“DEBT AND DEFICIT”

TWO WORDS THAT DO NOT EXIST IN EBONICS

Some insight into the magical world of make believe

OBAMANOMICS 101

Here’s some sobering facts that I wish everyone understood: These numbers are not difficult to comprehend. Any eighth grader, at least those who graduated before 1960 can understand! 

If the Federal Government used half of the total income tax revenues to pay down the debt, it would take 32 years at the present interest rate ( almost zero) and, at 4%, 60 to 75 years, so obviously, the $16+ T debt isn’t going to be paid under any normal circumstances. It will however have to be dealt with and paid! Under the present, rather limited, philosophy in Bamaville, there’s only one possible way this can be done.

                                                        PRINT & PAY!

You and I know what this means- Massive inflation! This would be inflation such as Germany experienced after WW1. Salaries and compensation never can and never have kept up with inflation-  especially not this kind. It won’t be a question of just paying high prices for bread or milk because there won’t be any stores selling any of that.. there can’t be.!

There will be ( has to be) food riots and massive civil unrest, demonstrations along with the inevitable starvation, death, chaos etc. For the mooches who voted for bama, this will tickle me a lot!

                                                              Germans after massive inflation trying to buy a loaf of bread

Fuel will be unobtainable, workers and drivers unpaid- so no commercial trucks will be making deliveries. The farms will shut down along with the stores for the same reasons. The only vehicles’ on the roads will be BAMA trucks delivering Velveeta cheese to his congregation (the mooches). What we have seen in parts of NJ and Staten Island after Sandy are examples of the nationwide devastation that will follow the collapse of the dollar and the economy. Dependence on the 'wired society' has significant weaknesses!

The facts are there for all to see. Under a Romney administration we might have had a chance to bring some order to government, slow down the march to the "real" cliff. With a bama however, things will and must get worse and accelerate… It’s amazing to me that the libs can’t see the same facts that we do.. What, I wonder, are they smoking? Follows, some numbers representing Federal revenues from all sources. Read it carefully…..

                                               HAPPY MOOCHES LINING UP FOR THE NEW DEAL SOUP

                                                       FEDERAL REVENUES 2011

IMPORTANT: As you can see, the figures indicate total revenues to the Fed gov of $2.46T in 2011. If they took half of this and used it to pay down the $16.2T debt it would take them 17 years with no more borrowing  and at the present almost at zero rate of interest… But, at the current rate of spending, by month 7 all the money is gone and for 5 months, the idiots have to borrow to keep their giant ponzi game alive.

So, when you borrow as they do, .43 cents on every dollar, or $1.2 trillion over the 5 months, constantly adding to the debt, you can see that the actual time to pay off the debt, using half of the federal revenues, (which of course, will never happen),  is closer to 32 years- if not more.  And, without massive cuts in the entitlement budget (which bama can’t and won’t do) the debt can only be paid by printing increasingly worthless dollars.… These are inescapable facts that anyone with accounting 101 can verify.

Below is where the bucks go- this is, more or less, where our money went in 2011.

Fed budget

                                                                   REALITY WILL EVENTUALLY IMPACT

Total spending is $3.8 trillion so its easy to see that, as things are (2011), the feds, to keep the massive give away party going, borrowed $1.4 Trillion more than they took in. This is 8^th grade arithmetic. Not too difficult even for bama-dummies. Shouldn’t be…but there you are… J

As they only take in $1.16 Trillion in income tax, the Feds would have to double tax income to balance their books. (this is just not gonna happen !) and, even if it did, it's highly doubtful that a penny of that money would ever be used to pay down the debt! If taxes are doubled on the American people, especially those considered wealthy, the economy will fall into an all-out depression, collapse and fail on every level! A doomsday senario! 

This is the stupid mistake the bankrupt Europeans are making when they keep raising tax rates in the midst of a depression... National economies are like the proverbable goose that lays a golden egg. If the feds take one egg she keeps laying but when the greedy, money grubbing, swine reach in and take all the eggs the goose loses interest and they get no eggs. Squeeze the goose's neck, like the Europeans are doing, and she dies. Of course, then the idiots could make Pâté de foie gras, sit around  sip the last of their wine and watch the lights go out!

