Category Archives: National Debt

The Dow and a few notes…

untitledThe Dow closed at its highest level ever today, and true to form my in-box exploded with praise for Obama and company. Well far be it from me not to dampen the little Lefty illusion with a soaking dose of reality. Ultimately, (and as usual), a quick lesson is necessary in that the stock market is not the economy and vice versa. They are very different entities with very different points of reference and influence. I’m no financial advisor however, so I won’t attempt further instruction. That said, let’s look at some numbers.

When we examine this “paper tiger” economy the President is touting as a success, we see a sputtering engine, beleaguered by inexperience and ineptitude at 1600 Pennsylvania Avenue, and struggling for the fuel only a confident free market can provide. The last time the stock market was close to these numbers, the United States economy was in a far different place. It was 2007 and a gallon of gas was around $2.50. Americans were making about $6000.00 a year more, and there were around seven million folks unemployed compared to thirteen million today. There are twice as many people on food stamps today than in 07, our debt was nine trillion and consumer confidence was at 99 percent as opposed to 69 percent today. Additionally, much of our so-called economic growth in the last five years, has come bolstered by the Fed printing capital and restraining interest rates at dangerously low levels.

Bottom line is, don’t break out the champagne just yet. The stock market will correct, and the effects of this administrations failed college application will continue to contract an already weakened and hollow economy. Regrettably, the worst is still ahead of us…

Late Note: The Socialist South American dictator, arguably responsible for the deaths of many in the Venezuelan opposition, as well as the theft of billions in civilian property, is dead. I’m sure Joe Kennedy and Sean Penn are grieving this very minute.

Note 2: According to the answering service, White House tours have been cancelled due to “sequestration”. The President of the United States is throwing a tantrum. Childish, unnecessary, and inexcusable.

Note 3: In acknowledgement of the recent movement by college students/campuses around the country to divest in fossil fuel companies, will all students please turn in all electronic equipment manufactured and operated by way of fossil fuels immediately. Better yet, you may send all Apple notebooks, iPads and iPhone 5’s to my business address. Thank you.

Wake up kids, before it’s too late!!!

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Lessons for Lefties…

Bob Woodward

Bob Woodward

This dust-up between poor “Watergate Bob Woodward” and the White House over sequestration tells the story of what happens when you fall out of grace with the Left Wing Machine. Astonishingly, it appears the lap-dog Obama media have also thrown (one of their own) over the side.

I have said many times that this President and his college sycophants play fast and loose with a Constitution they don’t respect. From the very beginning, President Obama made no secret of the fact he intended to get his way regardless of any “Congressional oversight”. But when I heard Lou Dobbs speaking with Megyn Kelly recently on “Happening Now”, it really kinda hit home. Dobbs was incensed at the lack of outrage over the Administration’s side stepping of Congress and the “work” for benefits clause in the Clinton Personal Responsibility and Work Opportunity Reconciliation Act of 1996. He pointed out the President has no authority to pick and choose what laws he will abide by. Dobbs commented further on how “patient” Congress has been in similar situations, when the POTUS basically imposed his will at the expense of separation of powers and/or the appearance of any co-equal function of government in Washington.

I think when you look at the last five years in totality, and then listen to the well documented comments made by Mr. Obama and his over-educated but inexperienced side-kicks, you will find they have little regard for a process which empowers “We the People” first. Moreover, it appears they mean to bully and intimidate anyone in their way, including past collaborators.

 

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Rush and Bill…

Rush Limbaugh

Rush Limbaugh

I think there’s an interesting debate to be had over Rush’s latest comments regarding how he sees our nation. That said, I always preface my comments about Rush by reminding everyone he’s a radio personality, albeit an extraordinarily popular one.

Look, when we have a man running the country who I frankly wouldn’t give a second job interview to, doing a pretty damn good job convincing American’s that shaving 1 penny off each dollar spent in Washington will bring about end times, it does say something about whether or not folks are doing their homework. I argue every day with people who are simply unable to move past their ideological prejudice to the facts. I literally find myself managing my time away from folks who are just too far-gone to partake of a legitimate debate. I can’t even imagine being on Limbaugh’s level, (though I wouldn’t mind that paycheck).

