Posted on 07/29/2011 6:03:47 PM PDT by Jim Robinson
Spread-the-wealth-around Obama has already sucked and borrowed over $4 trillion out of the economy and burned it on the Altar of Marxism. And we have nothing to show for it. Obama = Epic Fail!
Now that the US is bankrupt and on the brink of default, he wants to borrow and burn another $4 trillion plus. Sorry, folks, this ain't going to cut it. We either cut the government NOW or the USA will fail.
Obama needs to be put on a tight leash. We don't need to raise the debt limit to avoid default. We don't need to allow Obama to continue his idiotic multi-trillion dollar spending spree. The congress should appropriate just enough to avoid default and that's IT!!
Social security, the payments to avoid default, and the military must be paid, but all other spending must be stopped or cut!! As far as that goes, even the defense budget must be cut! Cut the waste, cut the fat! End the wars and bring our troops home! Repeal ObamaCare!! We cannot afford it!! The government must be put on a pay as you go footing!!
Congress, do your JOB!!
Tea party freshmen, you're our last hope! They cannot continue the drunken spending binge without your approval.
Do not falter, do not fail!
TEA PARTY PATRIOTS, HOLD THE LINE!!
Good post. Quite an eyeopener.
We have got to get out of Pakistan, Iraq,and Afghanistan.
And all those other hellholes that are sucking us dry.
“How about a 6x8 in Ft. Leavenworth?”
That will do just fine!
If any non-Freeper saw these posts, bet they’d turn us in for being “racists who wish Dear Leader harm”....
Just sayin’ :-)
double LOL!”
No harm ,but a kind of “Parental Guidance” which the Pinko never got!
“I strongly would guess that much of it has been embezzled and given as kickbacks.”
Exactly. That is how a criminal enterprise operates. Obama and his thug partners are skimming at least 25% in vigorish right off the top of the GNP. It is an international cabal, and our great-grandchildren will pay the price.
Obama must be stopped.
The White House immediately dismissed the new version, with spokesman Jay Carney calling it “moot and irrelevant” and certain to fail in the Senate.”
This is a quote from an AP story by the following: Charles Babington and Donna Cassata, Associated Press, On Friday July 29, 2011, 1:47 pm EDT
It is about the changes to the “Boehner plan” that are causing the Tea Party conservatives to agree to vote for it. This version will only increase a second time if the congress sends a Balance Budget Amendment to the States. So the White House is arrogant enough to believe that the American Peoples demands are “moot and irrelevant”?!?
It is time we call these criminals on the carpet.
Let them know that we already know about their games with the budget with the preprogrammed automatic 7.5% increase every year and their moving the goal posts by making the new baseline to include all war spending and stimulus (read Obama election slush fund) spending.
A.C.O.R.N., or whatever they call themselves now, are still on the government dole as is Planned Parenthood and other Unconstitutional agencies (EPA, NEA, Department of Education, etc.), $770 million for refurbishing mosques overseas!
Call both your Senators and your congress critter even if they are Rats. We the people must let the congress critters know that the game is up and we will not stand for any more of their deceptions.
Balance the Budget Congress!
Call, melt their phone lines, melt their email boxes, don’t stop until they surrender to the wishes of the American People!
One personal note: Please do not refer to the more dense members of Congress who don’t understand you can’t spend your way out of debt as idiots. Doing this is an insult to idiots because their fiscal blunders would be unintentional.
Also do not say that the Government spends like drunken sailors. I have it on good authority that this is a lie. My son is a sailor, he is usually though not always the “designated driver”, and he tells me that when drunken sailors run out of their own money they stop spending!!!
I have yet to see the American Behemoth Government do that. It is past time for We The People to reign this in.
This is my proposal
Respectfully,
Ravenstar
.
Sending BILLIONS down those Muslim rat holes while Americans are losing their jobs and homes and our seniors are threatened with having their social security checks withheld is INSANE.
Obama should be impeached for this!!
.
“Six Republicans in the senate are working in overdrive bejind the scenes to get enough votes to force reid into rconsidering the original CCB bill that was tabled without debate.”
Any names? Rubio, DeMint, Paul, Lee and Toomey come immediately to mind. Barrasso and Thune, maybe.
The rest? Nah. Either too gutless or too RINO.
“Sure would be nice if a big dose of integrity were to break out in the House and Senate.”
