown repeatedly that when an overwhelming political and social catastrophe strikes a nation, the people turn against the ruling class, often with a vengeance. In the United States, that ruling class is presently dominated by the American left.
HT: American Thinker