Obama’s “stimulus” plan is about debt owed to bankers, not government socialism

Kurt Nimmo
Infowars
February 14, 2009

Republicans are trotting out the “S” word in response to Obama’s historically unprecedented borrow and spend bill. “S” stands for socialism.

Rep. Bob Latta, an Ohio Republican, told WSPD AM in Bowling Green that when he looked at the latest cover of Newsweek, he was “looking for the hammer and sickle someplace on there.”

Newsweek’s latest issue declares in big bold type: “We Are All Socialists Now” and compares the current political landscape in this country to European socialism. “If you want government to take everything, if you want government to take more and more over with the banks, more of the industries, all of a sudden you’re going to have a government auto czar, right there, right down the line, that’s socialism,” said Latta.

Mr. Latta has it backwards — the government is not taking over the banks. In fact, the banks long ago took over the government.

European socialism is the model: more precisely, the globalist European Union. It is not the sort of socialism one reads about in political science books — a broad set of economic theories of social organization advocating public or state ownership and administration of the means of production and distribution of goods, and a society characterized by equal opportunities for all individuals, with a fair or egalitarian method of compensation.

It has nothing to do with the egalitarian distribution of wealth. It has to do with the inegalitarian distribution of wealth upward, to the bankers and transnational corporations. It is more akin to National Socialism, that is to say fascism.

Republicans like to delude themselves into believing Obama’s borrow and spend bill represents a return of the welfare state. According to Robert Rector, a senior research fellow at the Heritage Foundation, in the first year following enactment of the stimulus bill, “federal welfare spending will explode upward by more than 20 percent, rising from $491 billion in fiscal year 2008 to $601 billion in FY 2009.” Rector notes this represents the largest expansion of “welfare” in the nation’s history. “Once the hidden welfare spending in the bill is counted,” writes Rector, “the total 10-year fiscal burden (added to the national debt) will not be $816 billion, as claimed, but $1.34 trillion. This amounts to $17,400 for each household paying income tax in the U.S.”

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However, the word “welfare” in this context is misleading, same as socialism. Obama’s supposedly “socialist” borrow and spend bill “will add to the growing number of people dependent on government and, thus, politicians, who will never show them the way out of poverty, but give them only enough money to sustain them in poverty and then tell them if they don’t vote for Democrats, those nasty Republicans will take their checks away,” according to Rector. Republicans have deluded themselves with this fallacious line of reasoning for decades.

	The National Debt Clock needs to be modified to correctly display the ever increasing debt.

For Republicans, welfare and socialism are about Democrats attempting to gain control of the political system, when in fact welfare is a cover for a larger and far more pernicious banker scam designed to impose debt on the nation as a whole.

“The Obama administration economic stimulus package is going to force the Treasury to borrow approximately $2.5 trillion in 2009 and another $4 trillion in 2010, with the result of increasing the current $10 trillion national debt by 65 percent in just two years,” writes Jerome Corsi. “If the Obama administration increases the national debt by 65 percent every two years, the debt will be $16.5 trillion in 2010 and $27.225 trillion by 2012, the year of the next presidential election.”

Corsi cites Craig Smith, founder and CEO of Swiss America, who estimates it would take approximately four generations of Americans to pay off the interest of the U.S. Treasury bonds sold as debt to create the $1 trillion stimulus package, factoring in a 3 percent growth rate in the economy throughout that time.

This is precisely what Obama’s borrow and spend bill is all about — extending the reach of the national debt owed to the bankers into the distant future. It has nothing to do with welfare or socialism as far too many Republicans claim. It has to do with debt slavery. It has to do with control.

Republicans by and large supported George Bush, who increased the national debt by more than $4 trillion during his reign, the largest increase in U.S. history. On the day Bush took office, the national debt stood at $5.727 trillion and by the time he exited it had ballooned to more than $9.849 trillion, a 71.9 percent increase. Not a word about this out of self-righteous Republicans as they complain about Obama’s borrow and spend bill.

In order to drive the point home, Corsi notes that the U.S. National Debt Clock, at Times Square in New York City, needs to be modified to eliminate the dollar sign in order to reflect the national debt in tens of trillions of dollars.

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Fractional reserve banking — the basis of the current financial system — is about usury, fraud and insurmountable debt. Since the Federal Reserve Act was passed into law in the dead of night in 1913, bankers have fraudulently created money out of thin air and the process of lending money has created staggering inflation. Obama’s “stimulus” bill will make sure future generations are enslaved by this astronomical debt. It is a scientifically engineered event designed to consolidate power and wealth in the hands of the global elite.

The end result will not be a welfare state indebted to and voting for Democrats. It will be debt slavery and the imposition of a world government run by and for the international bankers.

Republicans need to get back to their Jeffersonian and Jacksonian roots. “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered,” wrote Jefferson.

“I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic,” wrote Andrew Jackson, “inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.”

Obama represents the current version of this “moneyed aristocracy.” His administration is packed with bankster operatives and globalists from the Council on Foreign Relations, the Trilateral Commission, and the Bilderbergers. His financial guru is the former chairman of the Federal Reserve and a Rothschild banking operative, Paul Volcker, who has declared Americans have been living beyond their means for too long.

Instead of the “S” word, Republicans need to concentrate on the “B” word — that is “B” for bankers. Anything less than exposing the criminal plan of the international bankers to enslave the nation — indeed, the entire world — to debt into perpetuity is a betrayal of the people they claim to represent.

This article was posted: Saturday, February 14, 2009 at 1:40 pm

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