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We Ain't Seen Nothing Yet
Real Clear Politics ^ | Nov 26, 2009 | Victor David Hanson

Posted on 11/26/2009 7:49:42 AM PST by XHogPilot

When it comes to the problems facing this country, an old slogan comes to mind: "You Ain't Seen Nothing Yet."

High unemployment, the recession and a terrorist resurgence in Afghanistan are bad enough. But there are a number of problems on the horizon that could dwarf President Obama's first-year trials.

Why the pessimism? In short, we are doing nothing to prepare for the crises to come.

(snip)

Finally, there is an array of taxes on the horizon -- increased federal income tax rates; promised hikes in health-care surcharge taxes; and even rumors of value-added federal sales taxes. These increases are said to be aimed at the proverbial wealthy. But that could change -- given that the top 5 percent of households already provide 60 percent of the nation's income-tax revenue. And many are already paying 50 percent to 60 percent of their incomes in combined local, state, federal and payroll taxes.

Just consider. The price of gas will soon likely increase. The cost of servicing our profligate borrowing will, too. One more terrorist attack like at Fort Hood, or nightly sermons from a grandstanding Khalid Sheikh Mohammed, or a new Taliban offensive, and the momentum could shift to radical Islam in their decades-long war against the United States. Next year's tax hikes will be real and large -- and no longer just this year's idle talk.

As these storm clouds gather, Congress bickers on Saturday nights about borrowing even more money for health-care reform, yet another federal entitlement.

If you thought things have been rough so far, hang on, 'cause you ain't seen nothing yet.

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


TOPICS: Constitution/Conservatism; Editorial; Government; Politics/Elections
KEYWORDS: 111th; agenda; bho44; debt; doomandgloom; obamanomics; taxandspend; vdh; victordavishanson
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Excerpt can not do justice to another outstanding article by VDH. Too bad he's not a US politician. But I guess telling the truth consistently disqualifies him from the job.
1 posted on 11/26/2009 7:49:42 AM PST by XHogPilot
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To: XHogPilot
Just so you know, Victor Davis Hanson is a registered Democrat.
2 posted on 11/26/2009 7:53:07 AM PST by A.A. Cunningham (Barry Soetoro is a Kenyan communist)
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To: XHogPilot
If we have to pay foreign lenders 5 percent to 7 percent interest on our debt, as in the past, the increased costs will gobble up additional billions from our annual budget. Yet sadly again, we are missing this rare opportunity of low interest to pay off cheaply the trillions that we already owe. Instead, we are borrowing even more!
3 posted on 11/26/2009 8:02:16 AM PST by Starboard
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To: XHogPilot
What these friggin idiots don't understand is, you can't keep hitting the same guys up to buy the drinks. Eventually those guys say...look fellows I'm outta cash, time for someone else to buy he drinks!

Happy hour is over!

4 posted on 11/26/2009 8:11:17 AM PST by unixfox (The 13th Amendment Abolished Slavery, The 16th Amendment Reinstated It !)
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To: XHogPilot
The people in charge of our government are pathetic morons who walk around with their heads up their asses. They ignore our real problems so they could reward their green friends and grab more power for themselves. It will be a long year before we can rid ourselves of these scumbags.
5 posted on 11/26/2009 8:16:51 AM PST by peeps36 (Democrats Don't Need No Stinking Input From You Little People)
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To: unixfox
If Ra'am and Obambi were trying to destroy our economy and our sovereignty, what would they be doing differently?
6 posted on 11/26/2009 8:21:04 AM PST by Thom Pain (Defending the Constitution is CENTRIST; not RIGHT WING! Don't be labeled!)
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To: XHogPilot

And to that add a PS. There is nothing in the wings to encourage businesses and individuals to create new products and services and thus to create new jobs. In fact, everything the current administration is doing or contemplating will do just the opposite, discourage such activity. Sad, but true.


7 posted on 11/26/2009 8:26:03 AM PST by mulligan
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To: unixfox
"What these friggin idiots don't understand is, you can't keep hitting the same guys up to buy the drinks. Eventually those guys say...look fellows I'm outta cash, time for someone else to buy he drinks!"

