National debt projections (approaching $10 trillion) have increased 400% in the last six months.
The U.S. Postal Service was established in 1775 – they’ve had 234 years to get it right; it is broke, and even though heavily subsidized, it can’t compete with private sector FedEx and UPS services.
Social Security was established in 1935 – they’ve had 74 years to get it right; it is broke.
Fannie Mae was established in 1938 – they’ve had 71 years to get it right; it is broke. Freddie Mac was established in 1970 – they’ve had 39 years to get it right; it is broke. Together Fannie and Freddie have now led the entire world into the worst economic collapse in 80 years.
The War on Poverty was started in 1964 – they’ve had 45 years to get it right; $1 trillion of our hard earned money is confiscated each year and transferred to “the poor”; it hasn’t worked.
Medicare and Medicaid were established in 1965 – they’ve had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care.
AMTRAK was established in 1970 – they’ve had 39 years to get it right; last year they bailed it out as it continues to run at a loss!
This year, a trillion dollars was committed in the massive political payoff called the Stimulus Bill of 2009; it shows NO sign of working; it’s been used to increase the size of governments across America, and raise government salaries while the rest of us suffer from economic hardships. It has yet to create a single new private sector job. Our national debt projections (approaching $10 trillion) have increased 400% in the last six months.
“Cash for Clunkers” was established in 2009 and went broke in 2009 – -after 80% of the cars purchased turned out to be produced by foreign companies, and dealers nationwide are buried under bureaucratic paperwork demanded by a government that is not yet paying them what was promised.
So with a perfect 100% failure rate and a record that proves that each and every “service” shoved down our throats by an over-reaching government turns into disaster, how could any informed American trust our government to run or even set policies for America’s health care system – – 17% of our economy?
Maybe each of us has a personal responsibility to let others in on this brilliant record before 2010, and then help remove from office those who are voting to destroy capitalism and destroy our
I predict future happiness for Americans if they can prevent the
government from wasting the labours of the people under the pretence
of taking care of them. – Thomas Jefferson
August 31, 2009
Source: Yahoo Finance