Saturday, January 14, 2012

Our Vampire Government

The federal government’s primary role is to protect the people and their private property; instead it is draining the life-blood out of the real economy at a staggering velocity.  In 2011 the Federal Government spent $1.3 trillion more than it took in to pay for programs that it cannot afford and has no Constitutional authority to do.  In 2012 our national debt will climb to a record $16.8 trillion dollars and the Obama Administration has promised to maintain this spending and borrowing spree indefinitely.

Each year the Federal Government spends billions of dollars on boondoggle projects such as President Obama’s failed “stimulus” program, annual aid to foreign dictators, and subsidies for special interest businesses like Solyndra.  Each year the Federal Government drains billions of dollars from the real economy through its inefficient and corrupt monopoly agencies like the department of education that has yet to educate one child and the National Labor Board that does its best to make American Workers uncompetitive in the global market.  When unions and/or politically-favored private sector companies like General Motors get into trouble billions of dollars in bailout money (i.e. your tax dollars) are exchanged for votes.

Right now the Federal Government monopoly entity called the Post Office is in the red to the tune of at least $10 billion. No problem, more tax money will be drained vampire-like from your wallet to bail out its failure.  The corrupt and failed government monopoly entities Fannie Mae and Freddy Mac are bleeding billions of tax payer dollars but they have been nationalized by Mr. Obama and thus bailed out.  The Federal Government has had its teeth in the retirement business for decades in the form of the so-called Social Security Program.  Social Security and Medicare are government-run monopolies.  Together these programs have amassed trillions in unfunded liabilities and are unsustainable.  These and other “entitlement” programs are sucking the life-blood out of the economy (i.e. your wallet) at record speed.

In 2014 a new, far-reaching law, known popularly as Obama Care, will take effect. Obama Care will give government vast control over the already heavily socialized US Health Care Industry.  With this massive bite into what’s left of the private health care and health insurance industries the Federal Government has laid the groundwork for a socialist style take over of this huge section of our economy.

The primary role of the Federal Government is to protect the people and their private property. In 2011 the Federal Government spent $1.3 trillion more than it took in to pay for programs that it cannot afford and has no Constitutional authority to do. Rather than protecting us our Federal Government has become a vampire bent on draining the life-blood out of the real economy.

By Mark Van Schuyver

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