for the 2013 federal budget
Today, President Obama announced his proposed new federal budget for 2013. This budget would bring the total federal expenditures for 2013 to 107% of gdp. If the budget is passed as is that means, in 2013, the federal government will be spending 107% more than the total dollar amount of goods and services produced in the entire U.S. that year. And THAT means the U.S. will be effectively bankrupt in 2013 ... like Greece ... which would make it very expensive, if not difficult, if not impossible, for the federal government, and state and local governments in the U.S., to borrow money to continue operations. As the U.S. federal government now borrows 40% of all the money it spends - that means another devastating financial crisis is looming.
Why? Politics as usual. Business as usual in Washington. SOS (same old shit). SAU (spending as usual). Only this time, after 236 years, America - and we, the people - will absolutely, positively, finally run out of road financially. Thanks to government spending, or should I say overspending. A financial crisis is looming ... the likes of which we have NEVER seen ... a financial crisis culminating in the demise of the once great America. The end of America as we know it. Due to goverment spending.
In my book, The Final Bubble, I predicted exactly this scenerio, and I predicted it to happen in 2015 or later but it looks like it will happen sooner, as early as 2013.
Is there a solution, a way to avoid this catastrophic disaster? Yes, there is ONE solution. What is it? Massive voter revolt. Massive voter turnout in November 2012 ... to throw out every single politician in Washington - and everywhere else throughout the U.S. - who is up for re-election. Regardless of party. Throw out every politician up for re-election AND vote in ONLY Tea Party candidates. Based on our system of government that is the only - and last - hope for the survival of America.
“It is the duty of the patriot to protect his country from its government.” - Thomas Paine
Congratulations, President Obama and those Washington Democrats who blindly follow him, this week, with your bloated irresponsible 2013 federal spending budget which will bankrupt America, you deservedly earned the Stu Pitt Award!