February 17, 2011
Alfred E President
By Bruce Walker
Barack Obama resembles, more and more, the hapless, clueless, sappily cheerful mascot of MAD Magazine, Alfred E. Neuman. Given the intellectual vacuity of his life so far, attending schools and working in "jobs" that did not require a single original thought, or even exercise in critical thinking, it is increasingly hard to determine whether our illustrious leader actually grasps the profound seriousness of civilized life today.
Our national debt is exploding. Right now it is only a measly $45,000 per person, but it is growing fast. This does not just mean the federal government faces political problems with gigantic deficit "investment" appropriations, but it also means that no one wants to buy our government debt instruments any longer. Simply paying the interest on that federal debt is becoming harder. The value of the dollar and the credit of the government are both dropping precipitously. States cannot pay their "bills" (i.e. lawful obligations). When high unemployment rates are the way to control our porous borders and illegal immigration problem, then the long term prognosis for our nation is much grimmer than the calm demeanor of Alfred E President would suggest. Read More
