OUT GO THE LIGHTS! That's what could happen to America if we fail to get our fiscal house in order. Consequences, there are surely dire consequences for not doing so and continuing along the spending path to certain ruin. And along comes the first big decision the new members of Congress will have to make: To raise the Debt Limit, or Not to raise the Debt Limit.
For those of you who are not into spending more than you earn, here's a short explanation of "The Debt Limit." Congress sets a dollar amount, called The Debt Limit, and the government cannot spend more than the Debt Limit amount set by Congress. When the government commits to MORE DEBT than the amount Congress has set, the President trots on over the Congress and asks, pretty please, will you raise the Debt Limit so we can continue to pay our bills and operate - in short, so we can continue to spend money we don't have.
A history lesson, the Debt Limit has been raised 11 times since 1996. Many of those raises were accompanied by promised spending cuts that never materialized. Same old government spenders, promise anything to get what they want. Same game, different players. Don't you believe one word of any promise to cut spending. It won't happen unless they are forced - and that means DON'T RAISE THE DEBT LIMIT, NO WAY, NO HOW.
And now here we are, Obama wants the Debt Limit raised so the government can continue to fund things like turtle tunnels, studying Chinese prostitutes, sidewalks to nowhere, the purchase of electric golf carts for rich golfers, funds for the National Endowment for the Arts so they can display more pornographic so-called art works, studying why Africans don't vote, money to develop a joke machine, studying how monkeys react to cocaine, the genetic makeup of ants; oh, doesn't it just give you warm fuzzies when you think of all the worthwhile things YOUR money goes for??? And Obama wants more of IT from YOU. He wants Congress to RAISE THE DEBT LIMIT so he can spend more.
But guess what? Obama was AGAINST raising the Debt Limit before he was FOR raising the Debt Limit. In 2006 Obama opposed any Debt Limit increase saying the following: "The fact that we are here today to debate raising America's debt is a sign of leadership failure. Leadership means the 'the buck stops here.' Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit." These are Obama's exact words. Talk about two-faced hypocrisy, he's the King Cobra of the Washington snake pit. If America had a "debt problem" in 2006 what does he think the "debt problem" is now? Leadership failure?? Seems to be describing himself.
You will hear the Dems screaming about what will happen if the Debt Limit is not raised, Armageddon is on the horizon, America will be in default, blah, blah, blah. But you need to know that in 1995 a government shutdown did not cause a stock market crash, and it did not create widespread catastrophe and panic and the end of life as we know it, and the world won't spin off its axis in 2011 in spite of what Obama and his czars want us to believe. Everything is a panic with them. Do it or the world ends. Oh, my gosh!
So now I need to ask, is it wishful thinking to hope for the "change" that the Conservatives promised us in the last election? We spoke loudly and clearly and sent about 75 new people to Washington. We said QUIT SPENDING! AND WE MEANT IT. And now, Folks, they better listen to us. Or they too will be replaced. 2012 is almost here.
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Showing posts with label consumer debt. Show all posts
Showing posts with label consumer debt. Show all posts
Monday, January 17, 2011
Friday, November 5, 2010
DEER IN THE HEADLIGHTS
In a Wed. press conference after the historic Democratic losses nationwide, Obama dismissed the suggestion that voters loudly spurned his entire agenda. He stated that had unemployment gone down to 5% the electorate would have LOVED Obamanomics.
Obama made an effort to act contrite. He attempted to be remorseful. He pretended to eat some humble pie. He even said the Dems took a "shellacking." But a phony is a phony is a phony no matter what sermon he's preaching. The deer-in-the-headlights-stare was alive and well. And I'm not buying any of it.
He is so far out of touch with the American electorate that he might as well be living on Mars. Obamanomics, Obamacare, TARP, stimulus plan, the buy outs, bail outs, give away programs, staggering government debt, the feds monetizing that debt, another $600 billion money-printing-bail-out trick today (in case you haven't heard about it yet), back-door deals, pay-to-play tricks, sleazy politics, union deals -- But Obama thinks the "shellacking" was because of unemployment.
