US Losing Ability to Pay off Debt

US Losing Ability to Pay off Debt

by Jeff Davis

The first official warning sign has now been posted. It isn’t just the individual states like California and New York and Illinois that are about to disappear into a financial black hole of bankruptcy and default. It’s all 50 states at once.

The London Financial Times reports: “Standard & Poor’s issued a stark warning to Washington on Monday, cutting its outlook on US sovereign debt for the first time and throwing more fuel on the raging debate over America’s swollen deficits. The agency kept America’s credit rating at triple A but for the first time since it started rating US debt 70 years ago, cut its outlook from ‘stable’ to ‘negative’. A negative outlook means there is a one-third chance of a downgrade in the next two years. Doubts about US creditworthiness could threaten the dollar’s use as a global reserve currency amid the rise of rivals such as China that have better growth prospects and fewer fiscal challenges.”

China also has a large, intelligent, and racially homogeneous population. You know, like America used to have. What we’re seeing is the transition of America from a White industrialized nation to a Third World nation. One third of our population comes from the Third World and government quotas force employers to hire people with brown and black faces regardless of how unqualified they may be.

The Financial Times notes: “The outlook cut highlights the damage to US creditworthiness from a decade of unfunded tax cuts and spending increases followed by massive fiscal stimulus during the recession. The US will have a deficit of 10.8 per cent of gross domestic product during 2011, according to the International Monetary Fund, and net government debt will exceed 70 per cent of GDP. The cut also reflects deep uncertainty about whether the polarised US political system is capable of thrashing out a deal to tackle the long-term fiscal costs of an aging population. More than two years after the beginning of the recent crisis, US policymakers have still not agreed on how to reverse recent fiscal deterioration or address longer-term fiscal pressures,’ said Nikola Swann, the primary S&P credit analyst for the decision.”

Well, voting out Obama and the Democrats couldn’t hurt.

Look, the handwriting is on the wall, and a few people are even starting to see it. At some point this whole house of cards is going to collapse. There will simply be no more money, and then Obama will start printing it, and so there will be money all right–it just won’t be worth anything. The African Communist Robert Mugabe tried printing up money and bankrupted his country and our African Communist, Barack Obama is apparently just as clueless.

Eventually, the flow of goodies to the violent, greedy and non-producing minorities will be cut off. And what then? Government hand out programs like welfare, Section 8 housing and racial quotas for jobs were meant to appease the Blacks so they would stop rioting. Don’t expect the Blacks to take the loss of their government check very well. Given a choice of doing manual work or a lot more muggings and burglary of White people; I think we all know what they will do.

The United States of America was once considered to be the source of nearly all the money and wealth in the world, and when there was an unfettered free enterprise system and a racially homogeneous, employed, and productive White population in charge, so it was. Now the United States no longer manufactures anything, one out of five people is unemployed and inflation is becoming increasingly noticeable.

To give you an idea just how crazy Congress is; they are now running a national deficit of 1.6 trillion dollars per year. Apparently not one Democrat considers this crazy or out of control. There is “talk” about cutting the deficit down to one trillion dollars per year, but that’s apparently all it is: just talk. The reality is that millions of Third World people are stealing jobs and promotions thanks to racial quotas, kicking productive White people into the ranks of the unemployed and forcing Third World incompetence into every American company. The rest of those 100 million Third World people living in the US today are getting a First World lifestyle on the backs of White taxpayers. The situation is getting critically bad, we need to expel the Third World invaders or they will cripple our economy.

That’s not light at the end of the tunnel; it’s an oncoming train.


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