There’s 20 million Fed workers ( including the military and post office, contractors, etc.) working for over 700+ federal agencies and departments* and 14.5 million state and local employees, all of whom receive all their income from tax money confiscated from the private sector. Together, they number 34 million. Taxing them is a kind of ‘wanker’ economics (fiscal folly) and financial sophistry! The 34 million fed and state workers cannot, do not and have never produced anything resembling a profit that adds to the countries wealth and - they cannot be meaningfully taxed as all their compensation comes from private tax dollars in the first place.

* In case you don't believe they exist, to see a list of the 700 + Federal agencies and departments visit http://www.libs-stink.us/evil_democrats.htm

Out of an employed work force of about 140 million ( this used to be, more or less, the number of the gainfully employed, but probably it's a a lot less today- they aren’t saying) but, anyway, subtracting the 34 million blood sucking federal and state drones, leaves only 106 million employed in the private sector. The real figure for those still employed in the private sector in my opinion, is nearer to 92 million.

When you add to that number the 50 million welfare, food stamps, section 8, mooches and freeloaders, we see  that 92 million (makers) in the private sector are actually supporting 84 million (takers). The problem is pretty clear and Romney, Bama and all those involved know exactly what I and you do… We are very, very close to the breaking point… probably past it and being held up by PFM "plain fucking magic" and the wonderful printing presses!

Remember, out of the 150 odd million unemployed, there are millions of retired federal and state workers who are also sucking blood money from those gainfully employed in the private sector and being paid with increasingly worthless paper that the government is printing. The Feds confiscated and spent all the Social Security money years ago. Out there somewhere is a massive, truly massive public debt piling up in the area of $50 to $100 Trillion (no one seems to know). This debt can be classified as an unfunded mandate but nevertheless, it's paid every month and, every month, more and more are retiring...   

Added to the above is the unknowable and uncounted burden of the unfunded pension and retirement programs of the millions of federal, state and local workers ( public employees) all of which must be paid from funds confiscated from the gainfully employed in the private sector. Obviously, this figure is in the Trillions... No one, so far, has the courage to look into this dark financial closet to see the true size and nature of the monster hiding there! Just as with SS, not a cent has been laid aside for this by the by! Employee contributions to these accounts have been deducted but, every cent has gone into the Feds general accounts and used to further grow the cancer of government and to buy more votes from the dependant and growing underclass.

Just as an aside, when SS was first instituted, (Roosevelt,1935) there were about 16 people working for every one receiving a payment. Today, that number is down to two paying into the system for every one receiving money. If the idiots had invested the money instead of stealing it to pander for votes, the "trust fund" would be gigantic today and, being paid from a separated trust account, not reflected in the budget. 

If the federal expenditures were cut in half, ($3.8 Trillion /2 = $1.9 T), the total revenue received from taxation ($1.3 Trillion) isn’t enough to pay for even that level of expenditure by some $500 billion. Proving, I guess, that you can’t take 5 lbs of crap out of a 2 pound box!  J  

There’s a line item in the budget above called “interest.” In 2011, it was $247 billion- and this is at an almost zero interest rate. If the rate rose to 4%, this figure would be over a trillion by itself.. Eventually, the interest rate has to rise because the Federal Reserve can’t ‘print’ more money, which they must to pay the debt, without diluting the value of the currency, making it less valuable ( inflationary)  and causing us to have to pay a lot more for everything. We already are!

You see what I’m driving at. The idiots have put us in a Chinese puzzle box that, without massive changes, we can’t escape! They have signed our collective names to their bills…… we, those of us who actually pay the taxes, (not the 50% of mooches) are effectively screwed!  No way out! 

If the idiots somehow confiscated every dime in the country they could possibly pay off the debt. However, since the debt  increases every day from the five months of borrowing, paying it off is 'silly buggers' without cutting the socialist expenditures. If it was zeroed tomorrow, it would be $1.4 trillion, plus additional borrowing and interest, EVERY12 months.

We can’t tax our way out of this hole. They say, if you’ve dug yourself into a hole, the smart thing to do is stop digging. OK, good idea, but that doesn’t help much when the hole we’re in gets bigger and deeper all by itself- The hole, in this case, is the federal debt which we are adding to every minute of every hour of every day.

What we have created is a fiscal black hole that is sucking in and destroying every cent of private and public revenue in an ever increasing, ever powerful rate of increase that will eventually swallow America and then, the world!

