What then?

Let's say you borrow around $30,000. from your bank and your interest is around $100. per month. Subsequently you fall on hard times, but you want to keep your credit in good standing, so the bank allows you to pay the interest only on your loan every month.

Well, you continue on in your hard times, and pay the interest only on your $30,000. bank loan, full well knowing that your original principal of $30,000. is never reduced. The bad news is while you remain "in good standing" with your bank, the principal of $30,000 is still there and must eventually be paid to the bank. 

Of course the bank is happy, and doesn't really care how long you take because they're making $100. of interest from you each month, and they still hold the legal binding of the original $30,000 loan.

OK, let's go another step further; you find yourself on more hard times and cannot even pay the $100. monthly interest on your bank loan. So, you go to the same bank, and ask for another loan, so you can pay the interest only on your original loan of $30,000.

Sounds crazy huh? You're borrowing money to make your interest-only monthly payments from the same bank you originally borrowed the $30,000.

Before you jump up and say "what kind of crazy deal is that....who would do that"?  Well, folks, wake up...that is exactly what King Hitler Jr. is doing to our country right now. Our national debt is $17.Trillion. A great portion of our debt is for the billions we owe China, and like everyone else we must pay interest on our enormous loans.

And guess where we go to borrow to pay for our interest-only loans and debts. Yep, you guessed it; back to our "great friend" China. In essence folks, our great country is actually borrowing money to pay for the interest on our loans and debts from the same country we are borrowing money from.

And yet the Democrat run Senate keeps saying the Republicans are destroying the middle class because we're trying to cut back spending so we can reduce our national debt and our loans to China. The very sad reality in all this is most people aren't even aware of this scenario, especially people that today live in King Hitler Jr.'s nanny state.

The people that now rely on welfare, food stamps, subsidized housing, along with extended unemployment must know that hard working American taxpayers are paying for their nanny state. Some of these nanny state people actually believe this money comes from their beloved leader Hitler Jr.

While Hitler Jr. and his followers, and the slave media keep telling everyone that the economy is doing great and the recession is over they refuse to face reality on how bad our economy really is.

How many of these nanny state people realize that we need a gross domestic product growth of 4% to even maintain a modicum of stability and growth for our economy. Today, it was reported that our gross domestic product (GDP) is just a little over one percent (1%) 

I certainly don't want to insult anyone, but I will venture to guess that the majority of our nanny state population doesn't know what GDP means and what it's measurement really means.

Our gross domestic product (GDP) is the total value of goods and services produced here in the U.S. For  the U.S. to grow and economically survive we should grow at the rate of approximately 4% a quarter. We are now at 1% GDP growth.

At this pace a few things will happen; our national debt will grow, grow, and grow to the point where it becomes unsustainable, and countries like China may not provide loans to us.  The economy suffers more, and jobs dry up as unemployment grows.

And then another scenario emerges; it's the "what then" syndrome. It simply means we will run out of funds to sustain our nanny state. There will be no funds for welfare, food stamps, subsidized housing, health care, and yes, even social security for the retired population.  And again I ask "what then"?

Look what happened in Greece. And before anyone thinks that this could never happen here, take a look at bankrupt Detroit, along with the twenty other cities here in America that is right now close to bankruptcy.

People in the nanny state have the mentality that they "shouldn't bite the hand that feeds them", therefore they bought into Hitler Jr.'s promise of living the good life off the backs of  hard working American taxpayers.

It seems no one cares to find a solution to all this economic mess. They just want to make sure it isn't their fault. Hitler Jr.'s answer to all this is simply, "it's what I inherited, and it's Bush's fault". 

Not many have the complete solution to this problem, but to continue spending at this pace will certainly assure we will hit the "what then" syndrome, meaning there will be no money. Yes, as simple as that; and soon we'll be adopting the line from the Jerry McGuire movie, "Show me the money".

Economically, our great country is falling faster and faster every day, and the man that refuses to do anything about this will be going off into the sunset in January, 2017, and he won't care at all about the economic mess he caused. And you can bet, at this pace, our economy may be at at level that we can never recover from.

Of course he'll still claim, "it's all Bush's fault".

And that's Politics with Pete for today...God bless our country...and our troops.