By Alden L. Benton
For months, there has been much ado about the fight for 28 Republican Party Convention delegates that amount to slightly over one per cent of the total delegates, and merely 2.4 per cent of the delegates needed to secure the nomination.
However, among the brickbats, insults, mud, punches, and counter-punches of the campaign, the mainstream, media, otherwise known as the president’s lap dogs, have ignored a monster under our beds. The monster is the national debt.
According to the website zerohedge.com, the United States closed 2011 with a staggering record debt of $15,222,940,045,451.09.
I guess the nine cents is the change Obama promised us in 2008.
This debt is not static, it is growing every second, every minute, every day. To watch the national debt grow in real-time, check out the U.S Debt Clock here.
What is even more frightening is that the debt now represents 100.3 per cent of the United States Gross Domestic Product (GDP). Investorwords.com defines GDP as “The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports.”
The bottom line is that the United States owes more that it produces. This is unsustainable debt does not even include Social Security, Medicare, and Medicaid obligations. These figures are also on the U.S. Debt Clock.
In the hullabaloo over raising the debt ceiling last summer, Congress and the president concocted a smoke and mirror trick worthy of the Great Houdini. First, it was the deigned-to-fail debt reduction super committee. We all know how well that worked.
Now the debt is within $14 billion of the ceiling. The problem is that Congress ceded some of its critical Constitutional powers to the president in the debt ceiling deal. When the debt hits its ceiling, the ceiling is now AUTOMATICALLY increased.
Additionally, if Congress does not want to increase the debt ceiling, they must pass legislation to cap the increases. Of course, our spendthrift president will veto any such bill and the Congress, as configured, could not muster enough votes to override the veto.
And the beat goes on, the drumbeat of the United States marching to financial ruin.
The Heritage Foundation ranked presidents from John F. Kennedy through B. Hussein Obama based on budget deficits as a percentage of GDP. According to the Heritage Foundation,
“Over the past 50 years, 10 U.S. presidents have made annual budget requests to Congress, projecting deficits both big and small. But no other president compares to Barack Obama when it comes to the size and scale of the current budget deficit facing the United States.
The country is facing an 8.3 per cent estimated average national deficit of a two-term Obama administration — the biggest of the past 50 years. By comparison, the current estimate for Obama is nearly double the percentage under Presidents Ronald Reagan and George H.W. Bush — and they were fighting the Cold War.”
The most recent Rasmussen survey, conducted the week before Christmas, reports fully 72 per cent of the likely voters polled feel the United States is on the wrong track. The average of the poll taken weekly throughout 2011 shows fully 68 per cent feel we are going in the wrong direction.
The United States is in imminent danger; a danger that emanates from the crushing debt spawned by an ever-expanding, overarching government.
There is but one hope, and that is to radically alter the course of the ship of state. We must remove Obama and his henchmen and enablers from power. However, we must also replace them with honorable men and women of integrity; patriots who are dedicated to saving America and restoring it to its former greatness.
As you peruse the results of the Iowan caucuses, ignore the hype and hyperbole and think carefully about the candidate you finally select to replace B. Hussein Obama and remember that Obama IS the monster under the bed.
Original blog content copyright 2011/2012 by Alden L Benton/Independence Creek Enterprises.
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