I say OBAMA is an Idiot !!!
Posted on 01/31/2010 5:29:42 PM PST by kristinn
Keep up the good work, everyone of us should be doing everything legal that we can to help starve the beast.
http://finance.yahoo.com/q/bc?s=VUSTX&t=3m&l=on&z=m&q=l&c=
That is a reasonable conclusion. But what is baffling is why anyone would today loan the U.S. money for 30 years at 3.85%? What foolish overseas dolts would buy these things? ( 30-year treasuries ..)
dont you think most people will cash them out if they think that is what is coming down the pike?
Of course he’s not very bright, It was never about him, it was always about the color of his skin. Chrissie Matthews even forgot he was black for about an hour the other night. Even the Obama girl is cooling on him (gave him a B-)
Where we goin?
Everybody must pay their fair share. Everybody has to have some skin in the game. This is something Allen West is talking about down in Fl and it can’t be gotten around.
We need electoral reform BADLY. People need to understand that electoral fraud is tantamount to treason, and it needs to be punished as treason.
Diana - at least when it all goes to hell we’ll be already partially trained for living on little. If there IS any recovery, it occured to me that it’s because people have tightend their belts enough to start making an impact on paying down consumer debt.
Sometimes I think the country is just too big to govern successfully. The best bet would be to break up into 4 or 5 countries.
I quit smoking because I didn’t want them to continue to collect that revenue off of me.
I think people were just flat angry. The churn started against the republicans and now the tail end of that whip is going to crack back and take out the rats. The turmoil will continue as long as it takes because the current situation is unsustainable.
Funny that the right people with the right policies could have us out of this in three months. Sad but funny.
I switched to e-cigarettes about the time of the last tax increase. Call it the "Had Enough" reaction.
PSALM 2010
Obama is the shepherd I did not want.
He leadeth me beside the still factories.
He restoreth my faith in the Republican party.
He guideth me in the path of unemployment for his party’s sake.
Yea, though I walk through the valley of the bread line,
I shall fear no hunger, for his bailouts are with me.
He has anointed my income with taxes,
My expenses runneth over.
Surely, poverty and hard living will follow me all the days of my life,
And I will live in a mortgaged home forever.
I am glad I am American,
I am glad that I am free.
But I wish I was a dog .....
And Obama was a tree.
The way I see it is this...
Cash out today and you’ll pay about 40% in taxes and penalties. When the Gov’t shows up in a year or two they won’t need all that much...40% wouldn’t be right, in fact that would be wrong. I think they’ll only want about 15% - 20%, say the amount you would have paid had it been taxed and you paid cap gains on the increases. That should keep the sheeple from revolting. And I’m sure they’ll promise that after that ‘one-time donation’ the rest of your retirement money will be tax exempt upon retirement to make up for it...only they’ll change the law in about five years to make sure it’s all taxable income upon retirement.
Where else are they going to get a stack of $1,000 bills 1,000 miles high? I seem to recall that there is around $15T - $16T in all retirement accounts in the US.
So...how much does each U.S. citizen now owe?
Answer: “For fiscal year 2009, which ended in October, the budget deficit was $1.4 trillion, or nearly 10 percent of the gross domestic product, and interest payments consumed $200 billion of taxpayers’ dollars. The national debt stands at $12.1 trillion, up from $6 trillion in 2006, or nearly $40,000 per citizen and more than $111,000 per taxpayer. It’s growing by about $1 million every 20 seconds.”
Quoted from article cited below:
“We owe, we owe: Staring into a spending abyss”
Copyright 2010 Houston Chronicle
Jan. 6, 2010, 7:51PM
http://www.chron.com/disp/story.mpl/editorial/6802385.html
In the words of Laugh-in’s Edith Ann (Lilly Tomlin), “Well, Isn’t THAT special!”
“If there IS any recovery, it occured to me that it’s because people have tightend their belts enough to start making an impact on paying down consumer debt.”
Well, this household is free and clear of consumer dbet; now we’re putting all extra cash on the (very managable) mortgage on our farm. Took me two years, but I did it. :)
I’m not sure that paying down consumer debt is helping the economy at all at this point, though it IS helping individuals get a CLUE.
It’s not helping the banks; they’re losing interest on everything we pay off. And, good for us!
Someone help us out here...
with about 19% of the adult population out of work what do these government morons expect????? more taxes coming in??? nobama hates America as we all know it. he is redistributing everyone else’s wealth...just like he said he would. would those who voted for nobama please let others slap you silly, you losers.
Plus mounting deficits of $1.4 trillion growing to $1.6 trillion and the demoRATS just passed the deficit cap of $1.9 trillion last week (with that usurper Kirk still in the MA senate seat). Our country is ready to explode with overwhelming debt & bankruptcy and 0bozo the commie pig & the socialist demoRATs are continuing to spend & bankrupt us into oblivion.
Since the short fall for 1Q10 is 11% lower than 1Q09, I think we all need to do whatever we can to continue to reduce the socialist government's quarterly revenue intake. I think we need to stop our quarterly estimates, set the money aside in a personal reserve account and only pay at the end of the year on April 15 filing deadline. I think we need to starve this socialist gubmint into submission or a massive uprising by our citizens & patriotic military support.
Amen to that!
I’ve been very tempted to try them, but I’m off the nicotine now, so I figure what the hell. But, now what do I do for stress? It’s been a big issue. Smoking was certainly a self-medication for stress, and the medical community is not good about providing alternatives. I did talk my pcp into a limited prescription for some very mild ativan. I liked it because it didn’t make me feel high, but it did make me feel much better when I would be stressed out. I’ve got news for the shrinks though: Meditation and talk therapy are wonderful things, but they still don’t go all the way in terms of affording relief.
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.