President Obama Claus

The ‘kinda State of the Union’ was really amazing.  We had the President of United States declare that things are tough, we’ll get better, we’ll restore credit, we’ll cut the deficit, we’ll give everyone free education, we’ll give everyone free healthcare and we’re gonna cure cancer… all in one speech!

All I can say is ‘wow’… how about you pay off everybody’s mortgage while you’re at it.  ’Don’t be stupid…’ you might say to me.  Well, did you know that the grand total of the ‘Spending Stimulus’ is actually enough to pay something like > 90% of everybody’s mortgages in the United States.  And where is the money coming from by the way?  Tax rises are the on the way for those productive evil and greedy people earning over $250 000/year.  They’ll also let the Bush tax cut expire in a couple of years.  But will that be enough to pay off all of this reckless spending?  Not even close.

So really… where’s the money coming from?  Like I’ve said a million times before: issuing bonds (selling debt) and printing money.  Way to go guys… really, superb logic.  How about you drastically cut government spending and taxes?  How about abandoning programs you can’t afford like Medicare, Medicaid, Social security, bailouts and guarantees?  ’No… that would be responsible of us.  We can’t afford to do that,’ I hear them cry.  Oh man…

Glad I’m not an American… oh wait, they’re doing the same thing here in Australia.  Really, pray for your leaders to get it right.

God bless,

Washo