Today the Old-New CA Governor Jerry Brown said Americans just may have to get used to high unemployment and those people who have jobs will have to pay for a big share of the population to just sit round and collect checks. And this is what passes for the Democrat's vision for the future. Hey, California, are you happy with your Old-New Governor's plan to create jobs?
The last two years were excruciating arrogance and I-don't-care-what-the-voters-want, and the next two years look like they will be excruciating stupidity and I-don't-care-what-the-voters-want.
REMEMBER! We have to finish cleaning house in 2012, and 2012 is right around the corner
Obama made an effort to act contrite. He attempted to be remorseful. He pretended to eat some humble pie. He even said the Dems took a "shellacking." But a phony is a phony is a phony no matter what sermon he's preaching. The deer-in-the-headlights-stare was alive and well. And I'm not buying any of it.
He is so far out of touch with the American electorate that he might as well be living on Mars. Obamanomics, Obamacare, TARP, stimulus plan, the buy outs, bail outs, give away programs, staggering government debt, the feds monetizing that debt, another $600 billion money-printing-bail-out trick today (in case you haven't heard about it yet), back-door deals, pay-to-play tricks, sleazy politics, union deals -- But Obama thinks the "shellacking" was because of unemployment.
Today the Old-New CA Governor Jerry Brown said Americans just may have to get used to high unemployment and those people who have jobs will have to pay for a big share of the population to just sit round and collect checks. And this is what passes for the Democrat's vision for the future. Hey, California, are you happy with your Old-New Governor's plan to create jobs?
The last two years were excruciating arrogance and I-don't-care-what-the-voters-want, and the next two years look like they will be excruciating stupidity and I-don't-care-what-the-voters-want.
REMEMBER! We have to finish cleaning house in 2012, and 2012 is right around the corner
Sunday, September 26, 2010
OBAMA KNOWS IT'S NOW OR NEVER
Agenda, we all know what that means. And that is exactly what Obama and the liberal progressives in Washington/Congress had when they took control of our government. And here we are, two years into their "agenda," and they have pushed through the most damaging package of legislation in American history.
There's Obamacare which puts the feds in charge of 1/6 of our economy, driving prices up, driving competition out, and driving quality down. A bill that Nancy Pelosi said we'd have to read to know what was in it. A bill that adds 17,000 new IRS agents to administer the monstrosity. A bill that most in Washington didn't read before voting to pass it.
There's the one trillion dollar "stimulus" bill that miserably failed to reduce unemployment, but instead increased it. A bill that contained billions of dollars in wasteful spending and thousands of pork projects. A bill that almost everyone in Washington didn't read before voting for it.
There's the supposed financial "reform" bill regulating every aspect of our financial life and imposing massive fees (can you say "taxes") on everything we do financially. A bill that its sponsor, Sen. Chris Dodd (D-CT), admits are "unknown" and stated that he didn't read it before voting for it. For Crying Out Loud, he sponsored it and he doesn't know what's in it?
And then there's creation of DEBT on a scale unknown in the history of the entire world.
No one can comprehend what the consequence of this massive debt will be on Americans and future generations. They have put us on a mad dash to economic ruin.
AND SO IT'S "NOW OR NEVER," AND THE HANDWRITING IS ON THE WALL.
They know how angry Americans are, and they realize their power will be gone in January when a new Congress will be seated.
But the Obama Fantasy Cruise has other things they'd like to bring on board before the ship sinks.
Cap and Trade, which is nothing more than a license to cheat and steal. This will include additional bans on any and all oil drilling in the U.S. It will cost families thousands of dollars a year in taxes and cost more than a million jobs.
Amnesty for illegal aliens disguised as "comprehensive immigration reform." This will keep taxpayers shelling out billions in social services costs, create millions of new "liberal" voters, and encourage millions more illegals to stream across our borders and wait for the next "amnesty."
Value Added Tax (VAT). This is a tax added to everything produced in this country at every stage of production. It is a huge tax for all Americans. It's another convoluted tax added to the already convoluted confiscatory tax system we currently have.
