Online Exclusive: Dr. Ed Holliday: The Leviathan National Debt Vs. The Tea Party

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The Leviathan National Debt Vs. The Tea Party
By: Dr Ed “Doc” Holliday

Just like a game of chicken from a James Dean movie in the 1950’s, the tea party movement is racing headstrong into the oncoming leviathan called the national debt ceiling. Liberal Democrat U.S. Representative Barney Frank said that he is not going to help the new majority party in the house, the Republicans, by voting to raise the debt ceiling. He said it’s the Republicans responsibility now. Is this the tea party’s dream— liberals helping the tea party by saying in so many words, “Hell, no!” to raising the debt limit for the federal government?

Coming approximately in March, the mammoth federal debt limit of 14.3 trillion dollars will be reached. Without raising the debt limit the federal government could come to a screeching halt. As a tea party speaker and the host of “Doc Holliday’s Tea Party” radio show there is certainly a part of me deep down inside that says, “Bring it on, baby!” But just like playing chicken in a James Dean movie we have to recognize essentially what the tea party movement is all about. We say that we are patriots—and we are. We say that we want to pass the freedoms and liberties that have been bestowed on us to our children. And we do. We say that like the Old Testament story of Esau foolishly selling his birthright to his brother, Jacob, for soup when he was hungry is why as Americans today we must not sell our birthright to live free for socialism. So how are we going to pass these freedoms down to our children and grandchildren if America’s financial heart is so sick that we can never be the robust economy that we once were in the world economy?

These are sobering questions to answer. And similar to a game of chicken, we have this oncoming financial leviathan racing toward us. For those of you who do not know, the American dollar is now the world’s reserve currency. This position of the American dollar in the world’s financial markets is why as much as Saddam Hussein hated America he and his sons kept millions of American dollars. The same is true of both good and evil people across the globe. You can do business with the American dollar because it is recognized as being backed by the full faith and credit of the United States. American citizens from all political spectrums like to bemoan our government, but compared to other governments, the U.S. is stable and dependable to pay its obligations in the financial world. We also have to recognize that there are governments and financial tyrants across this globe now doing all things within their financial powers to rip from America’s grasp that coveted position of being the world’s reserve currency. Why? Because with that recognition America has the ability to do more, borrow more, and create financial maneuvers that other countries cannot do. Just ask the head of the Federal Reserve Bank, Ben Bernanke. Our position as the world’s reserve currency is a part of the American exceptionalism that the tea party wants to pass to the next generation.

Any tea partier just as any citizen can stand near any main road in any decent size American city right after dawn and hear the sound of America’s financial heart beating. Just like a person’s heartbeat, you can hear the American economy as people travel to work. Cars, trucks, buses, trains, and other forms of transportation move people to where they need to be to do their work to make other people’s lives better. The only way a person can legally make money in a capitalistic society is to provide someone with a service or a product that they need or want. Paychecks are like food to the stomach. The modes of transportation are like the body’s circulatory system and each individual is like the red blood cell delivering oxygen throughout the body. When the economy hurts, people hurt.

When government like a person puts on pounds of obese layers by spending uncontrollably, we know America’s economic heart is strained. And when Congress has to borrow more money to spend on projects that we cannot afford it is the equivalent to smoking packs of cigarettes at a time. Looking at the American debt I can tell you that the old images of Uncle Sam thin and trim are no longer correct. Uncle Sam looks like a sick Santa Clause too tired to move and blue in the face because of poor circulation. Our government could be symbolized by a couch potato smoking ten packs of cigarettes a day.

As sick as America is in financial debt, I can tell you that the tea party is committed to bring America back to financial health. Protecting the full faith and credit of the United States and our position as the world’s reserve currency is paramount to keeping America the world’s number one economy. Tea party patriots must do what it takes to ensure our financial future. That means we must demand changes in the way Congress budgets money. In other words it is time for our couch potato Congress to take a hike. Lose weight by reducing and eliminating federal programs. Stop smoking financial toxins like earmarks and automatic department increases.

If we must raise the debt limit to keep our position as the world’s reserve currency and full faith in the United States obligations, then we must force our couch potato Congress to start the equivalent of exercising and eating healthy. As the tea party movement we must do no less and we must prepare our lives to live in such a way that in the coming next election cycles we can place even more lawmakers into office who will skillfully begin to eliminate our leviathan national debt. And in the future let us pray that we will no longer have to keep playing this game of chicken every few months, because the stakes are too high if failure strikes.

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