Category Archives: National Debt

THE FRIDAY GRUDGE

posted by Pistol Pete

THE REAL ISSUE IN THE UPCOMING ELECTION

http://www.weeklystandard.com/blogs/real-issue-upcoming-election_604102.html

OWS NEEDS A REPUBLICAN PRESIDENT

http://www.nationalreview.com/articles/281504/ows-needs-republican-president-jonah-goldberg

WHY LIBERALS LOVE HALLOWEEN

http://spectator.org/archives/2011/10/28/why-liberals-love-halloween

SHREDDING KATHLEEN SEBELIUS

http://townhall.com/columnists/michellemalkin/2011/10/28/shredding_kathleen_sebelius

ADVICE FOR THE OCCUPIERS FROM A TEA PARTIER

http://www.americanthinker.com/2011/10/advice_for_the_occupiers_from_a_tea_partier.html

THE THIRD PARTY WILD CARD

I’ve got a bad feeling Trump may decide no republican can beat Obama and jump on as a third candidate.He has no chance of winning,but his ego and his money would guarantee four more years of despair.For all our sakes I hope he doesn’t,but people voted for that hope crap three years ago and look where we are now.

http://www.latimes.com/news/opinion/commentary/la-oe-mcmanus-column-third-party-americans-elect-20111027,0,4671890.column

BIG SIS PRETENDS SHE HAS ALZHEIMERS

(Not the title,but I like mine better. Sue me.)

http://www.americanthinker.com/blog/2011/10/napolitano_denies_knowledge_of_fast_and_furious.html

TIME POLL:HILLARY BEATS GOP CONTENDERS

Sure,I would have preferred the shrew over the mulatto,but that’s like saying the flu is better than AIDS.Both make you sick but only one would kill you.

http://www.newsmax.com/InsideCover/clinton-romney-perry-poll/2011/10/27/id/416006

GIRL SCOUTS ALLOW 7-YR OLD BOY TO JOIN BECAUSE HE’S LIVING LIFE AS A GIRL

I think I just threw up a little in my mouth.

http://cnsnews.com/news/article/girl-scouts-allow-7-year-old-boy-join-because-he-living-life-girl

MICHELLE OBAMA STUMPS FOR CASH

Thats the headline at DC;when I first saw it,I thought it said HUMPS for cash.I believe my headline is more accurate.

http://dailycaller.com/2011/10/28/michelle-obama-makes-fundraising-pleas-like-it-or-not-were-all-in-this-together/

BARBARA LEE ‘TERRIFIED’;WANTS INVESTIGATION INTO OCCUPY OAKLAND POLICE RESPONSE

I’ll bet she’s saying this from the safety of her all-white gated community.Her mansion is the one with the Mercedes with 22″ rims parked out front.

http://dailycaller.com/2011/10/28/barbara-lee-terrified-wants-independent-investigation-into-occupy-oakland-police-response/

I WAS REALLY TIRED THIS MORNING AND DIDN’T FEEL LIKE POSTING MUCH.CAN YOU TELL WHEN THE SECOND CUP OF COFFEE  KICKED IN?

SORE LOSER OF THE YEAR AWARD GOES TO:STEVE DRIEHAUS,FORMER OHIO CONGRESSCRITTER

http://news.investors.com/Article/589664/201110271855/Better-Man-Won.htm

MESSAGE FROM THE 53%–GET A JOB

RANT:

OK,I know unemployment’s high.Thats tough.There are jobs to be had if you’re willing to work for what someone’s willing to pay.If you don’t have a job,your job is to get one!You may need to be retrained.You may need to get off your ass and away from your computer and your i-phone and Gameboy and actually talk to someone.If you have enough respect for yourself to eschew handouts,take what you can get and improve your own life.Never stop trying–it will pay off.

