Just Ranting About ACORN And UnBailable Debts

Now that ACORN has done their best to make voter fraud as pervasive as possible to steal the election and tilt the country towards complete socialism and keep themselves from being held responsible in part for the sub prime crisis, we seem to have forgotten the other debt crisis which the Peter G. Peterson foundation reminds us cannot be “bailed out” by what Hank Williams Jr is calling more “hoodoo”.

They’re the people behind the “I.O.U.S.A.” ads which talk about the problem caused because the people whose government entitlement programs caved in to cause the sub prime crisis are going to cave in all over the place to the tune of $175,000 per person in the US.

I’m in this ranty mood because I heard today about another one of those “entrepreneurs” so called whose made their money tapping into government entitlements, contracting and other special favors. In reality they’re just another con artist leaving destruction in their wake and calling it business while they cash in.

Most of the people who read this blog are too honest to act that way. So that got me hot about all this other stuff.

Here’s their latest Petition Drive

It asks some relevant questions:

WE MUST CONFRONT SOME INCONVENIENT TRUTHS:

* Each household’s share of the nation’s $53 trillion hole is $455,000 – almost 10 times the median household income. This is unfinanceable!
* Our children and grandchildren will face tax rates that more than double over time without real reforms to the government’s existing entitlement programs and current spending and tax policies. This is unthinkable!
* Critical investments in our future such as research and development, children’s programs, and vital infrastructure are already getting squeezed and will get much more so in the coming years. This is unacceptable!

WE MUST DISPEL SOME CONVENIENT MYTHS:

* We cannot grow our way out of these problems. To do so, our economy would have to grow by double digits in real terms for decades. Even during the relative prosperity of the 1990s, the economy grew at an average rate of 3.2% per year.
* We cannot solve the problem simply by eliminating earmarks and pork-barrel spending, cancelling the Bush tax cuts, and ending the war efforts in Iraq and Afghanistan. Combined, these actions would get us only 15% of the way to solvency.

WITH TWO DEBATES LEFT, OUR PRESIDENTIAL CANDIDATES MUST BE ASKED:

1. How will you make fiscal responsibility and intergenerational equity a priority?
2. How will you slow the rate of growth in health care costs that threatens to bankrupt America?
3. How will you encourage the country to save more and reduce our dangerous dependence on foreign lenders?
4. Will you put everything on the table – statutory budget controls, entitlement reform, and current tax policies – to encourage bipartisan action?
5. Will you support the creation of a bipartisan commission to review everything on the table and make recommendations with a guaranteed up-or-down vote by the next Congress?