Comment

Comment by John Harvel on August 2, 2011 at 8:07am

To finish my thought...The first step to solving a problem?

We must recognize it is there.

A private money issuing monopoly run through Banking corporations: first of all the "central banks" and then, in a chain, all the other banks to follow. It is our banking laws that allow banks to create credit themselves, instead of money being issued by the government, for the people.

So I ask you... Is raising the debt ceiling going to change a thing, no matter how much spending is cut? The government has no need to borrow and pay interest on what it can print for nothing.

Now read the first line again...  The president maintained in his address to the nation that the deal had averted a potentially disastrous situation in which the federal government would have been unable to service the interest on the national debt, thus degrading the nation’s credit rating and increasing the expense of future borrowing.

Are you starting to get the picture? The lies, the deceit, the corruption it takes to maintain a system of debt that should have never existed in the first place? And, has no business being debated in the halls of congress except to abolish it...

The president maintained in his address to the nation that the deal had averted a potentially disastrous situation... Prove it to me. 

 

As a pressure tactic, claiming that America would default on its debt if it didn’t borrow more proved quite effective. It framed an act of fiscal incontinence—borrowing trillions more atop a $14.3 trillion debt—as an act of fiscal prudence. The president got the borrowing power that he sought largely by selling recklessness as responsibility. Such disciplined, propagandistic talking points are the stuff of hardball politics. But once the deal has been struck, why continue the charade?

Look at there faces... They know their lying... I really wonder... What's in it for them? A conscience is a tough thing to live with, even for a politician.

Comment by John Harvel on August 2, 2011 at 7:57am

 

The president maintained in his address to the nation that the deal had averted a potentially disastrous situation in which the federal government would have been unable to service the interest on the national debt, thus degrading the nation’s credit rating and increasing the expense of future borrowing.

 

His Sunday-night sermon styled the deal as “an agreement that will reduce the deficit and avoid default—a default that would have had a devastating effect on our economy.” In fact, he invoked the specter of “default” five times in the speech.

The patently absurd but widely accepted claim made repeatedly by the president throughout the debt-limit negotiations is that not borrowing more would harm America’s credit. The claim is not only not true, but the opposite of the truth. Out-of-control borrowing, not curbs on more debt, is what has imperiled America’s standing in the eyes of lenders.

U.S. debt as a percentage of the gross domestic product stood at less than 60 percent just ten years ago. It now approaches 100 percent. In other words, it would take the amassed economic output of every American for about one year to pay off the debt.

Our creditors understand that increased borrowing is just more of the “medicine” that got America sick in the first place. The fallout of following the president’s course to avert a costly credit downgrade may ironically be a costly credit downgrade.

One of the last things John F. Kennedy did before he was assassinated was declare his intention to reform the central banking system of the United States.

No connection between these two events?

Those who have taken action to change the situation have invariably been assassinated or otherwise silenced if they did get close to being effective. The truth is so monstrous that it is unbelievable, it is something that we would rather not think about, more so because we have "experts" who should know all about it, so why would any one of us "non experts" even bother to try and figure it out?

We are quite aware of the problem, it is in plain sight, it is the solution that escapes us, probably because we think the problem is so big we cannot solve it.

Now the problem is, that neither governments nor the vast majority of people have money. Maybe that sounds like an exaggeration but if we think about it some more, it is the gospel truth. Governments, whether liberal, socialist, conservative, democratic, whatever you may call them, do not have money. They are taxing us to death and yet they are making debts. And most of them are already so deeply in debt that there seems to be hardly a hope to pay off what was borrowed.

A sizeable percentage of all taxes collected, different from country to country but in every case considerable, goes towards "debt service" (that is what the government calls the paying of interest on it's debt), before even discussing the "budget", which really is only about how to spend the rest.

As far as people go, I don’t think you have to look very hard to see families struggling to make ends meet, even though there is no lack of willingness to work. Sometimes both man and wife have a job; family life and children suffer, and in many cases there still is barely enough to pay the bills.