If you’re content to wait by the mailbox for the first of the month for the pittance the government gives you,don’t whine to me about how unfair life is and you can’t get by on your welfare check and your kids need diapers and your man/woman left you and you need more food stamps and your 12 year old wants birth control pills and your subsidized housing is in a bad neighborhood and you’re out of cigarettes and you wish you had a car and your dealer raised his price for a rock of cocaine and you can’t read English.I’m too damned tired to hear it.

http://news.investors.com/Article/589658/201110271855/Message-From-The-53-Get-A-Job.htm

EIGHT SERVICE MEMBERS FILE LAWSUIT SEEKING BENEFITS FOR SAME SEX SPOUSES

You knew this was coming

http://www.stripes.com/news/8-servicemembers-file-lawsuit-seeking-benefits-for-same-sex-spouses-1.158925

FIRST WOOKIE FUNDRAISER UPSETS SOME LOCAL DEMS

http://www.politico.com/politico44/perm/1011/houston_fundraiser_drama_6cccc297-f2cd-4cc6-a869-28e72d10b851.html

BOEHNER WONT RULE OUT ‘BALANCED BUDGET AMENDMENT’ THAT ALLOWS UNLIMITED FEDERAL SPENDING

THANKS,JOHNNY

http://www.cnsnews.com/news/article/boehner-wont-rule-out-balanced-budget-amendment-permits-unlimited-federal-spending

PAUL RYAN’S GREAT SPEECH

http://www.rushlimbaugh.com/daily/2011/10/27/paul_ryan_s_great_speech

LAUER URGES BOZO TO PREVENT UNFAIR INCOME DISTRIBUTION

http://www.newsbusters.org/blogs/kyle-drennen/2011/10/27/nbcs-matt-lauer-urges-obama-prevent-unfair-income-distribution

YOU WANTED A JOBS PLAN?

http://hotair.com/archives/2011/10/27/video-you-wanted-a-jobs-plan/

RANGEL: ‘GRIDLOCK’ NECESSITATES OBAMA USES EXECUTIVE POWER

We can do what we want;we’re black liberal politicians.You white folk can’t do anything to us because we’ll call you a racist.BWAHAHAHAHA

http://dailycaller.com/2011/10/27/rangel-gridlock-necessitates-obama-use-executive-powers/

US DEBT TO SURPASS GDP ON HALLOWEEN

http://dailycaller.com/2011/10/28/spooky-us-debt-to-surpass-gdp-on-halloween/

5 Comments

Filed under Barack Obama, Budget, Democrats, Donald Trump, Elections, Fast & Furious, Hillary Clinton, John Boehner, Michelle Obama, National Debt, Occupy Movement, Paul Ryan, Republicans, Talk Radio, Tea Party, Unemployment

THE TUESDAY GRUDGE

posted by Pistol Pete

TWO PRESIDENTS-

ONE HUMBLE AND REVERENT

THE OTHER ARROGANT AND SELF-ABSORBED

9/11:GEORGE W. BUSH STANDS TALL

http://www.rushlimbaugh.com/home/daily/site_091211/content/01125108.guest.html

PERRY COMES UNDER FIRE AT CNN/TEA PARTY DEBATE

http://www.cnn.com/2011/POLITICS/09/12/debate.teaparty/index.html

MEMO TO GOP:SOCIAL SECURITY DEMAGOGUERY IS THE PROVINCE OF LIBERALS

http://www.creators.com/conservative/david-limbaugh.html

GUTTING DEFENSE WON’T SOLVE DEBT PROBLEM

http://www.investors.com/NewsAndAnalysis/Article/584539/201109121840/Our-Budgetary-Disarmament.htm

FIVE REASONS BLACK AMERICANS SHOULD GIVE UP ON THE DEMOCRAT PARTY

http://townhall.com/columnists/johnhawkins/2011/09/13/5_reasons_black_americans_should_give_up_on_the_democratic_party/page/full/

STOP CALLING TEA PARTY EXTREME–IT ISN’T

http://www.americanthinker.com/2011/09/stop_calling_the_tea_party_extreme_it_isnt.html

QUESTION YOU’LL NEVER HEAR AT A DEMOCRAT DEBATE

DUDE,WHERE’S MY JOB?

