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Letter: Robbie Watkins
On 'wealth redistribution'
Monday, October 8, 2012
“I actually believe in redistribution,” said President Barack Obama. What part of Obama’s belief in wealth distribution do citizens of our great nation seemingly not understand? Or maybe it is not that they don’t understand, but rather, they understand too well. Along with presidential candidate Mitt Romney, I personally believe there are 47 percent (of people) who will vote for Obama because they are receiving from the government.
Unlike Obama’s commercials on the “47 percent” quote from Romney, these are not the faces of the working public, retirees on Social Security or the military. These are people who have now learned to “vote” for a living rather than “work” for a living. With the facts from the last three years pointing to a huge escalation in welfare, Social Security disability, food stamps and free health care, it appears Obama has been working hard to pursue his stated policy of “wealth redistribution.” And if the polls are any indication, it appears his policy of “buying votes” is working rather well.
Today we read of yet another avenue of Obama redistribution, that of giving it to other countries. CNSNews.com has reported that foreign aid has increased by 80 percent over the last four years. In fiscal 2008 the government spent $11.427 billion in international assistance programs. In fiscal 2011 our government, under Obama, spent $20.599 billion as recorded by the Monthly Treasury Statement. Prior to 2008, international assistance had been trending downward each year from $14.787 billion in 2005 to $11.427 billion in 2008. So it appears that not only does Obama want to spread the wealth to those in our country, but also to the rest of the world, much of which hates us and wants to kill us. We need only look at the recently disclosed dollar amounts given to countries in which our embassies have been under attack.
What is most distressing is the fact that we are borrowing the money for all of this gift giving. As I wrote previously, in 2012 the U.S. has an estimated fiscal deficit of $1.3 trillion. Again, $1.3 trillion is the size of our entire federal government, every department, office and employee. Yet we continue to borrow money from other countries to spend as if there is no tomorrow.
Recently, Florida Rep. Allen West made a revealing statement. He read from an article by a historian of the late 1800s, which states that all democratic republics in history have failed because of loose fiscal policy. The policy most prevalent is wealth redistribution. When the majority of citizens of past republics figured out they could receive gifts from the government by voting for the persons promising the most, that country failed financially, typically followed by a dictatorship. I think it would be safe to say that the U.S. is near that fiscal precipice as 47 percent of Americans seemed to have figured out that Obama is promising the most for their vote. Since we face an impossible debt, what’s next, a dictatorship?