Saturday, October 19, 2013

Hooray for Communism/Socialism?

    Congratulations to Pres. Obama! One of his campaign promises was to change the United States, and he has succeeded and continues to succeed beyond expectations.
    According to the Washington Times, he had a little difficulty with some House Republicans, which resulted in a temporary government shutdown, but they
surrendered this week by settling on a bill that reopened the government, included some special earmark projects, unlimited borrowing ability and no spending cuts. This was a complete victory for the President in his continuing program to destroy any semblance of capitalism in the US, and establish a complete Communist/Socialist government. Apparently the strategy is to drive the present government into bankruptcy which will allow the new government to arise from the ashes. His tactics of keeping his team of Administration and Congressional Democrats fully together, combined with his resolve of never surrendering, did the job..
    The day after the Republican surrender, the Treasury Department borrowed $328 billion, which beat the previous daily record of $238 billion. This brought the total national debt to $17.075 trillion. I haven't seen anything yet on how the three credit rating agencies are responding to the new debt in relation to future ability to repay. However, it is certainly moving in the right direction of bankruptcy for our Communistic/Socialistic President and Congress.

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