http://finance.townhall.com/columnists/jackbouroudjian/2011/09/12/dude,_wheres_my_job/page/full/

OBAMA ADMIN. TARGETS DOWN SYNDROME BABIES UNDER OBAMACARE

http://www.lifenews.com/2011/09/12/obama-admin-targets-down-syndrome-babies-under-obamacare/

PAUL BOOED FOR BLAMING U.S. FOREIGN POLICY FOR TERRORIST ATTACK

DEBATE WINNERS AND LOSERS

http://townhall.com/tipsheet/katiepavlich/2011/09/12/cnntea_party_express_debate_winners_and_losers

BLABBERMOUTH-SCHULTZ:GOP CANDIDATES ‘WORSHIP AT THE ALTAR WITH THE TEA PARTY’

‘at the altar OF’ is grammatically correct,but she’s a liberal wacko,so let it go.

http://dailycaller.com/2011/09/12/wasserman-schultz-on-debate-gop-candidates-%E2%80%98worship-at-the-altar-with-the-tea-party%E2%80%99/

OBAMA’S LATEST EPA RULE KILLS ANOTHER 500 JOBS

http://www.thegatewaypundit.com/2011/09/obamas-latest-epa-rules-kills-another-500-jobs/

SWING VOTERS RECOIL FROM UNIONS AND OBAMA

http://www.realclearpolitics.com/printpage/?url=http://www.realclearpolitics.com/articles/2011/09/12/swing_voters_recoil_from_unions_and_obama_111296.html

OBAMA TO CONGRESS:TAX  THE RICH TO PAY FOR JOBS BILL

It’s worked so well so far

http://thehill.com/homenews/administration/181081-obama-tax-the-rich-to-pay-for-the-jobs-bill

KRAUTHAMMER ON OBAMA JOBS BILL: ‘THE WORD CYNICISM IS INADEQUATE HERE.’

http://dailycaller.com/2011/09/12/krauthammer-on-obama-jobs-bill-the-word-cynicism-is-inadequate-here/

ROMNEY CHEAP SHOTS PERRY

PERRY BETTER GET BETTER

http://www.commentarymagazine.com/2011/09/12/perry-better-get-better/

OBAMA CONFIRMS AUSTRALIA VISIT–SET FOR NOVEMBER

The perpetual vacation continues

http://www.theaustralian.com.au/news/barack-obama-confirms-australia-visit-set-down-for-november/story-e6frg6n6-1226135318068

16 Comments

Filed under Armed Forces, Barack Obama, Charles Krauthammer, Debbie Wasserman-Schultz, Democrats, Elections, EPA, George W. Bush, Mitt Romney, National Debt, Obamacare, Republicans, Rick Perry, Ron Paul, Social Security, Taxes, Tea Party, Terrorism, Unemployment, Unions

THE TUESDAY GRUDGE

posted by Pistol Pete

TING:HOPE THE DoJ DOESN’T RAID YOUR HOME FOR RUNNING AN ‘ILLEGAL BOARDING ESTABLISHMENT WITHOUT PROPER PERMITS.’ YOU KNOW HOW THEY HATE LEMONADE STANDS.

WHAT LIBERALS FEAR MORE THAN OBAMA LOSING

http://www.americanthinker.com/2011/08/what_liberals_fear_more_than_obama_losing.html

OBAMA ROUTINELY BYPASSES CONGRESS,CONSERVATIVES SAY

http://dailycaller.com/2011/08/30/obama-routinely-bypasses-congress-conservatives-say/

PRESIDENT OBAMA–THE BLAMER-IN-CHIEF

http://www.foxnews.com/opinion/2011/08/29/president-obama-blamer-in-chief/

OBAMA STILL HAS GREEN ENERGY VOTE FOR 2012

http://dailycaller.com/2011/08/30/obama-still-has-green-energy-vote-for-2012/

MICHELE BACHMANN VICTIM OF DOCTORED VIDEO

“Who likes wet people?” turns into “Who likes white people?”

