Posted on 05/13/2011 4:25:18 PM PDT by Kaslin
Unless things change, the man (or woman) elected in 2012 will be the last American president to preside over the world's leading economy. If things get really bad, he will find himself presiding over the early stages of American collapse.
Not "decline" but "collapse." "Decline" is what happens when you're Britain in the 1940s and you cede global dominance to a major ally that shares your language, legal system, cultural inheritance and broad geopolitical objectives. That deal isn't on offer this time round.
Nor was the United Kingdom circa 1948 in thrall to anything like the same levels of spendaholic insanity. The current debate on the "debt ceiling" testifies to how thoroughly public discourse has flown the coop of reality.
Sure, Congress can vote to raise the debt ceiling — just as you and your spouse can reach a bipartisan agreement on raising your own debt ceiling. Go on, try it: Hold a vote in your rec room, come up with a number and then let MasterCard know what you've decided on.
In the real world, debt ceilings are determined by the lenders, not the borrowers. In March, Pimco (which manages the world's largest mutual fund) calculated that 70% of U.S. Treasury debt is being bought by the Federal Reserve.
So under the 2011 budget, every hour of every day, the United States government spends $188 million it doesn't have, $130 million of which is "borrowed" from itself. There's nobody else out there.
(Excerpt) Read more at investors.com ...
Weird Willard. What a candidate.
bttt
If the Republican party nominates Romney, then we know for certain that the Republican party is not the party of conservatives and needs to become a third party.
More proof that the DC Elitists didn’t get our message. Proof is Newt, Huckabee, Romney and the rest of the re-treads.
I would blow up the primary system before I would destroy the party.
Whoever the LSM wants us to vote for, we must never vote for their choice
Classic Steyn. LOL!
Steyn is probably the most under appreciated commentators out there. He has the wisdom of Rush Limbaugh with the wit of Jeremy Clarkson.
LOL! Unique and accurate comparison.
Well it appears we are going to have all 5 of the Quintuplet RINOs from 2008
Romney, Guliani, McCain, Huckabee, Paul..
(the last 3 all pro-life but not much more)
Plus Newt and maybe a couple more distasteful to comnservatives...
I voted for US Representative Duncan Hunter and then Gov Sarah Palin in 2008...
Will there be someone I can identify with this time around..
I’ll take issue with your pro life analysis of McCain and Paul. McCain is a political opportunist who only would be pro-life if it makes him popular. Paul is a libertarian uber-federalist who thinks state’s rights trump individual rights (specifically the right to life).
I don’t think anyone has to worry about Mitt, he has a great ground game, but it does not translate into votes.
It makes me so mad these people are getting fat off their country while betraying the voters.
God bless Mark!
Sen. John Kerry to Don Imus on RomneyCARE=HillaryCARE=ObamaCARE:
"I like this health care bill".
Sen. Hillary Clinton on RomneyCARE=HillaryCARE=ObamaCARE:
"To come up with a bipartisan plan in this polarized environment is commendable."
It's worse than borrowed from itself. The Treasury and the Fed exchange I-O-Me's, and each considers what they have received as an asset.
ML/NJ
The GOP seems bound and determined to give us another RINO candidate. Money, lobbyists and large corporations talk and the GOP listens to them, and NOT the tea-party or constituents. Predicting election disaster looming if they do it to us again. Some are already disgusted with RINO antics and theatrics.
How do we get our message through to these Elitists NOW?
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