Sangamon County Rifle Association
Right Reason on Second Amendment Rights
Springfield, Illinois


Jim Butler




OBAMA'S FINANCIAL MELTDOWN

Jim Butler, President, SCRA
September 2011 GunNews



By now it has become painfully clear that President Barack Obama's far-left, big government policies are not working and neither are millions of Americans right now.

The statistics are astonishing and harsh.  Last month over 20 million Americans were out of work, underemployed, or have just quit looking for work -- not to mention that our nation faces record deficits and a national debt that has now surpassed our GDP.

Obviously Obama isn't up to the task.  We need a president who understands the economy, and who knows how jobs are created, and will focus on fixing the the economy from day one.

The fringe liberal establishment believes that once Barack Obama gives a series of inspirational speeches and the like-minded special interests spend tens of millions of dollars on far-leftist propaganda, the American people will suddenly rally around President Obama's agenda of higher taxes, more government regulation and radical Marxist policies. This rallying, they hope,  will get him reelected by a comfortable margin.

How bad has Obama been for the nation?  In his first years, Obama borrowed nearly $5 trillion.  Currently, the government is borrowing about 45% of everything it spends.  Obama's 10-year plan would add nearly $10 trillion to existing U.S. debt.

This spring he proposed the largest annual debt increase in U.S. history, which is why his $3.7 trillion budget for 2012 was rejected in the Senate by a 97-0 vote.

Under Obama, the government  has borrowed on average about $4 billion each day.  That staggering sum is nearly triple that of the profligate spending of George W. Bush, who until Obama's presidency had borrowed more than any peacetime president.

Obama faces two massive problems:  jobs and debt.  They're both the result of his spectacularly failed Keynesian gamble:  massive spending that left us a stagnant economy with high and chronic unemployment -- and a staggering debt burden on future generations.

In addition, under the Obama administration our national debt has grown larger than our entire economy.

America is dangerously close to the point where the number of people receiving government benefits exceeds the number paying taxes into the system.  In the 4th Century B.C,, Aristotle explained that the downfall of democracy was inevitable when elected elites pander to the masses' endless appetite for benefits by increasing taxation of the productive and wealthy class - thus killing the goose that lays the golden eggs.

Wouldn't people be better off if they relied more on their own resourcefulness and self-reliance than government?  The answer should be obvious.

The sad truth that the Obama Administration doesn't understand is that you can't borrow your way out of debt, just like you can't cure an alcoholic by giving him another pallet load of whiskey.

We need change in America, otherwise you may need your guns in order to defend your home and belongings from those who feel entitled to them.


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