Feel free to check my math. I’m pretty sure I’ve got it right. Let’s start with the National Debt at $15,000,000,000,000 (Fifteen Trillion). We’ll compare that to the Democrat’s reducing this year’s deficit by $4,000,000,000 (Four Billion). If you drop the same number of zeroes in both you can comparitively reduce it down to $150,000 and $40.
Stay with me now, let’s say you owe Tony the local loanshark, $150,000. Would you dare hand him $40 and ask him to be patient and wait for the rest, maybe another $40 next month??? Crazy, right?
That’s exactly what they are doing and the Republicans who were all full of p*ss and vinegar in November last year are now acting like RINO’s, going along to get along.
I’d say Boehner and McConnell haven’t yet gotten the message. If not, there will be another tidal wave of change in 2012. Keep your galoshes handy.
China, Brazil, India, France, Argentina, United Arab Emirates, Kenya, Bangladesh. These are only a few of the 50 to 60 countries currently building nuclear energy reactors. How many are being built in the U.S.? ZERO! (more…)
These were the six words that sunk Bush the Elder. The main street media ganged up on him following the lead of the Clinton campaign that he could not be trusted. It was called just more Voodoo Reaganomics.
Well I seem to remember our savior Oblabber promised he would not raise taxes either. So how can he triple the debt in two years and not raise taxes??? He does it the way people who bought homes with no money and had no way to pay back the banks. You simply walk away from the debt and leave someone else holding the bag. Namely you and me and I’m not so sure about you.
What to do, what to do? It’s debt right? And we owe it to ourselves right? So why worry? Well the reason we should worry is at least twofold. We no longer owe it to ourselves, we owe it to the Chinese. Who will probably one day soon announce they no longer want to finance our profligate ways. And second, we are now paying $1.5 BILLION dollars in interest EVERY DAY! Yup we are told the debt is $500 billion when in reality it is now approaching $15 TRILLION (btw, thatt’s 15,000 BILLIONS) and only God in his all seeing wisdom knows what’s really on the books. Rest assured the $500B number is a cooked number which does not include “off the books” entries. Can anyone explain to me why $1.5B per day is not a TAX?
I compare Oh Mighty One’s predictions to be like the long range weather forecaster or even better those doomsday climatologists who predict the weather 20, 30 years from now. I can’t even trust them to tell me if it’ll rain tomorrow! Yet Oblabber recently produced this year’s budget and announced he was cutting the budget but that it would happen over the next ten years. There’s nothing more ridiculous than straight line predictions. There is a quadrillion things that could happen in the next ten days let alone the next ten years that most certainly would blow his rosy predictions to kingdom come. This administration could not see that the Middle East would fall apart in two weeks and that every half baked dictator would be thrown out of power. Worse yet, I wonder if anyone is working out the odds that the Muslim Brotherhood will replace those ousted leaders. If that happens we can all kiss our America bye bye. It’s been only one week and commodity prices are going through the roof. Do you think that was factored into Oblabber’s 10 year prediction? I doubt it.
The Unions are Coming! The Unions are Coming! Where were you Paul Revere in 1958 when this whole mess started.
What we are witnessing in Wisconsin is both enlightening and a harbinger of what may follow throughout the country.
The idea of Public Service Unions is so far to the left that even Franklin Roosevelt believed they should not exist. How did they come to be? (more…)
No one to my knowledge has explained to the general public of the LEFTIST persuasion the difference between Collective Bargaining in the private sector and public sector. Here goes, lefties, please read carefully, I’m going to type this as slowly as I can:
In the private sector, a union sits down with a privately held or corporate entity and somewhere in the middle they find a balance between fair wages and benefits for the employees measured against the company’s ability to pay the negotiated increase and still stay competitive with their competition and therefore stay in business. So as a result there is a weight on the scale that enlightened union negotiators realize is an unavoidable economic law, namely, we can ask for and get the moon but, (forgive the mixed metaphor) we will kill the goose that lays our golden eggs.
