Oh, joy. President Obama said last night that the federal government is the ONLY institution with the wherewithal to pull our economy out of the pit (that’s a socialistic mantra if I’ve ever heard one). Today the Senate brainiacs in Washington passed the 850 Billion dollar “spendulous” package. And the markets jumped for joy, right?
Wrong. They plummeted. Again.
If the economic stimulus package put together is so good, why did the stock market drop?
Maybe it has something to do with the fact that we don’t HAVE 850 Billion dollars sitting around to be distributed. Our government is already so far in debt that it will take a lot of digging to get out from under the foreign lenders. We already have a crisis trying to fund the biggest Ponzi scheme ever initiated — social security.
Old Soloman was pretty wise when he said in Proverbs 22,
Direct your children onto the right path,
and when they are older, they will not leave it.
Just as the rich rule the poor,
so the borrower is servant to the lender.
Those who plant injustice will harvest disaster,
and their reign of terror will come to an end.
The reason the banks tanked is because the feds stuck their noses into the mortgage business. They FORCED banks to make risky loans to home buyers…and now we are all reaping what they sowed.
The question nobody is asking is this: who is holding our chains? To whom will our nation be a slave? With all of this borrowing, we’ll be a slave to someone. If we aren’t very careful, we might wake up one morning to find we have a new national language that isn’t English.