Updated and Bumped: audio added:
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Was on with Jeff Chidester and his sidekick Justin McIsaac from 6 – 6:30 this morning (and will be again tomorrow morning) and we talked about the NH House passing SB 2 as elected politicians have lost the trust of the voters to do the right things in terms of spending. We also talked about OUR national debt and annual deficits, and how a few percentage points difference in the rates the US pays on our financial obligations would absolutely put a stop to social spending.
I mentioned that Portugal, as one of the PIGS (Portugal, Italy, Greece, and Spain; the clump of Euro countries all in dire straits), is already showing what will happen to us if our politicians do not clamp down on the spending fiasco coming out of DC:
Our debt payment would easily go from number four on the list of largest US payment items (exceeded right now only by Social Security, Medicare, and Dod) to number two or first if the bond markets found that we, as a nation, just weren’t sufficiently trustworthy and presented a risk of default. As I said on the show, look what has happened to the price of money to Portugal:
Very steep, and very quickly. This, in financial terms, is a "cliff". Fear it.
Yes folks, if the chuckleheads in DC do not finally look disaster in the eye and make the hard decisions we sent them to do (and to which they have thus far punted on), this will be us. And while this is seen as a Conservative issue, this ought to be a Liberal concern as well, for if all the money is going to service the debt (because of your wastrel spending in the first place), you are going to have to wave your New Deal / Greatest Society dreams of the biggest welfare state in history goodbye.
Links on stories that we did NOT get to after the jump:
So, what’s the diff between Dems and Communists?
http://granitegrok.com/blog/2011/07/are_the_democrats_any_different.html
Unit costs matter – it certainly did in WI for Education!
http://granitegrok.com/blog/2011/07/data_point_obamas_annual_deficits.html
So NOW how is the TSA going to search us all now?? Bombs to go internal?
Look at the bright side – we’ll start saving Fed money on the TSA in 3…2…1….no more fliers!
http://bigpeace.com/stzu/2011/07/06/terrorists-may-put-bomb-implants-inside-humans/
Global Warming – who knew that China’s air pollution saved us all???
http://yidwithlid.blogspot.com/2011/07/latest-climate-stupidity-fossil-fuel.html
On Obamacare’s Individual Mandate – lower court dares Supremes to override me! The dissent by james Graham is, and the way that Sutton wrote in the majority, WONDERFUL, as it outlines each of the questions that the Supremes will now have to address (because he brought them up). Always remember, though, that I am not a lawyer and never play one on the blog
http://blogs.forbes.com/aroy/2011/06/29/sixth-circuit-punts-on-obamacares-individual-mandate/
The language: "that’s racist" same as crying wolf??
http://www.aei.org/article/103829
Gallup Poll: Cain and Bachman "most intense support"
http://granitegrok.com/blog/2011/05/2012_presidential_primary_intensity.html
Oil release from SPR – a dud.
http://pajamasmedia.com/instapundit/123769/
Sixth Circuit – it is racial discriminatory to stop racial discrimination (affirmative action).
http://www.nationalreview.com/corner/271196/sixth-circuit-and-racial-preferences-robert-verbruggen
Gunwalker – BATF head Ken Melson turns whistleblower on Eric Holder? Break out the popcorn!
http://hotair.com/archives/2011/07/06/atf-director-melsons-secret-fourth-of-july-fireworks-and-the-post-testimony-fallout/
http://www.redstate.com/moe_lane/2011/07/06/fast-and-furious-update-ken-melsons-secret-testimony/
