President Obama, What Comes After a Trillion?

If Barack Obama and his spend thrift pals in congress have their way, we may need to know what comes after a trillion because our debt will will past 1000 trillion in our life times and the Chinese will essentially own America and will do with it as they please.

It was interesting to me that Obama stated in his press conference that we cannot be a nation of individuals seeking our own self interest, but rather we have to be a collection of citizens as concerned with every one's welfare not just our own.

While that sounds great, it is not capitalism. The free market survives because everyone looks out for their own self interest and in doing so markets of free exchange form, value creation delivers wealth to those who best serve the needs of the market, and capital seeks it highest rate of return. This is how the United States has prospered and kicked economic butt for 200 years. It is hilarious to me that Obama is perplexed that capital does not run into the market he is defining...one of changing rules and punitive regualtions on success. He is a government man, through and through, one who knows not of the market, but wants the taxes it can deliver. He may kill it though, either unwittingly or by design.

The belief of Obama that somehow one's self interest is subservient to the common good is the foundation of communism. Don't think so? Read the Communist Manifesto and try to discern the difference between the class warfare Karl Marx describes and the class warfare he has invoked. There isn't a lot of difference. Obama believes that people are stuck in their economic class and that it is up to the central authority to look after the exploited ones, the helpless ones, the ones who are victims of circumstance rather than the result of their abilities and their choices. In the Obama world, he and his Ivy League egg heads are smarter than markets of billions of independent decisions. In the Obama world the number that follows 999 trillion matters, because he is going to spend that much to make sure that everyone is "equal" no matter how much it costs us.