Yes! Sanity & Prudence. Two words never heard in Washington, DC. Too bad S&P did not use sanity & prudence when they were giving junk bonds Triple A ratings. But it’s never too late to learn your lesson.
As I wrote last week, the profligacy of this administration and this Congress, the President before this one and the Congresses before this one have brought us to the brink of bankruptcy. High flown rhetoric and Super-Committees cutting debt ten years hence can fool the people but they can’t fool the money lenders in the temple of finance.
Like every addict can only stand up and face reality when they can go no lower, this government, the last in a string of addictive spenders has now been given its last ‘fix’. As in real life, those addicts that don’t change, don’t stop, nature cruelly allows to die of an overdose. In this case, S&P is the intervention family leader. They are telling this addicted government that if you continue this we will punish you. You will pay higher interest for your debt because the market demands to be paid for higher risks. Economics 101.
Yet does Obama get the message? Does he sense the anger rolling across the nation as we see our hard earned savings and investments disappear as a result of the stock market’s loss of confidence? Does he care? Or does his Marxist philosophy trump the will of the people?Does he not understand that simply printing fiat currency lessens the value of every other dollar in circulation? Does he think he can inflate the currency to pay off the debt with cheaper money and no one will take notice? Yet he continues prattling on, reading speeches from a teleprompter pushing for more taxes., blaming everyone and every thing around him but himself. Typical addict behavior. Will it never end? Will he never stop and realize his socialist plan for America will not work here. It’s never worked anywhere. If it were to fail, it certainly would fail in America because, thank God, we are not Europe.
Americans are for the most part not soft brained liberals. Although the media is doing its damndest to make us pliant, non –critical thinking robots by constantly repeating demagogic politician’s class warfare statements. Since when is standing for sound financial principles a terrorist act? Since when is cutting off a an addict’s supply of his favorite drug, in this case, more debt, holding a gun to the head of the President. and holding the nation “hostage”. The left thrives on rhetoric and a bumper sticker slogan mentalty. I dare say if Obama could take all the wealth accumulated by the so called $250,000 and above “millionaires”, he’d blow through it in a month!
What would then be his next “plan” for America? Collectivist farms powered by solar panels and wind farms made by Jeffrey Immelt’s GE?
Democrats want to compromise! The car is going over the cliff and they want to compromise on the speed. The new congress was elected to stop the fiscal insanity. What is incomprehensible is that the Dems are still insisting that over spending is not the problem. They would have you think that nothing can be cut without filling the streets of America with starving children and old folks. “The rich have to pay their fair share.” ” I cannot guarantee that social security checks will go out if we don’t raise the debt limit” Is President Obama spouting this kind of nonsense not as much a violation of free speech as “yelling fire in a crowded movie theater” when there is no fire? He should be ashamed of himself. But, shame is not an emotion with which our fearless (feckless) leader is familiar. Republicans and Tea Partiers need to stand their ground. They, somehow, have to turn this car around in mid air, slow things down and get grounded again in sensible fiscal policy. Structural changes in our entitlement system must be made so that we can continue to grow and be strong. A balanced budget amendment would go a long way to getting us on the right road. This is a critical time. If Obama is elected to a second term, all is lost.
It so well expresses the current blizzard of rhetoric and dithering over raising the debt ceiling. After a disgraceful two years without the Congress putting forth a budget and burying our country in a mountain of unsustainable debt, now at the last few days of what was a predictable deadline, we find our elected representatives seeking compromise. Except that only one party is putting forth plans while the other party submits no plans but only criticizes the other party’s plans. The Democrats are obviously trying to play a game of ‘pin the tail on the donkey, except in this case it’s pin the tail on the elephant. “What, financial disaster, you’re it, your party caused it by YOUR intransigence!”
