Liberal Democrats spend and borrow America into China's pocket

Here are some thoughts and opinions on various and sundry topics …
The Congressmen didn’t even read the bill. Our Congress just passed far and away the largest spending / borrowing bill in the history of the world – some $1.3 trillion – and not one of them even read what they were voting on because Speaker of the House Nancy Pelosi did not give her colleagues 24 hours to review the legislation before being forced to vote up or down.
She had a date in Rome she had to get to. Ironically, the bill that Mrs. Pelosi said must be rushed through or else sat on President Obama’s desk for four days before it was signed. That is at least four days that could have been used to explore and expose the contents of the bill to the congressmen themselves and to the American people. It is yet another reason why I have (at least for now) lost confidence in our leaders in Washington, D.C.
The Republicans have demonstrated their own problems with spending, but it pales in comparison to what the Democrats have done and are going to do. Democrats in Washington are absolutely going to spend America into extinction if they are not stopped and the Republicans don’t have the numbers to do it. I am not saying that some Democrats aren’t casting these votes with the best of intentions. But when it comes to spending money liberal Democrats are like alcoholics in a liquor store with no one around – they can’t help themselves. But then I think, they are only responding to the will of a majority of people who voted them into office to impose big government. So, in a sense, we Americans are getting what we voted for …
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Gov. Barbour has said he may not take some of the federal stimulus money if it means more taxes for Mississippians when the federal money runs out.
“If we were to take the unemployment insurance reform package that they have (in the stimulus package), it would cause us to raise taxes on employment when the money runs out, and the money will run out in a couple of years,” said Barbour on CNN. “And then we’ll have to raise the unemployment insurance tax, which is literally a tax on employment. I mean, we want more jobs. You don’t get more jobs by putting an extra tax on creating jobs.amp”
You may disagree with Barbour on this, but at least he and his staff have read the legislation and can tell Mississippians where there are expensive strings attached. And he is not alone. Other governors who have said similar things, including Bobby Jindal of Louisiana, Mark Sanford of South Carolina, Rick Perry of Texas, Sarah Palin of Alaska and C.L. Otter of Idaho, all Republicans, and Phil Bredesen of Tennessee, the lone Democrat.
Does anyone really understand where out federal government goes to get a loan for $1.3 trillion? They don’t put up any national parks for collateral. Only a small percentage of our fellow Americans even understand where this money we borrow actually comes from and an even smaller percentage of them can explain it to you. After the reading I have done of the subject the simple answer is this: The U.S. budget deficit is financed by borrowing. And more and more of that money comes from China.
Speaking of transparency, President Obama should have included this information in his State of the Union address Tuesday night. In fact, Secretary of State Hillary Clinton was in Beijing just a few days ago urging/pleading with the Communist Chinese government – one of the worst violators of human rights in the world – to keep purchasing U.S. debt. According to the Voice of America website, China is the largest holder of U.S. Treasury bonds. Our government sells these to raise cash with a promise to pay China and other purchasers back with interest. I wish Obama would have reconciled his borrowing billions of dollars from China – which really tortures its citizens – with taking his stand against “torture” defined as water-boarding a few hardcore terrorists at Guantanamo Bay.
Granted, it is a complicated world we live in today. Ideally, you would like to be consistent when it comes to not doing business with countries that deny basic human rights as does China. But we need to borrow their money, so we are compromised. It’s easier to be principled when it comes to Cuba which has nothing to offer us.
Contact Community Columnist Tim Wildmon at www.afa.org. He is a resident of Baldwyn.

 

Joe Rutherford