The Latest News about debt limit

A satirical look at how the debt limit applies to just one family. H/T Western Journalism

August 11, 2012: GOP Presidential Candidate Mitt Romney made the announcement that Wisconsin GOP Rep. Paul Ryan is his Vice Presidential running mate for the 2012 Election. PERSONAL INFORMATION Paul Davis Ryan, Jr. was born January 29, 1970, the youngest of  four children of Betty and Paul Murray Ryan.  His father (now deceased) was a lawyer, and his mother is ...

In this video, accountant Hal Mason explains in detail, and so simply that even the most strident progressive will be able to understand, how and why the US faces imminent economic disaster! It is vitally important that we all understand this problem, and what it will take to correct it. The video is about five minutes long.

When obama uttered the words “the private sector is doing fine” speculation ran rampant, declarations occurred and questions abounded. Obedient spokes-fools within the “progressive” Party Pravda remained largely mum, dutifully neglecting or downplaying the story. Conservatives pounced on the statement, speculating aggressively about obama’s lack of perceptive abilities while declaring it to be the biggest gaffe in his presidency. Questions ...

Washington is in quite a dilemma, and it’s quite alarming! This video explains why our budget cannot be balanced.

As the Supreme Court determines whether government can infringe into the depths of our lives, it appears our representatives are leading us toward the creation of global soviets. Where the planning of our lives, commerce, communities and even our health are accomplished through facilitated community groups, centralized planning or the strong arm of the law where only the few in ...

. The Conressional Budget Office (CBO) treated us with some bad, yet expected, news: Another year with a deficit exceeding a Trillion dollars.  In their release, the CBO said: CBO projects a $1.1 trillion federal budget deficit for fiscal year 2012 if current laws remain unchanged. Measured as a share of the nation’s output (gross domestic product, or GDP), that ...

. Congress is fresh off the ‘Great Debt Debate of 2011’, and wasting no time in kicking off Round 2 of this fight.  Today, the US Senate rejected a bill that would have prevented raising the Debt Ceiling by another $1.2 Trillion. CNN.com has reported: A procedural motion to move forward with the bill was rejected in a largely party-line ...

Yesterday the Obama administration announced he was declining the Keystone XL pipeline application due to the Republicans setting an “unreasonable timeline” of February 21, 2012 for a decision. That George W. Bush, still causing problems for Obama!!! Obama wanted to put it off until after the 2012 elections so he could continue to draw campaign money from both sides. As ...

‘Tis the season to be jolly, and if you are Congress, it is also the season to stuff as many pet projects into the next omnibus spending bill as you possibly can. Of course they seem to do this 365 days a year. There is one measure, however, lurking in the recessed corners of Capitol Hill that, I believe, is ...

The Obama administration will reportedly ask Congress later this week to raise the nation’s debt ceiling by $1.2 trillion according to a Treasury Department official. The request is the third of three authorized by the debt ceiling agreement reached last August. The request is expected to come on December 30, the day the debt is projected to fall within $100 ...

I keep hearing that Congress’s Super Committee has failed due to the fact they could not agree on the “spending cuts” and “revenue enhancements” they were “supposed” to make. The sinister truth of this unconstitutional committee is that the perceived failure is actually a successful conclusion. You see, the whole idea at the outset was for failure. The goal of ...

From thehill.com I almost have to laugh at the old car commercials with the loud salesmen and the blinking graphics, “Come in today and save $5,000!!”  You have to know that this type of advertising works because it is still being used.  Ergo, there must still be idiots out there that think they are really saving $5,000 by spending $25,000 ...

Just days after the national debt hit $15 trillion, in what Judiciary Committee Chairman Lamar Smith, R-Texas, describes as the “last line of defense against Congress’ unending desire to overspend and overtax”, the proposed balanced budget amendment failed to pass the vote in the House today. The Conservative Congress members have spent months seeking support for the proposal, saying that this ...

“Wake Up America” is the newest painting by Jon McNaughton. Mr. McNaughton is truly a gifted artist. “We are enslaved to our debt! Wake up, America… before it’s too late.”  Jon McNaughton On the YouTube description, Mr. McNaughton has written these words: