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Massive Government Spending Bill Passes--The Bankrupting of America

In the depths of The Great Depression "The Nation" magazine wrote, "If you steal $25, you're a thief. If you steal $250,000, you're an embezzler. If you steal $2,500,000, you're a financier."

Well, if that's true then our country's House of Representatives must be loaded with financiers with the passage of a $1.1 trillion spending bill. It's either that, or the 221 members who did vote for it, are just doubling down on stupid.

Why programs under direct congressional control require 10% increases in funding next year when seniors on Social Security have already been informed that they will receive no COLA increases for the next two years due to lack of inflation, boggles our minds.

You need to ‘splain' this, Mrs. Pelosi, to all tax paying Americans.

Included in this pig fest is another $3.9 billion for more than 5000 earmarks sought by BOTH Republicans and Democrats. (We won't disgust you with the list of the waste. It's too painful to talk about.)

We won't quibble over increases for veterans programs or even for FBI funding. But included in that portion of the bill you find pay raises for federal employees and financial aid for CAR DEALERS!

This cannot and MUST NOT continue.

The deficit for 2009 clocked in at $1.4 trillion which is TWICE the size of the total of Greek debt, which won them a downgrade from Moody's this week, coupled with the $60 to $80 billion debt of Dubai World, which sent world stock markets running for cover a short time ago.

And now, Mrs. Pelosi is talking about raising the cap on government borrowing another $1.8 trillion up from its current level of $12.1 trillion. At this pace, over the next ten years US government debt will grow to $20 billion taking 100% of Gross Domestic Product.

Because the US dollar is still the world's reserve currency, the growth of this debt will not force the US into bankruptcy per se, but we will watch as the Fed turns on the printing presses even more than they are now devaluing the debt away and creating a hyperinflation for us that will destroy each and everyone of us.

I suggest you read "The Lords of Finance" or anything relating to the Weimar Republic in the 1920's to learn how horrific this will.

We spend our days trying to help you grow and prosper financially, yet with each passing day the ignorant, out-of-touch, power-crazed people who are supposed to do right by us and represent us tell us to shut up and sit down while they take our money and waste it or give to people who haven't earned it.

This is not a Republican or Democrat fight. This is not the desire on the part of the majority of us to see Obama fail because if he fails we ALL fail.

This is a cry of "stop the madness" that is resonating with more of us every day.

We cannot remain silent any longer. Each and every one of us who cares about our own future and the future of our children MUST make our voices heard before it's too late. We recommend contacting a group of concerned citizens like the Tea Bag Revolution, As A Mom or The 9-12 Project to learn more. Remember, there's strength in numbers.

The media furor that erupted over Tareq and Michaele Salahi, the two White House party crashers, has become a fitting metaphor for our government. When the Salahi's were dragged into court to settle the non-payment of a landscaping bill, being short of cash the court ordered Mr. Salahi to turn over his Patek Philippe watch. The watch would then be sold to pay the landscaper the $2000 he was owed.

Today we learned that Mr. Salahi's watch was a cheap knock-off and not the real thing worth only $100 instead the anticipated $25,000 or more.

Sort of sounds like US government paper these days, doesn't it?

Ken and Daria Dolan have hosted their own national radio program for 22 years, anchored their own television shows on CNN, authored six books on money matters, served as money contributors on CBS This Morning and have now launched a comprehensive web site and free e-letter at Dolans.com.


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