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NUGENT: America's economic hari-kari
Washington Times ^ | 7/23/2010 | Ted Nugent

Posted on 07/25/2010 5:18:22 PM PDT by television is just wrong

Anyone with a lick of common sense will tell you that when you are in a hole, you need to quit digging. Continuing to dig will only create a larger problem. Do schools teach this? Recently, even President Obama's national debt commission told him that his continuing spending orgy is digging America into a gigantic fiscal hole. Next year, America's total debt is expected to exceed $14 trillion. Each American's share of that debt totals just short of $50,000. If Fedzilla would be honest and put all the figures on the table, we would see that we are in debt more than $100 trillion because of the financial obligations for Social Security, Medicare and Medicaid. That's $100 trillion. One hundred percent predictable, 100 percent preventable. This gigantic level of borrowing and spending is unsustainable by any measure, by any means. The only real reason Fedzilla would do such a thing would be that those currently in charge want to destroy America and turn us into a Third World nation.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy
KEYWORDS: economy; obama; tednugent
Ted is a really smart commentator we need more of.
1 posted on 07/25/2010 5:18:27 PM PDT by television is just wrong
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To: television is just wrong

“The only real reason Fedzilla would do such a thing would be that those currently in charge want to destroy America and turn us into a Third World nation.”

We’ve seen it countless times in recent history: Mao, Lenin, Stalin, Chavez, Castro, Mugabe. Destroy the productive class and redistribute the spoils. As we know, without a large vibrant productive class there are only enough goodies to supply the governing elites.


2 posted on 07/25/2010 5:43:29 PM PDT by Soul of the South (When times are tough the tough get going.)
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To: Titan Magroyne
*Brother Nuge ping*


3 posted on 07/26/2010 12:39:59 PM PDT by Drumbo ("Democracy can withstand anything but democrats." - Jubal Harshaw (Robert A. Heinlein))
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To: Soul of the South
"As we know, without a large vibrant productive class there are only enough goodies to supply the governing elites."

Can we de-authorise presidential protection/pensions etc etc

I personally like the one going round re -- Congress shall inact NO LAW that does not pertain to ITSELF,as it does to ordinary citizens.....

4 posted on 07/26/2010 12:45:57 PM PDT by litehaus (A memory tooooo longt A)
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