Nuff said....
If only his goal was to fix the problem. Things are going just the way they want. One world order run by the UN.
The government is not a revenue producing entity. Every dollar it removes out of the economy through spending is one less dollar that is part of the economic cycle. This is akin to a farmer eating all his corn (and all his neighbor’s corn as well) instead of planting it.
Thanks so much. Want to run for President?
It would at least be more honest for the Dems to present the following:
"RESOLVED. That the debt limit of the United States shall be a quintillion, bazillion, skadillion dollars."
We could fill the Grand Canyon with all the printed money, and Ben Bernanke could swan dive into it and swim around like Scrooge McDuck.
He and his Ivy League financial advisors are doing the exact opposite to what I do to get my budget balanced. Since I didn’t attend Harvard I must be doing it all wrong.
Well said.
We are on the same path that many failed nations followed in recent history.
Where we are headed is a devaluing of the currency. Once that happens, the dollar will be on the fast-track to total replacement.
Unfortunately, the pink-tie wearing cry baby will play golf with Obammie the Commie, who will smooth-talk him. Boehner will cave. The debt ceiling will be raised. Not only will there be no spending cuts, there will be additional spending. I’m still undecided whether they can pull off a QE3, but tend to think it will happen. This is what Obammie the Commie needs to hold off sheer economic collapse before 2012. This is all to get him reelected.
I said 6 months ago that in June or so you’d start hearing throughout the media how the economy is headed for a crisis. This is because the stimulus is running out and all the central-planners and socialists and communists want another round of monetized debt.
But they are forgetting the law of diminishing returns. If they do a QE3, it may not carry us through 2012. That play has been run and the laws of monetary science will react against it.
You go, Big Daddy.
Amen, amen, amen. Yet our senators and representatives are like junkies who can’t say no to another spending fix. Beg borrow or steal to keep the spending drug coming. That is why we can’t raise the debt ceiling—it may force them to go cold turkey. There is no way anyone would allow it to turn into a default. That’s all propaganda.
Champions are born with it but all will admit they have to work hard at it too.
And when it comes to idiots, Obama is a champion.
Compare this to Biden who probably has more natural born talent at this than Obama. He clearly doesn't work as hard, however.
GRRRRRRRRRRRREAT post, Jim! Thanks.
You know, it's really sad when the debate centers around the question of whether the
Wee Wee is intentionally destroying the U.S. economy, or he is merely dumber than
a rock and lazier than a slug.
What if instead of threatening to NOT raise the debt limit, instead the Republicans threaten to raise the debt limit by, oh say, 100 trillion.
After all that's about how much we owe, or will owe, with all of our prior commitments to Soc Sec, Medicare, pensions, etc.
Raising the debt limit by 100 trillion would have the same destabilizing effect as not raising it all. It would have the added advantage, however, of being honest. After all, do we really expect our congresscritters to get serious about the government debt any time soon?
Just a crazy idea I thought I'd throw out there just to see what y'all think about it.
I have an idea. Lets start by deep sixing Obamacareand cutting taxes. Note new tagline
It's a cop-out and we as Americans aren't bred to be followers, we are leaders who show the rest of the world how to do it!
THAT is the #1 reason.
This would fall on HUGE, deaf ears.
Little Stevie Dunham doesn’t WANT America to come out of the depression......
He wants to DESTROY America. All of this IS intentional.
I just knew eventually that natural born thingie would be solved one day!
Oh and I saw Herman Cain and a financial type guru guy say essentially the same thing on the TV.
And one of the guys leaving his financial team left because that is the way he sees it also.
Right on Jim.