Hobgoblin’s haunt the U.S.

A fox entered an actor’s house and rummaged through all his properties. Among other things, he found a mask representing a hobgoblin’s head. The work of a talented artist. He took it up in his paws and said, “What a fine head! A pity it has no brains in it.”

Aesop reminds, us that some people of impressive physical appearance are deficient in intellect.

Over time the United States work force has produced a stunning $14.6 trillion in economic productivity for the nation. But they have less to show for it then they should. Because, their government thinks that the workforce has deep pockets. Taking upon itself over the same period to spend more than the work force has produced. We all know that the only way that that can be done is by borrowing money against the productivity of the workforce.

Their productivity, federal economist have tagged as the nations domestic product or GDP. It’s estimated that the federal debt is over $13 trillion or about 89 % of what the workforce produces. That’s up from the GDP for 1988 which was 51 %.

From that, we can see the workforces woes are steadily increasing. The question, what happens when the government borrows 100%  of what the workforce produces. It’s that 11% differential that allows the government to pay interest on our debt. Which according to the U.S Treasury, was a walloping $383 billion for fiscal year 2009.

It’s that 11% differential from the workforces GDP or $14.6 trillion. Against the national debt of $13 trillion which allows for the paying of the interest on our national debt. Once the feds have eaten up that 11% differential, the future of the nation is unknown. Because which one of the nations creditors, like China or Japan. Will lend money to the U.S.with zero dollars in GDP equity?

The whole point is that the feds consisting of democrats and republicans are nothing more then a group of hobgoblin’s with deficient intellects to have allowed themselves to assume so much debt, over the decades. Each party blames the other, but both are responsible, and both parties share the blame.

Upon us soon will appear the nations mid-term elections. In Florida all the candidates for national, state or local office are hobgoblin’s. Worse then just deficient in intellect but in enough instances ethically and morally decadent. Which one suspects is the same where you live. Forcing this voter, in Florida, not to vote for any of the candidates on the ballet.

If anything is evident, it’s that the nation is in drastic need of change, change of a revolutionary type.

In Florida there are referendums on the ballot. Rule of thumb, vote NO, if its supported or advocated by any government entity. It’s a red flag alert, when the Chamber of Commerce advocates a yes vote. Of course, the same rule applies, when the business community supports a yes vote. But of course the converse is necessary, when they advocate and support a no vote.

They too are of the hobgoblin class. Because these referendums serve the needs of special interest groups aforementioned and not the concerns and interest of the public. And generally speaking, they increase the public debt. Despite the fact  that local communities through out the state don’t have any money.  Reaching the treasuries of the federal and state governments, who promise to pump money into these referendums or constitutional amendments, if they pass. Money not available, unless borrowed, which brings dooms day that much closer to the American workforce.

Around the corner it repeats itself

Alexander Hamilton wrote in his contribution to the Federalist Papers in 1787. It seems to have been reserved to the people of this country. By their conduct and example, to decide the important questions. Whether societies of men are really capable of establishing good government from reflection of choice. Or whether they are forever destined to depend on their political constitutions by accident or force. If there be any truth in that remark, the crisis at which we are arrived may with propriety be regarded  as the era in which that decision is to be made. A wrong election on our part. And it shall be seen from this view, to be considered the general misfortune of mankind.