Guess who that someone else is?......you, me, our children, grandchildren, and great grandchildren.

8 posted on 11/26/2009 8:46:41 AM PST by GreyMountainReagan ("For Death is in charge of the clattering train")
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To: XHogPilot

It’s long past time to “flush the toilet” in Washington, D.C.


9 posted on 11/26/2009 8:57:05 AM PST by Constitutional Patriot (Socialism is the cancer of humanity.)
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To: Constitutional Patriot

It’s not just DC. Many big businesses are enthusiastic partners of big government. My local private utility just joined a carbon offset lobbyist coalition set up by the Natural Resources Defense Council (or whatever they call themselves). Rather than joining the Chamber of Commerce, they’re spending millions to support the fraud.

I’m beginning to think that only a patriotic military coup is enough to shock this country out of its mess. I think that nearly all meaningful institutions have joined with the madness.


10 posted on 11/26/2009 9:03:22 AM PST by qwertypie
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To: unixfox

The rich will at first, move to low tax states, and eventually, leave the country.


11 posted on 11/26/2009 9:04:17 AM PST by stephenjohnbanker (Support our troops, and vote out the RINO's!)
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To: XHogPilot
What obama and his cohorts in Congress are doing are not what a government does when it wants to revive and strengthen a nation and its economy.

The obama Co. business model is to set us up for the fall and then let nature take its course.

It reminds me of a once healthy, robust body now weakened by internal parasites, leeches and blood sucking insects.

It's only a matter of time before a minor infection comes along and kills it. Such is the way of socialism.

12 posted on 11/26/2009 9:05:13 AM PST by GBA
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To: XHogPilot

MFLR.


13 posted on 11/26/2009 9:18:03 AM PST by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: Thom Pain
If Ra'am and Obambi were trying to destroy our economy and our sovereignty, what would they be doing differently?

Quite frankly, I can't think of a thing.

We are truly swimming in dangerous waters.

14 posted on 11/26/2009 9:21:34 AM PST by Gritty (Liberals hate America, so they assume everyone else does, too - Ann Coulter)
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To: qwertypie

Speaking to the first item you’ve mentioned: Avista, the inland Northwest utility serving the Spokane area has declared its support for cap-and-trade. Evidently, they’ve calculated that they’ll make out like bandits. Scum.

As to the second item, I agree. It will take nothing less that military intervention to rid ourselves of the new totalitarians who now control the apparatus of the American state. Military intervention and a general ‘housecleaning’ of Biblical proportions. When it goes down, as I expect that it will, it’s going to be an all-in bet for all of us. In terms of preparedness, I think I’m holding a pretty good hand.


15 posted on 11/26/2009 9:40:00 AM PST by Noumenon (Work that AQT - turn ammunition into skill. No tyrant can maintain a 300 yard perimeter forever.)
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To: Gritty; Thomas Pain
If Ra'am and Obambi were trying to destroy our economy and our sovereignty, what would they be doing differently?

Quite frankly, I can't think of a thing.

We are truly swimming in dangerous waters.

You can only reach one conclusion based on the facts.

16 posted on 11/26/2009 9:41:54 AM PST by Disambiguator
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To: peeps36

You’re whistling past the graveyard of our Republic. Fair and free elections are a thing of the past. Check your premises. You’ll find that many of them don’t apply to what Glenn Beck calls the ‘new paragigm.’


17 posted on 11/26/2009 9:41:54 AM PST by Noumenon (Work that AQT - turn ammunition into skill. No tyrant can maintain a 300 yard perimeter forever.)
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To: Thom Pain

nuttin

It seems like they can’t do it fast enough.


18 posted on 11/26/2009 10:15:16 AM PST by smokingfrog (I'm from TEXAS -- what country are YOU from?)
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To: XHogPilot

Taxation...obviously has nothing to do with “tax revenue” but with solidifying the “purchase” of the Federal gov’mt by the oligarchy.


19 posted on 11/26/2009 10:36:27 AM PST by mo
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To: XHogPilot; Tolik

bump & a ping


20 posted on 11/26/2009 10:55:44 AM PST by neverdem (Xin loi minh oi)
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