Failed Presidency: Two Ways To Conquer A Nation – Sword or Debt

Thirty-five years ago, the United States of America enjoyed being the greatest creditor nation in the world.  In 2012, we languish at $16 trillion in debt and going deeper by the minute.  We have become the largest debtor nation in history.  We borrow $2 billion daily to float our bloated and inefficient government.
We provide free money for millions who sit on their butts 24/7.  We pay millions to have babies, tap into free food at schools, free medical care and we pay for their housing—all on taxpayers’ backs.  We suffer 13.4 million children living in poverty.  We pay for an ongoing and useless war in Afghanistan at over $10 billion every 30 days.  Over 46.9 million Americans ride food stamps for a living.  Electronic Benefits Transfers allow millions of single mothers to live on the dole as long as they keep birthing babies.


All our debt, all our unemployables, all our welfare recipients, all our illiterate and downtrodden citizens can only lead to one final outcome—ultimate collapse.

“There are two ways to conquer & enslave a nation.

One is by the sword.

The other is by debt.”  John Adams  1826

One of the Founding Fathers, John Adams said it best.  Alexander Hamilton said much the same thing.  You cannot continue adding to your debt whether you are a person or a government.  You will have to pay the Piper at some point.  Your deck of cards will fall.  Ask any of the millions of Americans who suffered foreclosures in the past three years.  Ask any of the hundreds of thousands of personal bankruptcies across America.
Four years ago, a young and inept U.S. Senator named Barack Obama made the following statement in March of 2006:
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America’s debt weakens us domestically and internationally. Leadership means that, “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
President Barack Obama added $3 trillion to our federal debt within 3.5 years of his administration.  He maintained two wars at $12 billion monthly.  He continued 8 to 9 percent unemployment.  He failed to reform and repair illegal immigration that costs taxpayers $346 billion annually across 15 federal agencies. (Source: Edwin Rubenstein “Costs of illegal immigration”  www.TheSocialContract.com ) He failed to reform “free trade” to “fair trade” that siphons $700 billion annually in trade deficits.
During his four years in office, Obama failed American taxpayers, American workers and the American way of life.
During his four years in office, the “buck didn’t stop here.”  It didn’t stop at all.  As shown in his foreign policy blunders, Obama resembles a 6 foot man who can’t swim who fell into a 12 foot swimming pool with no lifeguard on duty.
Unfortunately, we American citizens pay the freight. We pay the interest on $16 trillion each day.  How much do we pay for all that borrowed money every day?  Answer: $500 million a day or total of $189 billion annually.  That  amount doesn’t begin to pay down the debt. (Source: www.defeatthedebt.com )
Who failed us?  First of all, our U.S. Congress failed us because it acts like a teenager with an unlimited credit card.  Obama failed us because as the head “parent” who writes the paychecks, he never stopped Congress, but in fact—added to the debt by reckless spending.
We need a president who understands finances. We need a president who understands how to operate an entire budget process for our government. We need a leader who will bring our spending in line with our taxes.
Otherwise, John Adams will prove a prophet of our demise as a civilization.

“There are two ways to conquer & enslave a nation.

One is by the sword.

The other is by debt.”  John Adams  1826

Frosty Wooldridge has bicycled across six continents – from the Arctic to the South Pole – as well as six times across the USA, coast to coast and border to border. In 2005, he bicycled from the Arctic Circle, Norway to Athens, Greece.
He presents “The Coming Population Crisis in America: and what you can do about it” to civic clubs, church groups, high schools and colleges. He works to bring about sensible world population balance at his website: www.frostywooldridge.com