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

Monday, February 15, 2010

IMPORTANT FOLLOW-UP TO HOW B.O. IS DESTROYING AMERICA

This is a follow-up to my previous post on 2/13.  It is a repost from Neal Boortz this morning and further describes in scary detail what the effects are of BO's reckless  spending spree.

Do we really understand what we're doing to our children, our grand children and future generations of Americans here? Without much fanfare, Barack Obama signed another $1.9 trillion increase in our debt ceiling. So, with this increase our allowable debt ceiling is $14.3 trillion. How much wiggle room does that give us? Our current debt level is still an astounding $12.3 trillion. Will it be weeks or months before The Community Organizer signs yet another increase in our ceiling? 

Taking that $12.3 trillion into consideration ... add up the interest paid on that debt, plus the cost of entitlement benefits like Social Security and Medicare ... and by the year 2020, that spending alone will consume 80% of all federal revenues. That does not include any spending for military or homeland security.

Within the next few years, the national debt is expected to rise to 100% of our GDP. To put into perspective, Greece - which is going through a major financial crisis - currently has a debt equivalent to 124.9% of the GDP.

We'll talk about this more on the show today .. but here's your bottom line. The United States is heading to exactly the place occupied by Greece today. If something isn't drastically changed we'll be unable to pay our bills. There will be nobody left who wants to loan us money. What's more, due to the size of the US economy there will be no bailout from the international community. 

Let's knock off the hubris. The survival of our nation is not guaranteed. American's appetite for government goodies and handouts must be curtailed. We're piling debt upon debt .. and ruin is down the road.
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Tuesday, September 29, 2009

THE NATIONAL DEBT: This Really Explains It.



Thanks, BO...you sure know how to run OUR country. Perhaps you should've stuck to organizing communities.

Thursday, April 30, 2009

BO scores high marks for first 100 days

In his first 100 days, Pres. BO got superior grades from the media and his liberal supporters. As I thought more about it, I felt they left out a number of categories in which he also got a grade of "A." Some of these are:

- Telling many more lies than Clinton did in his first 100 days.
- Creating a new era of government dependence on US citizens.
- Taking the first "World Apology Tour."
- Re-aligning the US to a Marxist/Socialist model.
- Making the US the focus of all world evil.
- Enhancing the lack of transparency in all government affairs.
- Indenturing our children and grandkids with enormous debt.
- Exposing our country to a flu pandemic by not yet naming a Surgeon General and not having an emergency plan that could immediately be put into effect.

So congratulations BO, Liberals and Media myrmidons...keep up the great work in destroying everything that has made our country great.

Thursday, March 26, 2009

BO's Legacy to Our Children

OBSERVATION FROM THE BEACH: There's little doubt that passage of the Obama budget would literally bring us to the brink of financial ruin. In fact the average household would be responsible for $183,000 in debt! Add in welfare and a whole host of government entitlement programs, and the average household debt skyrockets to more than $500,000...

What a legacy to leave our children!