President Obama Proposed Budget A Crime

President Obama is out with his new budget. It is projected to produce a staggering $1.6 trillion to the national debt for the year. Yes, we are talking about an annual deficit that is going UP.

Politicians kill me. The Republicans talk about cutting spending and come up with a laughable $100 billion cut for the year. President Obama and the Democrats come out with a proposed budget that will create an annual deficit of $1.6 million. This is with the economy recovering and increasing tax revenues for the government!

The truth of the matter is all the talk is just that. The system is not set up to work in a manner that plans ahead of time for a financial disaster. No Republican or Democrat is going to get really serious about cutting the deficit until disaster hits. Why? You and me.

The answer to this problem is to cut spending and raise taxes. You can’t do just one, because it won’t have a big enough impact. Now, what politician is going to come out and run on this program? None. Why? They will never get re-elected. I am no George Bush fan, but the senior Bush was the last one to try to deal with the problem. What happened? Hello Mr. Clinton.

The Federal Reserve seems to be the only party trying to deal with the debt. How is it doing so? It is gutting the value of the dollar by causing massive inflation. You know this despite what the Fed reports. Just consider the cost of your clothes, the grocery bill and so on. They are all going up aren’t they?

To verify this, look at an ETF called RJA. It is a fund that invests across a bevy of food commodities such as wheat, corn, soybeans and so on. The graph just keeps going up and up, a reflection of food prices.

What can you do about the national debt? Vote for those who are running that are serious about dealing with it. What about healthcare, abortion and other hot topics? They really won’t matter much if you can’t feed your family. A run away national debt will ultimately lead to just that.

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