What does fiscal responsibility mean anyhow? To the common man, I believe this often uttered phrase means, "to live within one's means". To live within one's means, one spends less than one earns. This is the most simple of definitions, but often the simplest definitions are best.President Obama is convening a "Fiscal Responsibility Summit" in Washington, D.C. immediately after passing the most pork-laden and largest spending legislation known in the history of mankind.
Never let it be said that our nation's leader lacks chutzpah. (Remember that the classic definition of chutzpah is the person who murders their parents and then pleads for mercy from the judge because he is an orphan.) Fiscal responsibility, to some, is a phrase which gets trotted out at a whim to point out what others should be doing to ensure economic responsibility in others and never mind what I am doing, mind your own business.
The antithesis of fiscal responsibility is the handout. handouts hurt everyone.
Obama has become a great handout champion. At his town hall meeting in an attempt to drum up support for his "porkulus" bill, Obama promised to do everything he could for Henrietta Hughes. Henrietta was homeless and needed a house and a small car. Google Henrietta Hughes for the latest as I cannot keep up with this woman's stories.
Part of the Obama administration's $75 billion dollar tax relief plan includes paying off some people's mortgages. Amazingly, read the unbiased story from MSNBC who explains why this is a good deal. People who did not read their loan agreement, bought new cars, bought more house than they could afford, people who should not have bought homes in the first place are going to get their mortgage assistance from the government. My personal favorite story is the guy who was prequalified to buy a $1.5 Million dollar condo on $20,000 per year income.
Bailing out the bankers last year was a huge mistake. If you don't think so yet, please read the story of Northwestern Bank (recipient of $1.6 Billion dollars of federal bailout money) who flew hundreds of employees and guests to LA to attend a golf tournament sponsored by the bank. The bank hired Chicago, Earth Wind and Fire and Sheryl Crowe. Not bad.
We live in the era of the handout. Who doesn't have their hand out nowadays, anyway? I work three jobs to support my family and saved for years to purchase a home, so not me. Think this entitlement concept has gotten out of hand?
Part of the Obama administration's $75 billion dollar tax relief plan includes paying off some people's mortgages. Amazingly, read the unbiased story from MSNBC who explains why this is a good deal. People who did not read their loan agreement, bought new cars, bought more house than they could afford, people who should not have bought homes in the first place are going to get their mortgage assistance from the government. My personal favorite story is the guy who was prequalified to buy a $1.5 Million dollar condo on $20,000 per year income.
Bailing out the bankers last year was a huge mistake. If you don't think so yet, please read the story of Northwestern Bank (recipient of $1.6 Billion dollars of federal bailout money) who flew hundreds of employees and guests to LA to attend a golf tournament sponsored by the bank. The bank hired Chicago, Earth Wind and Fire and Sheryl Crowe. Not bad.
We live in the era of the handout. Who doesn't have their hand out nowadays, anyway? I work three jobs to support my family and saved for years to purchase a home, so not me. Think this entitlement concept has gotten out of hand?
- The porn industry is petitioning for a federal handout
- North Korea is jockeying for a handout from the Obama administration
- The city of Houston, Texas has proposed a program to pay off the credit card debt for those seeking to borrow a home. (This caused national outrage to the point that they replaced the original story with the backpedal story)
To be fair, President George W. Bush was a decent enough man, but lacked conservative values. Unlike his predecessor, W. was capable of keeping sluts out of the oval office and avoided getting handjo... wait... we are talking about handouts. Who in their right-leaning conservative mind would have signed into law the Family Leave Act or that boondoggle prescription drug bill?
President Obama, however, has ushered in a new era of the fully-entitled handout. Where does this all end?
I can tell you for certain who's pocket it is going to come out of.
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