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The Chinese sure are doing a lot of worrying these days about the stalemate in Washington. Li Keqiang, China’s Premier, told U.S. Secretary of State John Kerry that he was watching the tussle over raising the government’s debt ceiling with “great attention” in a meeting last week. He has good reason to be concerned. With a stash of nearly $1.3 trillion in Treasury securities, China is the world’s largest foreign owner of U.S. government debt. If the U.S. Congress fails to lift the ceiling to allow the government to borrow more by Thursday, Washington may not have enough money to...

A man's car motor locked up and he needed another car fast or he would lose his job, fail to make his house payment and lose his credit rating. The only car lot for miles was 'Slick Obama's Sleazy Motors.' The man had gotten ripped off on his last deal there, but had little choice since this was the only car lot around. When he got to the dealership, he was met by owner Barack Obama. After explaining his situation, Obama told the man he only had one car available for him. It was a '1995 Cadillac DeVille' for $10,000....

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. ... I therefore intend to oppose the effort to increase America’s debt limit.” -- 3/16/2006 Floor speech in the Senate First, we learned that the federal budget deficit could reach nearly half a trillion dollars next year. Eight years after we had a record surplus, we’re now faced with record deficits. This mortgaging of our children’s future is a direct result of the Bush Administration’s dangerously failed fiscal...

Senator Schumer and many of our Democratic colleagues have been conducting a sustained and direct attack on the millions of people who supported and identified with the Tea Party movement. Make no mistake about it they don’t respect the people in the Tea Party movement they demean them in every way and virtually every day in this body. And everybody that is part of that movement, because they believed in America, they thought this US congress has gone lunatic in spending their country into bankruptcy. And passing Obamacare over the overwhelming objection of the American people and they did it...

Give Up 300,000 Federal Workers… and then we’ll talk.- By: Larry Walker II -“Treasury Secy. Jack Lew warns the country will run out of money later this month. Actually, that's another lie. The country ran out of money $17 trillion ago. It's all borrowed since then, much of it by this administration.” ~ Andrew Malcolm *The United States federal government shutdown of 1995 and 1996 was the result of conflicts between Democratic President Bill Clinton and the Republican Congress over funding for Medicare, education, the environment, and public health in the 1996 federal budget. The government shut down after Clinton...

The hard-line stance of Republican House members on the government shutdown is generating increasing anger among senior Republican officials, who say the small bloc of conservatives is undermining the party and helping President Obama just as the American people appeared to be losing confidence in him. “Fighting with the president is one thing,” said Senator Roy Blunt, Republican of Missouri. “Fighting with the president and losing is another thing. When you’re in the minority you need to look really hard to find the fights you can win.” And on Wednesday at a private luncheon, several Senate Republicans — Dan Coats...

This link is to the: US Debt Clock It's a real time representation of, among other things, federal spending. What's cool is that during the shutdown federal spending is actually LESS then revenue...so the DEFICIT is decreasing by about $170,000,000 a day. Why this is deadly to the libs is that the longer the shutdown goes, the more people will see how bloated the government is. The slimdown is just cutting the fat and it's already making a huge difference. The longer it lasts the more people will see that, hey, it's no skin off our teeth AND we're getting...

Say hello to Obamacare phones. In Tennessee, those shopping on the new health insurance co-ops could end up with more than just some health insurance. They might even walk away with a free smartphone. The Nashville Business Journal is reporting that Community Health Alliance, Tennessee’s Obamacare health insurance co-op, is using the prospect of a free phone to encourage folks to enroll:

What a pathetic excuse for a Senator.

[current U.S. national debt is just under $17 trillion according to usdebtclock.org] By 2020, the debt per family is expected to be $194,000 [nearly triple what it was 20 years ago]. [This doesn't] include the massive unfunded liabilities of the Social Security, Medicare and Medicaid programs (another $115 trillion...)...some of the biggest drivers of our debt. Rather than reform our current entitlement structure, ObamaCare actually expands the role of government in health care, to the cost of taxpayers and our foreign lenders. The Congressional Budget Office (CBO) originally estimated that ObamaCare would cost about $1 trillion. But that estimate has...