http://dailycaller.com/2011/08/29/michele-bachmann-subject-of-doctored-video/

ORIGINAL VIDEO:

doctored video at link

POLITICAL POWER

http://www.investors.com/NewsAndAnalysis/Article/583161/201108291855/Political-Power.htm

KRAUTHAMMER ON WH IRENE PHOTO: ‘WHAT EXTRAORDINARY INTELLECTUAL POWERS ‘ WAS OBAMA DISPLAYING?

http://dailycaller.com/2011/08/29/krauthammer-on-wh-irene-photo-what-extraordinary-intellectual-powers-was-obama-applying/

THE RACIAL VIOLENCE THAT DARE NOT SPEAK ITS NAME

http://www.americanthinker.com/2011/08/the_racial_violence_that_dare_not_speak_its_name.html

STILL LAUGHING

Has the Ghetto Trash had a nose job?

http://iowntheworld.com/blog/?p=91756

WHAT’S THE SHORTEST AMOUNT OF TIME OBAMA CAN SPEAK WITHOUT A TELEPROMPTER?

3 MINUTES,2 TELEPROMPTERS

http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/three-minutes-two-teleprompters

ONE IN FOUR DEMOCRATS WANT TO DUMP OBAMA

http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/one-four-democrats-wants-dump-obama

BUYERS’ REMORSE:YOUTH DITCH OBAMA

http://www.washingtontimes.com/news/2011/aug/29/buyers-remorse-youth-ditch-obama/print/

WHITE HOUSE DEFENDS OBAMA’S ABSENCE FROM VFW CONVENTION IN SAN ANTONIO

Obama won’t go near Rick Perry;he might push Bozo off his bicycle and make him cry.

http://blog.chron.com/txpotomac/2011/08/white-house-defends-obamas-absence-from-vfw-convention/

WHY OBAMA GROWS GOVERNMENT AND CREATES DEBT

It’s a Chicago thing

http://www.americanthinker.com/2011/08/why_obama_grows_government_and_creates_debt.html

KREUGER’S KEYNESIAN LEFTOVERS

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=583158&p=1

GOP MAY PICK UP LEVERAGE,MOMENTUM IN NLRB BATTLE

http://dailycaller.com/2011/08/30/gop-may-pick-up-leverage-momentum-in-nlrb-battle/

RUSH:WHITE GUILT PROPELLED OBAMA IN 2008 AND THEY WANT TO GIN IT UP AGAIN

http://www.rushlimbaugh.com/home/daily/site_082911/content/01125113.guest.html

OBAMA IN 2010:NEW JOBS PLAN AFTER VACATION

http://www.cnsnews.com/news/article/flashback-obama-2010-new-jobs-plan-after

UPON RETURNING FROM VACATION,OBAMA TALKS ABOUT HOW HARD HE’S WORKING

http://www.nationalreview.com/campaign-spot/275782/upon-returning-vacation-obama-talks-about-how-hard-hes-working#

BLABBERMOUTH-SCHULTZ HECKLED AT PRO-ISRAEL RALLY

http://shark-tank.net/2011/08/28/18877/

PAPARAZZI PRESIDENT AT WORK

http://michellemalkin.com/2011/08/29/paparazzi-president-at-work/

I really don’t mean to pick on the Ghetto Trash with Cash,but Mooch acts like she’s on an extended,all-inclusive luxury vacation and rubs everybody’s noses in it.I hold a special contempt for this amazonian disaster.

3 Comments

Filed under Barack Obama, Charles Krauthammer, Debbie Wasserman-Schultz, Democrats, Environmentalism, Israel, Michele Bachman, National Debt, Republicans, Talk Radio, U.S. Congress

I took my medicine and fixed this!

By Chrissy the Hyphenated

Click graphic to embiggen for easier reading.

