West's Weekly Wrap-Up

West's Weekly Wrap-Up

Here are the facts for America since January 2009:

- More than 2 Million Americans are unemployed, close to 26 Million are underemployed (National unemployment at or above 9% for 28 straight months, double that in the Black community.)

- Average gas prices have gone from $1.83 to $3.45.

- Federal debt has gone from $10.6 Trillion to over $15 Trillion, with three straight years of trillion-dollar-plus deficits (debt per person has gone from $34,000 to over $48,000)

- Food stamp recipients up by 41%, with 16% more Americans in poverty at 6.4 Million, the Misery Index is up 65%, and nearly 48.5% of Americans are on government aid.

- Home values are down 11%, and health insurance premiums are up 23% from $3,354 to over $4,000.

- United States global competitiveness is down from 1st to 5th in the world.

Yet with these abysmal statistics, all we hear from the big megaphone of the White House is we need to tax people, particularly certain people, more. We hear about extending payroll tax holidays which is nothing but a band-aid approach only providing a very short-term impetus. What no one is telling the American people, especially Seniors, is that the constant use of payroll tax breaks continues to erode the funding of Social Security – which is already running a deficit. When combined with the unemployment situation, we are speeding up the demise of Social Security in America.

If the solution is to extend unemployment benefits, then we are creating a situation where we must continue to borrow more money to fund initiatives, which will promote and exacerbate the destructive economic indicators.

We currently borrow 42 cents on every dollar… a dollar which soon, thanks to the insidious monetary policies emanating from the Federal Reserve, may not be the default currency of the world.

This is not leadership. It is policy by election cycle sound bite where the purpose is just to get reelected. Politicians are now preying on the uninformed electorate and are not developing visionary pro-growth economic policies for America. The obvious goal is to create more victims in America, an America of dependency - not individual independence.

West get's to the point again.