You might say that that’s quite normal, it has always been like this, and nothing can really be done about it. — You see? That is exactly what we are programmed to think.

The problem is there

Comment by DURWIN WALTER DAVIS on August 2, 2011 at 7:10am

JRLogan has the correct attitude.  Government, more than any other entity should be viewed as having to work with something unnatural, stinking, smelling dead and always acting wrongly.  And this is referring to "good government".  The socialistic agenda is to have all monies that normally flow through charities, to be disbursed by GOVERNMENT.  SOCIALISTS place the GOVERNMENT as the benevolent benefactor to rid ITS society void of church and worship.  Government should NEVER dispense any monies except for goods and services rendered.  This is especially true of TOKEN hiring and TOKEN jobs purposefully created.  GOVERNMENT is to govern, period.

Comment by Jim Ryan on August 1, 2011 at 6:32pm

Repealing ObamaCare will require a Republician or Tea Party President since his veto authority is there and it would require 70% to override which is unlikely at best.  The cuts will come from all the places a conservative would most likely not want them to occur like defense, which puts Jacksonville squarely in the crosshairs given their strong tea party rootsand their Mayport and other military facilities.  Obama and his minions are a vindictive bunch so they will spare nothing in reaching out to harm, riddicule and desire your spirit.  They will not succeed even though you can be sure that a good percentage of this no money is allready earmarked to go to his strongest support groups as a payoff installment to get out the vote for his relection campaign bid.  It is therefore of paramount

importance that you and I rededicate ourselves to the goal of taking back control of all the legislative as well as the executive branch of "OUR" government.  That means an active participation in every possible group, event, focus group, and committee you can.  If you have a family either  get a baby sitter or take them with you and let them see your involvement.  You can explain why it is so important because you are doing this for them.  Because you love them and want them to enjoy the freedom and opportunity this country can provide without the burden of debt they would have to endure.  It will also allow you to fill in the gaps if they happen to be attending "public school."

Going forward, be strong, for We the People have just begun to fight.   

Comment by JR Logan on August 1, 2011 at 5:14pm

The enemy is our government. Time for a real T-party. Obamacare is an outrageous take over of freedom, and now they are trying to protect it in this so called budget cut. It is a joke.

Comment by DURWIN WALTER DAVIS on August 1, 2011 at 4:16pm

For anyone needing a re-calibration of their "Life's Compass", enjoy; those who do not simply delete...

http://theresurgence.com/2011/01/06/a-word-from-the-valedictorian-of-vacation-bible-school    

Comment by 85MCstang on August 1, 2011 at 3:10pm

Some interesting information here regarding the debt:

Treasury To Issue $331 Billion In Debt In Fiscal Q4, $660 Billion G...

Comment by 85MCstang on August 1, 2011 at 2:00pm

Maybe all the calls/emails are having an impact:

 

Boehner Delays Press Conference Until 3:30PM: Trouble Getting A Maj...

Comment by Patricia M. McBride on August 1, 2011 at 2:00pm

Great article 85.  I tend to more think the housing bubble bursting might have happened but not quite to the degree it did if old lispy Barnie Franks and company hadn't pushed all those bad loans.  I think we have had corrections in the housing market before, but it didn't blow us away like the combination of people walking away and the correction (and although Washington still blames the banks, it really was the banks pushed by the liberals in congress really as bankers wouldn't tend to issue mortgages they knew were not going to be repaid and in such numbers).  I think too, as you must, Obama is here to destroy, so even though he says something once in a while about doing something to make the economy better, his decisions and choices of a vehicle to do that are so bad, you have to shake your head cause you know it ain't gonna work!

 

 

Comment by 85MCstang on August 1, 2011 at 1:47pm

Pat.....what is more, the debt deal essentially tables any action to repeal Obamacare....how is that for a satan sandwich (as Conyers stated). Anyway, here is another good article (sorry if blog name offends anybody but the blog poster's book- The Long Emergency - was one of the main reasons I woke up to a lot of facts back in 2006):

 

Weimar Meets Waterloo

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