Friday, March 1, 2013

The First Four Obama Years Were a Painful Preview of the Next Four

Townhall ^ | 03/01/2013 | Donald Lambro

WASHINGTON - Americans are by nature an optimistic, hopeful people, but the persistently dismal economy of the Obama years has crushed that spirit to debilitating levels.
As President Obama plunges into his second, four year term, Americans are more depressed about the future than at any time since the Carter years, according to the Gallup Poll.
Only 39 percent of Americans rated the nation's climate as positive, the lowest level Gallup has recorded since the end of Jimmy Carter's single term in office in 1979. That's when inflation was soaring and the U.S. economy was in shambles.
Only 48 percent now say things will get better in the next four to five years -- also the lowest polling level since 1979.
As Obama was putting together a new administration, a Gallup poll for USA Today found that worried Americans were deeply divided over whether his second-term policies would be any more effective than the failed policies of his first term.
Just 35 percent said economic conditions will improve, while 42 percent said they would worsen. A gloomy eighty percent predicted that their taxes and the crime rate would rise. And three in four expected a "troubled year" abroad when U.S. power and prestige would decline.
Not exactly a bullish vote of confidence in a president who had just won a second term by a narrow popular vote and had not run on any specific economic agenda for the next four years.
More than four years ago, the biggest public concerns troubling most Americans were the economy, jobs and unemployment, dysfunctional government, the federal budget deficits and debt, and rising health care costs.
Today, according to the Gallup Poll, the "Big Five" problems facing the country that bother Americans the most: "1. The economy, 2. jobs and unemployment, 3. problems with the way government works, 4. the federal budget deficit, and 5. healthcare."
In other words, not much -- if anything -- has changed in the past four years. We face the same troubles now that we did then. Obama can't point to one of these issues and honestly say that he has fixed any one of them.
He said he would cut the budget deficit in half in four years, but it's skyrocketed to unprecedented trillion dollar levels in each of the last four.
He said he would reduce unemployment to 6 percent, but it remains at 8 percent nationally, and at double digit levels among African-Americans, Hispanics, and young adults and in a number of states.
He said he would, by his leadership, make government work again, yet clearly the divisions that plague Congress and the administration are much worse now than they've been in recent memory. The simplest tasks of governing, like raising the debt ceiling, became enormous obstacles under his presidency.
Annual budgets are things of the past and the problem is not the House Republicans. The GOP has passed three, only to see them ignored in the Democratic Senate which hasn't passed a budget in years.
Obama's economic plans and other recommendations have been routinely ignored in Congress since 2009, even by his own party.
But the key reasons behind the pessimistic mood that has cast a pall of gloom across the country can be found in Gallup's other polling data to take the economic pulse of the nation each week or so.
Among them:
1. Unemployment: 8.0 percent.
2. Underemployment (people forced to take part-time or temporary jobs, or work fewer hours, because they cannot find full time employment): 18.1 percent.
3. Economic confidence: minus 19.
4. Americans who say they are "struggling": 44 percent.
5. Americans who say they are "suffering": 6 percent.
6. Americans who say they are under "stress": 13 percent. You do not have to scour the country, or dig deeply into the nation's economic and social data, to discover why so many Americans have become increasingly pessimistic. Not just about America's future, but about their own daily finances.
When Barack Obama took office on Inauguration Day 2009, regular gas was selling for $1.90 a gallon. But under his restrictive, anti- fossil fuels policies, gas prices have more than doubled.
According to the AAA's nationwide, gas pump surveys, the average price for a gallon of regular was $3.80 this week, and $4 or more in many sections of the country.
Obama promised us he would be something about the rising costs of medical care. But The Wall Street Journal reports that "Health insurance premiums have been rising -- and consumers will experience another series of price shocks later this year when some see their premiums skyrocket thanks to the Affordable Care Act, aka Obamacare."
Obama repeatedly has claimed that health insurance policy premiums would be $2,500 lower at the end of his first term, but prices are "actually about $3,000 higher -- a spread of about $5,500 per family," the Journal reported.
Some of Obama's chief advisers and supporters say we had better get used to high unemployment, far slower economic growth, rising taxes and higher prices just for the essentials of life -- because this is "the new normal."
Don't believe that for a second. The dismal, jobless, economic period we are in is entirely abnormal, brought about by people and policies put into play by Obama.
Our debt didn't just happen; it is the result of excessive spending fueled by Obama's costly programs. Jobs are in short-supply because of his anti-growth, anti-jobs policies that killed trade expansion, slowed oil drilling and raised taxes on business investment and job creation.
President Reagan finished his first, tax-cutting term in office with stunning economic growth rates between 5.8 percent and 8.5 percent. Obama ended his first term with near zero growth (0.1 percent) in the fourth quarter of his fourth year in office.
Little wonder Americans are pessimistic about the future. The past four years look like a painful preview of the next four.

