While liberal pundits and media types this week had their hissy fit over Rand Paul's spot-on comments about how a portion of the Civil rights Act of 1964 is unconstitutional and un-American, those of us who really care about the future of the United States took notice of how the current administration is destroying it.
Now, before you say this is just another rant by a fire breathing libertarian bent on desecrating the good name of the president, read on. In a recent Rasmussen poll, 67 percent of Americans agree with me that the nation is on the wrong track. Only 28 percent think things are hunky dory. Of course, the president?s approval rating continues to languish below fifty percent. Even with his success in passing nationalized health care, he just can't seem to enjoy the support of a majority of Americans.
So, what specifically is wrong with the direction of the country? For one thing, the government just reported that it passed the $13 trillion debt mark. Now, many will say, so what? We have had higher debt-to-GDP ratios in our nation's history and our economy is big enough to weather the storm. That could be the attitude of the president as well, since in just 16 months in office he is responsible for nearly $2.4 trillion of that total. It is true that just after World War II our debt-to-GDP ratio was higher (120 percent) than it is now, but honestly, our national debt is much higher than the $13 trillion that Uncle Scam reports. We have to take into account the future unfunded liabilities of Social Security and Medicare. When those future commitments are added in, the current ratio is off the chart at 435 percent. Even if we only consider the bogus government debt number of $13 trillion, when Bernanke and his counterfeiters at the Fed eventually raise interest rates significantly to combat the hyper-inflation caused by their fraudulent acts, the interest alone on the debt will bust the federal treasury. Foreign lenders will disappear and the French Revolution will look like a walk in the park compared to what will happen on American streets.