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Posts tagged ‘debt’

Give Me More! Biden Team Pushes For MORE Stimulus Spending Despite Signs Economy is Stabilizing


Posted by Trish ReganTrish Regan | February 19, 2021

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Treasury Secretary Janet Yellen appeared on CNBC Thursday afternoon to push for more stimulus spending saying that, “a big package” is necessary to help the economy recover and that, “the price of doing too little is much higher than the price of doing something big.”

Apparently, the Treasury Secretary is not familiar with the Fall of the Roman Empire (or, she is, but is deliberately choosing to ignore.) It was Rome’s debt crisis that led the fall of the Roman Republic and it’s not inconceivable that the history could repeat itself in modern day America.

Biden Administration Tries to Make Its Case

The reality is: $1.9 Trillion is a lot of money. Especially on the heels of the multiple trillions already spent. But, the Biden administration has its script and it’s sticking to it. “Give me more!” is the mandate.

Kamala Harris went on the Today Show Wednesday to plead for stimulus to open the schools (interestingly, of the $128 billion being demanded for education, only $6 billion is allocated for the opening of schools in 2021 – the rest is spread out over the next seven years.)

And, President Joe Biden keeps talking his “book” — by highlighting every negative in the economy in an effort to create more pressure for stimulus spending. Though the economy added jobs last month, Biden tells us, “at this rate it will take ten years to return to full unemployment.”

Meanwhile, the Federal Reserve is signaling its willingness to continue printing money with Fed Chairman Jerome Powell telling the Economic Club of New York last week that although he is seeing some signs of inflation, it’s just a “transient thing that we think will pass.”

I wouldn’t count on that.

Debt & Inflation Caused Roman Empire to Implode

Again, I return to the biggest causes of the fall of Rome: massive debt, rampant inflation, over-taxation, too many freebies, feudalism, and an enormous trade deficit with Iran (rather like China today.)

Consider the similarities: We have massive debt, high taxation, too many freebies, major trade deficits, a kind of feudalism (a system that benefits the wealthiest Americans seemingly at the expense of the middle class) and we are soon to be looking at rampant inflation. How could we not? Last year alone, in 2020, we raised the money supply 24% — the biggest surge in the 150 years that we’ve been tracking our currency.

All this spending has consequences. Sadly, our politicians are too selfish to recognize any long-term economic issues. It’s always about the next election and they’ll spend as much money as it takes to get ahead in the polls. But, as Mark Twain said,

“history doesn’t repeat itself, but it often rhymes.”

Let’s not let the United States of America go the way of the Roman Empire.

Perspective: Trump scored big, using a conventional speech to kick off an unconventional presidency


Donald Trump in Mesa, AZ / Gage Skidmore | Flickr

State of the Union Addresses are usually full of carefully-crafted platitudes presenting the president’s agenda in a unifying tone from a position of strength. Typically, no new ground is plowed at these events. In recent years, they have fallen flat for presidents of both parties. But given that Trump is such an unconventional president, a conventional policy speech — carefully crafted with a serious but upbeat tone — is exactly what he needed in order to recover his stalled momentum.

In many ways this was the best speech he has given to date. In fact, it was a perfect presentation of his agenda. To be clear, not all of his agenda is conservative, but that is already baked into the cake. Amidst a month of endless muddled messaging, ramblings about the media, Republican infighting, and competing factions within his own administration, last night was his only opportunity to take his message directly to the American people. It was also a time to move beyond campaign rhetoric and embrace the reality of his party controlling all of government and the need for a forward-looking message.

Here are my quick observations on the policy aspects of the speech, divided into what conservatives should consider good and bad..

THE GOOD

1. Immigration:

Coming into the speech, rumors were swirling in the media that Trump would embrace some sort of amnesty. Not only did that not occur, but Trump reclaimed the term “immigration reform” and used it to describe what the word truly means: finally restoring our immigration system to its historical values before Ted Kennedy destroyed it. That means only admitting immigrants who love our values, do not become a public charge, and do not threaten our way of life. It also means implementing a sane legal immigration system that is not based on chain migration. He put Democrats on defense so that they will have to explain why they oppose merit-based immigration.. For those of us who’ve worked on this issue for years, this speech was just what the doctor ordered.

2. Refugees:

Trump spoke to the morality, not just the legality, of his immigration moratorium, which we called on him to do earlier this week. As Trump said,

“It is not compassionate, but reckless, to allow uncontrolled entry from places where proper vetting cannot occur. Those given the high honor of admission to the United States should support this country and love its people and its values.” He also charted a completely new path on the entire premise and goal of refugee policy: “The only long-term solution for these humanitarian disasters is to create the conditions where displaced persons can safely return home and begin the long process of rebuilding.”

3. Obamacare:

Earlier today, I laid down the gauntlet for Trump to finally speak directly to the problems of Obamacare. I argued he needed to call for full repeal and hold Democrats accountable for creating this disaster but then blocking its solution. Trump did not disappoint in the macro-messaging. The guiding principles he laid out on health care were sound. He actually touched on the central point missed by GOP congressional leadership — that we should focus on lowering costs rather than expanding coverage as an end to itself, saying: “The way to make health insurance available to everyone is to lower the cost of health insurance, and that is what we will do.” Unfortunately, he contradicted that messaging by hinting at a pre-existing condition mandate and refundable tax credits — two elements of the establishment plan that will actually keep prices high. Nonetheless, the overall plan was as good as we can hope for from any Republican at this moment and needs to be bolstered by allies in the administration.complete-message

4. Foreign policy:

Although the details were a little sparse for a speech this long, he made it clear that the era of nation building is over. “My job is not to represent the world. My job is to represent the United States of America,” said Trump in a very effective punchline. At the same time, President Trump spoke to defending American security without apologizing and waging an unflinching war against radical Islamic terror. And thank God, as this is the first time in years a president has mentioned our alliance with Israel without pushing the odious “two state solution.”

5. Drugs and crime:

Although crime is a policy mainly dealt with on a state level, I’m glad Trump used his “job” as ‘citizen in chief’ to address rising crime rates. This is one area of Trumpism that is actually more in line with traditional conservatism, even though it deviates from the current dogma among “right-leaning” policy elites. The same is true for the drug epidemic. He let the liberal open borders crowd own the disaster that is taking place in our communities thanks to drugs pouring over the border.

THE BAD

1. No mention of life and religious liberty:

While we’ve come to expect social conservatism to take a back seat, it’s a shame that these issues didn’t even receive the traditional obligatory mention, especially given the persecution that is taking place at the hands of the sexual identity lobby and the courts. He could have easily woven in respect for the conscience and private property decisions of others into this unifying speech and would have been a good ambassador for the cause. He won with overwhelming support from evangelicals and other faith-based groups in this country. It’s a shame they were left out tonight. Then again, the rest of the party is just as bad on this issue, so it’s not as if Trump is changing the party’s true position. Nonetheless, conservatives need to fight harder to address fundamental rights and judicial reform.amen

Let our policies stand on their own merits and the media’s desire to destroy them will be that much harder.

2. Ivankacare, porkulous, spending, and debt:

As always, there was no mention of balancing the budget, the threat of debt, or the need to cut spending. In addition, President Trump promoted “Ivankacare” and the full blown $1 trillion porkulous he calls an infrastructure rebuilding package. Conservatives should not back down in their opposition to these bad ideas. We don’t need another massive entitlement; we need to repeal Obamacare so that mothers don’t have to work more to pay for a second mortgage. Likewise, the talk of “crumbling infrastructure” is a dubious left-wing talking point. And to the extent there are problems with our infrastructure it’s because of the inefficient, failed federal monopoly on highway spending. Trump said, “the time has come for a new program of national rebuilding.” He is right, it’s time to devolve transportation and education spending to the states in order to improve those important functions.amen

Moreover, Trump must remember that we cannot have economic growth with such long-term debt. Also, the trade deficit he speaks of is only a problem because of our fiscal deficit and the misallocation of investments pouring into this country.

3. The protectionist trade policies:

Nothing new here, but still very problematic. Much of the appeal of “buy America” and “stopping companies from going overseas” stems from the general feeling that we have lost our economy and sovereignty. But were Trump to really propose a solid agenda ending venture socialism — taxation, regulation, and subsidization — along with his virtuous immigration ideas, those problems would go away over time and trade won’t have to be the bogeyman. Furthermore, enactment of true free market policies is the best way to keep companies in America.

