Posted on 07/28/2011 12:39:15 PM PDT by 2ndDivisionVet
I remind you of what The Reverend Jesse Jackson inadvertently whispered into an open mike during the campaign: "pssst. Barack's been talkin' down to the colored folks. I want to cut his nuts off".
What a moron. The only way you can have a debt crisis is by taking on too much debt. Some people in the real world have absolutely no debts at all. How could spending or earning cause them to enter a debt crisis ?
As long as they thought it was da MAN keepin’em down, adn that the MAN wuz a ‘publican
We don’ give uh F whether we gits nuthin or not so long as YOU gettin screwed, mr woodypecker.
Sorry, you’re not gettin’ a systematic or continuous approach to spending reduction. These pols are not the answer. They can NOT fix this. They are constrained by their own political posturing and arse-feather-tickling that they don’t have any mechanism for dealing with a problem this big. Problem, hell the PROBLEM is the administration of the USA is rudderless in the face of the storm. And it’s the admin that’s CREATING the storm. No, we’re going down. Nothing any of them can do about it. Boner and Reed are peacetime pols. When we can afford crooked politicians and the best don’t get into the field because they don’t need it. In war hopefully we get the best, like Lt. Colonel Allen West up in there to represent. And keep it real.
The Won has nuts?? Who knew? OTOH, maybe the O I know is the POST-Jesse version.
The real problem here is beyond what most politicians will deal with.
The FED and its fiat currency.
Fractional reserve currency DEPENDS on an ever expanding growth of credit AND debt to survive. Always.
So, with the little people facing jobs losses, and a falling housing market, the little people don’t want debt anymore. Or taxes. BUT the government needs that debt to keep the money flowing. They need an ever expanding growth of credit and debt to back this currency. This is why they have never wanted to worry about the federal deficit. They have NEVER really cut it. Because they turned over their constitutional authority to watch over our money. They were to only allow REAL money, gold and silver, as money for debts. This is because the founding fathers experienced the evil of paper backed by taxes, and knew its evils.
But they are up against a wall of trouble now. The housing bubble allowed the debt bubble to grow, the CDO’s (credit Derivative Obligations) were even larger. All this depends on that growing bubble of debt. But when it shrinks, as it tends to do from time to time, and is doing now, that is when the house of cards gets tippy. The ponzi is near the end.
The only reason the US dollar has any strength at all is its power to TAX the American people. NOTHING else backs it. Once the American people don’t have the money to pay those taxes, the US dollar is in danger.
This is why expecting the politicians to actually do something about cutting will not happen. It gives me no pleasure to post that. The monetary policies, founded on giving the FED control of OUR money in 1913, with a dem majority, by the way not unlike DeathCare, does not allow our own politicians to do much of anything.
Nobody seems to correlate the rising debt ceiling with declining jobs.
The rising debt ceiling has two consequences....
more regulation ...
to occupy employees in expanding federal bureaucracies...which expand because “they have more money” and another layer of bureaucrats need their 20 year promotions... Each round of regulatory expansion is the effective equivalent of another targeted tax increase on the object of the regulation.
more taxes...
The rising debt ceiling has demands and expectations of creditors for new elements of “revenue raising” by the Feds...taxes or fees.
In this strangling environment job creation is simply NOT possible.
In fact the only logical conclusion..can be ..is that the Federal apparatus -initially an asset to the United States..by virtue of its abilities to raise an effective Navy in the late 1700’s, and early 1800’s to facilitate overseas trade on behalf of the States, has become nothing other than the States greatest liability at this point in time. In the absence of profound regulatory and taxation reform-which is not capable of coming from the same minds that created the problem..we may well be at the end of the line.
They may have good intentions(the common followers of this movement) but they are an easy pawn that will be blamed if a debt deal is not struck by Aug 2nd and the ensuing interest rates rise will crush the rest of the middle class playing into the hands of the democrat communists
Limbaugh ,Hannity and Beck should sell all there possitions for the tea party cause if they think the tea party will save america.
I doubt that will happen! Which shows there doubt as well!
Correction
possitions =possessions
“but they are an easy pawn that will be blamed”
What’s new? Still, here we are.
“”Still, here we are.””
Pray hard dear friend.Prayer can move mountains-this is what is needed.
That does essentially cover it. The only point I would add is that the current FED is the third central bank. The other two times in history you mention were when the first and second central banks existed.
They will need to find more and more money, and will fund more and more regulations and fees to get it. Add to that the pensions are broke, and will need more and more money to pay for government workers at the expense of others who actually produce something. It is a truly vicious circle.
The large structure of too big to fail government does crowd out any other jobs. There is just no more room left in the economy to create them. Government is sucking up all the oxygen that creates jobs. The top of the pyramid of .gov is standing on a smaller and smaller base that supports it.
It is going to fall.
“And it’s the admin that’s CREATING the storm.”
Of course. But the solution isn’t to help them do it. A default benefits Obama and his Marxist agenda. Maximum crisis mode.
Did you notice various Freepers ripping into Colonel West today because he got behind Boehnor’s bill?
Circular firing squad.
FWIW,dear friend
The likes of Limbaugh ,Hannity and Beck are self serving people who think of themselves as self appointed prophets in thinking they have been given gifts by God to change the world because they are popular amongst the the masses who want to follow them
The truth is that the lowest of the low have always been the ones who Christ has given these gifts to since the Incarnation
I understand. I just don’t think the Tea Party is a bunch of dupes who don’t understand the consequences. People have weighed where we are and where we need to be. We need more than good intentions and it’s pretty clear that we have more. I don’t expect that we’ll win every battle but the war is shapin’ up.
IMHO - We are there now. DC is dead. Just does not know it yet. The Tea Party is trying to save the corpse, but it is beyond saving.
“In the absence of profound regulatory and taxation reform-which is not capable of coming from the same minds that created the problem..we may well be at the end of the line.”
I agree with you, but I still have hope that we can clean house and turn things around.
If we go down, we won’t be going alone.
They imagine themselves as power brokers.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.