Tag Archives: National Debt

The revolution will not be televised – Intellectual Froglegs S2 – Ep 11

The democrats want a blank check again to spend, and are blaming the conservatives for not being willing to compromise – also accusing them of not being fiscally responsible. Of course, liberals also think that just because ObamaCare is the law, it’s not up for being debated or changed. Joe Dan Gorman suggests the radical concept of not giving in to liberals. Now, we just have to see if the conservatives that are left in Washington take that advice. Of course, there’s also more indictments against the mainstream media.

CPAC 2013 Stands With Rand

Sen. Rand Paul gives hope to the curly–haired.

Sen. Rand Paul gives hope to the curly–haired.

The 40th annual Conservative Political Action Conference (CPAC) held this week in National Harbor, just across the river from Washington, DC, did not appear to be a depressed gathering of Republicans and conservatives still reeling from last November’s presidential loss. There was friendly rivalry between supporters of Sen. Rand Paul (R–KY) and Sen. Marco Rubio (R–FL), but I saw no evidence of divisive infighting and vicious internal attempts to gain mainstream media publicity at the expense of fellow party members.

But then again an impressive contingent of off–duty police officers was probably more than enough to keep John McCain and Lindsey Graham from attending the conference.

The opening day of CPAC 2013 evolved into a faceoff between two potential Republican presidential candidates: the aforementioned Rand Paul and Marco Rubio.

Judging by the crowd’s reception, Paul was the winner.

Rubio — America’s foremost spokesman for regular hydration — did not address immigration, the issue he’s been most associated with this year. Instead the bulk of Rubio’s speech, once we got past the H2O jokes, was fairly standard — although he did touch on the call for a remodeled Republican party.

Rubio said the goal of the Republican Party should be to “create an agenda to apply our time–tested principles to the challenges of today” because average Americans are asking, “who is fighting for them?”

Specifically, Rubio believes the US should be the best place in the world to create middle–class jobs and to facilitate that the country must solve the federal government’s debt and spending problem. Republicans should stress pro–growth energy policies that include both oil and gas. On the home front, he wants every parent to have an opportunity to send their children to “the school of their choice.” And we need real heath care reform that empowers Americans so they can buy insurance from any company, regardless of where the company is headquartered.

The young senator also addressed leftist critics and predicted they will downplay his speech and claim that he didn’t offer any new ideas. “We don’t need a new idea. The idea is called America and it still works,” Rubio responded as the audience applauded.

It would have been the best conservative speech of the day, if Rand Paul had not made an appearance.

It was a standing–room only crowd that anticipated Paul’s appearance and it erupted in applause as he brandished the binders he used during his drone filibuster in the Senate and declared, “I was told I only had ten measly minutes, but just in case I brought 13 hours worth of information.”

Paul — who gives hope to the curly–haired since no one will ever call him ‘blow dried’ — began by explaining that the motivation for his filibuster was to question whether presidential power has limits: “We want to know will you or won’t you defend the Constitution?”

As an audience member called out, “Don’t drone me, bro!” Paul explained that the president’s good intentions are not enough. “No one person gets to decide the law,” he said. And that’s his philosophy in a nutshell: leaders must defend and abide by the Constitution even when it’s not convenient.

Paul then moved to compare his conservative philosophy with that of Obama’s, which has proven to be you can have your cake and eat your neighbor’s, too. He quoted Ronald Reagan who said, “As government expands, liberty contracts.”

With that in mind he proposed a five–year plan to balance the budget. Paul’s blueprint cuts the corporate income tax in half, creates a flat personal income tax of 17.5 percent, erases the regulations “strangling American business” and eliminates the Department of Education entirely giving the power and the money back to the states.

Paul observed without mentioning names that the GOP “of old has grown stale and moss–covered.” His new GOP will need a big tent because it will “embrace economic and personal liberty. Liberty needs to be the backbone of the Republican Party and I ask everyone who values liberty to stand with me.”

And the crowd did, giving him a standing ovation that easily eclipsed the response to Rubio’s earlier speech.