Overall, there was really nothing new regarding Trump’s non-conservative views, and I believe they were overshadowed by the solid parts of his speech on immigration and Obamacare. It’s something we must continue to work on as we fight to defend his good policies.

President Trump must now harness the energy from this successful speech and deliver specific policies to Congress on taxes, immigration, and health care. He must whip GOP leaders into shape, get everyone in his administration on the same page, stay on message, and let his policies speak above the rancor of the media. Trump should focus relentlessly on his policies (hopefully the more conservative ones) and back them up with a series of policy speeches while simply ignoring the media. Yes, the media is the enemy, but we must not be our own worst enemy. Let our policies stand on their own merits and the media’s desire to destroy them will be that much harder.

President John Adams; Co-Author of our Constitution


New WhatDidYouSay Logo

waving flag

I have a shirt with this quote printed on the back of the shirt. When I put it on yesterday, I was prompted to share the quote with you. Why is Imperial President Obama deliberately destroying America’s economy? President John Adams has an idea.

 

two ways to enslave a nation

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President Obama is Crushing Us in Debt


http://eaglerising.com/4657/president-obama-crushing-us-debt/#txfAozBlAhO1AkqB.99

By / 13 February 2014

The Debt StarSeventeen Trillion Dollars in Debt.

Obama increased our national debt to seventeen trillion dollars. There’s nothing else to say.  There are no rationales nor excuses.   If Keats were not talking about truth being beauty he might have said that our ridiculous debt is all “Ye know on earth, and all ye need to know.”

If I slapped myself in the face for each dollar Obama added to our debt, I would be hitting myself until the Second Coming.

I am an enabler.  I didn’t do enough to stop Obama from giving us his liberal, rhetorical fix. Philip Seymour Hoffman killed himself with a needle.  Obama is turning us into dopes.  His ideology is stupid.  He substitutes opinion for pragmatism.

Obama’s spending is a disastrous poem. It echoes the tragedies of the Romantics.  He has pressed the knife of his naïve ideology against the breast of America and he is about to insert it.  The bloodshed will pour from our seventeen trillion dollar debt.  His empathizing of the importance of income inequality will spill over into jealous, spiteful violence and potential misguided revolution.

DebttrainSeventeen trillion dollars in debt is not a number. It’s a condition of failed administration.  It reminds me of that old country song, “You load sixteen tons, what do you get/ Another day older and deeper in debt.”  Deeper?   Deepest is where the s…t hits the fan. Another rock star fails.

Remember when the Occupy Wall Street crowd threatened the Upper East Side.  Obama supported it.  We are a few blocks from harm.

He supported Trayvon Martin.

He supported Professor Gates.

He supported the Moslem Brotherhood.

He negotiated with Iran.  He used John Kerry, a traitor against America during Vietnam, as his mouthpiece.  Not that anyone could compete with his mouth.

What does seventeen trillion dollars mean?  The incomprehensible has no meaning.

Obama smiles.  Is he being warm or spiteful?

Obama likes to pretend that he is one of the people while he jets around in private planes, helicopters and limousines.  He doesn’t know who he is.  He is half-black, half-white, half-rich, half-poor.  Yet he identifies only with his poor black side. Never true to himself; he is false to the world.

Instead of Obama healing the wounds between blue and red states, white and black pigmentation, he puts salt on them.  He feels no gratitude for his being a minority and his becoming President. He is not surprised.  He is Obama.  He is beyond definition, tradition and limitations.

But let us discuss that we are seventeen trillion dollars in debt.  There’s nothing to discuss.  It is beyond comprehension.  Our deficit is speechless before its own tragic waste.

What does it mean?

Nothing.  That we are seventeen trillion times the fool.  That those who elected Obama to two imperial reigns are the Democrat asses who rode Don Quixote to do battle with windmills.

And Obama thinks that he will get energy from solar and wind power.  Is he Sancho Panza?  Is he Al Gore pontificating while making deals with Al-Jazeera?

Seventeen trillion dollars.

Say that again. No need.  It will repeat itself throughout our future bankrupt years.  Its negativity will become a self-accusation.

It will be branded on the foreheads of progressives who can’t see past their own noses to the future.

Cyrano de Bergerac hid his nose.  The Washington Post has already given Obama four Pinocchio’s for the Affordable HealthCare Program.   I wish the Democrats’ would pick on Obama’s lying noses instead of the straw man Republicans.

