related....
http://gunnyg.wordpress.com/2009/05/01/obama-received-aid-as-a-foreign-student-ref-rensecom/
I do reference the ‘isms’ that our pres__ent loves to rule like. I mention this because a lot of people simply don’t know. For instance, Fascism isn’t something that flies across most people’s radar. Obama is miring himself and our nation down into it. His hands on ‘management’ of the corporations is not kosher.
Reactionaries, with little staying power.
America -- a great idea, didn't last.
And that delivered Obama and his huge and destructive spending initiatives on the American people. It hard for me to disagree that Bin Laden has succeeded in damaging this country far beyond his wildest dreams.
Wrong! Labeling such words as "extremist" does us no good. A reasoned use of the terms fascist and communist in relation to Obama's policies is appropriate.
Is Mr. Skousen implying that FDR avoided using the terms Fascist when speaking of Hitler and Mousellini? Did JFK shy away from rightly identifying the communists of Vietnam, Red China and NorKo?
Speaking "truth to power" is out of fashion in conservatives?
What do they suggest, more McCainisms?
For later.
According to census estimates, there are 12 states with fewer than 1.75 million people.
So the amount of money representing this year’s deficits would be enough to make every person in any one of those states a millionaire if it were surplus dollars. It’s enough to make millionaires of all the residents of two states if we only counted the least populous 6 states.
Or, to state it in its proper context, you could create a big wheel with Idaho, Maine, New Hampshire, Hawaii, Rhode Island, Montana, Delaware, South Dakota, Alaska, North Dakota, Vermont and Wyoming on it, then spin the wheel and demand a million dollars from every single person in the state it lands on... and still not have enough to get the budget to balance.
Pretty sick!
This is still a relatively optimistic scenario.
This CBO estimate assumes that existing stimulus and bailouts are sufficient to return the economy to relatively normal growth rates within a couple of years, and also excludes their recent (2 weeks ago) downward revision of social security budget to show that we may have an additional shortfall in 2010 & 2011, and will be permanently in the red starting in 2017 (not 2045 as previously thought). That is still an optimistic scenario. A pessimistic scenario would add an additional $2-3T due to shortfalls in mandatory spending, FDIC, more bailouts & stimulus, plus new spending for nationalized healthcare & energy programs, and perhaps even an unexpected expensive war or natural disaster. And it may also anticipate much mor esluggish growth - more similar to Japan in the 1990’s and 2000’s than to the US in the 1980s-1990s.
CBO’s optimistic estimate above = gross national debt at 120% GDP, debt held by public 65% of GDP by 2020. More pessimistic scenario = gross national debt over 150% GDP, debt held by public 85% of GDP.
Note that the generally accepted guideline is that:
1. When debt held by the public exceeds 50%-60% of GDP (CBO’s optimistic scenario), government can do very little to prevent/stop a downturn, because stimulus & monetary expansion have a negative ROI.
2. When debt held by the public exceeds 70%-80% of GDP, countries have no effective recourse to protect themselves against malicious currency attacks.
Note the convenient reductions in election year 2012. Plan on it. with the short memory of a large part of the electorate, they will only remember what feels good today. This has to stay in the forefront. although as interest rates climb, it may take care of itself. But also remeber that the ‘stimuls’ was to be doled out in tranches, not that any of that money release would be timed to coincide with election years. Nahhhhh.