.
Posted on 07/30/2011 1:11:05 PM PDT by Jim Robinson
"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. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies...
Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here." Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
- Sen. Barack Obama (D-IL), March 20, 2006
HOLD THE LINE!! STOP THE SPENDING!!
“Epic fail”...Pretty much the first words in my brain the millisecond I realized Obama was going to be our next POTUS. From there it’s been one epic fail after another hasn’t it? This guy makes Jimmmy Carter look like Abe Lincoln. Pretty sad that the worst POTUS of all time has to be a black man, but you can blame Dimorats for that. In their zeal they just did not care that the guy had the experience of a girl scout to running the country.
Didn’t matter to them that he had no creds, only mattered that he had no history.
Shouldnt this be on Twitter?
That $211 Trillion estimate is the largest one I've seen so far. More than mind boggling... Impossible to ever pay off...
It'll be paid in Zimbabwe style dollars. Got rice?
Whatever else bad he has done, this is the worst. This tactic is childish, sophomoric, and smacks of early campaign terrorism. This is bad enough coming from Reid and Pelosi, et al, but absolutely criminal when put forth by Obama. It is simply way out of place coming from the Oval Office.
Obama has not led people to feel confident about anything, but has, rather frightened his countrymen. This is a terrible legacy he now owns, no matter how the current issue on the debt ceiling gets resolved.
History will record him as an enemy to the people's faith and peace of mind during this trying time. He has hurt millions with his innacurate accusations and fear mongering speeches. He is an evil, spiteful, vengeful little man who has no comprehension of what his role is in the White House. He has let his thin skin and need to massage his ego take precedence over the welfare of the people he is supposed to protect and reassure during times of trial. What an utter travesty he has committed.
There is simply no place in the White House for such a man who purposely hurts his people with lies and scare tactics. We need to keep pounding this fact in the press and TV. We need to get the root of this problem...Obama's inability to lead ALL the people, of All parties, and stop his trivial, partisan, self-serving behavior...discussed continually on every talk show and blog spot. The man has done a huge injustice to Americans by making them stressed and worried. This is not at all fitting for the office he holds.
That might be the scale of it, $1 == 1 grain of rice. But.... another article I was reading the other day talked about global debt (of which the US Fed has a large part in creating), being estimated at $1.4+ QUADrillion!!! I’m thinking that one will require $1 == 1 grain of sand on the beach. (Get your shovel & bucket out in either case!)
.
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children wake up homeless on the continent they conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
— Thomas Jefferson
As long as you don’t mind people dying, it’s easy!
Definitely. UNFIT TO LEAD!
Thanks. Someone else found and posted it as a reply. I just decided to repost it front and center as a thread of its own.
That is an excellent graphic!
The beginning of the End: Jekyll Island, December 24, 1913.
It depends in the end on how severe the political backlash to this debacle will be but it certainly isn’t a leadership failure to talk about the debt. Debating a possible default along with a credit downgrade are one of the most positive outcomes that could have happened to this country if it does indeed awake a sleeping dragon.
“Get the government off our backs, out of our business and out of our faces!! Let the people get back to work and let the free economy (and the tax revenues) soar!!”
Absolutely!
“The wicked are full of regrets,” Talmud, I forget citation.
“The wicked are full of regrets,” Talmud, I forget citation.
The debt and deficits need fixed and most importantly the trend to ever increasing debt must be reversed and not just a token reversal.
That said...I don’t see debt and deficits as the primary problem. The root cause of this is systemic and institutional. We’ve had 40 years or so of an incompetent Congress (both Parties) whose only mission should be simply improving the USA for Americans, but instead their primary mission has become about money so they get reelected.
A balanced budget Amendment would minimize wars because it would require a war tax be imposed to balance the budget...that’s good. No wars allowed off budget. Term limits and public financing of elections and allowing only constituents of politicians to donate might reduce outside influence which is a big problem.
The House members are supposed to represent their district and not those outside. The Senators are supposed to represent a state and not those outside. They shouldn’t be receiving money from outside interests and sometime outside the USA. I still oppose those outside my state or my district or my country influencing my elections.
bttt
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.