The Cost of Socialism, what the United States has to look forward to.
This post is dedicated to those supporting the Liberal Democrat Socialist Party of the United States, who embrace entitlement programs they call "safety nets," are ignorant of the way a private sector economy works, and do not know the meaning of, but frequently use, words like "suffering" and "poverty."
The average poor American has a higher standard of living than the average European. Let me show you what Liberals are trying to push us toward, and where we will end up. Please tell me more about how socialist countries are doing just fine, and we should follow their lead because they are "Progressive."
Obama doesn't like big oil. He banned drilling in the Gulf of Mexico and stopped the building of the Keystone oil pipeline from Alaska. Recently, Iran threatened again to block the Straight of Hormuz, causing oil to go back on an upward trend. If it was not for new technologies enabling the North Dakota oil boom, the cost of oil would be even higher. Rising oil costs cause every single product to go up in price, because everything needs to be transported, and the cost of transportation is included in the price. In the following video, Britain's food costs skyrocket, causing many to starve and resort to food banks:
In Obama's "Affordable" Healthcare Act the Independent Payment Advisory Board will be in charge of rationing. Obamacare: The right to healthcare insurance, but no right to treatment. How would you like a bureaucrat deciding whether you are important enough to receive medical treatment? A British National Health Service bureaucrat talks about keeping decisions between patients and doctors, then defends rationing of care by zip code:
The US has a $16 Trillion debt, and spends every penny of what they receive in Social Security tax it does not pay out each year. Entitlement spending like foodstamps, Social Security, Medicare, and now Obamacare dwarfs anything else in our country's spending. When the mindset of entitlement sets in, the use of national debt as a funding mechanism is exhausted, and politicians have no choice but to reign it all in, this is what happens: The Greek austerity riots.
The Fed is looking into more "quantitative easing" today. All this means is they are going to print more money hoping it will somehow spur economic growth. Fed Chief Ben Bernake is an idiot. The more money that is printed, the less it is worth, and this only accomplishes the goal of taking buying power out of your pocket and placing into the hands of the government. The issue today is not that there isn't enough paper money, it's that in this economic climate and the uncertainty that comes from Obamacare, businesses are afraid of spending their cash. Printing will not cause people to spend their money, it will only make money worthless. Here's a video on the Hyperinflation in Zimbabwe:
Liberals have no new ideas. All of their "Progressive" ideas have been tried, and they have failed. Using the word "Progressive" to describe Liberals is an oxymoron, as they continue to spout ideas from yesteryear pretending they are "new" and "modern." Here's news: The laws of economics haven't changed.
Youtube: More rioting and looting in Greece
