Thursday, October 10, 2013

No Pain, No Gain

That seems to be the motto of the White House. The President and the Democrat’s political strategy is to inflict the maximum amount of pain on the American public from the government shutdown. That’s their goal. It even goes to the extent of not paying death gratuities to the families of military members killed in action, which includes not paying for the travel of the families of the fallen heroes to Dover AFB when their loved one's remains are returned to American soil. Further, Jack Lew, Obama’s Secretary of the Treasury, stated before Congress today that he ‘Would Not’ pay the interest on America's debt to our country’s creditors unless the debt ceiling was raised. Sadly, the truth is he ‘Could’ pay our creditors from the continual stream of tax dollars flowing to Washington DC by diverting enough funds from other government expenses -- perhaps a few less rounds of golf or paid vacations on Air Force One by the President. Now, if President Obama directs his Treasury Secretary not to pay our creditors, the results will be even greater pain for the average American. First, stock values will fall – drastically. Accordingly, values retirement accounts (401Ks, IRAs) will be decimated for those already retired and those still working to save for retirement. Secondly, interest rates will rise. This is the interest rate available to purchase homes, autos, and the interest rate on credit cards. Thirdly, inflation will shortly follow. And while the youngest generation of Americans have not experienced the negative effects of inflation, basically, it means the dollar you have today, will be worth less tomorrow. This equates to rising prices on everything – food, gas, clothes… With all of that, the White House and Senate Democrats still remain rigidly firm on their ‘My Way or the High Way’ strategy, rejecting anything sent to them by the House of Representatives. Our President needs to abandon his “Obama Doctrine” of politics first, American second, and be the President to all Americans – not just those who agree with him politically. If he wants to be the leader of the Democratic Party, then he should have stayed in the Senate and lobbied for Harry Reid’s job.

1 comment:

Gator Dud said...

The president is such a hypocrite. While he was a worthless senator he said that he would not support raising the debt as it was a sign of bad leadership. Now he says they must raise it with no strings attached. I say F him. Stick to your guns republications and get something in exchange so that we can make some head way on this SPENDING problem we have.