What will compromise bring? Another temporary ceiling only to be raised again in 3 or 6 months? Increased taxes which will only stifle job creation? Spending cuts promised to occur 10-20 years in the future with absolutely no structural guarantees that they will ever happen? Downgrading America’s credit rating on August 3rd? The rating agencies that allowed a mountain of delinquent mortgage debt which can never be repaid gives the USA a triple A rating?? We must remember they are the same agencies that gave top AAA ratings to bundled junk bonds called derivatives that almost took down our economic system. What other Treasuries will the Chinese buy? Greece’s? Portugal’s? Spain’s? Italy’s? Will the interest rate we will have to pay go up, sure, the market demands it. But that would be the market’s loud signal to lower our debt and to restore financial sanity to an insane process that creates money out of thin air and hopes that the piper will never demand payment.
The only solution is CUT, CAP and BALANCE. Any other ‘compromise” just postpones the inevitable, NATIONAL BANKRUPTCY. So our choice really is to cut entitlements, re-engineer the Social Security, Medicare and Medicaid systems towards financial solvency by including means testing, private pensions and a return to private insurance. Failing to do THAT grand bargain now will only guarantee the bankruptcy of those three entitlement programs and eventually take down the American system of capitalism. So our choice is to take less, wait longer or have nothing when those three systems take down America. The wolves are at the door waiting for America to do the wrong thing at the wrong time. The enemies of America and of what America represents, foreign and domestic, are hoping we find compromise because in that they see the future fall of America. Bold action is standing firm on the principle of lower debt, lower spending, re-engineering our entitlement programs and a Constitutional Amendment to require a balanced budget. The time to act boldly is now.
President Obama “cannot guarantee” that Social Security, veterans and disability checks will be issued if Congress cannot agree on a deal that would raise the government’s debt ceiling by August 2nd, he tells CBS News.
“I cannot guarantee that those checks go out on August 3rd if we haven’t resolved this issue because there may simply not be the money in the coffers to do it. These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out.” Obama said in an excerpt of the interview released by CBS.
Can someone please explain to me how the government that can create fiat money out of thin air to finance a stimulus bill, jobs created and saved bill, a cash for clunkers payment system, etc. cannot simply send out Social Security checks on August 3rd backed by the same thin air that backed up the creation of trillions of wasted dollars in the last three years?
Any takers out there?
Israel SolutionI read today that our fearless leader has come up with a great idea. The Palestine question has dogged politicians, mediators, chiefs of state since the inception of the state of Israel. What 50 years now?? Why not just issue an ultimatum to Israel that they have 30 days to accept this administration’s ‘plan’ to return to the 1967 borders or suffer the consequences including removing America’s protection of the Jewish state! What a genius! And this from a President who cannot or will not defend our own borders.
But there is an alternate solution which I think is brilliant. In one fell swoop we solve a myriad of problems now plaguing the Middle East. Illiteracy gone, 7th century Sharia laws regulating all human activity swept away, a renaissance of technology, hunger averted, the deserts blooming, women liberated, freedom to practice any religion you want encouraged, sexual preferences respected, the right to vote in a democratic state guaranteed. How is this possible you ask???
Click on -or- cut and paste this hotlink
I am offering this Inauguration Speech to the New President of the United States as a guide to what must be done by the new administration to get America Back on Track and Re-Affirm her role as a Leader for Good in the World.
PRESIDENTIAL INAUGRATION ADDRESS
January 20, 2013
My fellow Americans,
It gives me great pleasure and it is an honor to assume the position of President of the United States of America.
Our country has just gone through one of the most perilous periods in its history. Our economy, our freedoms and our way of life have come very close to being unalterably changed in ways that would change the character of American life forever.
But, the American people have spoken. They have elected the most conservative Congress in over 75 years. They have done this in an effort to stem the tide of gradual progressivism which would have removed from the world scene a country which has been a beacon of freedom, liberty and compassion for the rest of the world. A model for prosperity never seen before anywhere on earth.
The American system has provided more prosperity for more of its citizens than any other country in the history of the world. We should thank God that the time in history has come where we will be able to get America, and by example, the rest of the world back on the road to sanity and prosperity.
Here is my plan to get America back on the road to prosperity and regain the freedoms that have been diluted or lost. I will, today, declare, by Executive Order, that America will resume drilling in the Gulf of Mexico so that onerous gasoline prices can come down to more reasonable levels. This will happen almost immediately, as you will see.
Second, I am declaring a National Energy Emergency, and will take steps to fast track the building of not less than 20 nuclear powered electrical generating plants. Third, the Department of Energy will also be granting permits to drill for oil in Arctic National Wildlife Refuge (ANWR) in Alaska.
These three actions will create hundreds of thousands of jobs here in America for Americans, and quickly slash energy prices and free up our economy so that it can continue to grow and provide prosperity to millions of hard working Americans, who have, for too many years been laboring within a system favoring the transfer of jobs from the private sector to the government sector. This insidious way to socialize the American economy and grow government at the expense of private enterprise will be reversed resulting is an immediate surge in American employment.
With the help of the new Congress, we will take control of our borders and stem the tide of illegal immigrants coming to America.
For those who are here presently, we will identify who they are and begin the process of either putting them onto the road to citizenship or decide that they are a danger to our society and send them back to their own countries.
For too many years American has been hypocritical concerning illegal immigrants. We have allowed them practically free entry and then held deportation over their heads. Henceforth, homeland security will track expiration of temporary visas and find and deport those who overstay their welcome.
I am also, by Executive Order, declaring English the official language of America. It is unjust to allow people to come to our country and try to survive and prosper without knowing how to speak English. Not knowing how to speak English also discourages assimilation which results in the balkanization of America and a dilution of patriotism which is necessary for any great nation to remain great.
I am instructing my new Commissioner of Education to require every public school child learn English by using the Immersion method. Within 1 year every school child will know how to speak English.
The above will transform the energy crisis and the immigration crisis into energy and immigration assets rather than American problems.
We now need to address the issue of entitlements.
President George W. Bush, in his second State of the Union Address said, and I am paraphrasing, “I have tried to get the Congress to look at Social Security and consider some reforms, but was unable to get anything done.” Many members of congress, at that point, stood up and applauded.
That was unfortunate because now we are in a considerably worse state. The need for reform is urgent, but fortunately, still possible. My administration will begin the work, hopefully with cooperation from across the aisle, of making Social Security self-sustaining and viable in the long term so that Americans can count on the support they deserve after many years of productive service. It can no longer remain a Ponzi scheme subject to government raids which has been the case in the past.
Medicare and Medicaid require massive changes in order to provide for the needs of America’s poor, sick and elderly. ObamaCare is on its deathbed after a premature birth and that is all to the good.
We will re-introduce the free market to health care. Health providers will have to face competition between the states and within the states. People should know what their prescriptions cost will be. What professional fees will be. Everyone should pay something. If a valuable commodity is free, there will never be enough of it. We are a compassionate people. We will help all of our citizens who need help. How we implement health care is crucial. But, we must do it in a way that discourages waste and abuse so that there is enough health care to go around. We can do this without breaking the bank.
In Addition, my administration will begin to tackle the issues of Tort Reform, Public Sector Unions ,the Public Education Monopoly, Tax Policy, State’s Rights and the EPA. But, for now, let’s party. It’s a New Day in America!!!
Osama bin Laden has gone to the great bordello in the sky that awaits every good jihadi.
Barack Obama explained that the jihadist mastermind was killed in a “targeted operation: at Abbottabad, Pakistan: “A small team of Americans carried out the operation. After a firefight, they killed Osama bin Laden and took custody of his body.”
Obama also said that the killing of bin Laden was the “most significant achievement to date” in America’s war against al-Qaeda.
. Osama bin Laden was wildly popular in the Islamic world. In the wake of the 9/11 attacks Osama t-shirts, hats, and even dolls and action figures sold briskly in many Muslim countries, belying the mainstream media myth that 9/11 was the action of a tiny minority of extremists that had twisted and hijacked Islam, and were duly despised by the vast majority of Muslims. Polls all over the Islamic world always showed a healthy amount of support for bin Laden and, above all, respect for him as a pious mujahid.
But in reality, while the death of bin Laden is fine news, and is certainly a psychological blow to the jihadis and a confidence-booster for Americans, it really won’t change anything.
The role of al-Qaeda in the global jihad, and the role of Osama bin Laden in al-Qaeda, have both been wildly overstated. Al-Qaeda is not the only Islamic jihad group or Islamic supremacist group operating today, and Osama bin Laden was not some charismatic leader whose movement will collapse without him. The exaggeration of his role, in fact, was a result of the general unwillingness to face the reality that the global jihad is a movement driven by an ideology, not an outsized personality, and that that ideology is rooted in Islam.
Barack Obama epitomized that unwillingness in his address announcing the death of bin Laden. “The US is not – and never will be – at war with Islam,” Obama declared. “Bin Laden was not a Muslim leader. He was a mass murderer of Muslims.” Osama bin Laden himself would have been surprised to be characterized (and by a leader who is probably not a Muslim himself) as “not a Muslim leader.” After all, in his 2002 letter to the American people explaining his motives and goals, he wrote: “The first thing that we are calling you to is Islam.”
Bin Laden explained in this letter to Americans that “it is to this religion that we call you; the seal of all the previous religions….It is the religion of showing kindness to others, establishing justice between them, granting them their rights, and defending the oppressed and the persecuted….It is the religion of Jihad in the way of Allah so that Allah’s Word and religion reign Supreme.”
This perspective on Islam wasn’t just bin Laden’s. Millions of Muslims worldwide share it, and that won’t end with the death of Osama. The US is not – and never will be – at war with Islam, as Obama says, but significant elements of Islam are – and always will be – at war with the U.S. Nothing that happened during that firefight in Abbottabad will change that, and Obama’s continued focus on al-Qaeda as if it were a singular and eccentric group of non-Muslim Muslims that is the cause of all our troubles only perpetuates the unreality that has already led to so many disastrous policy errors.
Until Barack Obama and other Western leaders face the fact that Osama bin Laden was operating within the broad mainstream of Islamic teaching, they will be constantly puzzled by the advent of new bin Ladens, and new al-Qaedas, all over the globe. How is it that all these disparate individuals and groups misunderstand Islam in all the same way? Until U.S. officials can answer that question correctly, we will have made no headway, no matter how many al-Qaeda masterminds we corner and kill in Pakistan.
So Osama bin Laden, after years of silence punctuated by mysterious gnomic utterances delivered (how? by whom?) to the media, finally joins Generalissimo Franco in the ranks of the still dead. It is good news as far as it goes, which is not really all that far. I have hoisted a suitably haram beverage in toast of the happy news. And then it was back to work. The jihad will go on, and so will I, and so, I hope, will you.
Obama continues to relegate the United States to second class citizenship in the world of nations. The time for this president to leave office cannot come soon enough.
“My fellow Americans, in my never tiring quest to advance social justice all over the world, you now know that I took upon myself the authority to use our military forces to put in place in Libya a “NO FLY ZONE”. After seeing hundreds of photos during my lifetime of little starving children in Africa with flies flying around and landing on their little tiny faces, I came to the realization after reading the WAR POWERS ACT that I could impose a NO FLY ZONE in Libya.
So my fellow Americans I took immediate action. Look here for a picture of happy children in Libya taken 3 days after the NO FLY ZONE was imposed. It’s miraculous, not one house fly is anywhere to be seen.”
Biting the bullet – cutting expenses. I HOPE YOU WILL PARTICIPATE AND DO YOUR PART.
The President ordered the cabinet to cut $100 million from the $3.5 trillion federal budget.I’m so impressed by this sacrifice that I have decided to do the same thing with my personal budget expenses, medicine, utilities, etc, but it’s time to get out the budget cutting axe, go through my expenses, and cut back.
I’m going to cut my spending at exactly the same ratio, 1/35,000 of my total budget. After doing the math, it looks like instead of spending $2000 a month; I’m going to have to cut that number by six cents. Yes, I’m going to have to get by with $1999.94, but that’s what sacrifice is all about. I’ll just have to do without some things, that are, frankly, luxuries.
(Did the president actually think no one would do the math?)