Money printing so far has resulted in a 350% increase in
the money supply. All that is propping
up the stock market is Federal Reserve money printing. Obama wants to keep printing and spending to
install his “big government” schemes and knows Republicans don’t want to be
blamed for a stock market decline. This “catch 22” has kept Republicans from
making the case for an effective economic recovery.
The Federal Reserve has announced that they will “eventually”
and gradually reduce the printed money held by the big banks. They are waiting
for an economic recovery Democrats would never allow. Democrats want to increase the size of the
Federal government and convince voters to accept the decline of our standard of
living to show how clever they are.
With Federal Revenue at $3 trillion a year and Federal
spending at $3.7 trillion a year, we could cut $700 billion in spending and
never notice it, but the Democrats would fight like hell to keep the spending
rising.
Republicans know that roll-backs in taxes and regulations
will be needed to bring manufacturing jobs back to the US. Democrats dislike
oil and gas production increases, our best hope to begin to increase jobs. Some Republicans don’t understand that our
current, excessive legal immigration policies need to be pared back to make
more jobs available to citizens.
Our economy is declining and Republicans need to agree on
what cuts would actually help the economy and make their case. They will need
to increase the eligibility age for Social Security and Medicare.
Obama is counting on ignorant and gutless voters’ failure
to figure out he is killing our economy on purpose and holding voters and
Republicans hostage. If Republicans can cut spending enough to balance the
budget and have a plan to shrink the Federal government further, private investment
will increase. Political considerations
need to be ignored. Environmental Nut-jobs, Communists and criminals will
object to reforms that involve closing federal departments and agencies and giving
unconstitutional functions to the States and the People. If we don’t do this, the problems will never
end.
Norb Leahy, Dunwoody GA Tea Party Leader
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