Showing posts with label unsustainable debt. Show all posts
Showing posts with label unsustainable debt. Show all posts

Wednesday, October 28, 2015

Rush: Budget Deal Paves Way For Hillary Presidency





This budget deal was Boehner's last (one of) shot at conservatives and it's also setup to make Paul Ryan's job as Speaker slightly easier until after we have a new POTUS. All the economic talking points republicans and conservatives have to attack the left and Hillary Clinton have now been squashed with this deal. All the runaway spending and economic damage the lefts fingerprints are on have been wiped clear with this deal where Ryan himself says the process "stinks".

This budget deal will guarantee the national debt goes over $20 trillion while it will "increase spending by at least $80 billion over the next two years above current spending limits, split equally between domestic and defense spending. It would also increase funding for the military’s Overseas Contingency Operation slush fund by $32 billion, meaning the total spending hike would top $112 billion. More domestic spending for Democrats. More defense spending for Republicans. Everyone wins except the taxpayers." -CATO

Wouldn't be surprising if the Est GOP (progressives) conspired this since their guy, Jeb Bush, isn't doing well for 2016 being shown up by Trump, Carson, Cruz and the others. Yes Im saying progressive republicans are so vindictive they would throw an election rather than have any of the current leaders as POTUS!


The debt is unsustainable, we're borrowing money we can't pay back to stay afloat, there isn't enough money in the entire world to pay our debt. A restart is inevitable, but the longer it's delayed the worse it will be for all of us. Many ask with all these debates going on who will be the winner and the nominee? Doesn't matter how these debates or election go, in the end We the People will remain the big losers.

Friday, February 6, 2015

Obama Takes Credit For Low Gas Prices and Improving Economy: You're Welcome





Everything that comes out of the campaigner in chiefs mouth is a lie. Unemployment is still sky high, Gallup's CEO came out blasting the job reports that the unemployment rate isn't 5.6% instead closer to 11%... but if you calculate the figure the old correct way it has been holding around 23%!



The deficit is out of control, heck he just presented a $3.99 TRILLION SPENDING budget! He may have cut the deficit under his watch but the deficit under his watch was higher to begin with. Here is the logic in simplest form to understand:
"Hey I spent $100 of money I didn't have last year but good news this year I only spent $50 of money I don't have!!"

Got it? That is exactly what he is doing when he brags about cutting the deficit. The guy never ran a lemonade stand, held a real job, ran a business with payroll to meet yet wants people to believe he is smarter than some of the best CEO's in the country!

The drop in oil is geopolitical to hammer the Russians among many other factors he left out he that had nothing to do with, which btw will not last (as he slipped in an escape hatch when they do go back up).

This speech in general is going to be a speech like many he has given the dem-progressives will regret for the false sense of economic prosperity & recovery they have pushed on the US. We're on our way to knowing what it felt like in the Weimar Republic but on a global scale, as the world is at a higher level of debt now than in 2007/08 before the crash! The US and many other nations have in fact been living in stealth depression, it is only a matter of time until everything blows up in our faces.

Go ask friends, family and co-workers if they have more money in their pocket and feel secure financially. Go ask people long term unemployed, completely written off by this admin AND Congress, if they agree with these packs of lies! It's not sunshine and rainbows folks, it's all just an illusion the power elite have created while they fill their coffers before SHTF.




Friday, April 18, 2014

Mark Levin: The Coming Economic Collapse

There is no one in DC heeding the constant warnings coming out of the financial sector about the unsustainable levels of spending and debt. They won't even listen to the CBO warnings what does that tell you? They don't care because they are making plans for a new system giving them more power and control (wishful thinking) while the old one collapses. Remember nothing ever goes according to plan for these dopes because they lack basic real world experience, everything is based on unproven theories.

Levin is right about the republican party playing on the democrat playing filed because the modern republicans ARE DEMOCRATS! Modern democrats are socialists (some most likely are closet communists), both are progressives! This one party rule has the nation on a destructive economic course that if we stay the course....
I think that ^^ might be what the Great One was trying to suggest as to what happens when the economy collapses which will lead to a domino effect with a collapse in society, collapse in the rule of law, etc. Why is it only conservative radio hosts are the ones putting these warnings out? Because the powers that be want the nation dumbed down completely dependent for whatever new system of power and control they will unveil. They actually think when SHTF they will be able to maintain a level of control when there is chaos in the streets! Their arrogance is going to be their undoing, where as the people's ignorance and complacency will be their undoing! Throw them all out America before it's too late!



CBO Dire Debt Warnings Show Nation's Democrat Future
InvestorsBusinessDaily
Big Government: The Congressional Budget Office warns of a terrifying, unprecedented level of national debt in the coming decade. That fits nicely with Democrats' objectives, but not with our nation's founding principles.

Andrew Jackson, who in 1835 succeeded in paying off the national debt, was famous for considering debt slavery. The current fiscal path the U.S. is on does indeed lead to slavery, but the slave masters of the future will be well-heeled politicians and federal bureaucrats, not plantation owners.

The CBO's new budget projections contain an eerie warning that we are on path from today's already unfathomable $17.7 trillion in gross federal government debt to more than $27 trillion in 2024. This in spite of finger-crossing projections of tax revenue over the next decade exceeding its 40-year average as a share of GDP.

Debt will reach 78% of GDP by 2024, CBO warns, which is double the 39% average of the past 40 years.
The consequences will include big hikes in spending on interest payments on the debt when interest rates go back up. That, in turn, would increase the cost of investment and "the capital stock would be smaller, and productivity and wages lower, than if federal borrowing was more limited," the CBO warns...more