Chrissy’s Site Bites: http://news.webshots.com/photo/2832110630056011884PKoSNY

Chrissy’s Site Bites: http://news.webshots.com/photo/2288781170056011884COfENg

Source: http://blog.heritage.org/2009/05/12/obama-spending-tax-trends-charted/

Chrissy’s Site Bites: http://news.webshots.com/photo/2176314530056011884ZCqRRb

Chrissy’s Site Bites: http://news.webshots.com/photo/2604521680056011884FUiyHw

Sources: http://130.94.230.21/debt_history.htm

http://en.wikipedia.org/wiki/History_of_the_U.S._public_debt

http://www.usinflationcalculator.com/

8 Comments

Filed under Barack Obama, Bill Clinton, Democrats, George W. Bush, National Debt, Republicans, U.S. Congress

The Hypocrisy of Democrats

By Chrissy the Hyphenated

Click graphic to embiggen for easier reading.

Chrissy’s Site Bites: http://news.webshots.com/photo/2151835350056011884AFzlAe

Source: http://en.wikipedia.org/wiki/File:Federal_debt_to_GDP_-_2000_to_2010.png

Democrats campaigned on two things: the Iraq War and Republicans were spending too much money.

Well, Petraeus, the general Bush put in charge, won the war in Iraq and Obama thankfully has not brought our troops home before the fragile Iraqi democracy is ready to stand against its enemies without our help. So let’s all give a round of applause to President Bush’s leadership that gained us a critical democratic ally in the middle of the volatile Middle East.

As for spending, yeah, the dirtbags in charge of both parties have been passing out the pork for years and the GOP did little to stop the red ink. But look what happened when Democrats took over Congress after railing about Republican spending. The rate of over-spending immediately INCREASED. And once they got hold of the White House, all bets were off.

Democrat spending managed to increase our nation debt to GDP by 45% in just FOUR YEARS!

The reason S&P reduced our national credit rating (for the first time since Pearl Harbor) is because our national debt is now nearly 100% of our GDP. If you owed as much as you earn in a year, you couldn’t get a loan either.

1 Comment

Filed under Democrats, Economy, National Debt, Republicans, U.S. Congress

Pearl Harbor serious

By Chrissy the Hyphenated

Click graphics to embiggen for easier reading.

How serious is the S&P downgrade? Let me think. How about “Pearl Harbor serious”?

Chrissy’s Site Bites: http://news.webshots.com/photo/2979364330056011884hFTWvt

Source: http://www.reuters.com/article/2011/08/06/us-usa-debt-downgrade-idUSTRE7746VF20110806

Our country really is in serious trouble. If you think I am exaggerating, you haven’t been paying attention.

Chrissy’s Site Bites: http://news.webshots.com/photo/2350486480056011884qbeiwz

Source: Conquering the Storm By Sarah Palin – August 8, 2011

http://www.facebook.com/note.php?note_id=10150260905388435

Source for Graphic: http://terrellaftermath.com/

Americans who seriously care need to look beyond tired old Democrat slogans and learn how the economy actually works. Otherwise, we’re headed into another Great Depression.

Below: Cato Institute report on the real impact of Reaganomics.  Cato is a Libertarian organization; they are NOT apologists for either party.

Cato Institute Policy Analysis No. 261: Supply-Side Tax Cuts and the Truth about the Reagan Economic Record

October 22, 1996 – By William A. Niskanen, Stephen Moore, Fiscal Policy Studies, Cato Institute

Summary

This study assesses the Reagan supply-side policies by comparing the nation’s economic performance in the Reagan years (1981-89) with its performance in the immediately preceding Ford-Carter years(1974-81) and in the Bush-Clinton years that followed (1989-95).

On 8 of the 10 key economic variables examined, the American economy performed better during the Reagan years than during the pre- and post-Reagan years.

This study also exposes 12 fables of Reaganomics, such as that the rich got richer and the poor got poorer, the Reagan tax cuts caused the deficit to explode, and Bill Clinton’s economic record has been better than Reagan’s.

