Obama’s debt commission warns of fiscal ‘cancer’

deeply in debt couple

deeply in debt couple

“I don’t know that I’ve every heard a gloomier picture painted that created more hope for me,” said Arkansas Gov. Mike Beebe (D). I have no idea what’s going to happen on Election Day but it’s going to be disruptive . . .,” he said. “It’s going to be a big wake-up call around the whole United States. I have no idea where it’s going, but thank heaven we have a month then to work through the wreckage.”

This is Bernanke pushing his extremist neo-con economic agenda to the next phase. First he creates the deficits, and economic crisis, himself, that he deplores, by nefarious means, then he blames the government and its so-called “entitlement programs” for the state of the economy, and, finally, he recommends further impoverishing and disenfranchising of the average citizen as the solution to the problem.

What Bernanke really wants now is to free up the U.S. social security nest egg for private sector investors so that his friends and political benefactors on Wall Street can steal all of that money. How can such a bad man taken seriously by people?

“Never let a good crisis go to waste” is a phrase often quoted by the Obongo team. This is part of the Obama machine plan to allow the US economy to tank, use the crisis (which were largely caused by the feds, Freddie, Fannie, sub-prime loans, etc..) to gain government control of huge parts of the private sector, redistribute wealth, keep themselves and their rich powerful pals in positions of power, and enact their own idea of social justice.

Obama has Marxist roots if you study his past, his mentors, and his friends. You cannot deny his past and his leanings. He knows exactly what he is doing to the US, aided and abetted by the leftist Democrats. He is following Saul Ailinsky’s “Rules for Radicals” to a tee in order to pursue his socialist agenda. The problem is that not only will the US citizen suffer but also the world will suffer because of it.

Washington Post Staff Writer
Monday, July 12, 2010

BOSTON — The co-chairmen of President Obama‘s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer “that will destroy the country from within” unless checked by tough action in Washington.

The two leaders — former Republican senator Alan Simpson of Wyoming and Erskine Bowles, White House chief of staff under President Bill Clinton — sought to build support for the work of the commission, whose recommendations due later this year are likely to spark a fierce debate in Congress.

“There are many who hope we fail,” Simpson said at the closing session of the National Governors Association annual meeting. He called the 18-member commission “good people with deep, deep differences” who know the odds of success “are rather harrowing.”

(Graphic: President Obama’s proposed 2011 budget explained)

Bowles said that unlike the current economic crisis, which was largely unforeseen before it hit in fall 2008, the coming fiscal calamity is staring the country in the face. “This one is as clear as a bell,” he said. “This debt is like a cancer.”

The commission leaders said that, at present, federal revenue is fully consumed by three programs: Social Security, Medicare and Medicaid. “The rest of the federal government, including fighting two wars, homeland security, education, art, culture, you name it, veterans — the whole rest of the discretionary budget is being financed by China and other countries,” Simpson said.

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