Posted on 10/29/2009 8:33:00 AM PDT by bestintxas
The Associated Press noted last week that the federal deficit reached a record $1.42 trillion for the fiscal year that ended September 30. Up until now, most of the mainstream media have either ignored the exploding deficits or declared them a good thing, since they were supposed to lift us out of the recession. But now that the full figures have come in even some Obama-friendly media stalwarts are struck by their enormity.
This awakening is heartening. The AP report does a good job of putting the deficit number against some other figures to give a sense of scale. The government’s shortfall last year, AP notes, is larger than the whole economy of India and more than the combined deficits during this country’s first two hundred years. It is, in fact, almost as large as the yearly economic output of Canada. AP quoted Kenneth Rogoff, former chief economist for the International Monetary Fund, who pointed out that “The rudderless U.S. fiscal policy is the biggest long-term risk to the U.S. economy.”
Rogoff only states the obvious. The gravest threat to this country’s economic well-being is the policies of this government. A Harvard professor and a Keynesian through and through, Rogoff is no right-wing conservative. But after surveying the grim economic picture, even liberals must recognize that the reckless spending of the Obama administration is taking us toward fiscal Armageddon.
(Excerpt) Read more at frontpagemag.com ...
Reagan would have had this puppy of a recession whipped and turned around. Obamao is making it worse. Maybe we should stick with Reagan, and move beyond Obamao.
“Senator Judd Gregg told CNN that “we’re basically on the path to a banana-republic-type of financial situation in this country.” “
Is this a racist comment?
This socialism experiment will exactly when and how all eventually do. When there is no more money to hand out.
He's taking exactly where he and his comrades on the Left has always wanted us, to the bottom. Deliberately. I won't hold my breath waiting for the MSM to report that. They'll continue with the faux head-scratching til the end.
Who said that, Yoda?
The people that pooh pooh the idea of the Amero, and the North American Union, will be shocked...SHOCKED after the failure of the dollar “happens unexpectedly” and this new currency and “bankruptcy reorganization” is somehow ready to be put in play within days...hours maybe. Say thank you to the NWO apologists among the right, like Medved, Prager and good ol’ Newt. They will have nothing but glowing things to say about the organization and planning of our masters.
“The grave they are putting us in is the same grave we will all inherit. Never has America educated so many dumb as@es.”
Reminds me of the grave the liberal educated will have by backing Islam and Shariah.
The first thing the Mullahs would do when they take power is to kill the queers, imprison the elites, enslave all women and ensure everyone carries around the Koran.
Liberal strategy = Darwin Award material
Job You Are All Doing”
Also thought you might get a kick out of the enclosed and, perhaps,
assist toward my efforts of getting this truth into the mainstream media.
The material concerns four websites (Links Below) who were kind enough to post my research & conclusion regarding the assassination of
President John Fitzgerald Kennedy.
A tragic event where I believe lies the catalyst to all the woes we, as Americans,
are experiencing today.
The most recent site to post hails from France. 4th Link down. The most comprehensive info is contained within the 1st link.
Definitely calls for a nice slice of “une charlotte” topped
with a hefty topping of “aux fraises”...
(Chocolate Pudding Filled Sponge Cake & Strawberries)
And, of course, regular coffee on the side...
“Semper Fi’,
(Always Faithful)
Mike
PS
If you have any trouble accessing the below links,
go to either the “MSN” or “BING” search engine, type in the key words,
James Jarman, Jr., Assassin, and click on...
Catch ya’ later
“There is a time for all things, a time to preach and a time to pray, but those times have passed away. There is a time to fight, and that time has now come.”
—Peter Muhlenberg, Virginia, 1776
The John F
Essay by Michael Regan
James Jarman Jr. - The Education Forum
* La solution James Jarman
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