Why are we doing this? A very good question. $1.5 TRILLION of all revenues and borrowing goes to Medicare, welfare and education. These are areas wherein the Federal government has no place being involved. Education needs to be left to the states along with welfare (mainly food stamps) which would reduce costs by half a trillion bucks. If all this federal largess were to be simply eliminated, the budget would be balanced. Of course then the libs couldn't remain in power which is, of course, their principal aim. In 2014 bamacare hits the public which, as the court said, is nothing but a massive tax which will only further depress the economy.

                                              “CAN YA LEND A HAND I’M IN KINDA DEEP!”

Short of outright default and national bankruptcy, There is only one reasonable solution to save the country from total destruction and it’s clear as the nose on your face. 1) Balance and re-structure the budget- spreading the present total revenues over 12 months instead of 7 as we presently are doing. 2) Restructure the debt, stop the borrowing and printing. Set up a long-term payment program, like 30 years. Convert all short tem debt into 30-year bonds. Of course, this will severely cut the "entitlements" and highly piss off all the obamazombies and freeloading mooches- but, hey, that's life!

When the printing stops (QE 1,2,3,4,5,6, etc.), the budget balanced and the borrowing stops, these long term notes (Federal Debt) might actually, gradually increase in value. Those held by the government, (billions today) can be sold on the worldwide markets and the proceeds used to buy down the remaining outstanding debt. (Maturity at the maker’s option) The interest payments will have to become part of the new federal budget.

As distasteful as all this will be to the dems, libs, progressive secularists, moral relativists, professional atheists, commies, unions, Marxists, mad- bombers, occupiers, anarchists, mooches and freeloaders, the alternative will be much worse! 

Regardless of the direction we go, the mooches are gong to get less and then a lot less. The Feds, if they don't do something intelligent, ( highly unlikely) will eventually have to stop with the stupid food stamps (they will become worthless) and start handing out 50 lb sacks of beans and rice. If they continue as they are, the dollar too will become less and less valuable and the prices of everything will steeply rise.. This will spiral out of control fairly quickly.

                                                         I FEEL A GREAT WAVE COMING

Whether my solutions are adopted or not… the mooches will see their ‘take’ cut drastically which pleases me enormously!  I want to see everyone who voted for bama to suffer and suffer a lot… I want them to be hungry and I want them to see them shrink. I want them to be cold and miserable.. and then let’s see how they like reality!  The truth was there all the time for all to see... Some even knew it but they wanted to rape and pillage more  free "stuff" from their bleeding and dying country- stupid greedy, blind, undeserving arsholes! J

                                          COLLEGE EDUCATED OCCUPIER AND BAMA VOTER, SORRY NOW, BUT TOO LATE.

Robert Firth

WWW.ROBERT-J-FIRTH.COM

Follows a letter I received from a reader about this article

Dear Captain Firth,

Historically, no country has ever recovered from the kind of collapse we're looking at! Rome, France, England, etc. Not a military defeat but the utter and total destruction of the social order and the economy

Germany and Japan recovered from a military defeat but only because America helped them- there's no one out there to help us!

The black pied piper is dancing at the front of a line of 150 million freeloaders who can't spell America and don't care- we ( you and I) have absolutely nothing in common with them! Yet, we're going to sink together!

Your article  spells it out in pretty clear terms and numbers- the party's over! It has been over for a long time! The day the idiots first blew the budget ( beginning the deficit) was the beginning of the end!

From then on it was only when not if the system would collapse.

I knew it and so did everyone with common sense! Romney might have slowed it down but no one could stop it.

Starting over isn't remotely possible. The millions of computers on auto pilot at the millions of offices of millions of companies will go on churning out millions and billions of bills and invoices for trillions of dollars that will go unpaid adding late fees and penalties for years or, until their stand by generators run out of fuel!

The deliveries to the millions of stores will stop because no one will pay for fuel or drive the trucks and the shops shelves will be bare but that won't matter either because no one will be there to notice!

The grid will go dark for the same reason and this will only matter to those still alive- a lot won't notice- the dead have no use for electricity !

There is and can be no soft landing this time! This is not a recession or even a depression! This is the end!
 

Sincerely,

William (Bill) Jones

New South Wales