Posted on 05/23/2009 7:17:02 AM PDT by autumnraine
Edited on 05/23/2009 2:21:14 PM PDT by Admin Moderator. [history]
There aren’t many checks and balances when ONE PARTY rules everything.
I have brought this up also. I still have not got an intelligent answer. I guess we now live under a dictator.
To us no money means 0 in the bank or up to 20 grand in credit card debt
to them its 10-14 trillion in unpayable debt.
USA Broke: Women, Minorities Especially Hard Hit
It’s a fact. You can’t hide it. 50% of every federal dollar spent annually is borrowed. It looks like the number is a bit higher than estimated since we haven’t hit six months yet. I guess tax revenue is less than estimated.
Of course we are. The evil federal goobermint is just printing it. This is not newz to most on this forum.
This will be shocking newz to the thumb-sucking brain-dead nimrods who voted for this demagogue.
>>He’s just prepping the country for a massive tax increase that he had planned all along.
Yep. First, he transfers all government money to his constituents and then turns everyone else into the 21st century version of a sharecropper.
You keep your job, you keep some of your luxuries (the govt-approved ones), but most of the proceeds from your labor goes to the collective. As long as you keep working, you get to keep enough to allow you to convince yourself that you are still a free citizen.
Stop working or drop out of “the system” and the iron boot of fascism comes down hard!
Not only that, OBAMA SAID.
I hear that a good bit. “Obama said...” I’m like, um, he’s a politician. Did you believe the guy in the 9th grade class President elective promise no more homework too?
I have to keep repeating this
dont buy gold
buy food, water and ammunition and seeds
Yes, I’m sure China is ready to just gobble up our debt to sustain us now.
They recognize that the only thing keeping THEM in business is loaning us money to buy their stuff.
Which of the Republicans has stood up and called for criminal investigation of the people who have run these firms into the ground as well as the people who were supposed to be regulating them? Is that task on the agenda for the Republicans? Can you conceive of just why that might not be?
I have no problem with telling people who voted for Teleprompter boy and his party they made a very stupid choice. However the proper solution is not the Republican Party as it currently exists either. And the evidence within how the bailouts have played out remove any viability of contending that it is.
I suggest we are not replaying 1929. This is closer to 1774.
Geithner will unveil a “NEW U.S. DOLLAR”.
It’s equal to 500 old dollars.
There, problem solved.
He will use US’s near bankruptcy as an excuse to spend trillions for his universal health scam and cap and plunder. The only thing transparent about this administration is their naked grab for power.
“He’s just prepping the country for a massive tax increase that he had planned all along.”
There’s no way someone can spend so much money so recklessly without some plan behind it. I agree with you 100%.
Obama is the anti-Reagan. Reagan spent money for defense and to unleash the power of America’s industriousness while limiting funds for massive government growth in entitlement spending.
Obama’s plan is to do the opposite. And to “break” the unfortunate news that he has no other choice but to tax them into a permanent oblivion.
He plans on making a new tax imposition part of the American system by putting all Americans into chains.
THAT is his plan.
No.
I refuse to refer to him as the president.
There is are constitutional qualifications to occupy the office of the President of the United States and constitutional limits to the power of that office.
Hussein has not met nor abides by any of these constitutional conditions.
He is a counterfeit....an interloper of the worse kind.
Just my measly .02 cents.
Normally in April the federal government after paying the monthly bills with the receipts there is about $150 billion dollars left over, i.e. surplus. This April 2009 there was a $20 billion dollar deficit.
And the budget deficit so far for fiscal 2009, not including the stimulus, TARP, or the $400 billion extra budget appropriation is at $800 billion. Fiscal 2009 doesn’t end until Oct 1, 2009.
U.S. Treasury April statement with prior year.
http://www.fms.treas.gov/mts/mts0409.txt
Like every other failing banana republic, he will just stamp “X 1000” on the existing dollars.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.