The GOP’ers don’t have any excuse. But the others...as Herman Cain said in a recent interview, it’s in their Democrat Nucleic Acid - DNA.
A constitutional crisis can lead to government paralysis, collapse, or even a civil war.
Even Obama will regret such outcomes.
Damn, we sure are living in fragile and crazy times.
--------------------------
| Spot on Jim.
Hope they can withstand a massive frontal attack by the piss-stream media (Tea Party Republicans will steal Christmas, ruin the economic recovery and kill children) One way or another they must no fold. Have courage - everyday Americans are with you. Fix it, cut it, and shrink it. Yes on spending cuts. Don't kick the can again.
''The best advise I can give you all is to ignore any symptoms and ignore all the concerns from taxpayers |
“We are one executive order away from a full-blown constitutional crisis.”
It might do us good to check the current list of all the EO’s he’s signed already (under the radar, naturally). I seem to remember a disturbing one not long after he took office giving the U.N. new, alarming expansion of authority relating to search and seizure.
MrJim Robinson, Sir; I have the highest regard for you....
But I fear that your words to Congress are in vain: “Congress, do your JOB!! Tea party freshmen, you’re our last hope! They cannot continue the drunken spending binge without your approval. Do not falter, do not fail! TEA PARTY PATRIOTS, HOLD THE LINE!!”
As I saw it when Dingy Harry gave his gloating remarks an hour or so ago, the cause is lost. Boehner has succeeded in seducing the very TEA PARTY PATRIOTS you are calling on to hold the line. They have already caved and voted to give Obluffer what he wants.
Forgive an earthy remark, but; As my old Army buddy from Alabama used to say: “Well Boys, it’s time to pi$$ on the fire and call in the dogs! This coon hunt is OVER!
The Scriptures say it all:
2Tim 3:12 Yea, and all that will live godly in Christ Jesus shall suffer persecution.
2Tim 3:13 But evil men and seducers shall wax worse and worse, deceiving, and being deceived.
I admit that I leaped from the ridiculous to the Sublime, but I believe that is where we find ourselves.
And that 22 included every Rep from South Carolina except, of course, for Clyburn.
I'm proud of you guys. It's paying off.
Next up: table or dump the Reid bill.
Beyond an outrage! This needs to be broadcast and circulated to as many voters as possible in the ‘12 campaign. Most would be shocked and enraged. Meanwhile, wonder if Malkin knows of all these (besides the IMF bailout from her blog/website). Anyone with a radio show (like Laura Ingraham, Glenn Beck, Rush) would talk about it, I’ll bet.
Think it would also be good to let someone like Andrew Breitbart in on this? I also wonder if people like Pam Gellar, Robert Spencer, Jed Babbin, Brigitte Gabriel, Steve Emerson, etc. (experts on & advocates against the Islamic threat) are aware of it. They all do a lot of public speaking as well as writing, blogging and emailing tons of people.
Americans NEED to be told about this - not only from a security standpoint but also in light of our dire economic situation. BHO surely wouldn’t be re-elected if this got out.
IMHO...
The leash is that the Constitution must be Amended to prohibit borrowing by the Federal government completely unless in time of declared War. Then, to avoid having them get around that, any borrowing for a War must require a spending freeze until the War borrowing is paid off and direction that War borrowing be used only for the specific War declared.
It occurred to me that a government of 300 million citizens that takes in over $6,000 for every one of them every year has enough funding, $2 trillion, to handle what it has to, and unless the government sprinkles crack on it’s cornflakes every morning, will not need to borrow for even the largest capital projects. Also, there is no need to issue bonds which have an assumed risk of zero in order to facilitate debt pricing models. Pricing models can simply be changed to work without that zero risk factor. Obviously such financial models will have to be changed now anyway, because if it’s not already, it’s soon going to become painfully obvious that Treasury debt default is not a zero risk proposition, just a very low risk.
I thought perhaps borrowing could be controlled or constrained Constitutionally. But then it occurred to me; it’s not necessary. With $2 trillion in revenue, a $20 billion dollar capital project - something enormous - is only 1 percent of revenue. No need to borrow for huge capital projects.
If there was no borrowing, Congress could do their normal routine, which is both comedy and tragedy, playing politics with government money. But there would be no harm of building up debt. The whole game would be played with this year’s revenue.
