Obama campaign literature from 2008 :
The Problem Increasing Debt:
Under President Bush, the federal debt has increased from $5.7 trillion to $8.8 trillion, an increase of more than 50 percent.
In four years, Obama has nearly doubled the national debt.
Barack Obama and Joe Biden’s Record
PAYGO: Obama voted in 2005, 2006, and 2007 to reinstate payasyougo (PAYGO) federal budget rules.
He has overspent by nearly $8 trillion dollars.
Against Raising the Federal Debt Limit:
In 2006, Obama voted against misguided Republican efforts to raise the statutory debt limit
moveleft.org/obamas_promises/www-barackobama-com_issues_fiscal.pdf
He now attacks and threatens anyone who doesn’t agree to raise the debt limit.
Kill the Country
http://youtu.be/chk6HLDaVes
Reblogged this on Gds44's Blog.
“The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.”
Alexis de Tocqueville
tckev, I post about this from time to time because countless people have been trying to track down the true source of this quote forever because it is truly prophetic, profound and critical to understanding the biggest flaw in our system. There are attributions to Benjamin Franklin, Alexis de Tocqueville, Alexander Tytler. Some have even attributed it to Marx. Even Wikipedia is on the case and now list it as misattributed …
Whoever wrote this, it certainly is the truest apocryphal wisdom ever uttered regarding America. It is a perfect description of what happens when the cancer of Socialism is introduced into a healthy free society. It exposes the entire gameplan of the Democratic-Socialist party masquerading as both Santa Claus and Robin Hood (let’s call it Santa Hood). Personally I would not be surprised if it were uttered by Madison or even Hamilton in the Federalist Papers era though it would seem likely that the source would have turned up by now. Or maybe it was a disappointed Anti-Federalist watching the colonies ratify the new Constitution. Regardless, Truer words were never spoken.
We may never learn the true source, which is a shame really. Perhaps one day when all old newspapers and tons of microfilm are scanned and OCR’d to plaintext, and searchable instead of being stashed behind paywalled websites, then we might turn up who that genius was.
Thanks very much, I knew some of this but you have added some meat to my bare bones of knowledge.
I also agree that it is prophetically accurate quote of what has happened and still happening.
Ultimately, the only way our national debt will be repaid is in worthless hyper-inflated dollars. That is how the Revolutionary War was paid for. The currency then was called the “continental.” Many veterans were left holding worthless currency resulting in the saying, “not worth a continental” for utter worthlessness. However, this hyperinflation is not likely to happen for a very long time. The U.S. can get away with it for many reasons until the dollar ceases to serve effectively as the international and reserve currency.