I can make the following remark because I am neither Democrat or Republican.
“No one, not even those Republican-bashing Democrats way out in left field who support the present administration’s policies can deny our country is in debt, big debt.”
Nobody sneezes at thirteen plus trillion bucks in the hole.
So what is the Fed doing about it? In all their so-called wisdom, they are printing more money. They’re buying debt with debt, according to Bob Livingston. “It’s shuffling money piles around. It’s taking money from one pocket and putting it into another.”
Meanwhile, writes Laurence Kotlikoff of Bloomberg News, the International Monetary Fund declares the United States is essentially bankrupt.
I can remember back in the post war years reading how well the automobile factories up North paid. The amount was a few times the $3,900 I earned my first teaching year in 1959.
Don’t misunderstand. That’s no complaint. I could’ve moved north for one the jobs, but I opted to teach. So, I’m not complaining.
It is just that over the years, I noticed, as I’m sure you, the increasing number of imports, some good, some shabby, but all produced at a wage considerably less than what I made as a teacher. I don’t think it is a stretch to say that during any year in my career, if I’d had that income and lived in one of those countries, I would have been considered wealthy.
That’s when I began to wonder when the bubble would burst.
Now it has.
And our government isn’t really helping us in the long term by continually printing up money and handing it out.
On the one hand, I’m glad for those teachers and firemen and police the last bailout bill helped. But then, I resent it because the 39 billion is not paid for. It is just another chunk added to the debt.
The bill kicked unemployment up to 99 weeks, almost two years. If I were in the unemployed shoes, I’d be grateful for it, but what will help more than the benefits are jobs.
It is a Catch 22!
What is so disgusting is that there are businesses wanting to hire workers, but cannot find qualified employees.
According to the Personal Liberal Digest, Mechanical Devices, which supplies parts for heavy equipment manufacturers like Caterpillar, say they’ve been looking for $13 per hour machinists for months. If they could hire forty, the company’s sales would increase by as much a 20 percent.
Trips to job fairs have been almost fruitless, said Mark Sperry, co-owner of Mechanical Devices. Many of the applicants just go through the motions so they could continue to collect unemployment checks.
A 52 year-old mechanic in North Carolina told The Journal he had turned down more than a dozen offers in the 59 weeks he’s been unemployed because they didn’t pay more than the $450 a week he collects for unemployment.
This is happening all over the country, said Bob Livingston. People used to making fifty to sixty thousand a year are not willing to take a thirty thousand dollar a year job when they can sit home drawing $23,000 per year and do it for two years.
Jobs are out there. Maybe not the plush jobs, unless you’re a federal employee. Federal civil servants earned an average $123,000 per year in salary and benefits in 2009 compared to the private sector that made about $61,000.
The present administration, in an election year vote-buying scheme, prints more money, passes it along to certain states to save state jobs. I told you who received the money in those states, teachers, firefighters, and police, each with unions that were among Obama’s and the Demo’s biggest supporters. (no, Texas isn’t one of those states)
What the present administration is doing is creating an ever-growing dependency class of government workers and handout takers, all of whom just happen to be voters. And for whom do you think they’ll vote? Not George W!
Don’t anyone try to convince me we aren’t on the yellow brick road to socialism!
What else can you call it?
Tell you what. Read Ecclesiastes 10:2.
Think the Lord doesn’t know what He’s talking about?