House & Senate Republicans Set to Endorse and Fund Obamacare ^ | March 01 2013 | By: Erick Erickson

You want to know why the left is more successful at politics? They are willing to move heaven and earth to create new dependency programs, despite the electoral risks. They understand that once the program is implemented, Republicans will never have the guts to undo it. And they are correct. Even some of our best conservatives lack the gumption to do what it takes to eliminate the worst program of all time – Obamacare.
In fact, House conservatives, not just the general rank and file Republicans, appear set to endorse Obamacare and approve its funding. Yes, even former Republican Study Committee (“RSC”) Chairmen Jeb Hensarling, Tom Price, and Jim Jordan along with present RSC Chairman Steve Scalise will do so, but I’m sure ACU will give them sufficiently high “conservative” scores to hide behind like they did with Mitch McConnell.
It’s ironic to watch some of the real conservatives and a lot of the so-called conservatives get excited about the prospect of producing a balanced budget with healthcare entitlement reform. Do these people really think we will be able to reform Medicare, which is a wildly popular program, when they lack the testicular fortitude to pull the trigger on Obamacare – a program that is still unpopular?
Republicans promised to defund Obamacare. They lied. Now we are at the end of the rope.
(Excerpt) Read more at ...

Arizona gun shop bans anyone who voted to re-elect Obama!

ABC Channel 15 ^ | 17 Nov 2012 | Steve Kuzj

PINETOP, AZ - A small town gun shop is creating big time controversy with a sign banning anyone who voted to re-elect Barack Obama.

The Southwest Shooting Authority in Pinetop, Arizona has a sign in the window that reads:

"If you voted for Barack Obama, your business is not welcome at Southwest Shooting Authority. You have proven you are not responsible enough to own a firearm."

Shooting Authority owner Cope Reynolds made the sign a few days after the presidential election. He also placed an ad in the local paper. Since then, it has exploded in popularity and gone viral.
Reynolds stands behind his anti-Obama sign’s message.

"I can’t imagine, after seeing what this man can do in four years, how stupid do you have to be to vote again to get the same thing. It's unimaginable to me," he said.

(Excerpt) Read more at ...

Incomes Drop Most in 20 years!

