Lost in the Obama administration's now infamous Friday afternoon bad-news dump, we find this particularly horrific piece of news:
U.S. already $292 bln in the red this year - CBO
In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said.
That was even worse than the same period last year, when the government was on its way to posting a record $1.4 trillion deficit for the fiscal year that ended Sept. 30.
Receipts totaled $132 billion in November, the CBO estimated, down 9 percent from the same month last year.
So doing some quick math, we would arrive at an annualized deficit for 2010 of over $1.75 trillion dollars.
If the deficits continue to overshoot prior estimates, which they almost certainly will, the country is headed for total, hyper-inflationary meltdown: China and Japan will simply cease buying debt that can't be repaid.
The Madness of King Obama? Maybe, but is there a method to it? We are directed to the "The Cloward/Piven Strategy", described thusly:
...[ it is] named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven. Their goal is to overthrow capitalism by overwhelming the government bureaucracy with entitlement demands. The created crisis provides the impetus to bring about radical political change.
It is imperative that we view the American Recovery and Reinvestment Plan's spending on items like food stamps, jobless benefits, and health care through this end goal. This strategy explains why the Democrat plan to "stimulate" the economy involves massive deficit spending projects. It includes billions for ACORN and its subgroups such as SHOP and the Neighborhood Stabilization Program.
Remember that this piece was written in February 2009; it now sounds prescient:
The Cato Institute reports that the plan will harm a faltering economy, intentionally causing increased job losses leading to increased demands for the aforementioned programs. Even the jobs to be created are set apart to render social justice, not economic revival. Robert Reich believes new infrastructure jobs should not go to white construction workers. Meanwhile, workers at Microsoft, IBM, Texas Instruments, and the retail market find themselves experiencing the life of the welfare poor.
If highly educated and trained workers continue to lose jobs and business falters as a whole, where will these jobless workers go? Could this be construed as revolutionary social reorganization that puts the underachiever above the achiever? Where is the future economic strength when jobless professionals collect welfare and unemployment while dreaming of a minimum wage job? For whites, there's not even the hope of a good paying construction job.
It is not alarmist to identify this situation as a coup d'etat....
Based on what we are seeing today - 10% unemployment, weak hiring, minimal growth, and further command and control elements being implemented by our treasonous government - the above article is almost eerily prophetic. Imagine, now, that the naysayers who were right about the stimulus plan are also right about health care reform ( higher prices, worse care, more deaths) and climate change cap & trade legislation (higher prices, less jobs, more death).
It is a coup - a group of people have taken power over the government based on false promises made to the American people, and are reshaping the nation in a way that impoverishes all, but enriches the new palace guard. Never thought it could happen? Welcome to "interesting times"....
We will overcome; the Second Revolution will begin in November 2010, and will finish in January 2013. May I suggest, however, a few show trails of some of the Democrats most eager to destroy this nation? Say a Pelosi, Reid, and maybe an Obama...just so that the next group of hope and changers don't believe they can rape and pillage the nation without paying a price...