Are you ready to pay more?
By Ken Hildebrandpeople in Greece and France have turned against their governments and the eurozone sweats out the results of the unrest you need to ask yourself, “Are we next?”
Can we get ourselves out of the mess that the government has gotten us in to or are we going to have to pay more?
The runaway spending by governments all over the world has created a financial crisis the likes of which have never been seen in history.
Now they are going broke, but this very well may have been the plan all along.
Central banks lend money to the government, charge interest on these loans, and then, when they can’t pay, come in and lend more, with strings of course.
They take land and resources as collateral for the new debt. In some cases, they even dictate domestic policy and demand changes.
They also know that there is no way that this will ever be paid back as once a nation falls into the black hole of debt there is no way to get out without refusing to pay back the debts.
Are we headed down this path? I think we are.
The spending in Washington has not been curtailed in the slightest. Obama care, so-called green jobs and other types of spending are going to send us over the edge and into the abyss of financial ruin.
They call Social Security an entitlement program that needs to be overhauled. That has been tried for the last 40 years.
Every time someone comes up with a plan it is demonized and that’s the last you hear about it. The funny thing is the people have paid for Social Security already and the government has stolen the funds.
It has never been how many workers there are per recipient but how much the government has taken from the fund and they have taken it all.
They never saw it as a retirement fund for the tax payers. They saw it as a slush fund to be used any way they wanted. Now the piper has to be paid.
Fifteen trillion and growing with no end in sight. We now owe more than the GDP of the country and the liberal lefts answer is to tax the rich.
If you took all of the wealth of the rich you wouldn’t make a dent. It’s a distraction. What will they do when the debt is twenty trillion? Thirty trillion? Forty?
How did this happen to us? Well, for one, the government doesn’t make anything, they just cover their overhead. And they don’t create jobs they just create more overhead.
Our manufacturing jobs, you know the high paying ones, have been sent overseas and now foreign construction workers are brought here to do what has, historically speaking, been our job.
With lower paying jobs in the service industry comes lower tax revenue. Lower tax revenue means we can’t even keep up with the interest payments on our massive debt obligations.
So what does this all mean? Are we going the way of Greece and other European nations?
It may be too late to save the Republic but you can always ask the ever popular question at your new job, “Do you want fries with that?”
Edited by Madison Ruppert
Ken Hildebrand is the host of the Information Nation on the Orion Talk Radio Network. The Information Nation airs 6:00-8:00 PM PST/9:00-11:00 PM EST immediately before End the Lie Radio. Be sure to tune in to both for four hours of informative talk radio. It is the absolute best way to cap off your weekend and start off a new week, guaranteed!