We need a board of politicians to tell us we’re in financial trouble? I think millions of Americans reached that conclusion months ago. We also note that the politicians’ solution is not to stop their profligate spending, but to simply take more of our hard-earned money to pat for their spending spree. They need to experience some personal unemployment ASAP!
TC
Let us put Nancy Pelosi, Harry Reid, and The Usurpers triad portraits upon this tragedy!
I missed where anyone in Washington has put any effort at all in controlling spending.
The FDIC will lower its individual account insurance coverage in 2014 to $100K from the now current $250K.
The SEC passed rule changes back Jan. 28, 2010 to allow all banks to freeze all money market assets in the event of a 'crisis'. Interesting that 'they' never defined what a 'crisis' was to be.
Commercial real estate is imploding.
The second wave of Alt-A & Option Arm mortgages are beginning to reset this month.
Go to the grocery store and see what food costs now.
The price of gold and silver continue to rise.
The only jobs basically being created are in goobermint.
Layoffs continue.
Yeah...we need to pay mouthpieces in DC to tell us things aren't good.
Simpson is garbage. Another Republican carrying Barry’s bongwater. This is all so transparent. These clowns are talking up crisis to justify a VAT. Well at least Boehner wrote a strong letter against the VAT. We can all sleep better with that in mind.
“Republican Alan Simpson and Democrat Erskine Bowles told a meeting of the National Governors Association that everything needs to be considered”
The best thing to be considered for most politicians is to line them up against a wall.
Poor Obama so WANTS to keep his promiss not to raise taxes on the “working class.”
But his phoney contrived “Debt Commission” gives him no choice.His hands are tied so the broken promiss is not his fault.
He must think the American people are sooooo stupid!
Last I checked it isn’t the Executive branch that controls the purse strings.
I’m sure that the House is tickled by this. They get to avoid responsibility by hiding behind a presidential commission.
“The heads of President Barack Obama’s national debt commission painted a gloomy picture Sunday”
^
Tell us something we don’t already know
^
Transcript of Pelosi, House Democratic Leaders, and Economists’ Press Conference Following Economic Forum 10/21/2009
http://www.speaker.gov/newsroom/pressreleases?id=1414
Former Federal Reserve Vice Chairman Alan Blinder—“So for that reason, despite the fact that we’re looking at an absolutely horrendous long-term fiscal outlook,
+++ that everything needs to be considered ++++
Except control of the beauracracy .......
Look, it's obvious that this "debt" is going to be repudiated and that some form of actual money will be restored.
The "how" and the "when" are not yet known, but there's no reason for the "debt" to make anyone gloomy except the traitors and thieves who created it - and when the hammer comes down, they will have a lot more to worry about besides useless paper.
We have a standing commission to make these decisions. There are 535 of them. The debt and deficit are not constructs that appeared apart from the actions of the 535 requiring the “wise men” led by Erskine to deduce from where they came.
Each one of those bastards that look in the mirror in the morning know the truth. But first they see a coward.
I agree. BO has us in one hell of a mess and I don't see a way out without a lot of US getting hurt badly. I only hope they get hurt too. I doubt that will happen.
Go ahead and raise taxes. That will be 0bambi’s “Read my lips” moment.
This commission is a joke.
http://www.allvoices.com/contributed-news/6233898-parading-fiscal-responsibility
“instituting a financial trigger mechanism for gaining Medicare coverage”
Come on out and say it...MEANS TESTING for MEDICARE (already being used to apply dividend rates) and then SS
Often attributed to Tytler, but he probably didn’t say it:
“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.”