Categories
Politics

Debt ceiling madness

It may seem hard to understand or even to believe.
However we are facing a real crisis and this one has been coming for a long long time.

Received in an email,
(not necessarily the opinion of the owners of this website)

Debt limit: More of the same?

Tell Washington NO!
Sign the petition: Any proposal must cut spending now and fix the budget process.

Dear Fellow Conservative,

Since the Spring, Washington has been abuzz with debt limit deadlines and rumored deals. But instead of actually solving our spending-induced debt crisis, Washington is delivering more of the same: secretive deals, gimmicks, and tax increases.

Do you want more of the same?

No! Cut spending now and fix the budget process.

Our children and grandchildren deserve a real proposal that cuts spending to squarely address our enormous debt.

Tell Washington: no more business as usual.

Are you with us? Sign the petition.

Michael A. Needham
Chief Executive Officer
Heritage Action for America

Categories
Politics

debt crisis

Received this in an email it is something that is a serious issue and something that seems as if Washington just cannot figure out how to deal with it.

When will we learn from history, back in the days of Jimmy Carter, disastrous, (allegedly) presidency there were many things that happened, but never like this, what will happen next, with natural disasters looming on the horizon and thousands of acres of farm land laying in ruin…
Dear Patriot,

On May 16, 2011, the statutory national debt ceiling of $14.294 trillion ($14,294,000,000,000.00) was reached, igniting a political firestorm over whether to raise the limit and allow the federal government to bury itself in trillions more in debt. Obama’s Treasury Secretary Timothy Geithner warns of doomsday if we don’t allow more borrowing, suggesting the United States “could” default on its obligations for the first time in history and create a global economic collapse.

Secretary Geithner has put in place “emergency measures” to prevent the government from defaulting on bond interest obligations that he says will get us through early August. Most political analysts expect that Congress will raise the limit prior to default and the bill will quickly be signed by the President who will declare it a “good day for America”.  Of course, he’ll ignore how this enormous debt mortgages the financial future of our children and grandchildren.

When President George W. Bush was elected in 2000, the National Debt stood at $5.727 trillion dollars. During Bush’s eight years in office, that debt grew by $4 trillion. In less than three years of the Obama presidency, the US has added yet another $4 trillion in debt, much of which is owed to China, Japan, Saudi Arabia, and many European countries. Borrowed money has paid for three failed bailouts of Wall Street investors, the takeover of our auto industry, and even more out-of-control spending.

Under current budget projections, Federal government spending will increase the debt level to an astounding $16.5 trillion ($16,500,000,000,000.00) by the end of next year. Most Americans understand that spending more than one takes in results in financial disaster on a personal level. Only the government’s ability to print money and influence interest rates allows it to forestall similar disaster on the national level, but only for a limited time.

Anyone who has filled a car with gas or purchased groceries recently has felt the creeping inflation resulting from our devalued dollar, “quantitative easing,” and other failed Federal policies. Politicians and the Main Stream Media proudly declare that inflation is in check; but there is something they are not telling us. To make the numbers look better than reality, the Consumer Price Index (CPI) is manipulated by minimizing changes from food and fuel, allowing our leaders to hide the truth that inflation is here and growing at an alarming pace. If our government continues with its irresponsible spending and economic policies, we may ultimately see hyperinflation that dwarfs the inflation problems of the failed Carter presidency.
Despite our massive debt, I am not naïve enough to think that Congress will refuse to raise the debt ceiling.  However, we must pressure our elected officials to use this as leverage to pass significant, lasting spending cuts as a condition of increasing the debt. We must stand with those leaders courageous enough to tell the truth to the American people knowing they will be demonized in the main stream press. Stand with us to support Senator Rand Paul (R-KY), Rep. Michele Bachmann (R-MN), Rep. Allen West (R-FL), Rep Ron Paul (R-TX) and a short list of other members of Congress with the guts to tell it like it is. It is our children’s future that is the real victim of reckless government spending.

Sincerely,
Joe Miller
Chairman, Western Representation PAC

Categories
gold not worth anything stock market

Gas prices go up

When will it stop, and when will Obama be blamed for it like Bush was?  Are they really this dumb that they think the public is not aware of their duplicity?

 

Will history repeat, remember when a previous president tried to control the market by putting a freeze on prices and how disastrous it was for the economy, what was that by the way?

 

It seems there is no end in sight to the high prices being paid for gasoline, in fact some are predicting $7.00 per gallon by the end of this year, perhaps even more, but why are the prices going up so quickly, when it is a proven alleged, fact, from petroleum insiders, that it takes three months for the crude oil that is purchased to day to reach the gas pumps, so why is it that no one has done anything to prevent all this price gouging?

That would be a great question to ask if we actually had any reporters that were still asking questions at press conferences.

Considering, that we could release some of the oil for production, and actually pay down the enormous debt, why is this not being considered.

Think about that for a few minutes, how much oil could the US sell, on the market to satisfy some of the debt that we have allowed an out of control Washington to run up?

 

Crisis, in the USA as Gas prices head toward, the tipping point for the poor and the working consumer.

Diesel prices go up and up, and up, food will be next if you have not already done so, you need to seriously consider stocking up on food, at least buy more than you usually buy.

 

When the prices keep going up the ones that will be hurt the most are those that have to commute to work, imagine having to spend more money than you make just to get to a job that pays not even enough to feed you.

That is the future that awaits the average American if Oil reserves are not released.

As the Gas prices and the Gold prices go up the stock market is going down, it could be a rough ride over the next few days, some allegedly have said that a 400 point loss might be seen before a recovery is made, and that is note written in stone or gold as far as that goes.

Gas at $6 to $8 Dollars per Gallon coming to America?

They say gold is going up and up and up and where it stops no one knows, but hey let me give you one piece of really good advice.

People, You Cannot Eat your gold, it will not feed you when your hungry.

Hope that helps some of you out because, most people live from payday to payday, and they keep less than a three day supply of food and even less water.

Consider that for a moment and the gold comment will fit in much better.