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Tuesday, August 14, 2012

NUGENT: America is on a financial suicide watch - Washington Times

NUGENT: America is on a financial suicide watch - Washington Times

Someone should have to answer for the financial high crimes and misdemeanors that are bankrupting our nation and financially raping the futures of our children and grandchildren.

If a corporate officer did to the shareholders of a company what Barack Obama and his gang of soulless Fedzillacrats have done to the American public, he would be charged with any number of financial crimes and sent to prison.

Our federal government has mismanaged the financial affairs of our nation worse than Ken Lay and the other crooks did to the fake energy company, Enron.

It’s not an accounting scam. The ledger doesn’t lie. The numbers are easy to read and the numbers aren’t pretty. America has been steered way, way over our heads. Terrorists aren’t the biggest threat to our national security. Fedzilla’s irresponsible spending and our mounting national debt are.

Instead of talking about the debt beast that is drowning America, the national narrative is focused on what Dan Cathy, president and founder of Chick-fil-A, has said about marriage. What fools we are. We are being fleeced, led to the economic slaughterhouse like mindless sheep distracted by the dumbest of dumb.

America owes its creditors roughly $16 trillion, which is the entire size of our annual economy. And the debt keeps on rising as evidenced by the National Debt Clock, which should be renamed the National Economic Death Clock.

We are now borrowing 43 cents for every dollar we spend. We are spending roughly $1 trillion more than we take in every year.

In just over three years since taking the oath of office, the national debt has climbed from roughly $10 trillion to $15 trillion on Mr. Obama’s watch. The White House is now officially the American cuckoo’s nest.

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