 

Bill O'Reilly

Bill O’Reilly

Nevertheless, I think Bill O’Reilly’s analysis is a bit closer to the actual reality than Rush’s, or at least I hope so. He thinks more and more people are just plain selfish. For my part, I’m concerned the proverbial clock is ticking while this battle for the soul of our country, which I predicted some years ago, rages on. Moreover, I remain convinced the President of the United States is a narcissistic ideologue first, who means to leave this nation humbled in the wake of his time in office. To that, I believe Americans would do well to wake up and smell the political coffee.

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“Sequestration 2013″…

CONGRESS-articleLargeAs I look at “sequestration” and the intense political drama playing out in advance of the issue, it appears President Obama may just get his wish after all. In essence, the whole idea of sequester was put forth in order to create a sense of urgency over our critical debt, as well as the spending on both sides of the aisle which created it. In reality though, why the heck would anyone need to be motivated to act on something so potentially catastrophic as nearly $17 trillion in bad debt.

Now Libs in Washington have done a great job of dressing up this monster pig as something less than the death knell it and “Obamacare” will be for our economy, but the truth is coming to the surface like so much “you know what” in a clogged bowl. However, if nearly $1 trillion in interest a year by 2020 isn’t enough to get Nancy Pelosi to admit we’re spending entirely too much of our grandchildren’s money, than I don’t know what is.

At the end of the day, I am of the mind this sequester, (as the President has proposed), should go forward in order to force the debate over how Washington is spending taxpayer money. Moreover, if our elected officials do not have the intestinal fortitude to advocate on behalf of our posterity, and in spite of their own selfish and ideological shortcomings, than all may indeed be lost.

 

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“Skin in the game”…

Dr. Benjamin Carson is the kind of man we should be sending to Washington. If not for the fact he is a doctor (a pediatric brain surgeon no less), and we are in such short supply of doctors because of Obamacare, I would start a petition today to draft him for a political run. Why do I say this, you ask?

175974_5_I caught just a bit of his remarks at the recent National Prayer Breakfast where he lectured and President on healthcare and then schooled him on tax reform. This man has two things which are clearly in short supply in Congress these days, character and common sense. His basic premise on taxes (as described in his book, “America the Beautiful”),  is a “flat tax” for all, very much like a “religious tithe”, would dramatically simplify the tax code and solve most of Washington’s spending vs. revenue issues. It would also go a long way to rooting out the political evil which now presides over our finances. Simply put, an across the board percentage of one single and mutually agreed upon “denomination” would be applied to every working American (and collecting one). Obviously, if you have some “skin in the game”, you are naturally more inclined to be concerned with how “your” money gets spent. Moreover, the incentive to better ones fiscal position, is reinforced by the notion that you are treated no differently than any other tax payer. The flip side of that coin of course, is that you should expect no different accommodation.

The videos and web page below are about as sensible an approach as I have heard in some time. There is no dark political objective, and no prevalent ideology with the exception of that which is our cultural, and undeniable national origin. I must agree, a “flat tax” would be the single best solution to our financial troubles to come along in over eighty years, and would return our nation to its Constitutional foundations. Politicians take note, “We the People” are gonna get this message eventually. Unfortunately, the rest of what Dr. Carson has to say is only for those who love and appreciate their country.

http://thehill.com/blogs/pundits-blog/economy-a-budget/282211-dr-ben-carsons-tithing-wisdom

http://video.foxnews.com/v/2161630388001/does-the-bible-endorse-a-flat-tax

http://www.youtube.com/watch?v=u4fkBb3_E_g

 

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The next four years…

US-POLITICS-INAUGURATION-PARADELet me preface my analysis of President Obama’s Inauguration speech by acknowledging the symbolism of the day, as well as the great sacrifice made by so many to ensure it’s continuance. It is wholly and appropriately representative of The United States.

Now moving ahead of all the pomp and pageantry, one must accept the President’s speech as one of, if not the most partisan and ideological in the history of the event. Mr. Obama’s lofty and often pointed rhetoric finally revealed the entire man to those who were actually listening. And as many in the crowd booed the presence of Paul Ryan and other Republicans, it was painfully obvious #44’s policies of division and class warfare have taken firm root, setting the tone for an epic battle over the soul of this great country.

