Political blog ahead.....last one..?

I got really frustrated yesterday after reading an article about the most recent socialistic idiocy bestowed upon us by our current administration. The essence of the article was that a lot of people are upset that the EPA deemed some of their "clunkers" unworthy of the "cash for clunkers" program because they get better gas mileage than previously thought, and now these parasites won't get their "free money" from the program.

The problem here is that these morons can't comprehend the fact that the money IS NOT FREE. This is borrowed money which is increasing our national debt to incredible proportions.

Quick economics lesson:
For the most part, the "debt" is borrowed from China and other foreign countries. Not directly, as in "Hey China, loan us a couple billion". But, we print money we don't really have, so we can pay for junk we don't really need, i.e., cash for clunkers, etc. Then, to cover it, we borrow from other countries in the form of loans based on Treasury Bonds. China & Japan own a MAJOR chunk of our treasury bonds. (If you want a detailed list of Foreign holders of our treasuries, go here.) There are also private investors, insurance companies, pension funds, banks, etc., that the government actually borrows from.

As with any debt, this money has to be paid back. Well guess who pays it back!? That's right. The Tax Payers of this country (those of us who actually WORK and pay TAXES) are responsible for the national debt. There is NO FREE MONEY. Just imagine if ALL of us just sat around with our hands held out waiting for something free, rather than working for it. Where would all the "free money" come from then?!

If you're getting something "for free", somebody paid for it. And, quite frankly, I'm tired of paying someone else's share!!! So, yeah, major frustration upon reading that article. Nothing is free!!!!