Tuesday, March 24, 2009

Record Debt - More than all Presidents Combined!

President Barack Obama is increasing the debt to increase the size of government. He is claiming to be doing so without needing to raise taxes, but we've heard that lie from Democrats before. What is most alarming, however, is that Obama's budget is projected to add one trillion bucks to our federal deficit each year! If this is so, Obama's $3.6 trillion budget (though we all know that is a low estimate) more than doubles the national debt held by the public, and adds more to the debt than all previous presidents, combined. (How is that a good thing?) Meanwhile, The New York Times is reporting that in Tim Geithner's speech he articulated that he is seeking wider power for government takeovers. In other words, the Democrats that are in control of our government is seeking the ability to regulate and take control of more financial institutions other than banks, regardless of their financial stability.

Does this mean Credit Unions too? Of course it does. The Liberal Left wants control of everything. That is what Marxists do!

With Credit Unions, the Free Market works nicely. The Credit Union invests only in its members. When Credit Unions face failure they either fail, or a larger Credit Union, like Navy Federal Credit Union, will absorb the smaller, failing institution.

But the greed for power by Democrats is so great that they are not only happy to nationalize the "crisis situation" entities, they are going after the whole kit and caboodle.

Conservatives, however, are not surprised, and was warning you that this is exactly what Obama and the Liberal Democratic Congress would do if the American voter was so foolhardy as to vote them in.

Now, the question is, how do we stop the tidal wave of socialism taking hold of this country?

The answer to that question is that the Republican Part MUST return to its Conservative foundation. Principles and Standards must be the party's primary concern and goal - otherwise, the Liberal domination of government, and the downward spiral into a nation not unlike the Soviet Union, is inevitable.

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