Seventeen trillion dollars in debt.  Wow.  That’s one impressive failure.  As De Niro said in Cape Fear, “Be afraid.  Be very afraid.”

About the author: David Lawrence

<img alt=” src=’http://0.gravatar.com/avatar/2ee7c26bbf824e0d618a0c2265e4e71d?s=80&d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D80&r=G’ class=’avatar avatar-80 photo’ height=’80’ width=’80’ />

David Lawrence has a Ph.D. in literature.  He has published over 200 blogs, 600 poems, a memoir “The King of White-Collar Boxing,” several books of poems, including “Lane Changes.” Both can be purchased on Amazon.com.  He was a professional boxer and a CEO.  Last year he was listed in New York Magazine as the 41st reason to love New York.

Website: http://www.amazon.com/David-Lawrence/e/B001JOYJYO/ref=ntt_athr_dp_pel_1

Read more at http://eaglerising.com/4657/president-obama-crushing-us-debt/#txfAozBlAhO1AkqB.99

Top Adviser To The Chinese Government Calls For A Global Currency To Replace The U.S. Dollar


For those of you that know scripture, you will recognize the following report. For the rest, this is a potential fulfillment of Biblical prophecy.

The Anti-Christ is prophesied to be revealed as a solver of the nation’s economic disasters. It is prophesied that one of the his proposed solutions is a one world currency. Please keep that in mind as you read the following. – Jerry Broussard

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http://freedomoutpost.com/2014/02/top-adviser-chinese-government-calls-global-currency-replace-u-s-dollar/#roGJtZMYv1Deft78.99

Posted by February 7, 2014

The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency.  Lin, who is also a professor at Peking University, says that the U.S. dollar “is the root cause of global financial and economic crises” and that moving to a “global super-currency” will bring much needed stability to the global financial system.  And considering how recklessly the Federal Reserve has been pumping money into the global financial system and how recklessly the U.S. government has been going into debt, it is hard to argue with his logic.  Why would anyone want to trust the United States to continue to run things after how badly we have abused our position?  The United States has greatly benefited from having the de facto reserve currency of the planet for the past several decades, but now that era is coming to an end.  In fact, the central bank of China has already announced that it will no longer be stockpiling more U.S. dollars.  The rest of the world is getting tired of playing our game.  Our debt is wildly out of control and we are creating money as if there was no tomorrow.  As the rest of the world starts moving away from the U.S. dollar, global power is going to shift even more to the East, and that is going to have very serious consequences for ordinary Americans.

Sadly, most Americans don’t even realize what is happening.  These comments by a top adviser to the Chinese government should have made front page news all over the nation.  I had to go to China Daily to find the following excerpt…

The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.

“The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank. “The solution to this is to replace the national currency with a global currency.”

Lin, now a professor at Peking University and a leading adviser to the Chinese government, said expanding the basket of major reserve currencies — the dollar, the euro, the Japanese yen and pound sterling — will not address the consequences of a financial crisis. Internationalizing the Chinese currency is not the answer, either, he said.

And this is not the first time that we have heard these kinds of comments coming out of China.  For example, Xinhua News Agency called for a “de-Americanized world” back on October 14th…

“It is perhaps a good time for the befuddled world to start considering building a de-Americanized world.”

That particular news agency is controlled by the Chinese government, and if the Chinese government did not approve of that statement it never would have made it into the paper.

Then in November, the central bank of China announced that it is going to stop stockpiling U.S. dollars.

Most Americans don’t want to hear this, but what we are witnessing is a massive shift in global power.  China is catching up to us in a multitude of ways, and they are getting tired of playing second fiddle to the United States.  In fact, China is already surpassing the U.S. in a number of key areas…

When the rest of the world quits using U.S. dollars to trade with one another and quits lending our dollars back to us at ultra-low interest rates, things are going to start changing very rapidly.

In a previous article, I discussed why having the reserve currency of the world is so important to the United States…

The largest exporting nations such as Saudi Arabia (oil) and China (cheap plastic trinkets at Wal-Mart) end up with massive piles of U.S. dollars.

Instead of just sitting on all of that cash, these exporting nations often reinvest much of that cash into low risk securities that can be rapidly turned back into dollars if necessary.  For a very long time, U.S. Treasury bonds have been considered to be the perfect way to do this.  This has created tremendous demand for U.S. government debt and has helped keep interest rates super low.  So every year, massive amounts of money that gets sent out of the country ends up being loaned back to the U.S. Treasury at super low interest rates.

