creators.com opinion web
Liberal Opinion Conservative Opinion
Chuck Norris
Chuck Norris
19 Aug 2014
Obama, the Islamic State and Christian Crucifixions (Part 1)

Pundits and news agencies have questioned the validity of reports that the Islamic State is beheading … Read More.

12 Aug 2014
How Obama's Leadership Cripples America (Part 2)

In 2008, Americans appointed a president they expected to unify the country, lift the oppressed and restore America'… Read More.

5 Aug 2014
Obama's Greatest Flaw, America's Greatest Cost (Part 1)

I'm not a psychologist, but I'm intrigued by the work of those who study the mind and behavior, especially … Read More.

Obama Plus Congress Equals Economic Chaos

Comment

Ronald Reagan was right when he said: "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

The next stage of out-of-control government spending started when George W. Bush bailed out Wall Street with $700 billion (new debt No. 1). But Congress didn't learn from that failure, and apparently, neither did Barack Obama. So the newly elected president pushed for the next stimulus bill (debt No. 2), this one for $787 billion.

But that wasn't enough, either, so the recent $410 billion omnibus spending bill (with 9,000 earmarks — 60 percent originating with Democrats and 40 percent with Republicans) is being railroaded through Congress to keep government moving until September (debt No. 3).

And then Obama informed us last week that another $634 billion is required for a down payment on universal health care. Before there's a plan, there's already a payment (debt No. 4).

If that isn't enough, Obama is asking for a roughly $3.6 trillion budget for 2010 despite the fact that the White House projects a 2009 budget shortfall of $1.5 trillion — triple the $455 billion in 2008. (That's debt No. 5.)

And all of that doesn't include other stimuli on the horizon, as Sen. Daniel Inouye, D-Hawaii, the chairman of the Appropriations Committee, noted when he called the mammoth $787 billion spending bill "stimulus No. 1." (That's debt No. 6, debt No. 7, debt No. 8, etc.)

All of these wild expenditures would be a little more bearable if we saw any signs of economic recovery. But how has all this alleged stimulus stabilized and grown the economy and the market? As our government has bailed out, the Dow Jones industrial average has dropped. It's dropped about 2,000 points since Obama took office, roughly 200 points after every major speech he has made.

So the big question is: How has Obama gotten away with racking up more expenses in his first 30 days in office than all the presidents combined since the founding of our republic did in theirs?

Bernard Goldberg's "A Slobbering Love Affair" is a great book about the media's blind bias and infatuation with Obama, but Obama's hypnotic effects permeate every stratum of society, from political corridors to public schools. Why? Because he's young, hip, cool, liberal and charismatic — and that's what sells today in America. Objectiveness and criticism fly right out the window with the mere mention of his name or any discussion of his excessive spending plans.

On "Good Morning America" last Thursday, two of ABC's financial experts graded Obama's excessive borrowing and fiscal performance a B, while guest financial expert Dave Ramsey rated it an F. Despite the two B grades, one of ABC's financial experts quipped that one of the biggest problems with Obama's bailouts is that there is no real form of government accountability over the money pouring out of Washington. Yet she maintained her B grade for Obama's stewardship plan. Why?

Here's an even better example: As Obama addressed Congress last week, House Speaker Nancy Pelosi led the way in spontaneous emotive applause for her political hero.

Pop-up Pelosi was bouncing up and down like Tigger on steroids, forcing Vice President Joe Biden to rise slowly every time she jumped up, and Biden had to try to hide his frustration with her. Pelosi's eyes and facial expressions seemed almost giddy as she gazed at Obama like a teenager infatuated with the popular high-school jock.

As I watched this obsessive congressional circus, I asked myself, "Is this the type of objective bipartisan leadership we want running our government, leading our nation, and spending our money?"

The political and financial math is easy to calculate. It doesn't take a rocket scientist to figure it out — just an honest assessment of Washington's present landscape. Here's how the equation pans out:

America's political love affair with President Obama plus the Democratic majority's coercions in Congress equals trillions of dollars in new debt for Americans, or more economic chaos.

If we ever are to restore the fiscal and leadership sanity to our economy and government, we need not to reinvent the Great Depression wheel of Roosevelt's New Deal. We need to look to a time when Congress was more frugal in its spending and stabilized our government and economy. And in the past 100 years, one of the best examples of that occurred when Newt Gingrich led Congress in the 1990s. I'm not justifying every financial move they made back then, but despite losing a balanced budget amendment to the Constitution by only one Senate vote, they still committed to spending caps and balancing the budget, which they did for four consecutive years. That was the first time that had happened since the 1920s.