Now free of the burden of future elections, the POTUS skillfully avoided the critical issues of the day and instead presented himself as the conquering champion of a new civil rights movement. Apparently stale in his eyes, is the individual and entrepreneurial spirit of a free people whose successes (and failures) have built our great nation, and which are now trumped by a glorified mediocrity, and conditionally if not legislatively induced acceptance of “the new norm”. To listen carefully was to hear the ideologically passionate and even resentful dream of a man who has very different ideas about America than those of the Founders. One could even pick out the connection to (Martin Luther King Day), as the President’s voice became “elevated” at times, into something more fitting of the pulpit, a habit which has come easily to the man who rarely deviates from the teleprompter. Ironically, and despite Progressive attempts to portray MLK as a Socialist Icon, Barack Obama would have had little in common with the late Dr. King.

All in all the speech seemed more appropriate for a “State of the Union” address. Nevertheless, it was carefully framed on all sides by American Flags, parades and plenty of red, white and blue eye candy. There were even moments of prayer and reflection, slipped in to appease/confuse those wondering how a man supposedly so consumed with the  “equality” of human kind, could place his hand on two Christian Bibles and deny that same equality to an unborn child.

Make no mistake my fellow Americans, the four years ahead are perilous ones. Our economy teeters on the brink of disaster, held hostage by mathematical realities such as a $5000.00 drop in the median household income, and unemployment numbers the same as when this President took office. Regrettably, the campaign issues which drove him to victory at the polls are but distant memories. Our President’s focus for his second term appears now to be strictly ideological and broad-based in terms of those social issues he believes will move the nation away from its historical foundations, and secure his legacy as the Liberal Progressive President who finally made it happen

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1-20-13, The Inauguration of Apathy…

Inaugural_platform-001_s640x427Whether you agree with him or not, Barack Obama will be sworn in as President of The United States for a second term. The backdrop of this inauguration however, will be one of uncertainty and disillusionment to be sure.

We are living in a time of choices like we have never faced, and they are not necessarily ideological choices. Nevertheless, most Americans must now decide whether they will recognize and accept the factual evidence of our national “situation”, or whether they will choose to ignore that evidence, blame someone or something else, and hope the “situation” will correct itself. Here are some undeniable truths to consider though, if you have the intestinal fortitude…

Our overall economy has already morphed into an over-extended and dormant entity on life support, chugging along at what would normally be considered a pathetic pace. Stocks are up though they are critically overvalued paper, and lack the raw capital which once calmed a long term investor. Unemployment remains under-reported and elevated because of uncertainty over the rising costs associated with owning and running a business. Ideological taxes and benefit burdens threaten to blow up middle America, with a recent report from a former GAO Chief predicting Obamacare may very well collapse the entire economy. (Note: Most credible analysts who aren’t drinking the Obama Kool-Aid support that prediction.) And as a nation, we spend nearly twice what we take in, with our debt now growing beyond our realistic ability to pay it off of our great-grandchildren’s backs.

In full view of all of these facts many have simply chosen to dig in their partisan heals and spit into the proverbial fan. Politicians for life on both sides of the aisle have put us on a collision course with financial Armageddon, and there seems little “We the People” are prepared to do about it. Moreover, Chief Justice John Roberts will swear in a President tomorrow, who lacks both the life experience and historical grasp to lead us back onto the right avenue, a demagogue, drunk on perceived adoration, and who is content see this college experiment through to it’s inevitable conclusion, even if it means the United States emerges but a shell of its former glory.

Now some will call me a racist for my conclusions. Still others will call (me) the partisan, and I will undoubtedly argue against this foolishness to the bitter end. That said, what we are facing here is a mathematical certainty with unimaginable consequences, which can no longer be denied or framed as just some radical doomsday prediction. The hard numbers are now in plain sight. Make no mistake, I too am stunned at how quickly this country was lulled into a catatonic 1960’s mentality, unable to see reality or reason, blinded by rhetoric, and selfishly willing to deny their posterity.

So as I watch and listen to President Obama take the oath of office once more, and I hear him swear to uphold the Constitution of this nation once again, and then I listen some more as he will undoubtedly rehash much of the old “Hope and Change” diatribe, I will be considering my sons and our children’s America. Regrettably, my conclusions will be the same as they were in 2008. The President is not the problem. We are…

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Deadbeat nation???