The fiscal cliff could be the country’s cure

imagesCAH96SOT-Harry, Obama, and Nancy2

According to Wikipedia’s definition of the fiscal cliff Americans could suffer a little more short term pain for a lot more long term gain. Americans are used to suffering these last four years so what’s another few more?

The fiscal cliff by their definition is a number of different laws which if left unchanged could lead to tax increases, spending cuts, and a deficit reduction. Two out of the three are just what the doctor ordered. It is only the first one that could create a problem.

According to the United States Treasury Department the George W. Bush Tax Cuts are a major part of the solution not the problem. These tax cuts have become the political football for the Democrats to play with. They rail against them because they don’t fit their narrative however when push comes to shove they always vote to renew them. The Democrats never seem to suffer politically because the propagandist’s in the media always provide cover for them.

The Democrats treat the middle class like their red headed stepchildren. They use scare tactics like the fiscal cliff in order to keep voters on edge and loyal to their party. Then when the time is right they trash Republicans as being obstructionists and play the role of savior by saving the middle class from inevitable ruin by renewing the tax cuts. The best actors and actresses are not in Hollywood. They are in the Democratic Party.

The Bush Tax Cuts are not just a political football for Republicans to kick around; they are sound fiscal policy. They are proven job creators and have been tremendously beneficial to the middle class by shifting a larger share of the individual income taxes paid from lower income earners to higher income earners. These tax cuts have actually helped and in some cases even eliminated the tax burden on lower and middle income Americans. It is for this reason that these tax cuts need to be made permanent and a mandatory part of the negotiations. For more on this see this article. http://www.examiner.com/article/how-to-end-the-class-warfare-argument?cid=db_articles

The second part of the fiscal cliff is spending cuts. Do you hear the crickets? Of course spending cuts! The last time I check our deficit was almost 17 trillion with a capital T. Our government has been spending more than it has been taking in for years and it needs to stop. We need to cut all the wasteful programs out of our government and the ones we keep should be returned to the states where they could be run more efficiently.

Another thing we can do is to immediately restore the work requirement for welfare. Ronald Reagan once famously said, “Welfare’s purpose should be to eliminate, as far as possible, the need for its own existence. He then goes on to say, “The best and most effective social program the government can help create is a job.” Reagan left no ambiguity as to how he felt towards big government when he famously quipped, “In this present crisis, government is not the solution to our problem; government is the problem.”

Being on welfare should never be a permanent financial solution for anyone. Removing the work requirement just adds to more government dependency which is exactly what most in the Democratic Party want. This policy is bad for the economy because it dramatically increases spending and allows recipients to become more complacent and ultimately makes it that much harder for people to get off of welfare. When government can’t solve a problem, they throw taxpayer’s money at it. Unfortunately for us it doesn’t provide solutions; it only exacerbates the problem.

The third part is deficit reduction. A constitutional amendment for a balanced budget would be a great start. If the Republicans were smart they would be bringing this up as a mandatory part of the negotiations. This is a winning issue and right now the Democrats are winning the fiscal cliff argument.

A balanced budget amendment to the Constitution will make future battles over fiscal policy much more transparent and opaque. The Democrats will not be able to move the goal posts like they do now and Republicans will be able to restore some resemblance of fiscal sanity. In addition, Republicans ought to be exposing all the horrible taxes that are just around the corner from the health care bill. If the Republican Party uses what little left they have in political capitol correctly than they can bypass the media and get the public on their side. A minority in Congress and a majority in America can create a majority in Congress.

Rather than raising taxes on job creators Republicans would be better off just letting the Democrats drive us over the fiscal cliff. By allowing this to happen maybe the American people will finally wake up and realize that liberal policies do not work. Republicans could than be in a stronger position to win in 2014 and beyond. The Republican Party and more importantly the country would benefit in the long run.

