[Note: The graphic above is a bit hard to read. If you left click your mouse anywhere on the charts, it will enlarge. Be sure to use the “back button” on your browser to return to “WHATEVER!”, as the enlarged grahpic does not open in a new window. Or at least it did not on my computer.]
The story that is told above pretty much speaks for itself. Important to note that all of the spending depicted in the pie chart to the right has been inflation adjusted to today’s dollar.
Even if, for the sake of argument, you could rationalize that intentions are good in Washington, and that would to some degree be unsupported by history, the level of spending that is being proposed for the myriad of bailouts that we already know about is staggering. And every few days someone floats another industry or large company, and now, entire STATES, that are lining up for money from OUR pockets and those of our children and their children.
I suggest that people stop focusing on matters that are purely symbolic, like getting all incensed by auto industry CEO’s flying in private jets to meet with Congress, (who this week were “shamed” into driving in hybrid cars to Washington D.C.) and instead contact their representatives and senators and insist that enough is enough. And perhaps a greater priority should be planning for how they are going to survive financially in the coming meltdown. Whether that happens this year, or next, or the year after that, I suspect it is inevitable, as that is simply what markets do from time to time, particularly when so many artificial supports have been used to prop them up for so long a time.
And a priority superseding all of that, pray for wisdom and peace to meet the troubled times ahead.
“Peace I leave with you; my peace I give to you. Not at the world gives do I give to you. Let not your hearts be troubled, neither let them be afraid.” John 14: 27 (Jesus promising the indwelling Holy Spirit)
“I have said these things to you, that in me you may have peace. In the world you will have tribulation. But take heart; I have overcome the world.” John 16: 33.
HT: Matt Peters for the graphs