The Congress of the '90s steadied and strengthened the economy by following four priorities and principles, which are being turned on their heads at this moment by the present administration. As Newt noted in his excellent book "Real Change," Congress' top priorities were to:

—Cut taxes to increase economic growth and therefore increase revenues (unlike Obama's tax hikes, which will retard economic growth and depress revenues).

—Set priorities and increase spending in key areas while reducing it in nonessential areas (unlike Obama's fiscal priorities of health care, energy and education, which are based not upon what is best for the economy but what is reflective of typical partisan preferences and doing what is politically expedient).

—Eliminate pork-barrel spending (unlike the 9,000 earmarks in the present $410 billion omnibus spending bill, which is nothing short of absolute economic ludicrousness, mismanagement and waste within our present crisis).

—Shift from expensive, wasteful systems to smarter spending; look at not only more inexpensive ways but also more productive ones (unlike Obama's theory to spend our way to prosperity, which is a sure way to sink America).

Our government is hemorrhaging money. The nanny state is becoming the norm. Our Founders are rolling in their graves. And at this very moment, Washington's credit-crazy and debt-accumulating addiction is dissolving our sovereignty like a sugar cube in coffee by handing our financial autonomy over to other nations. In other words, Rome is burning, and Caesar is stoking the fire!

Time is running out, but it's not too late to reverse Washington's fiscal frenzy. Don't just write to your representatives; hound them to live and legislate by the preceding four proven priorities and principles of governmental and monetary prudence.

To find out more about Chuck Norris and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com.

COPYRIGHT 2009 CHUCK NORRIS

DISTRIBUTED BY CREATORS SYNDICATE INC.

??

 

??

 

??

 

??



Comments

8 Comments | Post Comment
Hi Chuck,
I read some place that the first thing Socialist do is destroy the economy to over turn a Democracy. I read it is taught in College. Sure has made me wonder! I think people are wondering the same thing but they just can't believe it. We have been taught that our Government has checks and balances to prevent these things. The media and both Parties have told so many lies that we don't know who to believe. Remember the story of "The Little Boy That Cried Wolf?" If one of them were to tell us we are being attacked we wouldn't know if it was true or them just playing us. Having to wait to see if it is true could be deadly. This is not only sad but dangerous. My favorite ones in the media are Huckabee and Cavuto on Fox, and Lou Dobbs on CNN.

