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Let the rhetoric continue

It’s easy to sit in judgment in advance Obama’s jobs speech. To begin with, he’s not yet spoken, yet it seems fairly obvious what he is likely to say since he has said it in so many ways before. Then there’s the problem that what he might suggest can’t possibly work and won’t be allowed to make it through Congress anyway.

He will point to the need for judicious cuts in taxes down the road (for now, just extending the payroll tax), while spending a few billion immediately on infrastructure projects, extending  unemployment benefits and possibly trimming away at “some of the excesses” of social programs to spur job growth. That’s another roughly $300 billion to be added to the tab of our indebtedness to China. So far, this blog could have been written by a good Republican, right?

Obama is nothing if not predictable, which is depressing in and of itself. The problem here is that he and the entire congress seem to willfully ignore the ogre in the room. There would be no need now to borrow from China, to raise taxes or to put social programs on a diet had we no so foolishly invested in multiple wars of choice, and we wouldn’t be forced now to reconsider taxing Americans more and eliminating social  dignities just as the baby boomers are being sent out to pasture if we simply stopped to think before entering into those wars.

Let us remember that Bill Clinton put the country briefly in the black for the first time in many years, albeit robbing from the Social Security fund to accomplish it. It is China who has funded our occupations of Afghanistan and Iraq as well as our share of NATO’s thuggery in Libya, Yemen, Egypt and—count on it—Syria.

That’s a quick $3 trillion in debt Junior and Obama have racked up in our name, all for the sake of securing control of the sales of oil. That war is already lost, but we are all on the hook to pay China back for the misadventure anyway. It seems so insanely easy to see the solution to this country’s economic woes, what and who caused them, and the best way to make them go away, yet our hired help in Washington refuse to acknowledge or act upon the obvious.

The reasons for this are of course complex, and best suited to a more politically oriented site.

Structured Settlements