And it has been a very good thing for the U.S. economy that the federal government has been able to borrow money so cheaply, because the interest rate on 10 year U.S. Treasuries affects thousands upon thousands of other interest rates throughout our financial system.  For example, as the rate on 10 year U.S. Treasuries has risen in recent months, so have the rates on U.S. home mortgages.

Our entire way of life in the United States depends upon this game continuing.  We must have the rest of the world use our currency and loan it back to us at ultra low interest rates.  At this point we have painted ourselves into a corner by accumulating so much debt.  We simply cannot afford to have rates rise significantly.

As the rest of the globe moves away from the dollar, demand for the dollar is going to go down and that is going to cause a lot of inflation – especially for imported goods.  So the days of piling lots of cheap plastic stuff made in China into your shopping carts is coming to an end.

And as the rest of the globe moves away from U.S. debt, interest rates are going to go much higher than they are today.  Eventually, the U.S. government will be paying out more than a trillion dollars a year just in interest on the national debt and all loans throughout our entire financial system will have higher interest rates.  This is going to cause economic activity to slow down dramatically.

On the global economic stage, China is playing checkers and we are playing chess, and we are getting dangerously close to checkmate.

Meanwhile, China is also rapidly catching up to us militarily.

At a time when U.S. military spending is actually decreasing, China is spending money on the military aggressively.

In 2014, Chinese military spending will rise to $148 billion, which represents an increase of 6 percent over 2013.

The balance of power is shifting right in front of our eyes.

For example, at one time the U.S. Navy reigned supreme and the Chinese Navy was a joke.

But now that is rapidly changing.  The following is from an article posted on military.com

The Chinese navy has 77 surface combatants, more than 60 submarines, 55 amphibious ships and about 85 missile-equipped small ships, according to the report first published by the U.S. Naval Institute. The report explains that more than 50 naval ships were “laid down, launched or commissioned” in 2013 and a similar number is planned for 2014.

Of particular concern is the growth of the Chinese submarine fleet.  The Chinese now have submarine launched ballistic missiles with a maximum range of about 4,000 miles…

ONI raised concerns about China’s fast-growing submarine force, to include the Jin-class ballistic nuclear submarines, which will likely commence deterrent patrols in 2014, according to the report. The expected operational deployment of the Jin SSBN “would mark China’s first credible at-sea-second-strike nuclear capability,” the report states.

The submarine would fire the JL-2 submarine launched ballistic missile, which has a range of 4,000 nautical miles and would “enable the Jin to strike Hawaii, Alaska and possibly western portions of CONUS [continental United States] from East Asian waters,” ONI assessed.

In addition, China is also working on “hypersonic glide vehicles” that can travel “at speeds of up to Mach 10 or 7,680 miles an hour”.  The following is an excerpt from a recent Washington Free Beacon article…

The Washington Free Beacon first disclosed China’s Jan. 9 flight test of a hypersonic glide vehicle that the Pentagon has called the WU-14.

The experimental weapon is a new strategic strike capability China’s military is developing that is designed to defeat U.S. missile defenses. China could use the vehicle for both nuclear and conventional precision strikes on targets, including aircraft carriers at sea.

U.S. officials said that, while the glide vehicle test was not an intelligence surprise, it showed China is moving much more rapidly than in the past in efforts to research, develop, and test advanced weaponry.

The world is changing, and the United States is not the only superpower anymore.  China is thriving and Russia is also on the rise.  Five years from now, the world is going to look far, far different than it does today.

Sadly, most Americans do not care about these things at all.  Most of them are much more concerned about the latest celebrity scandal or about what Justin Bieber has been doing.

In the end, most Americans will have no idea what is happening until it is far too late to do anything about it.

Get my new book about the future of America: The Beginning of the End.

About Michael Snyder

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of  The Economic Collapse Blog. Michael and his wife, Meranda, believe that a great awakening is coming and are working hard to help bring renewal to America.  Michael is also the author of the book The Beginning Of The End

US No Longer in Top 10 of Most Economically Free Countries


The following article is more evidence of the importance of the 2014 elections. So, why is the media, even FOX, so focused on the 2016 elections?