In Government vs. public employee unions, there is no such weight that brings moderation. Governments don’t have to make a profit to stay in business and if they make nice with the unions, in fact the opposite happens; it is in the form of a hidden bribe. The unspoken bribe goes like this, “Give us what we want, who cares, just raise taxes now or just pass the debt up to the next generation and we’ll send you money back in the form of political contributions so you can stay in office and when we meet again around the negotiating table next year, we can do this again, and again. Hell you probably will be a lobbyist when the bill finally comes due anyway.” As a result, in the past 20 years we’ve gone from the mentality that went like this, take a government job, it’ll pay less but the benefits will be better -to- take a government job, the pay will be better than taking the risk of a private sector job where you must continue to prove your worth and stay productive- and -the benefits for doing less work, not having to worry about being fired is that you’ll have medical and pensions benefits way superior to the private sector employee and the bennies will be free, till you die, no contribution from you is needed.
Nice work if you can get it.
Puerto Rico elected an new governor who took office in January 2009. Luis Fortuno is his name and he is a REPUBLICAN and a fiscal conservative. He was elected just as Puerto Rico, after a decade of reckless spending, was about to face bankruptcy and a credit downgrading by Wall Street to junk status. (more…)
What is going on in Egypt will go on throughout the world until we recognize and address the underlying cause of the discontent.
The death of Nasser and the assassination of Sadat not withstanding, it would not be too inaccurate to say that Egypt has been a stable government for the past 50 years. There are no torture rooms that we know of where private citizens are pulled off the street and tortured. Torture we may presume is reserved for serious threats to the regime. Mubarak has not been an evil dictator when compared to the likes of Stalin, Hitler, Mussolini or even Fidel. He has simply done what any politician does anywhere in the world. He has tried to obtain, maintain and retain power.
But why now? Why has the discontent boiled over? What triggered it?
It should be obvious to any serious follower of big trends that Egypt is the first big target for converting a secular state to the first huge Islamic state. You can rest assured that Saudi Arabia is focused on what’s going on in Egypt. This ‘popular revolution’ no doubt has had its roots in Iran, or Syria or Lebanon where the structure of The Muslim Brotherhood is firmly ensconced. The Muslim Brotherhood was born in Egypt and prospered there until its founder Sayyid Qutb was imprisoned and then released. Had they only known what a powerful force it was to become I dare say Qutb would have ‘disappeared’ and that might have been the end of that movement.
But instead his radical movement will return to Egypt with a vengeance long postponed, co-opt the ‘revolution’ and will likely overthrow the Mubarak regime which has (as all regimes that stay too long) become thoroughly corrupt and controlled by an unyielding bureaucracy that stifles economic growth. (more…)
About two years ago, before the last election, I was getting “Boycott Exxon” emails. So I drafted a form letter and only had to insert the name of the person to whom I was responding. I paid $3.50 a gallon today so the Boycott Exxon emails should be arriving any day now so I found and dusted off my reply…
Since then nothing has changed except maybe America is no longer taking oil from the Gulf. All I have to do is change the name, Paul, in this case, cut and paste it and send it back. Feel free to use it also…
Dear (insert name here):
This is baloney, ever hear of the law of supply and demand? When there’s more demand than there is supply, the price goes up until demand either comes down or supply goes up. It’s Economics 101. The law of supply & demand is as immutable as the law of gravity! (more…)
If you’ve started to wonder what the real costs of Obama’s creeping socialism are going to be – once his full program (a Value Added Tax will be proposed) goes into effect in the United States and hits your wallet, remember you read it here first in this post.
As you digest these mind-boggling figures, (see link at bottom) keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues! Like us, they are financing these social programs with more and more debt. As a result they are deeply buried in public debt of gargantuan proportions. It is what desperate people do when they pay off one credit card by charging their payment to another credit card.
Read more to see world debt broken down by country: