Enough Is Enough

President Obama Friday repeated his call for Congress to pass a $30 billion package to help stimulate jobs.

Okay, when is enough...enough? We have already thrown about $1 Trillion at the so called stimulus to help stimulate jobs and what have we gotten...nothing, nada, zip! The economy is still in the crapper, the jobs are still being lost and the last money thrown to the banks to help small businesses are still sitting in the bank vaults. The loan process has become so tight that well run, financially stable businesses are struggling to get loans. Plus, most smart business leaders don't want to take any money that has government strings attached. Business owners also are wondering what the whole Obamacare crap is finally going to look like as the president has said the the employers will have to provide health care for the employees and families. How much will this cost, no one knows the real answer. Why would I want to expand when I don't know what my costs will be down the road?

The real problem is that the president wants to get more voters. He is willing to buy them with $30 billion. But at what cost? The federal deficit for this year is estimated to be between $1.6 and $1.9 TRILLION. Add that to our federal debt of $13+ TRILLION and you now have about $15 TRILLION. The forcasted GDP of the U.S. by years end is $15 TRILLION. Look at this chart

Look at the 1930's. Remember the 1930's, uh...the Great Depression. Look at the percent GDP was less than 20% and rising to 40% quickly in the late 30's. Now look at today. Percent GDP is about 92% and look at the slope of angle. Pretty steep , just like the thirties and forties (WWII), 1914-1918 (WWI), and 1860 (Civil War).

Moral of this story, we are not out of this DEPRESSION! There will be more pain to come economically. The PTB (powers to be) are still throwing our money at the job market. This won't work. We need to be paying down or debt. We have a huge debt and it keeps growing. WE need a balanced budget and a debt reduction plan, not a deficit reduction plan. People will need to go through some pain. Entitlement programs will need to be drastically reduced or ended. Wasteful government offices need to eliminated, like the Department of Education (what have they done for the billions of dollars?). Social Security is "bankrupt" and the baby boomers are a year away from entering the SSA programs. How will we be able to support this group? When you add the debt plus the unfunded liabilities it is over $109 TRILLION. We cannot continue down this path. Countries that have bought our debt will eventually want their money back...what will be do? How's your Chinese? You think about that!