Articles tagged as

Debt

Frank Guinta – perhaps a last thought

Frank GuintaGraniteGrok worked extremely hard for Frank back in the 2010 campaign – both in the primary as well as during the general.  He said the right things and said them in such a way that was convincing.  Yes, the TEA Party and the 9-12 Project folks got behind him and helped in doing the online work, and the normal grunt work that is a part of any campaign.  We supported him.

As he went to DC, we told him to stand tall and stand strong – keep your promises.  Number one for us at the ‘Grok was the promise to do what he could to decrease the spending, to cut government.  We said that we would guard his back with pikes if necessary.  But we warned him that the pikes would go the other way, TO his back side, if promises weren’t kept (here, here, HERE, HERE, HERE,  and HERE).

This was a prescient prediction…

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Speaking of going out of business…

Uh-oh: “…Unemployment at 8%, $16+Trillion in debt, $1 Trillion + annual deficit, GDP growth is the worst recovery is vapid, the Rule of Law being ignored faster and faster….”

And now this:

Harry Reid on Raising Debt Limit to $18.794T: ‘We’ll Raise It’

(CNSNews.com) – Senate Majority Leader Harry Reid (D-Nev.) said on Wednesday that if the $16.394 current legal limit on the federal government’s debt must be raised in the next few months by another $2.4 trillion, “We’ll raise it.”

That would set the debt limit at $18.794 trillion.

Fine.  Wonderful.  Let’s have the financial armageddon come faster and harder, shall we?  Not just $16 Trillion (100% of GDP) but let’s start the process of going to twice that.  Gee, I thought that the purpose of our elected leaders was supposed to keep the country safe from enemies from without and within?  How does raising the debt to this level accomplish this, Senator Reid?  Or is this, again, a feature and not a bug?  Would you get even more peevish if I said that this would make us more “susceptible”?

Wonder if that’s why this came up – TODAY (right AFTER the election)?:

 Fitch Ratings threatens to downgrade the US’s credit rating.

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You know its bad when Obama gets the virtual 2 X 4 from……

…Iranian President Mahmoud Ahmadinejad??? “How long can a government with a $16 trillion foreign debt remain a world power?” he asked at a press conference with Kuwaiti media personnel. “The Americans have injected their paper wealth into the world economy and today the aftermaths and negative effects of their pseudo-wealth have plagued them.” Look, he … Read more

Don’t Think The Debt Matters, Think Again

We’re $16,000,000,000,000 in debt. Don’t think it matters?  Consider this: who owns the debt, and what is going to happen when they collect?  How are government programs going to remain funded when interest payments on the debt begins to siphon off those funds into coffers of the bondholders?  Ask yourself this question again after you’ve contemplated the return to the historical average interest rate and not the artificial rate we’ve been basking in.  “...from 1971 until 2012, the United States Interest Rate averaged 6.2 Percent…”,  but we’ve been enjoying rates less than 3% for what seems like five years.  The government borrows 40% of every dollar it spends in your name.  Imagine how great the interest payments will be on that borrowed money when we return to the historical average?  Think the interest rates will remain this low?

Permanence is fleeting.

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How To Be Wrong ‘By Barack Obama’

CNS News reports that the CBO, the Congressional Budget Office, using data provided by Obama’s own Office of Management and Budget (OMB), announced today that taxpayers will lose 24 billion on the various Federal Bailouts. Meanwhile, over in ObamaLand, the president is telling whomever will listen that… “We got back every dime we used to … Read more

Democrats Screw Most Vulnerable Again

A question that has long ago been answered is can government lift people up?   The answer is no.  It can only hold them down.  When it holds them all down the Liberals call this equality and history has yet to provide one example where the kind of planned economy Democrats favor ever did any better … Read more

Can Using Only Tax Increases Address The Debt Problem?

This is how I understand it.

We have $16,000,000,000,000 in debt.  We’re spending $1,000,000,000,000 more a year than we bring in, and we’ve been doing it for the last 4 years.

As a conservative, I see it as a spending problem; we simply spend more money than we have. We get the money by borrowing from our children, leaving them the debt to be paid.  But hey, I’m human; I may be wrong; I just want the debt burden lifted off of my children and future grandchildren so that they may have the life my parents afforded me, so I’m open to alternatives.

So, let’s try to tax our way out of it.  And no hodge-podge right wing loon sources; we’ll use only liberal or other non-conservative sources to get our data to address our concern. We’ll assume no cuts in spending, only raise taxes, and all else being equal.