They also say Socialism takes our weapons in the name of what's best for us. Obama is calling audomatic weapons asualt weapons trying to take them away from us. There was a time that the Government's weapons was the same as ours. Not today though! I've also heard that this National Health Care sounds like it includes euthanasia. Obama said he was going to open up the same Health Care that the Congress has to the people. I wonder if Sen. Byrd has limited health care because of his age. I don't think so! So it doesn't sound like the same thing to me.
Comment: #1
Posted by: Lola Mathuews
Tue Mar 3, 2009 8:30 AM
Obama's Tuesday movie was same hype, different day! Nothing mentioned and most important
"cutting their own salaries and retirements" as this is only way to pull United States out of
recession! It looks like 'all the king's horses and all the king's men' will never put America
back together again! Speaking of socialism! They have no concept of what's going on in the real world!
Hillary Clinton is nothing more than another 'mouthpiece' that will help drag America further into
bankruptcy. It's a proven fact that the only way to protect America's future is by
creating stable jobs in the private sector and not bigger government. The 'Haste' for Obama and
his party with this Stimulus shows lack of experience, no thought, as usual, given to the future
of America, let alone creating jobs that will be the 'HeartBeat of America', which is textile and
furniture manufacturing. As I've stated before, No Infrastructures needed if America has no
stable job market, which is obvious, there is no stabililty in America and hasn't been since
1977! Where have you been? If Obama and his party think that they're re-building the housing
market and the damage done by Freddie, Fannie, AIG, Big 3, or anyone else taking Taxpayers
money they're not entitled to, think again! When people got to borrow four to five times and
approximately sixty (60%) percent more than the house would ever be worth, there's
absolutely no way to 'bailout the housing markets!' What needs to happen is close down
Freddie, Fannie, AIG, BIG 3, and politicians that were on the take! Then, send all politicians,
with just clothes on their backs, that were in on this 'shaft to American people, to Guantanamo,
with no return to America. Take all assets, put them into Trust Funds, and figure out how to
pay back the trillions owed to foreign countries, before we can't pay the interest! Taxpayers
feel that Obama and his tax and spenders are only interested in their own salaries, retirements,
social and welfare programs, which are a real problem, creating more and more terrorists on
American soil! If they were really interested in America, wouldn't they be 'trying to save'
instead of 'spend, spend, spend?' Politicians are going around the issues, worse now than ever
before! Daily, there's more spending on housing, social and welfare programs called "Too
many Illegitimates born to single women, by several different men, and they surely have not
nor will be "trained or disciplined" at home. "It's a way of life" and the more kids they have the
more Taxpayer's monies they collect, therefore, these people shouldn't be entitled to insurance,
housing,doctors,medical, schools, etc. If they don't work they're not doing anything
constructive for America and shouldn't be compensated! It is imperative that America get back
on track, as we're running out of time! It's time to take a long, hard look at what's happening,
instead of ‘creating' more useless programs using Taxpayers money that hasn't worked and
never will. It's only creating more and more terrorism in America! While I'm on a roll I would
like to point something out and I quote "Obama stated that he'd inherited a very bad economy
from George Bush and his administration!" I hate to be the one to burst his bubble and bring
him down, but the 'bad economy,' was created in 1977 by one of his own party!
AND ANOTHER THING, AIG should have been made to cut salaries and freebies into half, since this Taxpayers money and without Taxpayers and their jobs, there's not going to be any money to continue 'BAILING' these criminals/crooks out. THE FIRST TIME THEY WERE HANDED BILLIONS, THIS SHOULD HAVE BEEN OBVIOUS, THEY WERE TO CUT, CUT AND CUT SALARIES & FREEBIES! NOW, AIG is on for BILLIONS MORE, IT'S PAST TIME FOR THEM TO FILE BANKRUPTCY, AS RE-GROUPING IS WHAT MUST TAKE PLACE, IF THEY CAN'T DO THIS AND CUT SALARIES,E TC. THEN 'THEY DON'T PLAN TO!' SHUT THEM DOWN!
Comment: #2
Posted by: Shirley deLong
Tue Mar 3, 2009 11:53 AM
Re: Lola Mathuews; Ma'am, try to remember where you read garbage so you can see if it is creditable and not just propaganda.... Our model of democracy: Rome, was a socialist society of sorts, what we are supposed to be, a commonwealth...In fact, all primitive societies were socialist..... And they were all democratic.... The reason this is true is that each nation was related people from a common mother.... And having little but their lives, they shared the defense of what they most prized.... There was no point in hoarding food... No one had refrigerators, and so people shared plenty as well as little....In fact, those people had no technology as we think of it... Essentially their social organization was the extent of their technology, and they did not let it run out of gas....They organized so as not to be the victims of fate.... They considered the future so as not to suffer the folly of the past....If they could still see, they might well look at us as a gaggle of idiots for suffering the recurrence of the past as we do today for our inability to correct our behavior.... Understand...Socialism was not some ideology with ancient people, but was essential to their survival and responsible for the survival of every one of their decendents on this earth... It takes a great deal of technology and science to support individuality and capitalism, and it is capitalism and individualism that defeat democracy.... Seriously; you have never known social democracy.... Socialism as a form of economy and democracy as a form of government are the same form seen once as politics, and then as economy.... Equality of people is essential to each form, and socialism is the economy of equality, and democracy is the politics of equality...Thanks...Sweeney
