Nov 18 2009
Liberal Spending Has Bankrupt This Nation
Our national debt is now $12 trillion dollars – or $40,000 for every man woman and child in the country. For a family of four that is $160,000 dollars you owe Uncle Sam because Uncle Sam is a drunken sailor who has no damn self control or respect for your hard earned money and your real needs.
President Obama and the liberals running Congress added over 10% ($1.4 trillion) of that debt in the last year, and they could possibly add another 15% ($1.8 trillion) next year.
I read this last night and thought…
http://www.riehlworldview.com/carnivorous_conservative/2009/11/wll-debt-signs-be-springing-up.html
War Bonds to finance the World War II.
Surely, nobody from the federal government can’t even think about selling us…Peace Bonds to pay off the national debt????
Would I buy peace bonds? No way in hell!
I watched Glenn Beck last night and he talked about this very topic. But he wasn’t kind to Bush either in spite of the fact that Obama spent two trillion so far this year and the CBO expects Obama to spent another two trillion in year 2010. And THAT is based on the FY 2010 budget plan approved early this year.
Obama made a comment last week that he will strongly suggest in his 2010 SOU to Congress that they cut domestic spending.
I laughed when I read that.
No way in hell can he and the Democrats cut back on their spending. Not especially if they are this close to passing the Health Care bill.
The Chinese government officials saw through Obama already. Obama is being challenged more and more every day.
Drudgereport has it up that he is close to making a decision on Afghanistan. Then I opened up the article, it says…imminent in a few weeks.
Yeah right.
Lurker, I never watch Glen Beck. But, one of the economics and finance blogs I read regularly (Karl Denninger at Market Ticker) strongly recommended the first three segments from last nights show.
http://market-ticker.denninger.net/archives/1640-MUST-WATCH-Glenn-Beck-And-The-Dollar-Carry.html
Denninger includes the Youtube embeds. Beck and his two guests are right on and describe the impending collapse of our currency due to ever increasing debt. The three vignettes come to about 25 minutes. They are well worth it.
As Lurker points out, the Chinese are asking how we expect to pay for this health care plan. You would think that would be getting nationwide play in the media. But, it is being studiously ignored even on CNBC (or maybe on CNBC because GE does not want to rock the boat).
Rick