Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Monday, August 8, 2011

America Has Entered A Pre-Revolutionary State

Majority No Longer Recognize Government As "Legitimate"

A new Rasmussen poll shows that just 17 percent of Americans believe that the U.S. government has the consent of the governed, an all time low.   Congress itself, is at a paltry 6 percent  and nearly half (46%) of all American's believe Congress itself is corrupt, with less than one-third (29%) believing differently.

A new Rasmussen poll also incidates that 77% of those surveyed say the Government no longer has their concent - a foundational principle contained in the Declaration of Independence. 

"The poll was conducted before Friday’s U.S. debt downgrade, indicating that the figures could be even more dire in the aftermath of what some analysts believe is a precursor to a new great depression."

Great Depression?  Looks to me like we're on the verge of a good old fashioned revolution.




Sunday, July 31, 2011

Republicans Cave

Boehner Snatches Defeat From Jaws of Victory

NBC News is reporting this morning that Congress is "very close" to a deal that will raise the debt limit 2.8 TRILLION dollars over the next two years.

The deal will allegedly require $1 TRILLION in cuts over the next two years, with another 1.8 TRILLION dollars in cuts to be "recommended" by a joint Congressional "Committee."

The "Committee" would be "required" to recommend cuts by this November, and should this committee fail to agree, cuts in Defense and Medicare would be automatic and decimate both programs.

Who'd get the blame for these cuts?  Why the Republican's of course, who the Democrats are already blaming for "wanting to kill our Senior citizens."  Cutting the Military budget is the liberal Democrats dream, if they had their way they'd gut our Defense capabilities to zero.

Additionally, this deal is designed to avoid any further discussion on the Debt and Deficit until after the 2012 elections, and gives Obama everything he asked for.

Once again, the Republican Party is snatching defeat from the jaws of victory, and is subsequently handing Obama the 2012 election by taking his debt-laden spending spree of $5.7 TRILLION DOLLARS since taking office, off the table.

Way to go, Boehner.  Kick the ball down the road and let future generations deal with this mess, now that's leadership alright.

Tuesday, August 24, 2010

Obama vs. Public Opinion

From TownHall.Com, Posted August 24th, 2010

Our Pick For Best of the Web Today

Obama vs. Public Opinion
Phyllis Schlafly

Americans are being treated to welcome entertainment during the dog days of summer as we watch the Democrats wring their hands over Barack Obama's tone deafness about political reality. Their despair about Obama is so painful that they are even calling on George W. Bush to come back and rescue Obama from his own mistakes.

The Democrats are reluctant to admit the truth that Obama is not a smart politician (like Bill Clinton, for example). Obama is a radical ideologue determined to "transform" America into the socialist mold, regardless of voter retaliation against Democratic candidates.

Let's tick off the issues where Obama staked out his lonely position at the same time public opinion polls showed that the majority of Americans lined up on the other side. Obama's determination to achieve "change" doesn't include obeying the wishes of We The People.

Take Obamacare, for example. Ramming it through Congress, overriding regular legislative procedure and the opposition of the American public, he deluded himself into believing that once it became the law of the land, the people would dutifully support it.

But they didn't. Even after passage, the Rasmussen survey reports this month that 66 percent favor repeal of the Health Control Law, and 50 percent say repeal will benefit the economy.

On Aug. 3, 71 percent of voters in Missouri, the bellwether state, approved a referendum to invalidate any Obamacare mandate to force individuals to buy health insurance. The same week, a federal judge ruled that Virginia may proceed with its lawsuit to overturn Obamacare's mandate on individuals to buy insurance.

The Democrats had hoped they could postpone Obama's commitment to Hispanic voters until after the 2010 elections by tucking the contentious immigration issue under the rug this year. But then Obama brought the immigration issue front and center by filing suit against the Arizona law.

A CBS poll shows that 57 percent of Americans think Arizona's law is "about right," and a Rasmussen poll found that 65 percent of Arizonans support the law. A Zogby poll found that 58 percent of Americans nationwide want their own state to adopt a law similar to Arizona's.

Then there's the matter of building the mosque on the ground near the 9/11 attack on New York City. Obama supports it, even though 61 percent of Americans are against it.

The mosque raises another festering issue. The Pew Research Center reports that 18 percent (one in five Americans) think Obama is a Muslim, and Time magazine puts that figure at 24 percent. The number of people who think Obama is a Christian is in a free fall, and 43 percent don't know his religion.

Rush Limbaugh reminded us of Obama's statement quoted in The New York Times that the Muslim call to prayer is "one of the prettiest sounds on Earth" and that he recited it with a first-rate Arabic accent. The translation of the prayer call is "Allah is supreme. Allah is supreme. Allah is supreme. I witness that there is no god but Allah."

Obama chose the most leftwing Supreme Court justice in history, Elena Kagan. He ignored the Gallup poll showing that 42 percent of Americans wanted a new Supreme Court justice who would move the court in the conservative direction, while only 27 percent wanted it to move more liberal.

