How Obama Turned America into Venezuela

"But it's the middle class who keeps voting for this....:("

Some yes, but it's mostly the lower-class takers that vote for their bennies. That's why we're dead as a nation. To paraphrase, "Once the populace realizes they can vote themselves the national treasury, the experiment is dead". Alexander Tytler. Benjamin Franklin said something similar.

It's all but over. This nation is heading into the ash-heap of history, as so many others did when they succumbed to the "gimmes". There is no going back.

Live your life fully while smelling the flowers, protect your assets, and realize that history has gone full circle. It's over.

“Obama, like Chavez, has made economic recovery structurally impossible, perpetuating poverty in order to profit politically from the national state of misery.”

The truth rings like a bell. By amassing a debt load that can never be paid off and printing money to devalue the currency, Obama has made economic recovery structurally impossible.

At the moment we could recover. If Federal spending can be frozen at current levels, no auto increases, no baseline budgeting, no new clusterflock programs, no raises for ANYONE, no new out-go of any sort, National income growth could work down the debt. But that is the only way. If the federal debt doubles again, and it’s on track to do it within a few more Obamayears, then we are indeed done for and the only way down is default on the federal debt...Greece is doing it now. The Gleeks are writing the manual on restarting a broke gov’t. Their national income stream is so weak they can’t afford any debt so they are most likely going to default on the rest of their debt that they haven’t discounted 50% already. The Eurotrash banks know it’s coming and just hope it doesn’t hit them too fast. In this country Bill Gross (Pimco), the country’s biggest bond trader, announced some months ago that he was selling completely out of US bonds. For years I’ve been writing congresspeople to freeze spending-—you can see how well that’s working. But a few million more folks along with me could have an effect.

Or take it back.

You mean, after the money runs out for the 51%?
After the fires in the major cities burn themselves out and nothing remains to loot?

I think we'll be under military rule by then.

Like Chavez, Obama presides over a poorer country whose poor are convinced that he is the only thing standing between them and absolute poverty....The new America is not a booming economy, but a political power structure built on unsustainable spending.

That says it all, to me, right there.

The question is, how do we fix this?

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