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Notable Quote: Adam Smith – The Avarice of ‘Princes’

…for in every country of the world, I believe, the avarice and injustice of princes and sovereign states, abusing the confidence of their subjects, have by degrees diminished the real quantity of metal, which had been originally contained in their coins. … By means of those operations, the princes and sovereign states which performed them … Read more

What does the TEA Party want?

They say, “If you’re taking flak, you’re over the target.”  Thus the TEA Party, whose common sense demands for fiscal responsibility and constitutionally limited government are shared by most Americans, is attacked by people who most likely never attended a TEA Party meeting or understood TEA Party documentation.

Thousands of TEA Party groups and millions of members agree that passing debt to our children and grandchildren is immoral and un-acceptable, and that government spending must be limited to government revenue. 

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Royal Treatment

king-obama-and-queen-michelle-antoinette-let-them-eat-cakeAuthor Robert Keith Gray has written a book called ‘Presidential Perks gone Royal.   In his book  he points out that the amount of tax money spent on this First Family,I’ll call it the Obama Dynasty, has risen tremendously.

For perspective, last year, according to Gray, Britain spent 57.8 Million to keep up appearances for entire Royal Family.  Americans spent 1.4 Billion on the Obama Presidency.  (That’s just for one year.)

Gray told The Daily Caller that the $1.4 billion spent on the Obama family last year is the “total cost of the presidency,” factoring the cost of the “biggest staff in history at the highest wages ever,” a 50 percent increase in the numbers of appointed czars and an Air Force One “running with the frequency of a scheduled air line.”

To quote Mel Brooks.  “Its good to be the king.“

Obama Legacy

We’ve had 43 straight months of unemployment above 8%, gas prices have risen more than 100%, national debt has exceeded $16 trillion-plus, and the average family’s net worth has fallen 40%. Forward!  

Remembering Democrat Rule – No Taxes Means More Taxes

In 2007 New Hampshire Democrats assumed complete control of state government.  And much like the Democrat rhetoric in the current 2012 campaign, back in 2007,  their first budget,  New Hampshire’s first budget over 10 billion dollars, was billed by the Democrats as a budget that “addresses our state’s priorities without new taxes.” Addresses our ‘State’s’ … Read more

Obamanation. The (ever growing) List

I should have done this long ago because it’s very difficult to remember the multitudes of  disasters achieved by Obama and Democrat rule.  So here’s the first edition of an obviously non-exhaustive list of achievements accomplished by Obama and the Donks.  I plan on updating this frequently as more comes to my memory (feel free … Read more

The Deficit From The Democrat National Convention

Looks like the Democrats reckless spending culture permeates everything they do–From Michael Patrick Leahy at Breitbart.com. On Friday, Bloomberg News reported another embarrassing fact about the recently completed Democratic National Convention: it operated at a $15 million deficit. In a move certain to raise eyebrows at the Federal Election Commission, $10 million of that deficit was … Read more

Joke: Three NH Democrats for Governor Walk Into A Debate…

Three NHDP stooges for Governor Maggie Hassan, Jackie Cilley, Bill Kennedy…all three of them want to raise your taxes.  But seriously folks….they do.  They all want to empower the state to take more of your money.  So what is there to debate? …How they disguise that desire.  But it is a distinction without a difference, or is that a difference without a distinction?

Whichever stooge you choose, Bill “No DGA if No Va-Jay-Jay” Kennedy, Maggie ‘Louisville Slugger’ Hassan (aka Bat Gurl), or Jackie “Tax and Spend us” Cilley, they all want to grow government right now, regardless of any economy, at your expense.

So Democrats need the debate to figure out which stooge will be the best liar?

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Parliment of Whores Update – ‘Fore’ More Years

The lefts parliament of whores has convened in Charlotte and two important things happened.  First, Charlotte’s collective IQ dropped 70 points.  Second, they want four more years. Of what? Adding another six trillion to the national debt? Another 48 months of unemployment over 8%? Median income dropping another $4,000.00? 47 million people on food stamps? … Read more

Spenders, Please Wake Up!

I just read the Merrimack Patch’s Letter to the Editor, and I must say that it’s disconcerting at best.  You can pretend all you want that we live in a land where we can spend, spend, spend and somebody else will pay without heartache.  But to me, that’s delusional and irresponsible.  That’s walking up to a child, knocking her off her bicycle, taking her ice cream, and then riding away pretending not to notice the upset cries as you careen down the street.  Well there are cries, and they’ll get louder.  $16,000,000,000,000 of debt will begin to level some serious cries and pretending that the Orwellian named “Affordable Care Act” is A. Affordable, and B. will actually provide care when you need it is, indeed, an act of delusional, irresponsible lunacy.

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