Obama Approval Rating Falls To All Time Low

What should come as no surprise, President Obama's approval rating has fallen to a new all time low. The recent slippage has come as the United States is faced with a decision to raise the debt ceiling limit.

Since taking office in 2009, Obama's job approval rating has pretty much downtrended, with occassional spikes and deterioration. As of July 29, 2011, Obama presently has a 40% job approval rating.

With a deadline looming on August 2nd, just four days away, tonight the House passed the Boehner bill but didn't get by the House. Thus, the talks drag on.

Failure to pass legislation would result in further weakening in the US dollar which over the past 35 years has not fared well:

There is also severe consequences to programs such as welfare, education, defense, social security, medicare and medicaid. Salary paychecks to government employees would also be at risk.

CUT. GOVERNMENT. SPENDING.

It doesn't take rocket science to figure out that Uncle Sam is overspending. For that is one take. Why are we as a country letting him do so? Isn't it time that government be held accountable for its own mess? Asking it's citizens to bailout its own failure is ridiculous. It puts the ball in the wrong court and the general public at unrest.

Or could it be that we Americans are asking way too much of our government. That we letting a much larger entity to make the decisions for us that causes lifelong prosperity and struggle. Perhaps it is up to each individual to enpower themselves so that we rely less on government to solve our communal problems.

The Gang of Six wants to increase taxes to cut the deficit. Recall several years ago that the US bailed out large corporations and banks "too big to fail" while they handsomely took on large bonuses on the heels of the American public. Now, the US government itself is faced with it's own $14 trillion dollar deficit and it continues to soar.

No, the debt ceiling shouldn't be raised. It should be lowered. Government in concert with the public, needs to pare down our wants and needs by sacrificing programs that aren't necessary. Trimming government waste starts just as much with you recognizing this important factor.

But in lieu of the situation, one course is to "default" by having the US government sell assets to satisfy their creditors. Maybe finally, Uncle Sam and the public will get a slap on the wrist and learn to keep it hand out of the cookie jar destroying this country. I'm sorry if this affects many people today. I truly am. But there comes a time that we as a nation need to stop inflating our own debt bubble before catastrophic damage is done in generations ahead.

The smart and the rich of this country are protecting themselves against dollar deflation and turning their greenbacks into physical gold - the only worldly acceptable form of real currency.

PRINT MORE FIAT

And how about this idea. Just get the Fed to print $14 trillion in good 'ole US fiat and place it in the Treasury. The problem goes away (p.s.don't tell the Chinese). Just like by miracle we saved the too big to fail corporations and banks who got us in this mess in the first place.

About Kerry Kobashi

Kerry is the founder of KerryOnWorld. He lives in Silicon Valley and has worked as an engineer and project manager. He owns Kobashi Computing a consulting company.