Obama is even pressing for Card Check, one of his many payoffs to the unions, even though 61 percent of Americans oppose this, according to Voter Consumer Research. Card Check would make it easier for unions to organize workplaces by getting rid of the secret ballot.

Obama is still pushing Cap and Trade, which the voters have dubbed Cap and Tax because it will make electricity and all kinds of energy cost every American thousands of dollars a year. CNN reports that 51 percent of Americans oppose it, and Democratic congressional incumbents who voted for it in the House last year are finding it a big negative in their 2010 campaigns.

Obama is still unwilling to face up to the American people's opposition to his economic policies of big spending, higher deficits, staggering debt and redistribution of wealth. According to a Rasmussen survey, less than one in five voters is willing to pay more taxes to lower the federal deficit because they believe we are already overtaxed.

More than 8 in 10 Americans believe the deficit is the result of overspending, not a lack of tax revenue.  And 58 percent believe that if Obama and Congress raise taxes to reduce the deficit, they will just spend the money on new government programs.

When Gallup asked Americans to name the greatest threat facing our country, the national debt tied with terrorism as the top choice. No wonder Zogby reports that 52 percent of Americans say Obama's change has made the country worse.

Editor: No wonder we can't wait for November 2nd!




Wednesday, January 27, 2010

The State Of Obamunism

Economy Falling Apart, Obama Calls For End to “Don’t Ask Don’t Tell”

Talk about being out of touch with the pain that many American’s are going through in this, the worst recession since the Great Depression.  Hell, we may as well call it Depression II.

Obama will say anything to the American people, but don’t let yourselves be fooled.



When Obama says he will "freeze" spending during the State of the Union, he's "freezing" spending at 2009 levels which means we will continue to have massive social spending as far as the eye can see, as long as this bozo occupies the White House.

The total amount of money "frozen" amounts to less than one half of one percent of our NATIONAL DEBT over the next TWENTY YEARS.  Obama himself has added 4 TRILLION of that debt himself in his first year as President.

Freeze spending?  Not exactly.  Locked in Socialism and massive Federal Spending is more like it. 
 
Every time Obama says he’ll “freeze spending” he’s calling you and I stupid because he thinks we’ll fall for his ruse.  A real freeze in spending would be to roll back Congressional spending to pre 2007 levels, before the Democrats took over Congress and EXPLODED the Federal Deficit by 1.5 TRILLION DOLLARS in 2009 and 1.7 TRILLION DOLLARS in 2010.
 
That would be a real freeze in spending.
 
Obama and the Democrats think you’re stupid by freezing the equivalent of 1 half of one percent of our National Debt over the next Twenty years.
 
Don’t fall for it, especially those of you who voted for this ass-clown in the first place.  You know what they say … fool me once, shame on you.  Fool me twice, shame on me.


This is why Obama's new name is "LIAR LIAR!"

Saturday, December 5, 2009

GDP vs. National Debt – The Raw Truth

Our Economy Is On A Road To Nowhere

Credit: Natural Born Conservative Blog

I read an analysis early this morning which made the claim that our GDP had to grow at a minimum of 3.5% a year over the next 10 years just to equal the National Debt.  By 2019, the Debt would be equivalent to a year’s GDP.

At first the claim sounded suspicious, but after reading the analysis, checking the sources (and doing the math myself) it appears that the claims made by Larry Walker Jr. on his blog “Natural Born Conservative” are 100% correct.

Given our economy has just undergone a major contraction in which 8.5 million jobs have been lost and is currently declining at a rate of about 1.25% a year, the likelihood that National Debt as a percentage of GDP will actually exceed 100% of GDP.

What does this mean?  It means that to service the interest on our debt alone, taxes will have to skyrocket. (I’m still working on that calculation myself based on the “average” income of the top 50% and lower 50% of all Americans.)

Excerpt:

GDP must grow from $14,198.5 to $19,224.3 billion in order to equal the National Debt by 2019. In other words, GDP must increase by $5,025.8 over the ten year period. This represents an increase of 35.4% for the period. That means that GDP must grow at a rate of 3.54% per year in order to equal our National Debt by 2019.

imageWe encourage you to give Natural Born Conservative Blog a click to read the entire article, then learn how to hide your income and cash from the Federal Government.

Sources:

GAO FINANCIAL AUDIT Bureau of the Public Debt’s Fiscal Years 2007 – 2008
http://www.treasurydirect.gov/govt/reports/pd/feddebt/feddebt_ann2008.pdf

CBO Budget Projections through 2019
http://cbo.gov/ftpdocs/105xx/doc10521/budgetprojections.xls

US Treasury National Debt
http://www.treasurydirect.gov/NP/NPGateway

 

Small Business Owner Confidence Plunges

Threats of Higher Taxes, Government Intervention, Wealth Confiscation Dim View of Economy

Credit: Mish’s Global Economic Trend Analysis

Although the Fed and most economic forecasters are all looking ahead to the recovery, small business owners do not see convinced.