Comments Off on Pearl Harbor serious

Filed under Economy, National Debt, Ronald Reagan, Sarah Palin, Taxes, Tea Party

THE TUESDAY GRUDGE

posted by Pistol Pete

RUSH:OBAMA IS ‘DEBT MAN WALKING’ IN 2012

http://www.rushlimbaugh.com/home/daily/site_080811/content/01125106.guest.html

DOW DROPS 634 POINTS MONDAY–OBAMA GOES FUNDRAISING

Remember in Animal House when the juveniles got caught cheating?What was their solution?ROAD TRIP!

yeah.kinda like that–only this is not a movie;just a nightmare

http://dailycaller.com/2011/08/08/obama-raises-more-campaign-dollars/

BAM DELAYS STATEMENT 50 MINUTES–STILL SAYS NOTHING

MAJOR RIOTING IN LONDON FOR THREE DAYS

You’ve probably heard more about it here than on the lamestream media–for 10 bonus points,guess why

OBAMACARE HIDES $50 BILLION IN ANNUAL COSTS

http://dailycaller.com/2011/08/08/researchers-obamacare-cost-estimates-hide-up-to-50-billion-per-year/

MIKE GALLAGHER MESSES WITH NEW MOM MEGYN KELLY–PAYS STIFF PRICE!

http://hotair.com/archives/2011/08/08/megyn-kelly-to-mark-gallagher-im-happy-with-my-baby-and-my-employer-not-so-much-with-you/

CORNHOLE: ‘UNFORTUNATE…THAT WE DON’T CONTROL ALL LEVERS OF GOVERNMENT’

You have a big problem,Bucko–some of us don’t enslave well.

http://realclearpolitics.com/video/2011/08/08/carney_unfortunate_that_we_dont_control_all_levers_of_government.html

KRAUT-HAMMERS OBAMA; ‘HE PUTS NOTHING ON THE TABLE AND BLAMES EVERYONE ELSE.’

http://www.therightscoop.com/krauthammer-obama-puts-nothing-on-the-table-and-blames-everybody-else/

POLICE URGE HOLSTER USE AFTER MAN SHOOTS HIS OWN PENIS

I think I’m the only man on this board and I can tell you that’s gotta be a new kind of hurt!

http://www.usatoday.com/news/nation/2011-08-08-gun-holsters-man-shoots-penis_n.htm

RUSH GOOGLES ‘OBAMA BLAMES’ –FINDS SIX PAGES OF REFERENCES

http://www.rushlimbaugh.com/home/daily/site_080811/content/01125109.guest.html

DID BIDEN OUT SEAL TEAM SIX?

http://www.investors.com/NewsAndAnalysis/Article/580760/201108081740/Did-Biden-Out-SEAL-Team-6-.htm

GUESS WHO MADE $10B ON A 10-1 BET OVER S&P DOWNGRADE?

http://www.thegatewaypundit.com/2011/08/report-soros-made-10-billion-on-sp-downgrade-bet/

SANTELLI SLAPS OBAMA

BIG LABOR,ALLIES DUMP $14,438,595 INTO WISCONSIN RECALL ELECTIONS

There will be MASSIVE voter fraud in preparations for next years elections.Count on it.

http://biggovernment.com/bhealy/2011/08/08/the-matrix-big-labor-allies-pump-14438595-into-wisconsin-recalls/

CAN WE PROTECT OUR ELECTIONS FROM ACORN?

http://biggovernment.com/tfitton/2011/08/08/can-we-protect-our-elections-from-acorn/

NEWSWEEK’S BACHMANN COVER SO AWFUL EVEN NOW MAKES A STATEMENT

This is nothing new;remember in ’08 when that hack photographer lit McCain from underneath to make him look scary?And readily admitted she did it on purpose?

http://www.thegatewaypundit.com/2011/08/awful-newsweek-sexist-bachmann-cover-so-nasty-even-now-issues-a-statement/

OBAMA ‘JOBS’ BUS TOUR TO START IN PEOSTA,IOWA

Call it:Looking for Funds in All the Wrong Places

http://www.thegatewaypundit.com/2011/08/obamas-jobs-bus-tour-will-start-out-in-peosta-iowa/

PRESIDENTIAL FAILURE

http://www.investors.com/NewsAndAnalysis/Article/580833/201108081908/Presidential-Failure.htm