Comment: #3
Posted by: James A, Sweeney
Tue Mar 3, 2009 4:25 PM
Sir;....Those people who think anarchy might some day work for society need look no further than our economy- which rejects government, and oversight in every detail, and does as it pleases until disaster brings it down to reality.... You call it chaos... What we do not govern in our environment will govern us.... The economy is not the last thing we should govern; but the first.... Capitalism rejects government.... Capitalism cheers on the individual, not because capitalists act as individuals, but as a class....They cheer on individuals because they are the perfect victim who put their own necks on the chopping block by their own choices.... As a class, capitalists want us all to stand without defense before their united power.... They do not want unions.... They manipulate our governments to negate our democracy.... Left to their own devices; the capitalist run themselves into ruin out of ungovernable greed... We support capital on ideological ground only.... For some reason, we expect virtue to flow out of this unmanaged vice of greed.... That is the magic of capital.... We can see now see that magic laid out for us...When the last great depression hit us, many were the people who had something to lose.... Many still had family farms, and many survived because relatives on farms fed many in the towns... Debt has overwhelmed us... Greed has exported our factories in search of higher profits...Greed has driven down wages until we have no hope but credit.... Now the value in society cannot support the load of credit.... We do not have equity, or income to match our debts.... Capital as economic anarchy, as chaos raised to an ideology, has cleaned us out.... So what is your complaint???? Is it that Mr. Obama has bought into capitalism as much as any tycoon???? He is throwing money at problems of long duration, and a terminal velocity....With the best economists in the country scratching their heads, they are doing the only thing that has ever worked.... They do not know the severity of the problem, or its depth....None of us do... But I join you in resisting a solution... You hate democracy as we have it, and so do I....I hate the economy as only one who loves justice can....For that reason, I want to see it all fall down, because together, me with my lack of education, and you with your kun fu brain, can both do better than what we have now.... Thanks...Sweeney
Comment: #4
Posted by: James A, Sweeney
Tue Mar 3, 2009 4:58 PM
Re: Shirley deLong; ma'am,...National bankruptcy has historically led to revolution.... So I'll see you in the street... I'll be the one holding a flag of worthless dollar bills sewed to a pair of worn out silk undershorts....Consider it a social statement....Thanks...Sweeney
Comment: #5
Posted by: James A, Sweeney
Tue Mar 3, 2009 5:05 PM
Thanks, Chuck. The same thing's happening here. Our prime minister recently addressed your congress and got a standing ovation when he was finished. Don't take any notice of him, He's incompetent and so is his government. This is what the British National Party reported on its website today, under the heading of Labour's Vodoo Economics. "It was coming, but now it is here: The government has finally gone mad. A decision to put another [$US200 billion equivalent] into the economy to “improve cash circulation” is pure voodoo economics and will guarantee inflationary pressure unseen since Mugabe's Zimbabwe and the Great Depression." They are actually intending to print money in order to help pull it off. Politically, the BNP is Britain's only hope and I think you've really got to find a way of replacing your globalist government with some real Americans. Time isn't running out for the US and UK. It's run out and we're on the borrowed stuff.
Comment: #6
Posted by: Alan O'Reilly
Fri Mar 6, 2009 1:38 PM
Well if some day there is an uprising against our newly found retarted leader i would like to get chuck up there to do a spinning heal kick to obama's head and get him the hell out and get us back on track. Obama is nutz botom line.
Comment: #7
Posted by: Shaun Jones
Sat Mar 7, 2009 8:01 AM
Re: James A, Sweeney
My Dear Mr. Sweeney, I'm assuming you think it's OK for government to borrow trillions of dollars from foreign countries (THAT WE CAN'T PAY THE INTEREST ON) so they can 'GIVE' this borrowed money to'MIS-MANAGED INSURANCE COMPANIES, AUTOMAKERS, FREDDIE, FANNIE AND ANYONE ELSE THAT'S NOT ENTITLED TO THE MONEY' all in the name of 'keeping these people working!' Instead of cutting salaries and retirement, thus allowing a 'slice of pie' for all workers, no Fat Cat CEO or politician, is willing to give any of his/her over-paid monies to the unemployed and they 'still want it all, but they want the working man to do without!' Guess what, Mr. Sweeney, this is ONLY bigger government, which Taxpayers can't afford, that is, the few Taxpayers thats' still working! Until textile and manufacturing jobs are brought back to America, which was the 'HEARTBEAT OF AMERICA', there's no need for infrastructures and government spending! As many of Americans are now saying "BUY AMERICAN" OR...'BYE-BYE AMERICA!'
Comment: #8
Posted by: Shirley deLong
Sat Mar 7, 2009 10:27 AM
Already have an account? Log in.
New Account  
Your Name:
Your E-mail:
Your Password:
Confirm Your Password:

Please allow a few minutes for your comment to be posted.

Enter the numbers to the right:  
Creators.com comments policy
More
Chuck Norris
Aug. `14
Su Mo Tu We Th Fr Sa
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6
About the author About the author
Write the author Write the author
Printer friendly format Printer friendly format
Email to friend Email to friend
View by Month
Marc Dion
Marc DionUpdated 25 Aug 2014
Mark Levy
Mark LevyUpdated 23 Aug 2014
Lawrence Kudlow
Lawrence KudlowUpdated 23 Aug 2014

1 Jul 2008 Oorah!

14 Jul 2009 A Force of One: The Federal Reserve

11 May 2010 The New Abortion