Jerry Broussard (MrB)

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WWW.LASTRESISTANCE.COM

http://lastresistance.com/4381/us-longer-top-10-economically-free-countries/#Hs0W1ORs3RdeuQuC.99

Posted By on Jan 14, 2014

ball and chain

The Wall Street Journal and the Heritage Foundation released their 2014 Index of Economic Freedom, and, unsurprising to most of us, the United States has dropped out of the top ten most economically free countries. This is due in part to our escalating economic regulations and out-of-control debt, but it also has to do with growing freedoms in other parts of the world. The Wall Street Journal reports:

The most improved players are in Eastern Europe, including Estonia, Lithuania and the Czech Republic. These countries have gained the most economic freedom over the past two decades. And it’s no surprise: Those who have lived under communism have no trouble recognizing the benefits of a free-market system. But countries that have experimented with milder forms of socialism, such as Sweden, Denmark and Canada, also have made impressive moves toward greater economic freedom, with gains near 10 points or higher on the index scale. Sweden, for instance, is now ranked 20th out of 178 countries, up from 34th out of 140 countries in 1996.

 

The U.S. and the U.K., historically champions of free enterprise, have suffered the most pronounced declines. Both countries now fall in the “mostly free” category. Some of the worst performers are in Latin America, particularly Venezuela, Argentina, Ecuador and Bolivia. All are governed by crony-populist regimes pushing policies that have made property rights less secure, spending unsustainable and inflation ever more threatening.

I think it’s important for us to realize that the United States is being plunged into an economic quagmire that European and Eastern nations have already suffered through and are exiting. While we extol the virtues of government regulations, universal blah blah blah, and socialist utopias, former socialist states are abandoning these same ideologies in favor of the laissez-faire economic policies that traditionally characterized the US. And why are formerly socialist countries abandoning socialist policies? Because they just don’t work. I don’t know how long it will take for us to figure that out. How many other countries need to destroy themselves pursuing socialism before everyone just agrees that big government top-down economic controls paralyze economies and dissipate economic potential? Seriously. This is frustrating.

“We Have Plenty Of Money If We Just Loot More People”


There has never been a clearer picture of Socialism than the following story. No longer is the Radical Socialist Left Wing spinning their intentions. Now they are outright saying, “We are Socialist and proud of it.”

Now, what are we going to do about it? Mid-Terms anyone? – Jerry Broussard

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The words came from Democratic Representative Keith Ellison of Minnesota:“The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it.”

 

You couldn’t ask for a clearer portrayal of the ethics of plunder. “We” are the government and “we” are not broke because all the government needs to do is to take money from other people. Ellison was advocating for his “Inclusive Prosperity Act.” He explained, “The government has a right, the government and the people of the United States have a right to run the programs of the United States. Health, welfare, housing – all these things.”

 

The looting mechanism proposed in the “Inclusive Prosperity Act” is a sales tax on every sale/purchase of a stock, bond, or derivative. This would arguably be destructive to the economy, but I’ll leave that argument to the side. Instead, let me ask, if everything turned out as rosy as Ellison pretends, would we be better off? Ellison claims his new tax would rake in $300 billion a year.

 

I have no idea how realistic his assumptions are. Is he assuming that there would be no reduction in sales of stocks, bonds, or derivatives? Whatever. Pretend he is right and we get $300 billion a year coming into the government. What does he want to do with it? The Bill itself says the money will be used to “fund international sustainable prosperity programs such as health care investments, AIDS treatment, research and prevention programs, climate change adaptation and mitigation efforts by developing countries, and international assistance.”

 

I’m not going to address the value of these goals, or if they are based on hallucinations, in some cases, or not. We don’t need to go into all that. The essential point here is that Ellison is questing for more government spending. The best you can say about him is that he doesn’t admit that he wants to increase the national deficit. But what was that deficit? For 2012 the national deficit was over a Trillion dollars for the fourth year in a row.

 

So the man who is telling us that “we have plenty of money,” even if we assume he really can get all the revue he claims he can get, year after year, is powerless. $300 billion wouldn’t even cover a third of the national deficit if we didn’t spend it on anything else.

 

So, even by these wildly optimistc claims, we are still just a larger version of Detroit heading toward inevitable collapse and bankruptcy. Ellison would loot more people to simply make our financial situation even less safe. He is living in a dream world.

