Does anybody wonder what happened to the 12 trillion dollars of new debt that Obama created since he took office in 2008? How can it be possible to spend, what amounts to the entire unfunded liability of The United States of America, plus 50% in just eight years?
The answer is not as complicated as one might think. Most Americans go to work, deposit their income in an account and spend the money according to priority. If their expenses are greater than what they earn, they borrow the rest, or sell something they can live without to make up the difference.
The Federal Government works in much the same way except they can cheat the normal boundaries that most of us are confined to. The first thing that can be done is to regulate the rate of interest that is earned on deposits. The next is to print more or less money, lowering or raising the actual value of it. The third, and probably most importantly, is to sell something that is not needed, unfortunately, that happens to be in the form of printed documents known as U.S.Treasuries, Securities, and Bonds, all of which can adversely affect the U.S. economy, depending on the manner in which they are used.
Just like when a person sells a car, they try to get the most money they can at the time of the sale, The Federal Government sells these financial instruments when it wants more cash. The downside to this is similar to what happens to anyone when they try to buy them back. The resale is often far more expensive to the original owner, sort of like a pawn shop.
When President Obama took office in 2008 the democrats in power had a huge dilemma. How do they cover up the cause of the financial crisis, and convince America that Obama is doing a great job with the economic recovery? The first was easy, blame the downturn on president Bush’s policies, the gullible public bought it wholesale, even though Bush’s policies were those implemented by a Democratic supermajority in the Senate, led by the charge of Barney Frank and Chris Dodd, and reckless liberal lending regulations. The second dilemma of showing positive economic growth, that was easy, too. Just sell something that isn’t needed, like the country itself.
Since it has been made very clear that the liberals are not happy with the shape of government the way it is, then selling the country to preserve the delusional experiment of socialist reform was of no consequence.
Remember the statement “I am going to fundamentally change government.” By slowly selling off Federal financial instruments and funneling the funds back into specific areas of the economy, like The Federal Reserve, The Internal Revenue Service, The Veterans Administration, probably some for media censorship, propaganda, and other government agencies, the data would reflect slow but steady economic growth.
Just as what has been reflected over the past eight years. A little under nine percent of the U.S. debt was used to prop up the insurance and financial industry, and a little more for the auto industry to bail them out. Where did the other ninety-one percent of incurred unfunded liability (11 and 1/4 trillion) go? If the economy was recovering, then why would The Federal Government need to borrow that much money?
The bottom line is, it has been very expensive to our nation for the democrats to try to keep Americans fooled for eight years, and the exposure of the probably greatest fraud ever committed historically is about to be revealed to us, by finally having honest representation in government.
I hope Americans will learn from this very expensive lesson, that government through deception, is no government at all, and the ideology of a liberal socialist nirvana is far too expensive, just to satisfy a handful of political elites because the rest of us will not benefit from a socialist government.
Hopefully as the scope of this fraud is exposed by a Donald Trump administration, and the web of deception unwound, Americans will learn from it and be a little more wary of democrats offering gifts. Hopefully this level of deceit and corruption won’t come back again for a long long time.