President Obama at yesterday's news conference.

President Obama at yesterday’s news conference.

Republicans began the session by reading the Constitution aloud on the floor of the House. Well, I think that’s a great place to start, and sends the appropriate message to the Obama Administration. It should be very clear to any “reasonable” person, that in consideration of an election decided by about the number of Republicans who stayed home, The United States of America is a nation divided right down the middle.

Now there are many reasons for this division having to do with everything from the education, or rather indoctrination of our young ones in the public school system, to a media which has forgotten its responsibilities to “We the People“, but make no mistake, we are at a turning point as a nation. The President of The United States is without any doubt an ideologue, bolstered by a second term, and who has shown he is willing to press beyond the boundaries of the Constitution and/or the Bill of Rights. Those who know him tell us this is the “entire package”, a person we did not necessarily see the first time around, though I would disagree with the notion he did not make plain “his” vision for America in 2008. Many simply chose to ignore his words for the sake of his skin color and a promised utopia. That said, there can be no illusions. President Barack Obama now sees himself as the star receiver who will carry the (progressive football of change) over the political goal line, dodging any Constitutional cornerbacks along the way. “The American People agreed with me.” This is his mantra. Be damned the nearly half of those people who voted against him and his policies. History tells us delusion is often the friend of the ideologue who sees himself as the righter of perceived wrongs.

Inevitably, right minded members of Congress now have a responsibility to forgo their respective re-election chances and do what must be done to stop this assault on the Constitution. I submit to all of you, this battle is no less important than any our brave Soldiers have fought in order to preserve our children’s future, and the outcome no less pivotal. I now call on all of you to speak out. Start a blog, attend a hearing on an important issue and voice your opinion, or write to the editor of your local news paper. If you value our heritage of “life, liberty and the pursuit of happiness“, then silence and apathy are no longer options.

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Can you say Banana Republic???

ObamaCoinWhen I first heard about the “trillion-dollar coin” story, I thought the person who emailed me about it was kidding. After some quick research however, I could not believe someone or some entity would actually suggest such a reckless idea. Now, it’s even being reported that the White House is hedging on ruling it out! Only in the age of Obama would our government be considering “creating” phony collateral to sidestep our debt. These people must truly be the quintessential Progressive deadbeats out to destroy our country. What other possible motive could they have for even bringing up such foolishness?

If The United States ever tried something as irresponsible as minting a “special coin”, in an attempt to avoid its fiscal obligations here at home and abroad, by “projecting” the impression of security, economic chaos on an unimaginable scale would certainly be the result. Simply put, the time it would take for the U.S. to go from world power to global joke could be clocked with an egg timer.

What the hell is happening to our country???

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The Self Destruct Button…

The so-called “fiscal cliff” was nothing more than a response to the accountability gauntlet laid out by both the WH and Congress, intended to make “We the People” believe our representative government actually gave a rats you know what about our kids futures. In essence, a made up deadline that when reached, only triggers the cold and broken reality of gridlock politics in Washington.

375px-US_Public_Debt_Ceiling_1981-2010Now the “debt ceiling”, well that’s a whole different ball game. So it was interesting to hear the POTUS going on about how Republicans somehow want to prevent the nation from paying its bills on his weekly radio broadcast. (No Sir, they want to keep those bills from growing beyond our “ability” to pay them). He even attempted to draw a comparison line to the government shut-down of 1995. In fairness, some of the political components may be the same. But the monetary dynamic is something very different, and unlike anything we have ever faced before. The numbers today are, for all intents and purposes, the end of the “green back” road for us. At nearly sixteen and one half trillion dollars in debt, The United States is not only broke Mr. President, it’s darn near bankrupt, and credit reporting agencies like Moody’s know it. Consequently, and in full view of this financial Tsunami, Mr. Obama’s approach in the weeks ahead will be to ask for yet another blank check, signed by the next generation, so he can burn off another boat load of borrowed money that we just don’t have, on a bunch of foolishness that just doesn’t work.

So as our economy remains on life support, with its full potential reined in by bureaucrats in Washington bent on ideological change, “We the People” are left to watch in utter confusion, as those sent to represent our best interest prepare to push the self-destruct button on our economy, as well as a better America for our children.

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