Card Check. Obama and the Liberals want this badly. It's a plan to take away secret ballots in elections where workers decide whether to unionize. Non-secret ballots create a climate of intimidation and coercion, forcing non-union workers to vote for unionization to avoid harassment.
And Obama and the Liberals know It's Now Or Never. They know they will lose their majorities with the November elections. But the newly elected representatives won't be seated until January.
BEWARE, November to January is considered the "Lame Duck Session." These sessions are typically for minor legislation that didn't get done in the regular session or for big legislation that has wide support from both parties and Americans.
But in this case it's a time for Obama and the Liberals to bring on board everything on their wish list because they know It's Now Or Never.
And there is nothing Americans can do to stop it except put pressure on current elected officials not to further destroy this country by pushing through a raft of far-reaching laws that will increase our debt, regulate, tax and more deeply annihilate our economy.
I ask you to contact your current representatives, both Senate and House, and tell them you want NO LARGE LEGISLATION SHOVED THROUGH IN THE LAME DUCK SESSION. My web site www.americasmrsright.com has links to the Senate and the House.
It's imperative that we stay involved and vocal leading up to November, and then January, and thereafter for eternity. Americans will never go to sleep again.
There's Obamacare which puts the feds in charge of 1/6 of our economy, driving prices up, driving competition out, and driving quality down. A bill that Nancy Pelosi said we'd have to read to know what was in it. A bill that adds 17,000 new IRS agents to administer the monstrosity. A bill that most in Washington didn't read before voting to pass it.
There's the one trillion dollar "stimulus" bill that miserably failed to reduce unemployment, but instead increased it. A bill that contained billions of dollars in wasteful spending and thousands of pork projects. A bill that almost everyone in Washington didn't read before voting for it.
There's the supposed financial "reform" bill regulating every aspect of our financial life and imposing massive fees (can you say "taxes") on everything we do financially. A bill that its sponsor, Sen. Chris Dodd (D-CT), admits are "unknown" and stated that he didn't read it before voting for it. For Crying Out Loud, he sponsored it and he doesn't know what's in it?
And then there's creation of DEBT on a scale unknown in the history of the entire world.
No one can comprehend what the consequence of this massive debt will be on Americans and future generations. They have put us on a mad dash to economic ruin.
AND SO IT'S "NOW OR NEVER," AND THE HANDWRITING IS ON THE WALL.
They know how angry Americans are, and they realize their power will be gone in January when a new Congress will be seated.
But the Obama Fantasy Cruise has other things they'd like to bring on board before the ship sinks.
Cap and Trade, which is nothing more than a license to cheat and steal. This will include additional bans on any and all oil drilling in the U.S. It will cost families thousands of dollars a year in taxes and cost more than a million jobs.
Amnesty for illegal aliens disguised as "comprehensive immigration reform." This will keep taxpayers shelling out billions in social services costs, create millions of new "liberal" voters, and encourage millions more illegals to stream across our borders and wait for the next "amnesty."
Value Added Tax (VAT). This is a tax added to everything produced in this country at every stage of production. It is a huge tax for all Americans. It's another convoluted tax added to the already convoluted confiscatory tax system we currently have.
Card Check. Obama and the Liberals want this badly. It's a plan to take away secret ballots in elections where workers decide whether to unionize. Non-secret ballots create a climate of intimidation and coercion, forcing non-union workers to vote for unionization to avoid harassment.
And Obama and the Liberals know It's Now Or Never. They know they will lose their majorities with the November elections. But the newly elected representatives won't be seated until January.
BEWARE, November to January is considered the "Lame Duck Session." These sessions are typically for minor legislation that didn't get done in the regular session or for big legislation that has wide support from both parties and Americans.
But in this case it's a time for Obama and the Liberals to bring on board everything on their wish list because they know It's Now Or Never.
And there is nothing Americans can do to stop it except put pressure on current elected officials not to further destroy this country by pushing through a raft of far-reaching laws that will increase our debt, regulate, tax and more deeply annihilate our economy.
I ask you to contact your current representatives, both Senate and House, and tell them you want NO LARGE LEGISLATION SHOVED THROUGH IN THE LAME DUCK SESSION. My web site www.americasmrsright.com has links to the Senate and the House.
