Thursday, June 28, 2012

G+: The Next American Revolution:An excerpt:As for timing, Obama has already dropped a debt bomb on o...

The Next American Revolution:

An excerpt:
As for timing, Obama has already dropped a debt bomb on our economy, the goal of which is to "fundamentally transform the United States of America." The greatest systemic risk to Liberty that this act of economic violence poses is the destruction of free enterprise by way of taxation, regulation and insurmountable debt. Accelerating the Left's effort to crush free enterprise, Obama and his Senate majority rejected the House's Balanced Budget Amendment as part of the recent "budget deal" to increase U.S. debt. The result: As of this date, our nation's total outstanding debt is now in excess of our total annual gross domestic product (economic output), for the first time since 1947. Then, most of the debt was associated with WWII. Now most of the debt is associated with socialist spending programs for which there is no constitutional authority.

http://patriotpost.us/alexander/10749

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