Show Me the Money

The House of Representatives was seen gleefully cheering and patting themselves on the back after passing a bill to create one of the most expensive government programs in the history of the country. Democrat members of the House spent the following day before television cameras extolling the claimed benefits of their handiwork. They never once revealed where the billions or future trillions of dollars were going to come from to fund this massive federal takeover of healthcare in America. I won’t begin to get into all the controversial provisions of this bill, as it is highly unlikely to pass the Senate in its present form. What every American should demand to know though is where all this money is going to be found. Supposedly there is $500 billion dollars in Medicare fraud that they plan to find and convert to new benefits. If that were true, it would seem to be the biggest argument against giving federal bureaucrats more money to waste. If they are in fact throwing away half a trillion dollars a year in fraud, they should all be put in jail for criminal negligence.

The nation is out of money as I write this article. We are borrowing hundreds of billions of dollars from foreign nations just to pay the interest on our existing debt. How can we be taking out more loans when we can’t even pay the interest on existing debt? As this is being written, the debt now stands at $11,981,837,000,000. That is essentially now equal to the Gross Domestic Product of the entire country. The interest on that amount is increasing at the rate of $864,000,000 per day. Not only are we adding to the debt through borrowing on the interest, we continue to add to the debt through continued deficit spending. This is like maxing out your credit cards and then getting loans to pay the interest on your cards. Since you have no money left in your bank account, you borrow some more.

The sight of these House members jumping up and down and congratulating themselves is just astonishing to watch. Do they care nothing of the financial solvency of our country? Do they not realize that the greatest threat to our nation is not importing foreign oil, but exporting cash to countries that care nothing about our own survival? Wake up America. Congress is spending your freedom. They are spending the future of all of our families. Unless this is reversed, the numbers cannot be sustained indefinitely. At some point it will just stop because there is not enough money in the world system to support it. China is already starting to back away from buying more American debt. There are few other countries with the cash to replace their support. China could single handedly collapse our economy if they dumped all of their notes at once, or even a substantial portion. China only continues to support us because it is in their own self interest. If they quit believing that, we would be in serious danger. This is an enormous threat to the sovereignty of our nation and the freedom of every American. Not only is this Healthcare Bill an intrusion into the individual’s decisions on their own healthcare, all massive spending bills, that have no funding from existing revenues, threaten the economic survivability of our nation. This should be causing us to jump up and down too, but for a much different reason and it is not in celebration.