As some people saw in the recent deficit graph, President Obama plans to create deficits that are just staggering. They make the ridiculous Bush deficits seem downright responsible.
So what will happen as a result?
There are 4 possible things, none of which are good for our country.
1. We’ll have to print more money to pay for the loans the government is going to have to take out to pay for these crazy programs which means increased inflation. That means your assets will become worth a lot less.
2. We’ll have to raise taxes which means a lot of productive people will work a lot less. Let me tell you, as someone writing this from an airplane having been away from my family all week, there’s no way in hell I’d work the hours I do if the government is going to take most of it. Think someone will replace the productive people? Ask Detroit how that’s working out.
3. We’ll have to cut programs which means a lot of people who are dependent on these programs will be hurt.
4. Some combination of the above.
Since I voted for Bush in 2000 and 2004 (not because I liked Bush but because there was no way I’d support Kerry or Gore) I felt pretty bad for the mes Bush made. But most people I know who supported Obama voted for him because they love him. Well, congratulations. Now he’s your mess.
I’ve pretty much lost my faith in the federal government. They steal your money and then flush it into programs that are huge wastes of time and energy.