San Diego Source ^ | 03/01/2013 | Michelle Jamrisko

Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank.
Household purchases, which account for about 70 percent of the economy, climbed 0.2 percent after a 0.1 percent gain the prior month, a Commerce Department report showed today in Washington. The median estimate in a Bloomberg survey of 76 economists called for a 0.2 percent advance. Incomes slumped 3.6 percent, sending the saving rate down to the lowest level since November 2007.
Employment gains, the rebound in housing and growing demand for autos will probably keep supporting consumer spending in the first quarter as the world’s largest economy picks up from an end-of-year slowdown. Even so, rising gasoline prices and the need to rebuild nest eggs may make it difficult for households to match last quarter’s performance.
“It’s going to be touch and go for the consumer for the next few months,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester, Pennsylvania, who correctly projected the 3.6 percent drop in income. “The consumer is going to be able to support the recovery, but they’re not going to be able to take it” to a higher level, he said.
Stocks Drop Stock-index futures held earlier losses after the report. The contract on the Standard & Poor’s 500 Index maturing this month dropped 0.4 percent to 1,506.7 at 9:03 a.m. in New York.
Projections for spending ranged from a drop of 0.2 percent to a 0.4 percent gain.
The Bloomberg survey median called for incomes to fall 2.4 percent.
The slump in incomes in January was the biggest since January 1993 and followed a 2.6 percent jump in December. Some companies paid dividends and employee bonuses earlier than usual before tax rates went up this year, removing a gain usually seen in January. The Commerce Department estimated the January level of wages was reduced by about $15 billion and December was boosted by about $30 billion, reflecting the timing of the bonuses.
The saving rate dropped to 2.4 percent from 6.4 percent. Disposable income, or the money left over after taxes, dropped 4 percent after adjusting for inflation, the biggest plunge since monthly records began in 1959.
Consumer Spending Adjusting consumer spending for inflation, which renders the figures used to calculate gross domestic product, purchases rose 0.1 percent in January for a second month, today’s report showed.
Consumer purchases grew at a 2.1 percent annualized pace in the fourth quarter, up from 1.6 percent in the previous three months, as Americans bought more durable goods including automobiles.
The economy grew at a 0.1 percent rate from October through December, less than forecast, as companies reined in gains in inventories and national defense outlays dropped 22 percent, the biggest since 1972, Commerce Department data showed yesterday.
Today’s report showed a price gauge tied to consumer spending, which are the figures tracked by Federal Reserve policy makers, was little changed in January from the prior month. Over the past 12 months prices rose 1.2, the smallest year-to-year gain since October 2009. The rate compares with the central bank’s goal of 2 percent.
Excluding food and energy costs, prices climbed 1.3 percent in January from the same month in 2012, the smallest year-to- year gain since April 2011.
Less Inflation Little inflation, combined with sluggish growth, mean Federal Reserve policy makers are likely to continue unprecedented monetary easing measures.
“Available information suggests that economic growth has picked up again this year,” Bernanke said earlier this week in testimony to the Senate Banking Committee in Washington.
Still, Bernanke cited an estimate from the nonpartisan Congressional Budget Office that the spending cuts known as sequestration will cause a 0.6 percentage-point reduction in growth this year.
“Given the still-moderate underlying pace of economic growth, this additional near-term burden on the recovery is significant,” he said.
The expiration of the payroll tax cut in January, coupled with climbing gasoline prices, are trimming discretionary income and may damp household purchases in the first quarter.
Payroll Tax Congress and President Barack Obama allowed the payroll tax to return to its 2010 level of 6.2 percent from 4.2 percent at the start of the year, which means an American who earns $50,000 is taking home about $83 less a month.
The average price of a gallon of regular gasoline at the pump rose to $3.78 on Feb. 27, little changed from the previous day’s rate that was the highest in more than four months, according to AAA, the biggest U.S. motoring group.
On a brighter note, sentiment is rebound as employment grows. The Conference Board’s sentiment index jumped in February from a revised 58.4 in January, data from the New York-based private research group showed this week. The measure’s 11.2- point jump was the biggest since November 2011, offsetting much of the almost 15-point slide over the previous three months.
Interest Rates Interest rates hovering near record lows and growing availability of credit are buoying the auto industry, including Fort Lauderdale, Florida-based AutoNation Inc. (AN), the biggest dealership group in the U.S. Attractive financing may push sales comfortably above 15 million this year, the highest since 2007.
“We have the best financing available for our customers ever,” Mike Jackson, chief executive officer of AutoNation, told a J.D. Power & Associates conference this month in Orlando, Florida.
Cars and light trucks sold at a 15.2 million annual rate in January after 15.3 million in December, according to data from Ward’s Automotive Group. Including November’s 15.5 million rate, auto sales over the past three months have been the strongest in five years. February data is scheduled for release today.

