Sunday, March 8, 2009

Oh, Comrade: John Kerry Spouts Off On Fiscal Responsibility

On March 6, Sen. John Kerry wrote an editorial for Bloomberg News, here, in which he asserted that he, and those who think like him, are the ones who are looking out for the taxpayer --- whereas many of the financial institutions receiving taxpayer money for "bailouts" are being irresponsible. Specifically, Kerry alleges that they are "wast(ing) money on lavish parties, expensive dinners and Tiffany trinkets." More:
"I believe we have to insist that tax dollars be spent wisely because, otherwise, Americans will refuse to rescue any business struggling in the most difficult economic times since the Great Depression. And believe me, Americans struggling to hold onto their homes and their jobs are already tired of picking up the newspaper and reading about idiotic abuses of taxpayer money.(...)

"We should be focused on turning the economy around. We have to face the reality that huge swaths of our banking system are insolvent. We must recapitalize banks, not to help shareholders, but to rescue our economy. We need a clear, concise plan for aiding banks, large and small, that have liabilities that exceed their assets."
Golly. If it weren't so ludicrous for Kerry to be claiming that he (and Democrats) are taxpayers' friends, it would be funny. But the economic situation we now face --- and that which is looming right around the corner --- is anything but funny. And although Republicans have certainly been no friend to the taxpayer in recent years, for any long-serving Democrat to claim the mantle of "responsibility" is truly a joke. Let's look at the record.

According to the president and CEO of the Dallas Federal Reserve in a March 2008
address --- long before the TARP spending, the stimulus bills, the bailouts over the last 6 months --- Americans were facing $99.2 trillion in unfunded liabilities for Social Security, Medicare and Medicaid, or $330,000 for every man, woman and child in the USA, today.

Congress writes all spending legislation. Democrats have been in control of the House of Representatives and the Senate for
the vast majority of the time that these entitlement programs were enacted, to the present day. Democrats were the ones that ushered in the age of "raiding" the "trust funds" that were set up for these programs. David Kelley wrote a good history of the Social Security myth, here.

John Kerry has served as a U.S. Senator since 1985 --- so he is intimately familiar with the fact that during his tenure, the U.S. went from a creditor nation to a debtor nation.

We are now borrowing many hundreds of billions of dollars a year from China and other nations to stave off complete national bankruptcy, while shifting the bill to pay all this money back, and continue funding these welfare schemes, to generations of Americans yet unborn.

Were the U.S. a private corporation, every one of the legislators that voted to put us into this giant, Ponzi-like financial mess would be brought up on criminal charges.
But because of the endless spin and propaganda of welfare-state cretins like Kerry, we're spending ourselves into oblivion all under the aegis of "helping" people, and preserving our "safety net."

What happens when foreign nations stop loaning us money? What happens when China decides it's had enough, and that it is militarily and economically strong enough to starve us? What then, Sen. Kerry?

Oh, right, I forgot --- you and Teresa (
"shove it") Heinz-Kerry can go ride off into the sunset, courtesy of her inherited millions, and leave the entire house of financial cards you helped to create for America to come tumbling down on our heads.

"Responsibility," indeed, Sen. Kerry.

"Shove it,"
yourself, Sen. Kerry --- and that goes the same for all the donkeys that you and your comrades rode in on.

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NOTE: From the wayback machine.... Communists For Kerry.

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