More Evidence Of President Obama Wanting to be “Dictator” Obama


Obama: Give Me Debt Ceiling Power Or I’ll Veto My Own Tax Proposal

Barack-Obama-as-Buzz-Lightyear-86467In case there is still anyone out there that continues to believe that the 2008 campaign lines that Barack Obama gave about changing the way Washington works, stopping “politics as usual,” and providing more transparency in government are true, then get a load of this. On Wednesday, Obama demonstrated just how partisan and how much of a power grabber he is. He indicated that if he were not given unlimited powers to raise the debt ceiling, apart from Congressional approval, that he might just veto his own tax hike proposal should it come to his desk.

As Obama addressed corporate CEOs at the Business Roundtable, he told them that business leaders “should not accept going through” another debt-ceiling crisis like the one that occurred in 2011, which caused stocks to fall and ended with the first U.S. credit rating downgrade.

He said that the Republicans using the debt ceiling as leverage, in order to get more spending cuts, is not only a “bad strategy for America,” but he was adamant that it was a game he would not play.

The Hill reports,

The president told the CEOs that a fight over the debt ceiling would cause more uncertainty for business. “We can’t go there again,” Obama said.

He also quoted Business Roundtable President John Engler, the former Republican governor of Michigan, who said the debt ceiling was “not a good weapon for anything except destroying our own credit rating.”

Obama’s comments drew a sharp rebuke from Republicans, who argue Congress’s role in raising the debt ceiling serves as a key check on excessive government spending. GOP leaders noted proudly they were able to force some $2 trillion in cuts during the debt-ceiling showdown last year.

“The president wants to have the ability to raise the debt ceiling whenever he wants, for as much as he wants, with no responsibility or spending cuts attached,” said spokesman for Senate Minority Leader Mitch McConnell (R-KY) Don Stewart. “This is an idea opposed by Democrats and Republicans alike; it’s a power grab that has no support here.”

We already know that Obama and the Democrats are not willing to compromise on anything. They even rejected House Speaker John Boehner’s proposal on Tuesday, which was blasted by conservatives. Obama is going to play hardball and the Republicans had better wake up to that. You’ve been dealing with the man for four years now.

Consequently, Obama’s own proposal could not pass either the House or the Senate, but apparently he wants to be the “Buzz Lightyear” of debt and demand the power, given to Congress in Article 1, Section 8 of the U.S. Constitution, and go from $16 trillion to “infinity and beyond!” Congress must keep him in check or it will most certainly spell the end for the U.S. economy.

New Rasmussen Survey


As I was watching Meygn Kelly this morning on FOX Cable, she reported on a new Rasmussen Survey that was prompted by something President Obama said. According to the President, government has made America great and always has. The survey asked if you agree, or do you feel the Free Market  system has made America great? The entire discussion made my hair hurt.

How about, “THE AMERICAN PEOPLE ARE RESPONSIBLE FOR MAKING AMERICA GREAT?” The government (OF, BY and FOR the PEOPLE) has a long history of getting in the way of greatness. The greedy part of the Free Market system has made America appear ugly to the rest of the world. We’ve remained strong because of the American people, especially those patriots whose work ethic, pride of country, spiritual strength and unwavering stand for the values that produce lawful, “good citizenship” and caring conduct. These are the core of America that is unaffected by politics and the extreme left main stream media. They are not looking for a handout, and in times of disaster are the first to give of what they can, as well as getting in there and helping their neighbors recover. You usually do not see them demonstrating, or “occupy” anything but their jobs, communities, family and church.

Hey Rasmussen. How about asking some different questions;

  • “Is America greater because of governments determination to re-engineer the American People?”
  • “Is America greater because it has supported those who are here illegally not to learn the language or become an active part of the American community with its customs and traditions?”
  • “Is America greater because of multiple presidential organizations doing nothing about our porous Southern Boarder, and their refusal to deport anyone who is here illegally?”
  • “Is America greater because of the political Lefts creation of the dependant Poor Underclass?”
  • “Is America greater since the political Lefts policies have encouraged almost half of the American population to get on some sort of government assistance, disability or Welfare?”
  • “Is America greater today with Trillions of dollars of debt?”

There are so many more, but time won’t allow me to list any more. They have heard from me, how about you?

 

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