The United States Congress has just got a ceiling put on Obama's debt at 14 Trillion dollars so that the government can continue to pay it's commitments. You can thank the Republicans in forcing President Obama to cut back on his profligate spending but he has already accomplished his "mission" to cripple the U.S. economically and it's credit standing but more so in the world's standing. His intent to reduce his country to second rate status by destroying its credibility as a force to be respected was foretold in the book I already told you to read, "The Roots of Obama's Rage" by Dinesh D'Souza.
However, we have a similar socialist bitch and her labor cronies leading Australia and just as with the deadshit Democrats of America, they have and unbelievable urge to piss-money-up-against-the-wall so to speak. At least here DownUnder the government only talks in billions, for now. They are throwing billions all over the place to further their Marxist/socialist wish list. So next time you hear a politician in any country use the word "billion" in a casual manner think about whether you want the politicians spending your tax money and what it means.
So what is a BILLION? Let me put it in perspective for you:
* A billion seconds ago it was 1959 !
* A billion minutes ago Jesus was alive !
* A billion hours ago our ancestors were living in the Stone Age !
* A billion days ago no-one walked on the Earth on two feet !
For so many politicians the words millions so easily nowadays turn into billions and it rolls of the tip of their tongue a bit too easily. But for every dollar that is borrowed, that in time has to be repaid, by you, by me and by the rest of the country. So Australia's Government debt of around $200 billion is not really a "Temporary Deficit" they want us to believe.
Let's calculate this out. $200 billion is $200,000 million. The current 10 year Government Bond Rate is 4.67% (as of July, 2011). Over a 20 year period the repayments come to more than one and a quarter billion dollars every month for those 20 years!! This really is scary! It works out that we, as taxpayers will be repaying $15.4 billion in interest and principle every year.... that's $733 for very man, woman and child...every year. The total interest bill over those 20 years is $108 billion! Remember, before the people who had shit-for-brains and voted these Labor scum in power, this country had NO DEBT. NO DEBT!
The Way I See It....our present predicament is so obvious when you realise that the six leading members of the government have a collective work experience of 181 years, but only 13 of those years in the private sector. If you take out those 13 years the number that were spent as trade union lawyers, that total of 11 of the 181 years, only TWO years were spent in the private sector.
So out of those 181 years...there were:
No Years spent running their own business
No years spent starting up their own business
No years spent as a director of a private or public company
No years even in a senior position in a public company
No years working in corporate finance
No years working in or with a bank
No years of experience in capital markets
No years in a stock-broking firm
No years ever negotiating debt facilities with banks
No years in a Treasury or Finance Ministry
No years at the World Bank , IMF or OECD
But these low-life, ignorant socialist ideologues have plunged Australia into unprecedented debt and with their Green sanctioned Mining and Carbon Tax threaten to torpedo Australia's economy and its citizen's freedom and lifestyle which they plainly don't understand. Now who will admit they actually voted for these scumbags?? God help us!