It's imperative that we stay involved and vocal leading up to November, and then January, and thereafter for eternity. Americans will never go to sleep again.
Labels:
agenda,
cap and trade,
card check,
Chris Dodd,
consumer debt,
economy,
immigration,
Lame Duck Session,
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Obamacare,
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stimulus bill,
unemployment,
VAT,
washington
Monday, September 20, 2010
RECESSION IS OVER! CAN'T YOU TELL?
Did you see the "What Have They Been Smoking" headline today? "The Recession Is Over." That's what a panel of experts charged with determining these things announced. They say the "current recession ended in June 2009."
WOW, ARE YOU FEELING BETTER NOW?
Or are you one of the millions of Americans looking for a job, or worried about losing your job? Have you had your hours or wages cut? Do you have that squeeze in the pit of your stomach because things are so insecure?
Reported unemployment stubbornly remains at 9.6%, but the real jobless rate is 17.5% as reported by CNBC. If you are not part of this statistic today, you could be tomorrow.
Maybe you are one of the 2.6 millions Americans who have lost their home to foreclosure, or maybe your home is worth 30-50% less than you paid for it, or maybe you are behind in your mortgage payments like one in four Americans are? Or maybe you live in a neighborhood blighted by abandoned homes and therefore you can't sell yours?
Or maybe you have been forced to default on consumer debt and have filed for bankruptcy. A record number of bankruptcies are being filed every month.
Or you might be struggling to feed your kids, keep a roof over their heads, keep them healthy and educated, all while your purchasing power is in the tank and sinking fast.
These statistics are appalling, and economists are projecting that unemployment will not come down significantly anytime soon, and there will be record foreclosures for at least another 2 years.
We have the highest POVERTY RATE (43.6 million Americans living on wages below $22,000 a year) since the only other recession that lasted as long as this one has. That one was called THE GREAT DEPRESSION.
So while the hallucinating panel members can bend their statistics to make it appear "the recession is over," out here in the real world it sure doesn't feel like it.
This recession won't be over until our government gets its financial house in order, and that won't happen until the current crop of Washington Elites is FIRED. Until then we have to hang together and help each other as much as we can. As Americans we are all in this together.
WOW, ARE YOU FEELING BETTER NOW?
Or are you one of the millions of Americans looking for a job, or worried about losing your job? Have you had your hours or wages cut? Do you have that squeeze in the pit of your stomach because things are so insecure?
Reported unemployment stubbornly remains at 9.6%, but the real jobless rate is 17.5% as reported by CNBC. If you are not part of this statistic today, you could be tomorrow.
Maybe you are one of the 2.6 millions Americans who have lost their home to foreclosure, or maybe your home is worth 30-50% less than you paid for it, or maybe you are behind in your mortgage payments like one in four Americans are? Or maybe you live in a neighborhood blighted by abandoned homes and therefore you can't sell yours?
Or maybe you have been forced to default on consumer debt and have filed for bankruptcy. A record number of bankruptcies are being filed every month.
Or you might be struggling to feed your kids, keep a roof over their heads, keep them healthy and educated, all while your purchasing power is in the tank and sinking fast.
These statistics are appalling, and economists are projecting that unemployment will not come down significantly anytime soon, and there will be record foreclosures for at least another 2 years.
We have the highest POVERTY RATE (43.6 million Americans living on wages below $22,000 a year) since the only other recession that lasted as long as this one has. That one was called THE GREAT DEPRESSION.
So while the hallucinating panel members can bend their statistics to make it appear "the recession is over," out here in the real world it sure doesn't feel like it.
This recession won't be over until our government gets its financial house in order, and that won't happen until the current crop of Washington Elites is FIRED. Until then we have to hang together and help each other as much as we can. As Americans we are all in this together.
Labels:
bankruptcy,
consumer debt,
default,
Fired,
foreclosure,
Great Depression,
healthy,
jobless rate,
lost jobs,
mortgage,
poverty rate,
recession is over,
statistics appalling,
wages
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