Sen. Gregg: Obama Bankrupting Nation, American People Face 'Horrific' Future

Tuesday, February 16, 2010 | Kristinn

[Smokin' Joe]

I think a Great Fall is going to happen no matter who controls the Congress next year.

As I have stated to prospective candidates: The Republicans and other Conservatives had better have a plan in place for when the Democrat's economic horror show begins as the repercussions of current bills and future programs kick in, or they will get the blame, especially with a hostile media.

I think that has been part of the plan all along, to enact programs which will kick in after they lose the Congress and perhaps the White House.

Their replacements had better stop the bleeding, debriede the Government (get rid of the dead weight), and close the spending floodgates in the first 30 days or all hell will break loose, with the perpetrators 'safely' out of both office and the public (media) eye.

[GeronL]

The GOP is simply not going to do anything to make real necessary cuts.

[Smokin' Joe]

Just wait until the gross devaluation of the dollar hits the boomer retirees and they no longer can afford to retire or stay retired. Perhaps this is how they will the solve social security crisis.

I have long anticipated that inflation was the key to paying off government obligations. Unfortunately the inflation already in the pipeline is way beyond what would have achieved those meager ends, because the debt just keeps growing.

[Smokin' Joe]

You have to work to get unemployment benefits in my state, and I think it is the same everywhere. The employer pays into a fund which subsidizes the benefits. Maybe some folks can make out okay on the pittance in relation to the former paycheck, but I know I couldn't. The benefits hit a cap way below my pay grade.

The big money isn't in scamming unemployment, or even welfare, even though that adds up. It is in the contracts to provide public housing, bailouts for votes bought with NINJA loans, and multiple other wasteful projects (like "Global Warming research") that pisses away billions at a shot rather than a few hundred here and there.

Criminy, the government was talking about removing even more land from useful productivity (and yes, oil and gas exploration) and making "National Monuments" out of it--at a cost of a grundle of dollars.

Just the studies alone to remove this land from useful ventures cost a fortune.

We need to take the same machete to the Federal budget I had to take to my own when I got laid off, and cut the unconstitutional dead weight out of the system.

[NFHale]

“...You da man...”

I do try, buddy...

[SunkenCiv]

Thanks kristinn.