Journalists are Largely Wrong on Debt Ceiling

Going from meeting to meeting I often find myself yelling at the radio. At home, I’m shaking my head while some pundit espouses nothingness. Online is no better – the main stream media is nothing more than an expensive commercial for one political party or the other and none of them seem to be getting it right.

On my way home from the gun range today, I heard a local news report (on a Conservative radio station) that ended their 10 second piece on the debt ceiling with “.. and the United States edges ever closer to default on its debt”. What .. a .. CROCK!!

August 2nd has nothing to do with defaulting on the national debt. The government takes in more than enough in revenues to service the interest on the debt, pay seniors their social security and pay medical claims for Medicare beneficiaries. The United States of America is in absolutely NO danger of defaulting on its Treasury bonds – none, nada, zilch, zero.

Why aren’t those highly-paid journalists doing their homework? That’s easy. If the debt issue had no threat of causing the end of the world, it would’t be news. Main stream America does not pay attention to politics unless there is something that the media tells them might destroy their lives.

What the media is missing is that there is an all-consuming beast. A true boogie man – we’re broke. Not college-days, scrounging for beer money broke – totally and completely out-of-money type broke.

If we pay social security, Medicare and the troops we have next-to-nothing left. Either we decide that the government will only do those things and all other programs (FAA, FCC, DoE, Education, DEA, FBI, CIA, NSA, etc) would be closed down forever – or- we reform entitlements because we know some of those other things are necessary.

The IMF is now begging for more money from us because they fear that Spain and Italy are soon to follow in Greece’s catastrophic footsteps. What the talking heads aren’t saying is that America isn’t far behind any of them. The government is spending billions more than it takes in every month – why isn’t this news?

We cannot have it all. There is no utopia. Tough choices must be made and the time is now, despite what the main stream media says. Americans will not have all the programs they currently enjoy. We are broke.


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Rich Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Bald Eagle Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

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One Comment


    July 28th, 2011

    Mr. Obama, you were elected to be the leader of this United States, to defend our Constitution, our sovereignty, the rule of law and promote the economic and welfare of the American people. Americans voted for you because your promised of big changes in American policies and the eradication of the corruption that made Washington the cesspool of traitors, that for years they sold the integrity and values that their position as representatives of the people, command.
    Mr. Obama you know and the whole country knows, that you are nothing but a big mouth, talk but not action, you promise but never deliver, you are ignorant of the damage you done to our country, with your expending policies, to get this country out of this economic mess, you said that you are a professor of the US Constitution and at will you trash our constitution and the rule of law. Now you are expending your time vacationing and playing golf, while our country is going down to a sure destruction, you demand for congress and the senate to do your job, where is your budget? where is your leadership to resolve this economic mess?.
    Mr. Obama, we need to make this very clear; you work for us, we are the American people that voted for you because you promised that you will take our country out of this mess and make Washington responsive to the people of this United States. Mr. Obama we the people is your Boss and you must listen to we the people; please do not betray us any more because we have enough and we are not going to take any more, do not push our country into a revolution.
    Mr. Obama this is what we the people want you to do, you are not to be play with us, you must do what is right for the American people or there will be consequences. your 2012 budget proposal projects a deficit of $1.6 trillions Dollars; while you are proposing to cut $1.1 trillion Dollars in deficit over the next 10 years. Mr. Obama is this a joke?

    Mr. Obama, these are the policies that must be accomplished now to get our country on the right path:

    1- Cut expenses, we need to cut 1.5 trillions Dollars per year- Balance the US Budget – and increase our expending ceiling only to pay for the interest on our national Debt. not increase expending should be done to cover any other expenses.
    2- Re-store the Social Security Trust fund, money barrow from the Trust fund must be pay back and not money collected under the 1935 Social Security act. should be transfer to the general account to be use by congress on other policies.
    3- Jobs and commerce produce taxes to meet our country expenses, our position on this issue and create the jobs this country needs to meet their financial obligations is:
    a- Revise our free trade policies and the outsourcing of American jobs. this country must stop globalization, because it will destroy America. Free trade only benefit the multinational corporations, the world banking system and the corrupt politicians that will become puppets of the elite of the new world order.
    b- Enforce our immigration laws and secure our borders, illegal immigration is our biggest threat to our national security and the biggest burden to our communities. We are not racist, we know what we are, “Americans with a great concern for our future and the future of our children”. The invasion of illegal aliens, is a great economic burden and a threat to our national security.
    4- End the wars in Afghanistan, Iraq and Libya, our country do not have any business in dictating policies in any other foreign country or engage in overthrowing governments because they do not conform to our strategy to get their natural resources or their oil. The best policy for peace, is respect to other countries rights to self determination. We are the biggest Hypocrites, for years we supported Dictators and the worse of the worse violators of civil and human rights when is convenient to what we want from them; we became a country without values nor principles that is why the world hate our government, not the American People. You Mr. Obama, cry for national security while you promoted open border policies and order the Border Patrol not to enforce the laws.
    Mr. Obama, these policies will reclaim our country and get us going on the path of prosperity. We the people is convince that continue expending money we don’t have, will destroy our country’s economy and the future of the American people, we are asking all the Washington politicians not to compromise, because; we will never compromise or sell out. We will never become what they are; traitors that their only interest is their job security, knowing that their actions will destroy our country and the future of the people they represent.

    Juan Reynoso
    San Antonio, Texas

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