Economic confidence among America's small business owners plummeted in November, as more owners cited serious concerns about cash flow and saw economic conditions for their own businesses getting worse.

  • 52 percent of owners say they have experienced cash flow issues in the past 90 days, up from 44 percent in October. ...
  • 53 percent of small business owners see conditions getting worse in the next six months, up from 43 percent in October...
  • 62 percent of small business owners rate the economy as poor, an increase from 55 percent in October...
  • 53 percent of small business owners think the overall economy is getting worse.

A majority of small business owners think the economy is getting worse, not better. And if small businesses are not confident, then they are not hiring.

Friday, December 4, 2009

Obama Blames Small Business For Lack of Jobs

Summit Exposes Lack of Business, Economics Experience

Barack Hussein Obama has never held a job in the private sector, so is it any wonder that yesterday Obama blamed small business owners for “protecting their profits” as one of the primary reasons the unemployment rate is so high?obamaclown

This gem was followed by yet another “brilliant” statement that the Government "”cannot spend its way out of recession.”

Almost $2,000,000,000,000 dollars later, reality sets in that the Government doesn’t create jobs, business’ do.  We all know that Small Businesses are the economic engine of this country, yet Obama continues to “bash and tax” them into oblivion whilst simultaneously blaming them for lack of job creation.

As someone who’s started two small businesses, I can speak authoritatively on this issue in saying “of course they protect their profits, for without those profits small business would not be able to employ anyone in the first place, much less be the economic engine of this country.”  Profits drive growth which drives economic expansion and job creation.  It really is that simple, Obama must’ve been all ‘wee-wee’d up” during Economics 101.

The fact is also that laying off employees is typically the last thing most companies want to do.  The cost of recruiting, interviewing, hiring, training new employees and making them productive within a company are so exorbitant they often take two years or more to recover. 

So are small businesses reluctant to hire in this economic climate?  You bet they are, and for good reason: We’ve had two years worth of Obama bashing small businesses (one year as a “Candidate”) threatening to increase their taxes and “spread the wealth around.”

It doesn’t take an economic genius to know that this bozo’s economic policies are ruining this country, driving us further and further into debt and eventually the bills are going to come due via higher inflation and a further erosion of the dollar’s purchasing power.

Ronald Wilson Reagan had it exactly right when he said during his first inaugural address: “In this present crisis, government is not the solution to our problem; government is the problem.”
True then, true now.


Why Is Janet Napolitano Warning Al-Qaeda in America?


Credit: NewsMax.com
Homeland Security Secretary Janet Napolitano warned that al-Qaida followers are inside the U.S. and pose the threat of terrorist attacks on Americans.
“The fact is that home-based terrorism is here,” she said in an address to the American-Israel Friendship League in New York on Wednesday night.
I wondered why this “warning” had been issued, then I read several stories about a new muslim terrorist hijacking dry-run that occurred on November 27th on AirTran Flight 297 between Houston and Atlanta that at first sounded very suspicioius, but has since been confirmed by several people who were on the flight, one an employee of NASA named Tedd Petruna.

So my question here is, why is Janet Napolitano “warning” Al-Qaeda in America and not finding and killing the bastards instead?  Where is our national security?  Why are muslims even allowed in America at this point?

Obama’s dithering and mixed signals in winning the war on terror no doubt means we’re going to fighting Al-Qaeda here on our own soil soon vis a vis more 9-11 style attacks. Clearly this “President” doesn’t want to win and our enemies know it.

“Warning” them?  Let’s find ‘em, kill ‘em, wrap their dead bodies in pig skin and drop them off via airmail back home where they belong.

This political correctness bullshit is going to get us all killed.

Related Links:
Canada Free Press: Security Incident Aboard AirTran Flight 297 Suggests Terror “Dry Run”
Dallas Morning News: Language Misunderstanding or Terrorist Dry Run?


When Left-Wing Marxists Turn On Each Other

Obama’s Good Friend William Ayers Turns On Him

I’m always heartened when left-wing marxists who want to destroy America turn on each other.
Video is from Daley Plaza in downtown Chicago.  Watch as William Ayers turns on his good friend Barack Hussein Obama over the “troop surge” in Afghanistan.

I wonder if Ayers is going to hold fundraisers for Obama in 2012 after this.  Ayers by the way was the first prominent left-wing liberal marxist in Chicago to host a fundraiser for Obama when he began his U.S. Senate run in 2006. 

Ayers is also widely suspected as being the shadow writer of Obama’s “Dreams of my Father” due to the hundreds of similarities between Obama’s and Ayers’ “writing styles.”

It’s always fun to watch when the left-wing marxist wingnuts turn on each other isn’t it?

Obama best have the Secret Service check his mail for letter bombs after this.