Posted on 02/21/2013 6:43:18 PM PST by lowbridge
For two months, reporters and lawmakers have ignored a devastating report from the federal government itself, which warns that the nation's current fiscal policy will lead to economic collapse.
The Government Accountability Office (GAO)—the personal auditor of President Obama and the federal government—released its assessment of the federal government on January 17, 2013. The report's findings illuminate just how dire America's spending problem is and, therefore, how little the current cuts debated by Congress do to fix it.
The findings of the paper include these excerpts (emphasis added):
(Excerpt) Read more at breitbart.com ...
Similar story here:
no kidding
The CMH Report could have told you this long ago.
Now go here...
Another major warning, no time-table, but this former Soro's guy has a nose for when markets are about to go south, watch the video with "The Money Honey"...
Indeed. Everything’s going according to plan. Meanwhile, the price of gas is skyrocketing and the XL Keystone Pipeline is dead in the water because somehow America is convinced it’s up to 0bama to authorize it. BUILD IT ANYWAY, DAMNIT!
Obama should be impeached and imprisoned for his traitorous damage to America. Most democrats should go with him.
“If the federal government does not fix the spending problem detailed in this report, it will have to take out more and more loans to pay for the already-outstanding interest payments on the federal government—loans to pay off loans.
Thus, the question remains: what happens when no one will grant Congress more loans?”
Great article over on "OilPrice" yesterday. They claim the Gov't Red tape for the Pipeline adds $9 / barrel and that is cheaper to send it by rail. I was shocked, this is no left wing interview, although the parent of the site is CNBC.
If so, Fedzilla's own Bureaucracy via the EPA is a driver to esentially kill all pipelines which is in concert with the partners in new-socialism the Sierra Club. But at this point the Sierra Club are just making noise to generate cash-flow. Sicking these organizations are, It is a win-win for them it won't get built but it gives them a pulpit to go on a screed and raise more funds...
And who owns the rail cars that carry the oil? 0bama buddy Warren Buffett.
Everybody keeps thinking that when his term is done, Obama will stay in the US. What if his plan is to retire to Thailand or Burma? Never assume that he cares about the US because he’ll one day be a private citizen here again.
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.