Republicans need to stand firm and call the Democrat’s bluff on the fiscal cliff. The Democrats will not allow the Bush tax cuts to expire. They know that if that happened the economy would go into an immediate recession. For political reasons if nothing else they won’t let that happen. However if it did happen along with spending cuts and a deficit reduction you would have the makings of a real recovery. And as the famous Meat Loaf song goes two out of three ain’t bad.
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After Nearly 4yrs Obama: Here’s My Jobs Plan

Maybe this time it will work? Maybe this time the jobs will actually be ‘shovel ready’?

After three years and ten months President Obama has finally found the jobs plan that will get this country back on the right track. Or so he says.

LA Times: DELRAY BEACH, Fla. — President Obama unveiled a glossy new 20-page magazine on his plan for the country Tuesday morning, waving it before a crowd here and pledging it will “actually move America forward.”

The new document is based on the case Obama has been making for his reelection for weeks now and includes charts reflecting positive economic data and an outline for strengthening the economy. The Republican National Committee dismissed it this morning as mere “repackaging,” and Romney spokeswoman Amanda Henneberg said it was just a collection of “failed policies.”

“The president is just doubling down on the same policies that have led to a stagnant economy, greater government dependency, and trillion-dollar deficits,” Henneberg said. “Mitt Romney has a ‘Plan for a Stronger Middle Class’ that will create 12-million new jobs, lift people out of poverty, and deliver a real recovery to the American people.”

CNN news anchor Erin Burnett took a look at the new plan. She’s impressed with the high gloss paper and finds it pretty to look at but she also thinks it might just be more of the same. A plan without real job creation, one with questionable math and a plan that includes actions already in the works.

Team Obama admits that this is a last minute ploy to attract voters. The 20 page pamphlet  will be mailed to 3.5 million  households and millions more are expected to be  handed out door to door.

Take a look at this clip and share it with your swing state friends who still might be on the fence.

And if you want your own copy get it here.

U.S. National Debt is a Threat, Veterans Say

ARLINGTON, Va., Aug. 14, 2012 /PRNewswire-USNewswire/ — Admiral Mike Mullen, Chairman, Joint Chiefs of Staff said last year that, “The most significant threat to our national security is our debt…” and a new poll sponsored by Concerned Veterans for America and conducted by The Winston Group, reveals that the majority of military voters agree with his statement and believe debt is a growing and insidious threat to our national security.

Pete Hegseth , CEO of Concerned Veterans for America said the following:

“It’s not surprising that the majority of military voters are aware of Admiral Mullen’s powerful statement. Our warfighters and veterans understand that our military might comes from economic strength. That’s why we’re fighting for policies here at home that will preserve the precious freedom and liberty we risked our lives to defend.”

Key findings:

  • Concern about the future of the U.S. economy is reflected in military voters’ views that economic threats are greater dangers to national security than terror threats.

    Greatest threats to national security (combined first and second choices):

    •      Economy – 42 %
    •      Debt – 30 %
    •      Cuts to the military – 30 %
    •      Traditional powers like China, Russian and Iran – 30 %
    •      Foreign terror groups – 29 %
    •      Cyber terror – 14 %
  • 54% of military voters were aware of former Chairman of the Joint Chiefs of Staff Mullen’s statement the national debt was the most significant threat to our national security. There was a clear agreement with his statement in that 71% agreed and only 20% disagreed.  Among those who agreed, 46% strongly agreed.
  • There are serious concerns about where the U.S. is headed both longer term and with economic threats to the future of the country. In thinking about the U.S. economy in the next 20 years, 54% believe the economy will either be weaker (34%) or about the same as it is now (20%).
  • Takeaway: Military voters view the economy and fiscal issues as part of the overall security of the country, are clearly interested in the national discussion about the economy, and are looking for solutions to address the economy and debt.

This survey was conducted  July 18-22, 2012  and the results noted above are from 800 military voters both veterans and active duty.

Speak Up Young America!

At a recent graduation speech President Obama challenges students to speak up, to march, to lobby and to vote. In 2008 many students were drawn to Obama’s Hope and Change ideals.

Today more high school and college age young people are realizing that entitlement programs are not free and that the national debt will fall onto their shoulders. One group of high school students has organized in concern for the growing debt. Their website S.O.S. Liberty invites other young voters to join their fight for fiscal responsibility.

On their website is a short interview where the organizers of this group articulately explain their concerns and positions. They stand in sharp contrast to the Occupy Wall Street protesters.

 

I encourage you to visit their website and share it with your young friends. The future of this great country will soon fall into their hands.

Positive economic news masks worsening crisis

Positive economic numbers touted this week conceal the inevitable crisis soon to strike the United States. Indicators like unemployment, job creation, and stock market valuations are showing signs of recovery, according to many experts. Official unemployment numbers are down, stocks are up, and more jobs have been created in recent months than predicted. Plus, some financial analysts are claiming that US markets are less exposed to Europe than previously thought, meaning the mess in Greece soon to be the mess in Italy, Spain, Portugal and eventually the rest of the euro zone, will have much less of an effect on the US economy than feared.

On the surface, this may appear to be good news, but America’s economy remains in terrible shape, plagued mainly by enormous debt that no one – neither Republicans nor Democrats – are prepared to deal with, yet. So what?

Whenever the debt issue is mentioned people react in one of two ways: they either grimace in pain, knowing financial calamity will befall us sooner or later, or they blithely dismiss it as a non-issue, attacking those who fear the worst as ignorant reactionaries unfamiliar with central banking or macro-economics. So what is the truth, which view is correct?

The truth is that debt matters, and has throughout history. Just ask the Greeks right now. Or ask the Argentinians and Mexicans, countries that defaulted within the last 20 years. To find examples of default we don’t even need to look beyond American borders. This past decade alone cities like Harrisonburg, PA and Vallejo, CA have declared bankruptcy, and yet another California city Stockman, is on the verge of bankruptcy as we speak. Even Orange County, CA defaulted, though that happened almost twenty years ago in 1994.

Of course, many of these defaults like the bankruptcies on Wall Street can be quickly salvaged by higher level government support. As long as some level of government can come to the rescue and infuse credit where it is lacking, perhaps things will be ok. Unfortunately, going forward this is less and less of an option. After years of overspending, whether for pensions, union contracts, healthcare, or to combat the recession, America is systemically in debt. Basically, every level of American government and society is in the red.

The mountain of debt piling up in Washington is only part of the story. Everyone knows that the federal government has amassed trillion dollar debts, and is on the hook for tens of trillions more in unfunded liabilities. But the real crisis is at the state, local, and private levels. States are in bad financial shape, strained by rising pension and operating costs coupled with falling revenues. Municipal finances may be the worst. Municipal debt has doubled over the last ten years, which means cities and towns are facing huge cutbacks state governments will be unable to cover.

Then there is consumer debt. Consumer debt is nothing short of gigantic. Since the 1980s US wages have been relatively stagnant, so families across America financed higher standards of living by going into debt, using credit cards or taking out loans. It is hard to estimate the exact amount of consumer debt but some studies report numbers as high as 100 trillion and some say higher. Again, this means that consumers have to save not spend to deleverage, and standards of living will drop as a result, probably for a decade, if not longer.

So if debt matters, and America’s debt is so huge, why hasn’t there been a crisis yet? Part of the answer, ironically, is debt. The only reason America has not fallen into a deep depression is because the US government and to a lesser extent states and municipalities continue to find markets for their bonds, enabling them to continue borrowing. To support this effort the FED has maintained extremely low interest rates, keeping credit cheap. So America’s sluggish economy continues to crawl forward, using debt to finance its debt.

Nevertheless, taking out more debt to finance debt only increases the amount of debt. This is a game that always ends badly. At the moment, let’s refer to the end game as the “Keynesian endpoint,” the point at which America’s revenue will be entirely devoted to paying down debt service (making interest payments), sending investors running for the hills. This idea has been coined by Kyle Bass, a hedge fund manager famous for seeing the subprime mortgage crisis ahead of time and betting accordingly. His sober analysis leads him to conclude that Americans should invest in “Guns and Gold.”

