National Debt and National Unemployment

A recent political article I read stated that Americans would not be concerned with the huge debt our federal government has incurred if the level of unemployment in our nation would drop to an acceptable number. The logic expressed was that with a much greater number of Americans working there would be an increase in federal tax revenue and the national debt would be diminished. That expression appeared to be logical until the author more than hinted that the employment cure could be realized by a massive federal hiring program.

No thought was given by the writer to the expense of such a program; to the lack of marketable products being produced by such a program; and to how such a program would be funded.

In other words, it was a liberal/progressive/socialist fraud.

Here are some facts. Today, June 2nd, the BHO Administration disclosed that last week another 422,000 Americans for the first time asked for unemployment benefits. This 422,000 figure is, according to Washington, "seasonally adjusted", whatever that means but which obviously is not an artificially increase number. In April the private employers in America created and filled 177,000 new jobs. In May, the month that just ended, this same segment of the American economy added only 38,000 new jobs. I wonder how many high school and college graduates there were in May and who will in June discover that no jobs exist and join the unemployed.

Now of course BHO functionaries have "let it slip" that government figures to be released tomorrow will show an increase in the nation of 150,000 jobs in May. Does that mean the government of America filled 112,000 job slots? AND Does that mean that all of these salaries benefits will do nothing more than increase the national debt even more?

Speaking of the national debt, it is currently greater than the already authorized $14.0 Trillion ($14,000,000,000,000.00). This almost incomprehensible figure does not include a projected $6.0 Trillion in unfunded but to be paid Social Security and Medicare benefits and a projected $1.o Trillion in unfunded but to be paid in military and federal government retirement benefits. So at best, Americans as a whole owe in federal debt at least $21.0 Trillion. Sadly that figure does no include the huge amount owed by us in State, County and City debts.

The truth is that Obama and his staff continue to mislead the nation on the two matters about which we are most concerned - national unemployment and national debt.

The reality is that there will have to be a "belt-tightening" across America to bring all economic matters back into line and to be coupled with a real effort to insure that in 2012 an incumbent is not reelected to the White House.