Weblog Awards
Best Canadian Blog
2004 - 2007
Why this blog?
Until this moment I have been forced to listen while media and politicians alike have told me "what Canadians think". In all that time they never once asked.
This is just the voice of an ordinary Canadian yelling back at the radio -
"You don't speak for me."
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“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.”
-Barack Obama 2008
“My generation is going to have to pay it back”?
No mate, it is much worse than that: If the US Federal Govt. were to live within it’s $2.7trillion of revenue income and set aside a small but significant amount for debt retirement, say $500million a year, we would be almost debt free in only 30,000 years.
This from a significant demographic that climbed on the Obama bandwagon…twice. Quit generalizing kids, it likely wasn’t your parents that sought the entitlements.
“My generation is going to have to pay it back”
Your generation voted overwhelmingly for Barack Obama.
When Obama came to power the entire national debt was $10T.
By the time Obama leaves office, if he leaves office with 8 years under his belt, the national debt will be over $20T.
It’s nice to see that this small insignificant group of kids understand the problem of deficit spending, but it’s too bad that they’re a small insignificant group instead of “their whole generation” or even a majority of their generation.
In closing, I’d like to mention that my generation had a small insignificant cohort that understood deficit spending was a bad thing too.
If this generation feels so strongly about the debt, perhaps they shouldn’t have voted for the one spending it.
Annie, _everyone_ who has voted in the last 30 years has voted for it. This video is about as non-partisan as it gets.
Lance, exactly. All of us are to some degree guilty as even “conservatives” vote for politicians who promise increases to entitlements.
Former money manager Stan Druckenmiller is broadcasting a similar message – and he’s getting some audiences – in a few unlikely places. Maybe more of the kids are waking up. http://online.wsj.com/news/articles/SB10001424052702303680404579141790296396688
When are we going to realize that the reason Democrats and Republicans now march in lock step spending ‘magical money” like there is no tomorrow is BECAUSE there is no tomorrow. They are attempting to prop the House of Cards as long as possible so as to placate the population because when the cards come crashing, it will be more than sh*t hitting the fan…think mass mayhem, civil war, international nukes.