Gullible Nation ^ | March 1, 2013 | Mona Charen

Responding to the Obama administration's operatic warnings of catastrophe for Meals on Wheels for the elderly, Head Start, meat inspections, air traffic controllers, and police, fire, and 911 operators if the government reduces the rate of increase of federal spending by 2 percent, radio host Chris Plante offered the following suggestion: "Since this two percent obviously covers all essential government spending, let's cut the other 98 percent!"
Even if these "draconian cuts" are implemented, the federal government will spend more this year than it did last year.
Another way to think about it is this: In 2007, the government was 40 percent smaller than it is today. Were poor people sleeping under bridges? Were the elderly starving? Were planes grounded? Was food unsafe to eat?
Here's another question: Are Americans really this gullible? The president's doom saying is so absurd that a mature country would hoot him off the stage. As it is, the housebroken media credulously report his obviously partisan scare mongering as fact.
As the sequester has loomed, the president and even many Republicans have argued that these "across the board" spending cuts (they're actually just reductions in the rate of increase) are "stupid" and "destructive" and so forth. This raises (it doesn't beg) the question: if cutting spending across the board is so stupid, what does that say about the priorities of the congress and president who passed these spending bills in the first place? If our spending priorities are so out of whack that cutting everything equally is unthinkable, why hasn't the government adjusted those programs before now?
Isn't it the job of elected representatives to pass laws, oversee their execution and adjust accordingly? There is a rumor that the U.S. has two Houses of Congress, but the Senate hasn't been heard from in years. While the Republican House has passed budgets that would slowly reduce the levels of federal debt over 10 years, the Democratically-controlled Senate has played see-no-evil, hear-no-evil, but alas not speak-no-evil. In any case, that body has not passed a budget in nearly four years.
Democrats like to pretend that every last penny of government spending is wise, benevolent and essential. My guess is that perhaps 15 percent of discretionary spending meets all three of those criteria, but we'll never know because government programs are rarely evaluated for effectiveness, efficiency or necessity. According to the Government Accountability Office, the government runs 50 different programs for the homeless across eight agencies, 23 programs for housing aid in four agencies, 26 programs for food and nutrition aid among six agencies, 27 programs on teen pregnancy, 130 programs for at-risk youth, 10 agencies to promote exports and 342 programs for economic development. The federal government runs 47 different job-training programs at a cost to the taxpayer of $18 billion annually. The GAO found that "Only 5 of the 47 programs ... examined had done detailed impact studies" and that among those "the effects of participation were not consistent across programs, with only some demonstrating positive impacts that tended to be small, inconclusive, or restricted to short-term impacts."
Entitlements eat up two-thirds of federal spending and are excluded from sequestration, which is too bad because an estimated $20 billion is wasted on Medicare fraud every year. As for Medicaid, a New York Times investigation found that between 10 and 40 percent of New York's spending was lost to fraud and theft yearly. Other estimates suggest that 33 percent of Earned Income Tax Credits (about $9 billion annually) are erroneous or fraudulent.
Sure, the government performs some necessary functions, but it is also vulnerable to abuse because nobody is watching. Consider the example of Al Gore. Upon leaving the vice presidency, Mr. Gore's net worth was estimated at $2 million. But with the advent of Mr. Obama's "investments" in green energy, Mr. Gore has profited handsomely. His company, General Investment Management, invested in a number of companies that received "green" subsidies. Gore's net worth (before the sale of Current TV to Al Jazeera) was estimated by the Washington Post to be $100 million. The Obama economy has been awful for average Americans but exceedingly profitable for the well connected.
Some government spending is necessary, much is sinfully wasteful, and the remainder is corrupt. If Americans have stopped believing that then a key aspect of the American character is dead.

Obama cries robbery but it’s only about 2 cents!

Washington Times ^ | 03/01/2013 | Kevin Brady

Like the little boy who cried wolf, the White House has decided that if there isn’t a crisis, you can create one and take advantage of it. That sums up President Obama’s approach to the looming sequestration.

To hear Mr. Obama describe it, one might be led to believe that come Saturday, America will be in an episode of “Survivor” — without teachers, firefighters, air-traffic controllers, etc. The president’s antics might make for funny reality TV, but the underlying scare tactics belie reality and are truly beneath the dignity of a serious debate.

Mr. President, whether you padlock our national parks, parade our preschoolers out of Head Start, send our air-traffic controllers home or promise longer lines at the airline TSA checkpoints, grandstanding isn’t problem-solving.
To be sure, the indiscriminate sequester reductions make little sense. That’s why, despite the president’s threats to veto any attempt to alter sequestration, House Republicans have twice passed and sent the Senate legislation to make alternative savings in government spending. What the president refuses to understand is this is a matter of priorities. All government spending is not created equal. Some spending, like protecting our nation’s security and honoring our commitments to our veterans and Social Security recipients, are truly more important than other spending, like presidential vacations to Hawaii, Aspen, Martha’s Vineyard and Palm Beach.
With the already-once-delayed sequestration scheduled to kick in Friday, the only solution the president seems willing to embrace is taking more from hardworking taxpayers so the federal government can keep spending.
In February, Mr. Obama decided that it was more important to put millions on the taxpayers’ tab to golf with Tiger Woods while his family skied in Aspen than it was to stay in Washington and work with Congress to address a “crisis” of his own making.
(Excerpt) Read more at ...

All Of This Whining About The Sequester Shows Why America Is Doomed!

Zero Hedge ^ | 02/28/13 | Michael Snyder

If we can't even cut federal spending by 2.4 percent without much of the country throwing an absolute hissy fit, then what hope does America have? All of this whining and crying about the sequester is absolutely disgraceful. The truth is that even if the sequester goes into effect, the U.S. government will still take in more money than ever before in 2013 and it will still spend more money than ever before in 2013. So it is a bit disingenuous to call what is about to happen "a spending cut", but for the sake of argument let's concede that point. Even if the budget really was being "cut" by 85 billion dollars, that only would only amount to a "cut" of 2.4 percent to federal spending. It would barely make a dent in the federal budget deficit for 2013.
The U.S. government would still accumulate about as much new debt in fiscal year 2013 as it did in all the years from the inauguration of George Washington to the inauguration of Ronald Reagan combined. Our debt to GDP ratio would continue to soar. The sequester cuts would essentially only be a minor bump on the road to financial oblivion. But if you listen to Barack Obama and his allies, they would have you believe that we are facing a great national crisis because of these impending cuts. They would have you believe that hundreds of thousands of people will lose their jobs and that many government agencies will no longer be able to operate effectively. They would have you believe that "granny won't get her lunch" and "roofs blown off by Hurricane Sandy won't get repaired".

