"I cannot teach anybody anything, I can only make them think." - Socrates

Monday, October 29, 2012

Amount of Money My Children Owe to Chinese Doubled Under Obama to Pay for His Fancy Parties and Failed Policies?

Barack Obama’s agenda is a menu of temptations intended to change the nation’s social norms by making Americans comfortable with the degradation of democracy, by degrading them with entitlement spending and transfer payments that are paid for by piling up public debt that will hurt future generations that never consented to this spending. This agenda is immoral and this coming general election is perhaps the last chance for to stop the scandal of plundering our descendants’ wealth to finance the demands of today’s entitled masses.

People today who say that they will vote for President Obama because he helped to restructure their home loan do not realize that they have done so by borrowing money from my children and grandchildren. They cheer on the fact that Obama bailed out a company that they like while ignoring that the money to do this was borrowed from China, and from now and until forever generations to come will pay interest to China for this. And that the money that Obama shoveled at now-bankrupt green energy companies because they are cool is gone now, except that my unborn grandchildren will still be forced to pay it back or pay interest on it for years and years to come.

And the money that future generations owe because this generation has selfishly taken the future from them is increasingly owed to foreign nations, who will use these debts to decrease the sovereignty and national security of our nation. Under President Obama, the amount of debt owed to to foreign interests now equals approximately $47,495 for each household in the United States, according to the latest data released by the U.S. Treasury and the Census Bureau- up drastically from $27,653.29 per household in January of 2009.

Let that sink in- to pay for President Obama's policies, the amount of money that each household in America now owes foreign governments has almost doubled in only 4 years. If President Obama wins re-election and this trend continues, our future generations will have no hope and they will not be able to change their poor situations because of the debt that this generation today agreed to.

And the portion of the U.S. government’s foreign debt now owed to interests in Mainland China is about $10,090 per household- up from about $6,658 per American household in January 2009 when President took office. President Obama is mortgaging our future to the Chinese and has nothing to show for it- and you should not vote for him even though you may feel that you were helped personally in some small way by his policies because the generations of the future that had no say in the issue and will pay for these small entitlements and owe the Chinese that money plus interest.

And this money being taken from my children and borrowed from the Chinese is going to pay for President Obama's re-election campaign, golfing for him and his buddies, and fancy dinner receptions.

Current and former government officials said over the last four years there has been an unprecedented upsurge in White House spending on state dinners at the White House, as President Obama borrows money from China, agrees to pay interest on this money for future generations, and then throws lavish parties at a scale never before seen in our Republic.

Gary Walters, who ran presidential household operations for 21 years during Democratic and Republican administrations before retiring in 2007, said that the highest cost for an event that he could ever remember was once in the $190,000 to $200,000 range- and yet under Obama, nearly $1 million was spent on a 2010 dinner for Mexico's president, the dinner for the prime minister of India cost nearly half a million dollars, dinners for Chinese President Hu Jintao and British Prime Minister David Cameron were of the same level of extravagance, and there have been many many more.

This level of extravagant spending by an administration that is paying for these dinners by borrowing money from China is immoral and wrong. If this administration is not thrown out of office with great force in this election, then it will be able to engage in another four years of fancy parties that my children will someday have to pay for- with interest- to the Chinese.

You need to vote for Romney for President on November 6th, and you need to make sure that your friends and family do as well. Please do it, for my children and grandchildren and their future.

UPDATE: Let me emphasize something here right now- it is wrong to rob my children to pay for your temporary and fleeting comforts. It is your responsibility to provide for a better future for those who come after you, not selfishly rob them- through increased national debt- so that you can refinance your house that you couldn't afford in the fancy neighborhood, or to pay off the debts that you personally ran up living the good life, or to give you a job where you inefficiently produce a product that people don't want to buy.

It is wrong to rob my children of their future- and that is exactly what $6 trillion in debt in 4 years is. It's generational theft, and if you vote for anyone other than Romney next week, you are guilty of that crime and me and my children will hold it against you someday.

UPDATE 11/3: Today I talked to two individuals who both said that they are voting for Obama. The reason that one gave is that Obama is helping him to refinance his loan, and the other said that Obama bailed out his company. Both of these reasons for voting for Obama are unacceptable, untrue, and immoral.

In the first case, a friend of mine lives beyond his means, indulging in electronics and clothes and fancy trips, and now wants me and you to use the power of the state to force his bank to refinance his loan that he came to the bank for and asked the bank for and the bank extended to him. Congress, including both Republicans and Democrats, passed a law forcing banks to renegotiate his loan by transferring the cost of his risk or the cost of his loan to me and you, and on this immoral and selfish basis my friend is voting for Obama.

In the second case, President Obama took taxpayer money that was set aside to bail out the banking industry, which we were told was on the verge of collapse and needed those funds, and instead used that money without any Congressional authority to choose which private companies he would save and which ones he would not save. This sort of arbitrary usage of taxpayer money surely has to be illegal, and if it was not found to be, that still does not mean that it is wrong and immoral to take money from my children's future to bail out your company just because you didn't work hard enough, efficiently enough, or smart enough.

Both of these Obama individuals justified robbing my children on the grounds that they were selfish and that Obama used the power of the state to enable their selfishness and reward it.

STOP ROBBING MY CHILDREN TO PAY FOR YOUR UNEARNED LIFESTYLES. VOTE ROMNEY ON TUESDAY.