Americans know instinctively that when liberals start talking about deficit reduction that’s it’s just a case of the fantods, as Huckleberry Finn would say. And say what you will about old Huck, but he knew a couple of frauds when he saw them. "Hain't we got all the fools in town on our side?," said Huck Finn's fraudulent king in the Adventures of Huckleberry Finn. "And ain't that a big enough majority in any town?" It certainly is enough in DC, but the rest of the US isn't so gullible. No matter what liberal “Wonks” like Ezra Klein say about...

For all the drama surrounding today's political drama (which came and went largely unnoticed by a stock market hypnotized by the Federal Reserve), the bottom line is that the key impact of last night's historic government shutdown has been nothing more (or less) than the temporary unpaid leave of absence, i.e. furloughs (with all accrued, owed payments promptly being remitted once the government is unhalted) of some 815,932 civilian government workers, out of a total of 2 million, or a 41% furlough rate. As the WSJ tabulates "some agencies, such as the Bureau of Labor Statistics, are seeing all but...

Sen. Barbara Boxer (D., Calif.) claimed on Friday that the federal budget deficit has “been cut in half” under Obama. AP Sunday Show Roundup Christiane Amanpour / AP Iranian Media Continues to Deny Rowhani Said ‘Holocaust’ Ali Mansouri, an alleged Iranian spy / AP Israeli Security Service Arrests Iranian Spy Sen. Barbara Boxer Claims Obama Cut Federal Budget Deficit in Half Barbara Boxer / AP Barbara Boxer / AP BY: Washington Free Beacon Staff September 27, 2013 3:40 pm Sen. Barbara Boxer (D., Calif.) claimed on Friday that the federal budget deficit has “been cut in half” under Obama. Budget...

... When Standard & Poor's reduced the U.S.’s credit rating from AAA to AA-plus, it was the first time the U.S. ever suffered a downgrade to its credit rating. The S&P took this action despite the plan Congress passed last week to raise the debt limit. The downgrade, S&P said, "reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics." It's those medium- and long-term debt problems that also worry economics professor Laurence J. Kotlikoff, who served...

This is a blatantly false argument by Obama, no doubt a fear mongering, focus group tested argument used simply to distort reality in order to take advantage of ignorance. Is this how you run your household budget? When you are faced with mounting and rising debt, do you simply call the bank and ask them for a bigger loan? No! You figure out how to cut back on your spending and make tough choices, something that Obama stated back in 2009 that we would have to do because we simply cannot sustain a continuous out of control deficit. (see quote...

U.S. military personnel will face a disruption in pay if Congress doesn’t quickly pass a budget and raise the debt ceiling, President Barack Obama warned in his weekly address Saturday. “The government will shut down. So will many services the American people will expect,” Obama said, speaking of the consequences he says the country will suffer if Congress can’t come to an agreement on a continuing resolution bill. “Military personnel, including those deployed overseas, won’t get their paychecks on time.” On Friday, the House stripped funding for the president’s landmark healthcare law from a continuing resolution bill to fund the...

WASHINGTON (AP) -- The Obama administration is telling federal agencies to prepare for a possible government shutdown. The Office of Management and Budget sent a letter to agency heads this week ordering them to make contingency plans if Congress does not reach a deal to fund the government after Sept. 30. The letter from OMB director Sylvia Burwell says there is still enough time for Congress to prevent a lapse in funding, but "prudent management" requires that the government get ready for a shutdown. House Republicans plan to vote on a budget bill this week that withholds funding for President...

Despite opining that “a government shutdown would be the worst possible outcome in our negotiations over the budget,” Senate Majority Leader Harry Reid (D-Nev) vowed he will “make no compromises to avoid it.” “We’ve got control of the narrative,” Reid boasted. “Why should we give Republicans a break? Almost half of Americans depend on the government to put money in their pockets. The other half are afraid of riots in the streets if the flow of subsidies to client populations is halted. The media are ‘all in’ for blaming the GOP if anything bad happens. When you have the winning...

With the Syrian crisis receding on Capitol Hill, Congress on Thursday plunged back into its bitter fiscal standoff as Speaker John A. Boehner appealed to the Obama administration and Democratic leaders to help him resolve divisions in the Republican ranks that could lead to a government shutdown by month’s end. In meetings with Democratic and Republican Congressional leaders on Thursday after a session with Treasury Secretary Jacob J. Lew on Wednesday, Mr. Boehner pleaded for a resumption of negotiations that could keep the government running and yield a deficit-reduction deal that would convince b>recalcitrant conservatives to raise the government’s borrowing...

Made this for my Tumblr site...