Monday, December 28, 2009


Today I am co-opting an excellent graph and article from American Thinker, one of THE places to go for real and truthful information. I am always lamenting the sad state of ignorance that fuels the misinformation disseminated in our biased media. (With all humility, I'm also always looking for the most factual information in order to come to my own judgments on important issues that are plaguing our country....and want to share what I find with my readers here.)

So here is one I found that shows what happens to Ponzi schemes by the left which only drive the American citizens into more and more dire straits...more poverty, more dependence on government, less ability to thrive, etc. If I had a magic wand, I would eradicate Medicare and Social Security altogther. This would have to now be a 'weaning' process because of the persons dependent on these programs. But it could be done. And should be done to 1. save our country from complete bankruptcy and 2. get people back on their own two feet in liberty.

In particular I want you to focus below on the interest payment and its increase as a % of GDP in the coming years. Ask yourself why on earth would you do that to your children and grandchildren? Why would you be that selfish and dumb? Why? it and weep.

With thanks from American Thinker

Randall Hoven

"Weaknesses in the economy and financial markets - and the government's response to them - have contributed to near-term increases in federal deficits, which reached a record level in fiscal year 2009. While a lot of attention has been given to the recent fiscal deterioration, the federal government faces even larger fiscal challenges that will persist long after the return of financial stability and economic growth... the long-term fiscal outlook remains unsustainable."

Government Accounting Office, October 15, 2009.

Source: GAO.

Hoven's Index for December 28, 2009

Year Medicare began running cash deficits: 2008.

Year Social Security will begin running cash deficits: 2016.

Year the Medicare trust fund will be exhausted: 2017.

Year the Social Security trust fund will be exhausted: 2037.

Source: GAO.

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