For reasons known only to him, President Obama avoids certain Bible verses:
Proverbs 19:10 (NIV): “It is not fitting for a fool to live in luxury – how much worse for a slave to rule over princes!”
Also Proverbs 30:22 (NIV) which says that the earth cannot bear up under “a servant who becomes king.”

For Macko, nothing “brilliant” about what they the Statists are doing. After all, if you control the votes, it doesn’t take an Einstein to learn how to say “Yea”, and with an electorate dumbed down by the media and academia, it doesn’t require more than the glittering generalities of rhetoric and meaningless promises strongly delivered, and enough dead voters (the buried kind and the braindead kind) to win an election.

So, with this model the way to create new money is easy to enunciate, and easy to understand if not to do. Just require that all new money be used (by government in particular) to create and manufacture new market wealth worth more in the market than the cost to produce it. The measure of increase in value by the effort (profit) is the measure of the amount of new money that is being created by the effort. This is because all money in circulation does not have an inherent value — it only has a derivative value, derived from the inherent value of the market wealth that it is exchanged for. Free give aways from the government don’t count since don’t go into the market and they can’t render value to any money in circulation by attracting and absorbing it in exchange.

Increase profit, and you increase money. Money is congealed profit. This in a nutshell is why captitalism, the pursuit of profit, works, making us all richer as measured by the growth of money, the new presence of which allows for more creativity and production of usable, and cheaper, wealth. It is also why socialism, organized governmental consumption which adds nothing to the market and just uses up the money capitalism created, is doomed to the same starvation, cannabilism, work camps, gulags, societal breakdown and ultimate war and disease that we saw with Lenin in 1919-1921 and with Stalin ten years later and with Mao in the mid-50′s (and with Pol Pot, and Cesaescu, and Castro, and Kim Jung-Il, etc.). Not an accident folks. Which side of history does Obama really want to fall on?

(Just think if government decided to compete with the monopolists and oligopolists by creating a profit with its newly printed money instead of consuming it, we would not have to pay taxes and we’d all be alot richer by that fact alone. Dream on, but that’s your answer — Quantum Economics). There is no other.

http://greensrealworld.blogspot.com/2009/05/why-bigger-government-is-bad-thing.html

Leap in U.S. debt hits taxpayers with 12% more red ink
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Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows.
The 12% rise in red ink in 2008 stems from an explosion of federal borrowing during the recession, plus an aging population driving up the costs of Medicare and Social Security.

That’s the biggest leap in the long-term burden on taxpayers since a Medicare prescription drug benefit was added in 2003.

The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That’s quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

“We have a huge implicit mortgage on every household in America — except, unlike a real mortgage, it’s not backed up by a house,” says David Walker, former U.S. comptroller general, the government’s top auditor.

FIND MORE STORIES IN: United States House of Representatives | Baby Boomer | Tax
USA TODAY used federal data to compute all government liabilities, from Treasury bonds to Medicare to military pensions.

Bottom line: The government took on $6.8 trillion in new obligations in 2008, pushing the total owed to a record $63.8 trillion.

The numbers measure what’s needed today — set aside in a lump sum, earning interest — to pay benefits that won’t be covered by future taxes.

Congress can reduce or increase the burden by changing laws that determine taxes and benefits for programs such as Medicare and Social Security.

Rep. Jim Cooper, D-Tenn., says exploding debt has focused attention on the government’s financial challenges. “More and more, people are worried about our fiscal future,” he says.

Key federal obligations:

• Social Security. It will grow by 1 million to 2 million beneficiaries a year from 2008 through 2032, up from 500,000 a year in the 1990s, its actuaries say. Average benefit: $12,089 in 2008.

• Medicare. More than 1 million a year will enroll starting in 2011 when the first Baby Boomer turns 65. Average 2008 benefit: $11,018.

•Retirement programs. Congress has not set aside money to pay military and civil servant pensions or health care for retirees. These unfunded obligations have increased an average of $300 billion a year since 2003 and now stand at $5.3 trillion.
***** SIMPLY PUT OBAMA IS DESTROYING AMERICA ON PURPOSE***** !

This 25% Sales Tax is a bad idea & dead on arrival given the 2010 elections are coming. But one must be vigilant.

Eventually, the cracks will get deeper and wider. At some point the whole Fantasy Edifice is going to fall apart, and the sheeple who voted for The Great One will finally begin to realize they’ve been had. Also, foreign policy will be a mess and our enemies are going to be emboldened to show their fangs and use them.

These are going to be a horrific four years. I hope we can recover from them. But first we have to get things moving in a different direction for 2010 and beyond.