national debt Archives - Page 3 of 3

Lunatics? To NOT spend more than what the US can repay?

September 26, 2018January 5, 2013 Skip

$16 Trillion for our national debt. A whole ton of money, which I’m not entirely sure that IF (and that is a mighty BIG IF) our CongressCritters and President were truly serious about our financial affairs, we could pay back in any kind of reasonable time frame. But actions to date have proven that Obama is continuing his policy of Determined Weakness, other Progressives are hoping for a Cloward-Pivens moment, and Establishment Republicans continue to be “Appropriators” (that is, people who figure out how to spend other peoples’s monies). The only folks that seem to be extremely serious (and scared out of their gourds) are TEA Party type ConcressCritters who realize that a 2% change in interest rates on our debt could Greece look like a lawn party.

So, who is the lunatic here? I’ll side with Rick Santelli (emphasis mine):

The analyst said that the only obstacle he sees to the continued expansion of the U.S. economy were “lunatic Republicans” who may bring about an “insane technical default” when they attempt to negotiate spending cuts as part of a deal to increase the debt ceiling limit.

“That’s the worry here,” Evans concurred. “Will we have a self-inflicted wound – a gunshot to the head?”

Right, so forget HOW much is on the national credit card and the “lunatics” that say we need to say stop – we HAVE to keep spending !!!! These folks are all about paying what we have spent, and I’m ok with that. What is missing in their equation is the adult part of this – and here, Rick Santelli again lends himself to the “adult in the room” scenario that is absolutely missing here:

Quotes worthy of note….

September 26, 2018December 28, 2012
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“Michael Tanner of the Cato Institute calculates that Greece owes 875 percent of GDP for unfunded liabilities; the United States owes 911 percent, or almost twice as much as France at 549 percent.” —Mark Steyn Are we broke?

Yeah, Obama is REALLY protecting the kiddies, isn’t he?

September 26, 2018December 22, 2012 Skip

Who else, in his mind, is better qualified to spend their future now then he? (H/T: Mac)

An indictment of America’s political class

September 26, 2018December 22, 2012 Tim Condon

Bill Whittle speaking on America’s current political leadership: “The stockpile of wealth that it has taken over 200 years to accumulate has been spent. The miserable, unserious, criminally negligent, incompetent, immoral, reprehensible, traitorous, swine have spent every last gold coin in America’s former mountain of wealth. And they haven’t stopped.” From Afterburner. Well. Worth. Watching.

Surprise! Real U.S. national debt is $86.8 trillion.

September 26, 2018December 3, 2012

I swear. The Wall Street Journal has better letters-to-the-editor than any other newspaper. Sometimes they educate all by themselves. For instance, here are comments on a piece about our real national debt being over $85 TRILLION, not the measly $16 trillion obediently reported by the media: From George Leef in Raleigh, North Carolina:

By voting for another four years of Obama…

September 26, 2018November 16, 2012

…America may have sealed its fate. Here’s why:

GrokTV Event – Seacoast Republican Women Congressional Forum – Question 4

September 26, 2018August 13, 2012 Skip

To recap: five of the questions asked of the Candidates at the Seacoast Republican Women Congressional Forum were contributed before and during the event by the actual attendees with the lone exception of the last Question by Stella Scamman, the moderator. The Candidates answering were:

NH First Congressional District – Rick Parent, Vern Clough NH Second Congressional District – Will Dean, Dennis Lamare

“NO SHOWS”: Incumbents Congressmen Frank “Stiffing the SRW at the last moment” Guinta and Charlie “It’s not worth my time” Bass.

Much has been made of the annual debt (now all of the years of Obama’s Presidency have had $1 Trillion deficits) and the debt, but little on how to pay that $16 Trillion debt (which soars to over $130 Trillion if you count unfunded future liabilities) – Question 4: How will you work to reduce the debt limit?

Its Time to Ignore Liberal Bullying

September 26, 2018October 27, 2011 Don

To the Editor:

Mr. Veverka and Mr. Hightower would have you believe that any time a liberal imagines a need, the government should reach into your pocket, or at least your neighbor’s pocket, and take your (or his) money. Or, more accurately, the government should borrow money from the Chinese for which we promise repayment of principal, interest, and a little bit of the opportunities, freedom, and standard of living of our children, grandchildren, and future generations of Americans.

Anyone who does not immediately jump at this “bargain” will be the target of name calling, lies, and hysterical personal attacks. This intimidation is to blame for a significant amount of our current approximately $15 trillion national debt and so many flawed government programs.