Well, if all of that is true, then what in the world would our country look like if we actually cut a trillion dollars from the federal budget this year and started living within our means?
Have you ever known people that are already hundreds of thousands of dollars in debt and yet go out and regularly blow thousands more dollars on wild shopping sprees?
Such debt addicts may be very proud of their new homes, their new cars, their new clothes and all of their fancy electronic gadgets, but it was all purchased with debt. When a "day of reckoning" finally arrives, many debt addicts lose absolutely everything and end up in the street.

That is what America is like today.
Our politicians like to show off all of the stuff that our government is spending money on, but the truth is that we are spending gigantic mountains of money that we simply do not have. We are literally stealing from our kids and our grandkids so that we can continue to enjoy a massively inflated standard of living that we have not earned.
But we can't stop ourselves. Americans are absolutely addicted to big government. They want a gigantic government that sends out free money to more than 100 million Americans every month, but they absolutely do not want to pay for it. They would rather steal money from their children and their grandchildren to pay for it.
This has got to stop, because we are literally destroying the future of this country.

If Americans really want a massively bloated government that takes care of everyone from the cradle to the grave then they should pay for it.

If Americans don't want to pay for it, then they should reduce the size of the government to a level where they are willing to pay for it.

But stealing money from future generations of Americans to pay our bills is absolutely disgraceful.

As I talked about in a previous article, we are stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day.
Is there anyone out there that is willing to stand up and defend that kind of theft?

But the vast majority of Americans don't want to do anything to stop it, because they don't want to harm "the economy" (i.e. our ridiculously bloated standard of living).
Will the sequester cuts hurt the economy a bit?
Of course.
Government spending cuts always hurt the economy.
If we raised taxes to help pay the bills that the federal government has been racking up, would that hurt the economy?
Of course.

Tax increases always hurt the economy.

But if we continue on the path that we are today, America is doomed.
The U.S. national debt is the biggest single debt in the history of the world. It is now more than 16.6 trillion dollars, and it has gotten more than 23 times larger since Jimmy Carter first entered the White House.
If our politicians suddenly decided to go to a balanced budget today, our debt-fueled "bubble economy" would disappear and we would immediately plunge into a deep economic depression.
Do the American people have the character to be able to handle that kind of an "adjustment" to our standard of living?
Of course not.
That is why so many of our politicians are scared to death of doing anything about the debt.
And even these small sequester "cuts" are freaking everyone out. Many of our politicians and many in the mainstream media are openly declaring that "the sky is falling". Just check out the following short excerpt from a recent New York Times article...
The owner of a Missouri smokehouse that makes beef jerky is worried about a slowdown in food safety inspections. A Montana school district is drawing up a list of teachers who could face layoffs. Officials at an Arizona border station fear that lines to cross the border could lengthen. And if Olympic National Park in Washington cannot hire enough workers to plow backcountry trails, they may stay closed until the snow melts in July.
But that is nothing compared to what others are saying. CNN is declaring that if the sequester cuts happen, "granny won't get her lunch" and "roofs blown off by Hurricane Sandy won't get repaired".

And check out these ominous warnings from Barack Obama about what will happen if the sequester cuts go into effect...
"Emergency responders like the ones who are here today -- their ability to help communities respond to and recover from disasters will be degraded. Border Patrol agents will see their hours reduced. FBI agents will be furloughed. Federal prosecutors will have to close cases and let criminals go. Air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country. Thousands of teachers and educators will be laid off. Tens of thousands of parents will have to scramble to find childcare for their kids. Hundreds of thousands of Americans will lose access to primary care and preventive care like flu vaccinations and cancer screenings."
The Obama administration has even decided to release hundreds of illegal immigrants in anticipation of the cuts...
Immigration and Customs Enforcement officials have released “several hundred” immigrants from deportation centers across the country, saying the move is an effort to cut costs ahead of budget cuts due to hit later this week.

