Higher government spending is a direct tax on growth. Nations that spend more inevitably grow more slowly. Those who vote for Hillary Clinton and all of her many ideas to spend more should know that they are voting for lower incomes, more poverty and fewer jobs.
Building a Smart Grid to get into a telecom sector already well-served by private companies was a bad idea from the start. But getting government involved in places it doesn’t belong is a hallmark of your administration. As a result, you and your policymakers were happy to fund the Gig to Nowhere.You claimed that the Smart Grid would create jobs for Chattanooga. But in reality, all it did was push America deeper in debt and lure a local government agency into making a terrible financial decision that will weigh on Chattanoogans like a millstone for decades to come.So excuse us, Mr. President, for our lack of enthusiasm for your new jobs program. Here in Chattanooga we’re still reeling from your old one.
Drew Johnson, an editor for the Chattanoogan paper, was subsequently fired for the above article that was entitled “Take Your Jobs Program And Shove It, Mr. President.” This is an obvious display of liberals and spineless management silencing opponents of Barry thus protecting him from fact-based criticism. The presidents supporters can’t function within the realm of ideas and facts; their objective is to simply snuff out contrary opinion.
Another perspective on the nation’s debt and the ultimate consequences of mindless borrowing. The media will focus on gay marriage and gun control, but it won’t focus on the debt problem that will eventually bury all of us. Keep voting for Democrats and hope that money really does grow on trees!
Can it really be that bad? There is no fiscal discipline in government and the lack of restraint grows over time. The media doesn’t address it, politicians ignore it, and the dollar is going to be victim once the dust finally settles. The video espouses keen prescience as to what is going to happen and narrates the story well, but produces a vacuous video with no visual continuity, no charts and data, and no convincing conclusion. It just sounds scary because there is a lot of truth to certain points that are made throughout the video. The dollar is going to suffer given the current monetary policies of the U.S. government. Economic laws, like gravity, will win out in the end. Hyperinflation and other troublesome phenomena will occur just like in Argentina, Mexico, and other third world countries. It’s inevitable. I’m not so sure about the conspiracy regarding the “One World Government” since who really thinks this world can exist with one government. We have 50 states and those governments don’t really see eye to eye. Now factor in the rest of the world.
Nothing good is going to come out of this administration and this country will suffer the consequences for years to come. The unknown turns out to be a frightening dark place, but time will tell. If it gets really bad here, it’s going to be even worse elsewhere.
Illinois’ credit rating has taken another hit. Standard & Poor’s Ratings Service downgraded the state from an “A” rating to “A-minus”, making it the worst in the country.
The New York ratings firm’s ranking means taxpayers may have to pay tens of millions of dollars more in interest when the state borrows money for roads and other projects.
The downgrade is the latest fallout over the $96.8 billion debt to five state pension systems.
The downgrade now ties Illinois with California, but California has a positive outlook.
Illinois’ fragile overall financial status netted it a negative outlook, putting it behind California overall.
The ratings came out now because Illinois plans to issue $500 million in bonds within days.
“Fiscal Cliff” put in a much better perspective.
* U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000
Let’s now remove 8 zeros and pretend it’s a household budget:
* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $38.50
Got It ??…….OK now,
Lesson # 2:
Here’s another way to look at the Debt Ceiling:
Let’s say, You come home from work and find
there has been a sewer backup in your neighborhood….
and your home has sewage all the way up to your ceilings.
What do you think you should do ……
Raise the ceilings, or remove the shit
I came across this site while searching for a debt clock. It’s a pre-election info page regarding the country’s debt, but the facts are the main point. It would be nice if the country’s debt really was only 16 or even 21 trillion. Things are going to blow up eventually since no one has the balls to either discuss it (our useless media) or deal with it (our even-more-useless politicians). The day of reckoning will come and when it does it’ll be ugly. What happens to all those dependent zombies once the checks stop coming in because the government ran out of everyone else’s money? They’ll be coming for your stuff. Think of it like Greece raised to the power of 100 while sucking on a meth pipe! Barry won’t talk about the debt because the debt is his friend. He’s more concerned about bringing everyone else down so equality will reign supreme. We’ll be equally miserable, but that okay. If it is good for Cuba, then why can’t we learn to adjust?
Nonpartisan financial experts tell us that our nation faces a unique set of pressures (to spend increasing amounts on health care, to sustain retirees’ benefits with fewer active workers, and to fund the growing amount of interest on the national debt) that could culminate in a massive economic crisis.
Bob Bixby, the head of the Concord Coalition, points out that no one can predict when this crisis will erupt—or if it will unfold as “a long, slow erosion in the standard of living.” To each of us, that would mean less choices in life, less freedom, and less of the things we take for granted each day.
With its shaky financial position and dozens of unfunded promises, the United States also faces threats to national security. With its financial assets in quicksand, the US would be less able to compete on an international level and less able to counter threats from competitors abroad. As our nation slips deeper and deeper into debt, it loses its flexibility, its power, and even its ability to operate on a very basic level.
The bottom line: the national debt matters because we, the people, are the ones who pay the bills. We are the ones who will be impacted by a financial crisis. That’s why it is crucial to spread the Truth in 2012.
It took the country from George Washington until Ronald Reagan—approximately 200 years—to reach the first $1 trillion in debt.
When politicians talk about reducing the deficit, they are not talking about the debt. Politicians driven by short-term election goals focus on short-term problems. For example, President Bush once told us the problem was shrinking, pointing to the annual federal budget deficit, which fell from a high of $413 billion in fiscal 2004 to about $163 billion in fiscal 2007. The debt, meanwhile, continues to skyrocket.
All of the taxes you pay, including Social Security, are used for today’s government services and benefits, not saved for the future.
According to the government’s Office of Management and Budget, “there are no economic assets in the Social Security trust fund.”
According to the Government Accountability Office, if spending on government retirement programs remains on its current course and revenues grow at their historical averages, interest on the debt could skyrocket from its current 9 percent to almost 30 percent of the budget by 2040.
Fed Chairman Ben Bernake has stated that the time to solve this problem was “ten years ago.” Meanwhile, Congressional Quarterly reports that a delay of even 10 years in solving this will double the required pain to solve it.
We are now considering making the nation’s fiscal problems much worse by expanding entitlements and bail-outs. Fiscal 2009 will add more than a trillion dollars to the federal debt via deficit spending and as much as another five trillion in unfunded liabilities.
“The president’s plan to increase taxes on the upper two percent covers the spending by this federal government not for eight years, not for eight months, not for eight weeks but for eight days. Eight days only,” said Mr. Price. “It’s not a real solution. So, again, I’m puzzled by an administration that seems to be more interested in raising tax rates than in gaining economic vitality.”