MICHAEL MOORE TO OBAMA: ‘SHOW SOME GUTS-ARREST HEAD OF THE S&P’

More sage advice from a slob with more chins than a Chinese phonebook

http://www.washingtontimes.com/news/2011/aug/8/michael-moore-obama-show-some-guts-arrest-sp-head/

GORE: ‘CLIMATE SKEPTICS ARE PEDDLING BULLS**T’

No,that’s how you made YOUR millions,you fat,malodorous turd!

http://thehill.com/blogs/e2-wire/677-e2-wire/175967-gore-climate-skeptics-are-spreading-bullst

NBC BLAMES GLOBAL WARMING FOR POLAR BEAR ATTACK

A little nature lesson for ya,bubala;these people were camping amid wild animals.Wild animals have three tasks in life–eat,defecate,procreate.Been doing it a long time.The bear was underweight because midsummer is not peak feeding season.When the salmon run starts next month,bears gorge themselves to store fat for the winter.If humans go into a wild animal’s territory,they assume considerable risk,especially if they don’t know what they’re doing.Apparently studying nature was not in your journalism class at Harvard.Stick to what you know,like bashing republicans as barefoot,beer-guzzling imbeciles and eeevil corporate bigshots.Leave how the real world works to us,K?

http://newsbusters.org/blogs/kyle-drennen/2011/08/08/nbc-global-warming-blame-deadly-polar-bear-attack

THAT FELT GOOD.

7 Comments

Filed under ACORN, Al Gore, Barack Obama, Charles Krauthammer, Climate, Democrats, Economy, Elections, Joe Biden, Media Bias, Michael Moore, Michele Bachman, National Debt, Obamacare, Talk Radio, Unions

Canaries in the coal mine

By Chrissy the Hyphenated

Click graphic to embiggen for easier reading.

I was astonished to learn the federal government was borrowing a MUCH larger portion of its operating expenses in the 1930s than it is today. I was taught that FDR got us out of the Great Depression. Based on that, I’d conclude that Democrats are right, deficit spending to “prime the pump” is a good thing and we should tax, spend and grow government even bigger. Screw S&P. Run that old federal debt right up to 100% of the GDP. Or more!

But wait. Lately, I’ve been reading that FDR’s policies actually extended the Depression by many years and that it was only World War II that finally lifted us out of the prolonged economic slump. So maybe borrowing and spending is not such a great idea, especially looking at what’s happened to Greece and other places that ignored their red ink.

E.g., a city in Rhode Island recently declared bankruptcy. All the government employees got laid off and all their benefits-cushy union contracts have been canceled. Is California next? Is New York?  Should we not listen to the canaries in the coal mine?

Check out this report:

Supply-Side Tax Cuts and the Truth about the Reagan Economic Record

by William A. Niskanen and Stephen Moore

ABSTRACT: On 8 of the 10 key economic variables examined, the American economy performed better during the Reagan years than during the pre- and post-Reagan years (including Clinton’s). The rich did NOT get richer, the poor did NOT get poorer, the Reagan tax cuts did NOT cause the deficit to explode.

Chrissy’s Site Bites: http://news.webshots.com/photo/2546853860056011884hwgDRI

SOURCES:

http://theaffordablemortgagedepression.com/2010/07/13/setting-the-record-straight-on-purported-excess-economic-capacity-and-hoovers-fiscal-restraint.aspx

http://www.landandfreedom.org/ushistory/us19.h

2 Comments

Filed under Economy, National Debt, Taxes

The National Debt by Dave Ramsey

By Chrissy the Hyphenated

Click graphic to embiggen for easier reading.

Ramsey’s website: http://www.daveramsey.com/home/

H/t: Dee

3 Comments

Filed under Economy, National Debt

His share will be A LOT higher

Chrissy’s Site Bites: http://news.webshots.com/photo/2373254120056011884bsDtVw

Comments Off on His share will be A LOT higher

Filed under Little Sprouts, National Debt