[yadent]

If the compromise consists of ‘cuts’ of $100-$300 billion a year then Krugman’s second sentence is correct. Everything else he says is crap. The nation is presently running deficits of $1,600 billion a year. With the proposed ‘cuts’ of the compromise that still leaves $1,300 to $1,500 billion added to the debt every year. Exponential math tells me we are fast approaching the event horizon.....

[BobP]

The nation is presently running deficits of $1,600 billion a year. With the proposed ‘cuts’ of the compromise that still leaves $1,300 to $1,500 billion added to the debt every year. Exponential math tells me we are fast approaching the event horizon.....

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Spot on yadent.

Welcome to the Obamanation!

His 'leadership' style is classic liberalism: No vision + utter incompetence = total failure

We said; cut, cut, cut. But it looks like we got; spend, spend, spend. A hamburger today for payment later.

So Obama's economy continues on a downward track. Once you go over a cliff you cannot stop half way down, and the DeathCare bill that he and Nancy put in place might finish it off.

What the Tea Party wants is what most Americans want - fiscal sanity. I don't think it is possible for this country to have a more sorry bunch of losers running the show.

 An arrogant Marxist was spending
 Trillions of bucks without comprehending.
 The piss-stream media concurred
 Without saying a negative word
 For the Republic they thought was ending.

The Gross Domestic Product, Second Quarter 2011 (Advance Estimate) is reported by the Bureau of Economic Analysis at 1.3% (as of 8:30 A.M. EDT, Friday, July 29, 2011). If they tell us we had 1.3% growth, it really means we had no growth or negative growth.

2011 Q1 GDP was revised down from 1.9% to 0.4%. So in the first quarter, real GDP increased 0.4 percent. We're economically frozen as a nation with this jackwagon president in office. We have an economy that lags behind Canada and Mexico!

Egan-Jones, the only really independent and credible ratings agency, downgraded the U.S. from AAA to AA+.

S&P, Moodys and Fitch -- are the best ratings money can buy. They all receive money from the companies they give ratings on. They failed to lower ratings on any financial institution during the financial meltdown until the day most of them filed for bankruptcy. Downgrades = no more juicy fees. They don't downgrade the gov't because the managers and owners are all Northeast Ivy League Liberals and help bankroll fools like Schumer, Durban, Kerry, and Frank. Read Charlie Gasparino's book 'The Sellout' that names the names and the firms involved in aiding and abetting the downfall of the Republic.