Announcing the news Tuesday, ICE officials said that the immigrants were released under supervision and continue to face deportation. After reviewing hundreds of cases, those released were considered low-risk and “noncriminal,” officials said.
The claims about the sequester cuts just seem to get more ridiculous with each passing day. Homeland Security Secretary Janet Napolitano is warning that the cuts will make the U.S. more vulnerable to terrorist attacks, and Obama recently decided not to send an aircraft carrier to the Persian Gulf because of "budget concerns".

Apparently he sees no problem with using the U.S. military to score political points.
And Federal Reserve Chairman Ben Bernanke says that the budget cuts will result in "less actual deficit reduction in the short run".

How stupid do they think we all are?

Yes, the sequester cuts will have an impact on the economy, but they won't cause the sky to fall.
The following is what the CBO says the economic impact of the cuts is likely to be...
The Congressional Budget Office estimates the cuts will cost 750,000 jobs and hit growth by 0.6 percentage points, assuming the cuts remain in effect for the remainder of the fiscal year. Some economists expect a slightly bigger impact.
Remember, these are actually very small cuts.
In fact, according to U.S. Representative Lynn Jenkins, the U.S. government will actually be spending more money in 2013 than it did in 2012 even if the sequester cuts go into effect...

“There’s a fact that says we are going to take in more money this fiscal year than we have ever taken in before,” Jenkins said. “The budget this year, we will spend more money this year than we spent last year even if the sequester goes into effect. We will spend more money even if the sequester goes into effect.”

So why is everyone whining and crying over such a very small amount of money?
If you want to get upset about something, why not get upset about things that are increasing our debt by trillions of dollars?

For example, according to a Government Accountability Office report that was just released, Obamacare is going to cause the federal debt to rise by $6.2 trillion.
Why aren't more people getting upset over that?
Sadly, it is because America is a debt addict. Most Americans don't really care much when federal spending skyrockets out of control, but if anyone tries to slow down the spending a little bit they throw hissy fits.
And please don't tell me that "the big government Republicans" are much better than "the big government Democrats" on budget issues. The Republicans have caved in and have gone along with all of this wild spending every single time.
On March 27th, they will have another opportunity to do something. That is when the current continuing resolution expires.
At that time, the Republicans could refuse to pass anything but a balanced budget.
Or they could at least refuse to pass anything except a budget that would cut the federal budget deficit in half.
But they won't do anything once again. They will cave in and go along with the status quo because they are cowards.

So we will continue to rip off future generations to fuel our current bloated standard of living.
Thomas Jefferson understood that government borrowing is theft from future generations. He once made the following statement....

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
Shame on you Democrats.
Shame on you Republicans.
Shame on you America.
You are destroying the future of America for your own selfish reasons.
If future generations get the chance, they will look back on what you did to them and they will curse you for it.
For much more on our exploding national debt, please see the following article: "55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know".
Not that living within our means would be easy.
Like I said, it would mean a deep economic depression, and it would also likely mean a tremendous amount of societal chaos.
Even now, while we are still living in the boom times, things are really starting to get crazy out there. Just check out what is going on in Oakland...
Oakland’s crime problems have gotten so bad that some people aren’t even bothering to call the cops anymore; instead, they’re trying to solve and prevent crimes themselves.

KPIX 5 cameras caught up with a half dozen neighbors in East Oakland’s Arcadia Park neighborhood Monday as they walked the streets on the lookout for crime. The vigilance has never seemed more necessary than now; 25 homes in the neighborhood have been burglarized over the last two months alone.
In a neighborhood that has started to feel like the wild west, people have even started posting “wanted” signs.

“You have to walk around in your house with a gun to feel safe here,” said Alaska Tarvins of the Arcadia Park Board of Directors.
If this is how bad things are now, how bad will they be when a day of reckoning for our economy arrives?
And a day of reckoning is coming.
Our politicians can try to keep kicking the can down the road for as long as they can, but eventually time will run out. Just take a look at what is happening in Greece and Spain. Meanwhile, all of this can kicking is just making the eventual crisis even worse.
We can borrow our way to prosperity for a while, but in the end there is always a very bitter price to pay for doing so.

I would love to tell you that there is a chance that all of this will be turned around, but the truth is that all of this whining and crying about the sequester shows that America is doomed.

I hope that you are getting ready.

Thanks, Comrade Obama

All The President's Men

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Who said that?

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Tax Raise

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Early release

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My Rights

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Take two

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With and without

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The Balanced Approach

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End of World?

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