Yesterday, I saw a headline that stated that gasoline was going to $9 per gallon in the United Kingdom. I was not at all surprised by that.
For those of you who do not know, our gasoline isn't cheaper here just because we are Americans.
Gasoline costs more in Europe because its price is inflated by massive taxing, taxes that are necessary to pay for their "free" health care.
Well, wake up, America! It's coming here soon.
Our country is currently broke. We cannot meet our obligations now; so our president decided, against the will of the people, that we would heap even more debt upon our children and grandchildren.
Our country is a lot like the guy who cannot pay his mortgage, so he goes out and buys himself a yacht.
This mountain of debt that we've already accumulated cannot be sustained forever. Only a fool would willingly add another government entitlement program to the budget.
A family can survive for a time when they are spending more than they are taking it. But sooner or later, the debt will catch up with them.
I am afraid that our country is soon going to learn that lesson.
Everything is going to take a huge increase, from the price of gasoline and groceries to your income tax.
Unfortunately, our economy has already been weakened by these reckless financial policies. Added taxation will only hinder the recovery.
There are certainly some troubling times ahead for America.
Saturday, April 10, 2010
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