Posted on 08/06/2011 8:32:34 PM PDT by jazusamo
S&P tells it like it is: the U.S. is out of money
The Obama administration has made history by presiding over the first-ever downgrade in the U.S. credit rating. President Obama has outdone all his predecessors in wrecking America’s good name. His answer to this problem: Spend even more.
Raising the debt ceiling was sold as a way of guaranteeing the U.S. credit rating. It had the opposite effect, which makes sense to anyone who understands credit. Take a family with a median household income around $50,000. If they spend $85,000 a year and have debt at $300,000 and growing, it’d be foolish to let them borrow more because they don’t have the income to pay it back. Raising the debt ceiling ignored this reality. Then, the Obama administration immediately demonstrated its utter lack of creditworthiness by blowing 60 percent of the initial $400 billion increase in one day, the largest single-day accumulation of debt in U.S. history.
The White House blames the George W. Bush administration for every economic woe, but the numbers speak for themselves. In 2008, the federal budget deficit was around 3 percent of gross domestic product. In 2011, it’s around 11 percent. Total federal debt was $10.7 trillion at the end of 2008 and is currently $14.3 trillion. Debt as a percentage of GDP was a painful 69 percent at the end of the Bush years, but Mr. Obama is pushing it over 100 percent...
(Excerpt) Read more at washingtontimes.com ...
Run Sarah Run. Announce, announce!
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I just have a feeling in my gut she’s going to run. I think she’s biding her time waiting for the last of these frivolous law suits to go null and void.
I believe in private conversations, the Left know they fu*ked up big time in trying to destroy her early on. They tried smears against Palin and her family...they failed. They tried all manner of bogus lawsuits...they failed. They tried releasing her e-mails in hopes that they’d find some smoking gun...they failed.
The Left has done to Palin what they never did to the Ghetto Trash that currently occupies the Oval Office; they completely, fully, and with zeal vetted her. They’ve (God) has made her stronger that we could’ve ever hoped for. I just know the Left (and Obama) are scared sh*tless she’s going to run. Fullout attacks on Palin now will simply make the Left look like the deranged A$$holes everybody knows they are.
Along wiyh the Obama and enablers don’t forget the likes of Boehner and McConnell.
Run Sarah Run. Announce, announce!
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Sarah is very smart. I think she’s running. Why she’s holding back, I do not know. But, I know this: She has her reasons.
Plus the more Obama runs the economy into the ground even the moderates will vote for Sarah over the current idiot in office. And she’ll have huge coat tails.
We can’t squander this opportunity to get a real conservative in office because it’s going to take some real leadership to fix the crap of the past 2 decades.
Carter gave us Reagan. Obama will give us Palin.
“Amen. That would be the worst thing he could ever do. Despite what some might think, this is still the United States of America and we the people are about to take our country back. Sooner rather than later is fine with me.”
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Indeed!
I’m waiting for the proverbial: “Nope...this is just what Obama wants...chaos. Hw wants an uprising.”
Here’s the little fact that many people leave out about Marxists loving and needing chaos; THEY HAVE TO BE ABLE TO CONTROL THE CHAOS. To those who doubt me, just go to youTube and watch all the clips from the 1989 Revolution in Romania. No, I’m not saying these uprisings are always positive, but this idea that all chaos or uprisings are made to order for the dictators is pure folly.
I’ve posted this before, but watch Ceausescu’s face at 0:48. It was at this precise moment that he knew he lost his power...HE COULDN’T CONTROL THE CHAOS!
http://www.youtube.com/watch?v=GU53qv5aA1M
Well said.
The other thing i love about Sarah, is that she sees the other greatest enemy we face: RINOs in positions of leadership like Boehner and McConnell. I hope she nails these two useless bastards (and all other RINO POS) to the wall for their stupidity, and their enabling of the Left and Obama.
Have you watched any of her recent interviews? Good grief, this woman is on fire. I’d love to watch her feed the Kenyan his lunch in a live dabate. I want to see Obama completely meltdown on live TV.
Of course Obama will be allowed to lie during the debate and not questioned by the press. If Sarah makes one slip up they’ll pillory her.
“Of course Obama will be allowed to lie during the debate and not questioned by the press. If Sarah makes one slip up they’ll pillory her.”
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Again, as I mentioned earlier...this won’t work anymore. The Libs will attempt it, but they’re going to be viewed as completely unhinged. Think about it, they’ll try going after any jot and tittle of mispeak that happens with Palin. This is going to make them look desperate. And there will be plenty of commercials showing the Ghetto POS mispeaking for the past four years.
The Libs have actually helped make Palin strong. Future attacks will only make Palin stronger.
When/if she announces her candidacy, the field will immediately drop to one.
Obama wanted the debt limit extended until after, he got what he wanted and now it is guaranteed to be an issue.
“I just have a feeling in my gut she’s going to run. I think she’s biding her time waiting for the last of these frivolous law suits to go null and void.”
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I’m not sure of the timeline of the lawsuits, but one thing I am sure of, is that she must be desperately concerned about America’s future at this point.
She has my 110% support always had, and even more, now, when Obama is flushing the country down the toilet.
No pun with my tagline intended, ;)
Seriously, oh for the days not long ago when we could laugh at the words coming out of BO’s mouth. I’ll have to change my tagline to reflect the serious of this situation—in the a.m.—it’s really late and my husband just told me before we started a movie about the China threat, but my son was on the computer, and of course, when he went to bed, I had to go to FR.
Goodnight, and prayers for safety to all.
I think she is still in serious prayer. She knows we have to win this election and she knows the negatives and the hateful media stacked against her. Thank God, she also knows the strong forces behind her and when she has her answer, she will announce.
Keep praying. I think the world of all of you.
Mega hugs and prayers. May God bless and keep you all, right along with our Sarah and her precious family.
I do believe if she announces the markets will respond positively.
Sarah will run and I think Obama will refuse to debate her... his minions in the media have declared her as unfit and that will give him cover.
No worries, Obama will just launch a drone strike on Moody’s headquarters building.
I think she may, depending on how far the Chicago Boys and NDP/Neo-Stalinists want to push it, end up suffering all the slings that Aung San Suu Kyi has sustained in her campaign to recover Burmese freedom.
This isn't a dictatorship yet, but a strong challenge from Palin will tempt Obama sorely to try to crush the Tea Party with martial law.
It should be posted everywhere in America,
Obama doing the Burns “Excellent!”
All according to the Obama strategy plan.
Cloward & Piven
Absolutely correct.
Many people do not understand that every move, decision and lack of leadership direction is based upon the myriads of ways to sabotage America.
Obama has indeed been spectacularly successful at implementing everything of the Cloward and Piven strategy to deconstruct America.
This is the legacy of Obama, and the people are still loving him for it.
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