Tag Government debt

Obama and Democrats Place Economy on ‘Crash Course’

Allen Frederick 1 Comment

Great Depression: man dressed in worn coat lyi...
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This is serious business folks. These ‘fools’ in congress have spent us beyond our ability to recover. It is imperative that ‘fiscal conservatives‘ step in and apply the brakes to this run-away, federal spending, train wreck. It has become increasingly obvious even to the causal observer that federal spending is out of control.

Come on people vote these fools out of office and take our country back from these ruinous democrat policies. The good times are over, it is time to get off the party train and take some fiscal responsibility before it is all over. Which may come sooner than you think.

Amplify’d from www.americanthinker.com
Warning signs are everywhere — most of them carefully phrased and nuanced, but warnings, nevertheless. Greece and, closer to home, California are painful reminders of what could happen. CNBC is reporting that the Dow is repeating patterns that prevailed just before the Great Depression. The U.S. workforce suffered one its sharpest declines ever — a drop of 652,000 — in June. Economists claim that “wages are flirting with deflation.” It’s hard to find good news on the financial front. Now, the Congressional Budget Office (CBO) just released its “Long-Term Budget Outlook” to confirm what people already feared: The national debt is devastating for the future of America. According to the CBO, “the federal government has been recording the largest budget deficits, as a share of the economy, since the end of World War II.” As a result, the CBO paints a very bleak picture of our nation’s future prospects. Further, as the world’s remaining superpower, this country’s terrible financial condition affects all other nations — a fact that makes the CBO report even more alarming.
Sadly, Shaw’s dismal picture is not sobering enough. Douglas W. Elmendorf, director of the CBO, noted that the nation’s debt to GDP surged from 40 percent to 62 percent in just two years.
To compound the alarm, the CBO admits to understating the severity of the problem because its report does not include the negative impact that “substantial amounts of additional federal debt” would have on other aspects of the nation’s economy.

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There are None So Blind As Those Who Will Not See

Allen Frederick 3 Comments

Random Ramblings from the Resident Raptor.

Insight for your “Journey across the Sky”

A View from the Nest www.eagleviews.org

Wisdom, mural by Robert Lewis Reid. Second Flo...

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Prov 1:20-33 (AMP) Wisdom cries aloud in the street, she raises her voice in the markets; She cries at the head of the noisy intersections [in the chief gathering places]; at the entrance of the city gates she speaks: How long, O simple ones [open to evil], will you love being simple? And the scoffers delight in scoffing and [self-confident] fools hate knowledge? If you will turn (repent) and give heed to my reproof, behold, I [ Wisdom] will pour out my spirit upon you, I will make my words known to you. Because I have called and you have refused [to answer], have stretched out my hand and no man has heeded it, And you treated as nothing all my counsel and would accept none of my reproof, I also will laugh at your calamity; I will mock when the thing comes that shall cause you terror and panic— When your panic comes as a storm and desolation and your calamity comes on as a whirlwind, when distress and anguish come upon you. Then will they call upon me [Wisdom] but I will not answer; they will seek me early and diligently but they will not find me. Because they hated knowledge and did not choose the reverent and worshipful fear of the Lord, Would accept none of my counsel, and despised all my reproof, Therefore shall they eat of the fruit of their own way and be satiated with their own devices. For the backsliding of the simple shall slay them, and the careless ease of [self-confident] fools shall destroy them. But whoso hearkens to me [Wisdom] shall dwell securely and in confident trust and shall be quiet, without fear or dread of evil.

The evidence is everywhere. Truth is blaring from the loud speakers all around the world. Countries are failing, here at home states are finding it harder and harder to meet federal mandates and public sector pension obligations. On capital street one company take over after another and yet nothing changes. The national debt will exceed 13 trillion dollars this year and only the sky is the limit into the future. Medicare and Medicaid along with Social Security are all in the red, let’s face it folks America’s entitlement programs are bankrupt and yet many refuse to change course or even acknowledge the direction America is heading is wrong.

Add to the mix Freddie Mac and Fannie Mae are still running deficits as far as the eye can see. Nothing is working on capital hill. And to be honest not much is working in the private sector either. The unemployment rate seems to be the only thing going up in an otherwise downward spiral.

Many have seen their personal nest eggs reduced or depleted with the recession of the stock market. Tax revenue is falling off rapidly because more and more people are not working. And yet many think all is well and the captain of the ship of state bellows full speed ahead on one socialist agenda item after another. Waiting in the wings are tax hikes along with the huge budget busting Obamacare plan still to be enacted.

Yes my friends the truth is out there, but can you handle the truth? Can you open your eyes and ears to listen to the sound of wisdom shouting aloud in the streets, and the marketplace? What must we do to stop this insane rebellion against the truth and sound fiscal policy? Our country is out of control. Fools are running the ship of state straight into an iceberg of ruin.

Ezek 12:2 (GW) “Son of man, you are living among rebellious people. They have eyes, but they can’t see. They have ears, but they can’t hear because they are rebellious people.

The irony is that America is now adapting the European model just as the evidence of its failure is becoming clear even to the New York Times. As Charles Murray wrote in “The Happiness of The People”-“If we want to know where America is headed—its destination—we should look to Europe.” The Times has now given us a harrowing picture of that destination. For the left leaning New York Times to see the handwriting on the wall it must be blatantly obvious. The truth is screaming from everywhere, the question is are we willing to heed wisdom’s warning or destined to suffer the fate of fools?

But whoso hearkens to me [Wisdom] shall dwell securely and in confident trust and shall be quiet, without fear or dread of evil.

But those who are waiting for the Lord will have new strength; they will get wings like eagles: running, they will not be tired, and walking, they will have no weariness. Isaiah 40:31 (BBE)

Along for the journey

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Federal Debt Unsustainable according to CBO Chief

Allen Frederick 1 Comment

Government spending and largess has swamped America in an unsustainable debt crisis. And what do the politicos come up with as a solution? You guessed it RAISE TAXES. Hey how about this idea… CUT THE SIZE OF GOVERNMENT and REDUCE SPENDING. GET OUT OF THE HEALTH CARE BUSINESS. How about quit sticking your big fat nose under every FREE ENTERPRISE tent in America.

LAY OFF the ENTIRE federal government. I THINK WE THE PEOPLE will find a way to survive without you guys. The political class is KILLING AMERICA.

clipped from www.politico.com

President Obama's budget.

The problem ‘cannot be solved through minor tinkering,’ the head of the Congressional Budget Office said Thursday morning.

AP

The nation’s fiscal path is “unsustainable,” and the problem “cannot be solved through minor tinkering,” the head of the Congressional Budget Office said Thursday morning.

Elmendorf noted a recent CBO report that pegged an increase in the public debt from $7.5 trillion at the end of 2009 to $20.3 trillion at the end of 2020 if President Barack Obama’s fiscal 2011 budget were to be implemented as written. As a percentage of gross domestic product, the debt would rise from 53 percent to 90 percent, CBO forecasted. The last time the percentage was that high was right after World War II.

“If at the end of the day we need to raise taxes, we should raise taxes,” Volcker said.

On Wednesday, Bernanke said in a speech in Dallas that the government must cut entitlements or raise taxes.
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