It was Lenin who said that the surest way of bringing down a government was to debauch their currency. The Democrats are moving towards debauching the American dollar at the local, state and federal levels. They are succeeding because the American people, other than conservatives, have no idea what is going on.
Blue states, Democratic controlled states, continue to spend money like drunken sailors without any concern about the future consequences of debt. This year there was a jump in revenues for many of these states but rather than use the money to pay down their debts, the Democrats are spending their ill gotten gains. The jump in revenue comes from the fact that the Obama Administration will be taxing investments at a higher rate this year. So investors have cashed in their stocks and bonds to avoid the higher taxes. Getting rid of debt is not a priority of Democrats around the nation. They enjoy spending your money.
Adding to our future financial crash is ObamaCare. The Department of Health and Human Services has scrapped a key provision in the health care law – verification of income. The government will accept at face value whatever you tell them is your income when you apply for health care insurance through the exchanges. The Washington Post reported that verification of incomes will not come until 2015. Since this comes after the 2014 election, only idiots would consider this a non-political move.
The problem with this latest political maneuver by the Democrats is that people who claim they need to have a subsidy to buy insurance are going to run up a huge bill for the government. Higher demands for subsidies will likely create a new deficit and debt. It also opens the door for massive fraud and waste in implementing the law. There are already indications that healthy young people over the age of 26 will see a massive increase in their insurance premiums. It is expected that they would be paying for those who need the subsidies. In addition, the working poor cannot afford the health insurance even with the subsidies because it takes a sizeable chunk out of their take home pay.
What this boils down to is that ObamaCare will continue to push the American economy down. Our currency is already facing challenges from China. The Democrats are debauching the American dollar through their insanity. They are fulfilling Lenin’s plan by devaluing our currency. It certainly looks like Khrushchev’s prophecy that Communism would bury the United States is coming true through our closet Communists – Obama and the Democrats.