This may sound ridiculous, but it isn’t. There is a massive debt crisis coming, one that has only been worsened by more government spending and the FED’s easy credit monetary policy. Be prepared for a situation worse than Greece. America’s dependency is at an all-time high. According to a recent Heritage Foundation report welfare rolls, public housing assistance, healthcare and retirement, and overall spending on dependency programs accounts for 70% of Federal spending. Meanwhile, states and cities are laying-off government workers, cutting back on police, and reducing basic services. And millions of people are out of work, in debt, or both, making them particularly vulnerable when the crash comes.

To be blunt, America is headed for tough times ahead, something that can no longer be averted, only softened or worsened. The silver lining might be that default leads to recovery, however difficult. But the longer Washington and FED Chairman Bernanke delay the deleveraging process to preserve the status quo, the more painful the recovery period will be.

Cameron Macgregor is a former naval officer and USNA graduate. He is writing his first book, America Resurrected.

Obama 2012 Holiday Message: Children vs Parents (Part 1)

I need votes in 2012 ! Now go home for the holidays and convert your parents into Obama-supporters kids!

President Obama and his campaign managers showed how desperate they are to retain the White House in 2013 by releasing a video that was based on having children convert their parents and other family members into Obama voters over the holidays. The Josef Goebbels-like title of said video? Home for the Holidays: Share Why You’re Working to Re-elect President Obama. How many of those young adults seen in the above video are on the taxpayer-funded payroll there? Are they earning a living with paychecks signed by the DNC, Obama2012, or maybe big money manipulator George Soros?

I see one of the youngsters in the reelect Obama campaign video stating that Obama is their President, and that he believes that Barack Obama represents “their generation” Let’s take a look at just how well Obama is representing “their generation” shall we?

Of course any discussion about how well President Obama is doing after three years in office must start with the National Debt Clock that shows us as having $15.16 Trillion dollars of debt as of right now. Does the “Obama-generation” not understand what that amount of U.S. debt will do to their future?

Millions of uninformed youth are discovering that after three years of hope and change in America, there are no jobs for many college graduates that are now strapped with hundreds of thousands of dollars in student loan debt. College graduates are now discovering that due the the prolonged Obama-led recession by job-killing policies like denying the building of the Keystone pipeline, the enforcing of a drilling moratorium in the Gulf of Mexico, $700 billion dollars worth of Union payoffs and graft known as the stimulus package, and the ever-popular pumping of billions of taxpayers dollars into such failed green energy projects as the Chevy Volt, these Obama-generation uninformed minions are left with very few employment options in the near future. What is the solution? How about having them stay at home with Mommy and Daddy until they are , oh say, 27 years old? While we are at it, let’s mandate that the parents pay for their health insurance through Obama-care. With so much time at home with Mommy and Daddy paying their way in life, this will give all of these Obama-workers (without real jobs that earn a paycheck) plenty of time to convert Mommy, Daddy and cranky old Grandma into Obama-voters. Be careful kids, because with all of those attempted hope and change conversions, there will certainly come a big heaping helping of reality. End Part1.

In part 2 of the Obama 2012 Holiday Message: Children vs Parents we will examine a few examples of a hypothetical holiday conversation between those “stubborn and set in their ways” old parents and the new generation of hope and change operatives. Part 2: Tommy Attempts to Convert the Family into Obama-Supporters at Christmas Dinner.

Next: Part II

We can't cut the debt just by cutting spending…

The U.S. national debt can’t be trimmed by cutting spending alone. That is the illogical and easily-disproved lie circulating through the main stream media.  It’s a mantra that is repeated… over, and over, and over.  Considering that this claim is at the core of the current progressive demand for tax increases, it’s sad that only a handful of fiscal conservatives are taking people to task on the complete dishonesty of the position.

Keeping this as basic as possible so that even the political establishment types in Washington might understand it – if we keep cutting spending until the government spends less in a year than it receives in taxes (innovative concept!) and then we apply the money that’s left over to our debt, that will actually lower the national debt.

