Our Freedom

and Excessive Government Control

 

      Seeking Veracity                                         greytrek.com                                   baut0@greytrek.com

  

"OBS" (Off Balance Sheet) Financing is calculated by difference.  The components are:

  • Social Security Net Cost

  • U.S. Postal Service Net Cost

  • War Expense

  • Stimulus Funding

  • Earmarks (Federal Projects and/or Tax/Fee Credits)

  

See "Social Security and Medicare Trust Funds and the Federal Budget", May 2009

Using the same source we show some of the Spending and Deficit Informaion all the way from Carter to Obama

  

   

Check out the source for these figures:

http://www.usgovernmentspending.com/classic.html 

  
These dollar figures are consistent but the absolute debt levels may be somewhat low.  However, you can see that beginning in 2009 there is a step change in government spending, partially due to the  Bush and Obama Administration bail-outs, but also due to the excessively liberal, socialist type programs whereby the government is gaining control of the entire country.  This is irresponsible use of the peoples' money by an out-of-control, polar, Congress and an inexperienced President who campaigned on by-partisanship, now prevented by his liberal agenda.   It's not clear how the National Debt will ever be paid off.

If a family is in financial trouble, is the solution to just spend more and run up the debt even more to a level impossible to rectify??  I think not!  So why does the government think so???

Remember what Ronald Reagan said, . . . "The nearest thing to eternal life we will ever see on this earth is a government program."   And, "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

Government take over of the corporations is very frightening.  It's been reported that the Treasury Department has even resorted to forcing corporations to take TARP ("Troubled Asset Relief Program") money, in the name of patriotism . . .   This was purported necessary so that the public would not know which organizations (banks) were really in financial trouble.  If this is true, it is COVER UP and political EXTORTION!!!

Is this the end of the free enterprise system . . . . the end of capitalism . . . the end of freedom???

  
Okay . . . the debt analysis above only covers only those in the short term.  Considering the coming pressure of the "baby boomers" on entitlements such as, Social Security, Medicare and Medicaid, and insurance guarantees, the long range picture is much more serious.  A recent report in USA Today, said that the debt plus all of the entitlements (as debts) over future years amounts to 63.8 trillion dollars.  The Comptroller General of the United States under the Bush Administration has some very interesting things to say about it in the following 60 Minutes video, broadcast on July 8, 2007.  it's a piece that everyone should see!     Here's the David Walker video.

 

 

 

  
  

There is one hope and that is . . . We the People from the grass roots who are expressing their concerns.  First, see the video of a letter, read by Glenn Beck, that says it all!  Then, continue with Federal Government Chart and then a couple more videos on the following page . . . 

  
  
Preceding                                    Home                                           Next