Posted on 01/13/2012 3:44:33 AM PST by tobyhill
President Obama is kicking off 2012 with an uncomfortable but inevitable request -- for Congress to permit another $1.2 trillion increase in the debt ceiling.
With the U.S. debt at about $15.2 trillion, it is now estimated to be larger than America's entire economic output. The proposed increase would boost the debt ceiling to $16.4 trillion, which should be enough to allow the government to keep borrowing until the end of 2012, or just after the presidential election.
(Excerpt) Read more at foxnews.com ...
The abomination that causes desolation is sure going to get a lot of worship by “saving” the starving masses with his global government.
No way another 1.2 trillion will get us through until the election,It might take us to the 4th. of July, but I doubt that.
Folks, it’s very, very simple. At the top levels of government, pretty much everyone is in on the scam. Nothing more, nothing less. There are a few outliers in Congress, but not enough to alter the course.
This ends with a crash. A big crash. With the powers that be hanging their heads in sadness, telling us what needs to happen next for the good of the country. It won’t be good, though. Get ready while you can.
PS - what happened to the debt commission and the automatic cuts if they failed? Where did the talk of the 400 Billion stimulus that was critical go? I thought the debt ceiling wouldn’t be raised again before the next election? All smoke and mirrors to buy time. Wake up, pay attention, and stop wasting time arguing the irrational argument. It’s what they want to distract us from the truth.
Anyone, who after observing this "continuing resolution" bullshit that has been going on since the Democrats took over control of Congress in '07, that has not come to the conclusion that the Republican Party is in cahoots with the Democrat Party is only deluding themselves.
What the Republicans in the House should have done way back when was say, "We are going to have a budget"! When the Democrats balked, shut down the Government until a budget was passed.
But there was a reason they did not do that. The reason? Then the Republicans would have to have done the things that they campaigned on and were elected to do. In the forefront was defunding obamacare.
I think this is a huge conspiracy. All the politicians are in on it. Raise the national debt as high as they can, steal the money and when America falters, they all go to somewhere else and live like kings.
Soon, I've been hearing rumbles that folks in other countries are not all that happy about accepting dollars from Americans traveling abroad, no first hand knowledge but no surprises. I've also heard that the Treasury has to offer T-bills backed by real estate to attract the interest of any buyers. In other words no one wants to buy our deft, or hold our debt (dollars). So the end is near and the end will be UGLY. Check out some of the recent threads on Greece for a preview. I advice stocking up now while your dollars will still buy stuff. For a thought experiment, imagine what happens should OPEC not accept dollars for their oil.
There are 535 men and women, if they are all in on it, not counting czars, the fed, the BIC, the men in black, the cabinet, Congressional staffers, and probably a few others needing the citizen trial. The last thing that is going to happen is they all fly off into the sunset to live like kings.
Economic collapse will bring retribution unlike anything congress has ever witnessed, and since I’m going to a birthday party for the only senator in my state worth talking too, this is going to be a subject of conversation. Hate to ruin a good birthday bash, but face to face deserves some worth while conversation regarding continuing the insanity.
Another $1.2 trillion increase in the debt ceiling because socialism needs a little more priming to take hold.
I surprised they are still even making new cash bills.
The “logic” for going cashless and the chip reading technology available will help it happen soon.
They are already chipping cards in Europe for security, and a lot of places in America have the card reader you wave your card by instead of inserting in a slot to read the strip.
Those little debit card microchip “marks” implanted can’t get easily lost or stolen, can they?
Folks are getting thir pets chipped nowadays as an alternative to the old “dog tags”.
By two times at least.
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