So hypothetically, if the government collects $2.5 trillion in taxes this year and our politicians could manage to squeak by on spending only a measly $2 trillion,  the debt could be lowered by half a trillion dollars. No kidding, I did the math on it myself.

Nowhere in that equation was there a need to mention raising taxes.

There is one catch in this plan that should be explained for the political elite.  “Cut spending” does not mean a smaller increase in spending than the one politicians had budgeted for.  “Cut spending” means actually spending less this year than last year.

As this oh-so complicated example shows, it is possible to lower the national debt just by cutting spending.  The problem is that it requires cutting spending in areas that the leaders of both political parties don’t want to cut.

A quick look at the U.S. debt clock shows that the country is quickly being spent into oblivion.  To avoid an economic catastrophe, some tough decisions are going to have to be made – it’s time for members of Congress to put on their big boy pants and start acting like adults.

Of course, if anyone ever does try to cut spending enough to lower the national debt, that effort will immediately be met with sob stories about all the people who will be hurt.  While it’s true that some people might be temporarily hurt by massive spending cuts, the cuts themselves aren’t to blame for the hardships they case.  The real problem is the progressive politicians who made people dependent on government in the first place.

Unfortunately, that is the situation we’re in if we want to keep the country from collapsing under all this debt.  If we don’t make some uncomfortable cuts in government spending, we’re all going to feel a much greater pain… and soon.

U.S.Treasury Announces 2011 Budget Deficit- 2nd largest in History

The U.S.  Department of the Treasury formally announced this week that the United States budget deficit for the year 2011 was the second largest in U.S. history at $1.299 trillion dollars. The first place award for the irresponsible-spending-and pushing-America towards insolvency-award still belongs to…Barack Obama‘s first year in office of 2009. ($1.412 trillion was borrowed that year to pay for our over-spending, also known as the deficit) The 2011 budget deficit barely beat out Obama’s 2010 budget deficit of $1.293 trillion for second place on the all-time historically ludicrous budget deficit-spending charts during Obama’s regime. 3 years in office- over $4 trillion dollars of debt racked up.. to be slapped onto the backs of our children and grandchildren, while said kids are being encouraged to still chant “Four more years” at Obama rallies today.  The question that should be asked of these kids today, should be more like, “Can America’s kids afford four more years of trillion-dollar-plus deficits? ”

To put this into proper perspective, G.W.bush ran up a total of approx. $1.49 trillion dollars of debt in his first three years in office, which Barack Obama did in his first year alone, while in office. Barack Obama has effectively tripled our yearly budget deficits since day one of taking over the White House. Deficits that we are borrowing money from other countries in order to to pay for.

Under the current debt-spending scenario of Obama and his irresponsible Liberal minions in Congress, “Four more years” will result in a total of around $10 trillion dollars of child-enslaving debt if Obama gets 8 total years in office. Here is a thought for our youth today: Instead of chanting “Four more years” at Obama rallies, why not try chanting the truth, as in “10 trillion dollars of more debt is what we want” because that is what you are going to get if you do not get your heads out of the sand and pay attention to what is going on in America today. The undefined Hope and Change” some fools voted for in 2008 is now being exposed as “Choked by  (big government)  Chains”  if you actually pay attention to Barack Hussein Obama’s big- government- debt-spending policies of the past three years.

2012 just can’t get here fast enough.