In order to pay off the debt the government currently has, the amendment would simply have to be worded such that while we still have “legacy debt” there needs to be an annual surplus and it must go towards paying down debt until it is paid off; thereafter, it must go toward establishing currency reserves equal to one year’s revenue.
The handling of such reserves must be dealt with in the same Amendment; basically it needs to function both as a War chest and a pool of money that EARNS interest instead of COSTING interest for the government. It would then GENERATE revenue and reduce the need for taxes. It would publishe it’s loan interest EARNINGS and the citizenry would all want to see that fund perform well - because it would lower taxes. The lending business conducted out of such a reserve would serve the same function as the lending the Federal Reserve now performs in lending to it’s member banks. If the Federal Reserve were Constitutionally absorbed into the Treasury department where it’s sister, the Comptroller of the Currency, lives and redundantly provides many of the same functions, the whole operation could be rolled up and combined. Then, as long as Constitutional Amendments clearly spelled out a simple algorithim for blind, round-robin style loans provided in $1 million chunks, banks would still have the same access to borrow that the Fed now provides. From what I can see, we basically have a very weird situation where State chartered banks are regulated by the Comptroller of the Currency and nationally chartered banks are regulated by the Fed. The Fed was cobbled together simply to avoid collapses of banks by having banks own the central bank so the Federal government would be off the hook. But that has been thrown out the window, obviously. In truth, in today’s modern age where banks can review and transmit financial reports daily and software can automatically trigger alarms based on whatever rules we dream up, there’s no excuse for a bank failure. There should not only be a Constitutional prohibition of “bailing out” a bank, but government should not even lend to a bank the day that it fails to meet balance sheet ratios. End of story, it’s on it’s own. If it goes bankrupt, the Federal government can EASILY make depositors whole. After all, all demand deposits in U.S. banks are only in the neighborhood of $1 trillion. The Fed is not needed to manage this work; those same Fed employees can work for Treasury, because if the rules were Constitutional, there would be no policy decision of which banks to help. I used to subscribe to the other Fed issue - it’s ability to be apolitical. But it has become an enabler, hence, completely political. It is on the political side that seeks so kick the can down the road.
Under the “Fed merged into Treasury” Constitutional scenario, if a bank fails, depositors are made whole and other banks come in and buy the failed banks business at auction - giving them more value than they paid and shoring up their balance sheets. At most, a few banks fail, because every time one fails - others grow stronger. The employees and customers flow to other banks. It does not hurt depositors, who are made whole for sure, first by the government, then the government is paid back by the banks who purchased the failed banks assets. It only hurts creditors and stockholders. Well, they need to use due diligence and not deal with a failing bank - just like any other business.
The government currency reserve would generate extreme peace in the world because if America had a $2 trillion special cash reserve, that represents an enormous warmaking capability should an emergency arrive.
Such a reserve would wind up generating interest income of $60 to $80 billion annually at present figures and further spur on business through that much less in taxes and being able to loan this money into the banking system the same way the Fed does now.
I won’t blabber on any more, since, unfortunately, the political stomach for such a Amendments simply will not be there until American citizens undergo the misery and suffering of being crushed by goverment borrowing.
“No harm ,but a kind of “Parental Guidance” which the Pinko never got!”
To say the least. This jerk’s origin and background are so murky, I think he was raised by wolves.
Or, more likely - jackals :-)
We have to make sure we all commit to meet our elected representatives as soon as they recess and return home.
We need to give them hell and demand CCB. Ask them what they plan to do, specifically, to prevent Moodys and S&P from trashing our ratings.
We need to ask them to spell out their plan to us in minute detail. Tell them that it is only fair that we hold a primary for their positions because the survival of our nation is at stake and we can’t accept what they’ve been doing in Washington up to now.
I say we start an emailing campaign to all of them.
Couldn’t hurt.
The average American hasn’t a clue about this.
“A constitutional crisis can lead to government paralysis, collapse, or even a civil war.
Even Obama will regret such outcome.
NO, HE WON’T. Everything he’s done, and continues to do, is taking us in that direction. It’s his game plan - create crisis, declare a national emergency, call out the national guard (maybe even the U.N. goons & tanks for added flair), suspend the elections in 2012, then take down this country he hates, once and for all.
Think that’s farfetched? Ask others here.
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