Driving Off the Debt Cliff… in a Chevy Volt

 There was a reappearance of the totally-debunked Nancy Pelosi debt chart recently which numerous economic institutions had already deemed it a blatant fallacy with no basis in reality. Politifact gave it a "pants on fire " rating, as in the  "liar,liar pants on fire" chant we used to say as kids when we caught a friend in a blatant lie. Pelosi’s office manipulated the data and applied it incorrectly, yet that never stops the Liberal propagandists in re-telling the lies over and over again. Recently, Pelosi’s debt chart fallacy has been trying to make a comeback.. of sorts.. We can also expect this pack-of-lies-chart to be used heavily in the 2012 elections, which shows just how desperate Progressive Liberals are in facing the consequences of their massive debt spending of the past 5 years at the upcoming polls. Since all government spending legislation must originate in the House of Representatives, ( supposedly, but even that law is broken frequently today) the truth in debt numbers can be easily derived by looking at the debt-spending under past Speakers of the House. The Speaker sets the agenda and gives the orders for all spending bills under their time as the leader of the majority in the House. The last two years of G.W. Bush’s Presidency were in fact, under Nancy Pelosi’s rule in the House. (2007, 2008)  AJC’s Kyle Wingfield recently penned an article titled,  The Debt Charts Nancy Pelosi doesn’t want you to see. In it we see just which Speaker of the House was the biggest debt-spender, hands down:

Source: Office of Management and Budget, "Table 7.1—Federal Debt at the End of Year: 1940–2016"

The above chart shows the increase in debt as % of GDP, or Gross Domestic Product. Common sense economics dictates that as revenue increases, spending increases along with it, so this chart speaks volumes about the ex-Speaker Pelosi’s debt explosion under her period of House rule. When Liberals try to attack this debt-chart, their main rhetoric always includes the supposedly unfunded wars of G.W. Bush. That nonsense is debunked by the simple fact that while Liberal Democrats ruled Congress, ( both Houses 2007 -2010) not only did they not pull our troops out of Iraq and Afghanistan, but their fearless leader started another war in Libya in which we supplied the bombs and majority of funding while hiding behind the NATO mantra. Considering that Obama didn’t even confer with Congress before our billions of dollars in bombs started dropping on Libya, how does that fit into Pelosi’s Pay-Go (supposed) rule? Kind of hard to have Congress pay as they go when they learned of the initial bombings, pretty much after they had already begun, isn’t it?  Yes wars cost a lot of money yet how about asking Barack Obama, Harry Reid and Nancy Pelosi about "The Unfunded Wars" of the past 5 years under their rule just once? While you are at it, how about asking them as to why this country is running without a budget for 3 straight years now,  which is illegal according to The Congressional Budget Act of 1974 ?  

 

DECLARATION OF PURPOSES
SEC. 2. The Congress declares that it is essential—
(1) to assure effective congressional control over the
budgetary process;  
(2) to provide for the congressional determination
each year of the appropriate level of Federal revenues
and expenditures;
(3) to provide a system of impoundment control;
(4) to establish national budget priorities; and
(5) to provide for the furnishing of information by
the executive branch in a manner that will assist the
Congress in discharging its duties.

 

As is the pattern recently in the Liberal Congress, it has been the "lets pass this bill now so we can see what’s in it" path to fiscal insolvency, and just worry about how to pay for it later.   If we look at the amount of debt increases in the above chart, we see that we were cruising along the highway of prosperity  on the Cadillac express under GOP Speakers, and now we are on the highway to debt hell in a Chevy Volt, largely due to Nancy Pelosi’s Liberal rule of the House during the past 5 years.  Speaker Boehner’s spending is not in the above chart, simple because he hasn’t been the Speaker for a full year. ( He is also being stymied at any chance of enacting any form of budgetary sanity by  Liberal obstructionist Harry Reid in the U.S. Senate.)

   We are heading for a huge economic crash due to the irresponsible debt-spending of the past decade. To make matters worse, when we drive off of the debt cliff, we will not be doing so in the relevant comfort and safety of  the once mightily-fortified-by-American-steel Cadillac’s of yesteryear, where our chances at surviving the crash are a lot better than when we hit the bottom of the debt cliff…. in a Chevy Volt. ( IF there is enough affordable electricity available to even plug in your Chevy Volt, which is very debatable considering the fact that  massive, over-reaching green energy regulations are prohibiting affordable energy production throughout America today) Not to worry, if Liberals and their save-the-planet-through- crushing-our-economy bed-pal political activists get their way, we can just ride the high-speed rail off the debt-cliff. 

     

 

 

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