Tag Archives: national debt

John Boehner is a Spineless Pussy

Little wonder this country is screwed, and even less of a wonder why this pr*ck of a POtuS is smiling:

Obama_laughing

Limp-wristed girly-man that apparently has Rep. Boehner by the proverbial short hairs

And would somebody please remind me just why, exactly, we even need a republican party, given that the repube “leadership” jackasses have now rid themselves of their elephant suits?

And we’re going to fix this in November of 2014?

Right.

-Dave

Idiots are running this country

lemmings for Obama

A Nation Run by Idiots

by Gary North

TeaPartyEconomist.com, Dec. 20, 2012

You know you live in a Country run by idiots if…

You can get arrested for expired tags on your car but not for being in the country illegally.Your government believes that the best way to eradicate trillions of dollars of debt is to spend trillions more of our money.

A seven year old boy can be thrown out of school for calling his teacher “cute”, but hosting a sexual exploration or diversity class in grade school is perfectly acceptable.

The Supreme Court of the United States can rule that lower courts cannot display the 10 Commandments in their courtroom…while sitting in front of a display of the 10 Commandments.

Children are forcibly removed from parents who appropriately discipline them while children of “underprivileged” drug addicts are left to rot in filth infested cesspools of a ‘home’

Hard work and success are rewarded with higher taxes and government intrusion, while at least some slothful, lazy behavior is rewarded with EBT cards, WIC checks, Medicaid, subsidized housing, and free cell phones.

The government’s plan for getting people back to work is to provide 99 weeks of unemployment checks (to not work).

Being self-sufficient is considered a threat to the government.

Politicians think that stripping away the amendments to the constitution is really protecting the rights of the people.

The rights of the Government come before the rights of the individual.

You pay your mortgage faithfully, denying yourself the newest big screen TV while your neighbor defaults on his mortgage (while buying iPhones, TV’s and new cars) and the government forgives his debt and reduces his mortgage (with your tax dollars).

Being stripped of the ability to defend yourself makes you “safe”.

An 80 year old woman can be stripped searched by the TSA but a Muslim woman in a burka is only subject to having her neck and head searched.

Using the “N” word is considered “hate speech” but writing and singing songs about raping women and killing cops is considered “art”.

You can write a post like this just by reading the news headlines.

Unfortunately, this list could go on and on. Our country is run by idiots.

***

H/t my friend Robert K. Wilcox!

To the above list you and I can add plenty, such as:

You must produce your original birth certificate to apply for a passport, but not if you’re running for the highest office of the land who will have his/her finger on the nuclear button.

See also “Proof that humans really are becoming less intelligent.

~Eowyn

The Day America Committed Suicide

“Every nation has the government it deserves.”

So observed a very wise man — Count Joseph-Marie de Maistre (1753-1821), a French philosopher and diplomat.

Future historians (if there are any) will record that on November 6, 2012, the no longer United States of America committed suicide.

We, the Opposition — comprised of Conservatives, Christians, Libertarians, and Patriots — had been telling ourselves that the polls showing a tight race must be wrong. Because the pollsters over sample Democrats. Because “nobody” have landline phones anymore. Because so many polling organizations are corrupt. Because….

In the end, it turns out the polls not only were right, they were overly optimistic for Romney.

In the end, the Electoral College vote count wasn’t even close:

332 for Obama v. 206 for Romney

In the end, instead of Romney winning by a landslide, it was the POS winning by an avalanche. The POS even won the popular vote: 62,615,406 vs. Romney’s 59,142,004. [Source: FoxNews]

Romney won Alabama, Alaska, Arizona, Arkansas, Georgia, Idaho, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, North Carolina, No. Dakota, Oklahoma, So. Carolina, So. Dakota, Tennessee, Texas, Utah, West Virginia, and Wyoming.

POS won California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia, Washington, Washington D.C., and Wisconsin.

In the end, the swing states of Ohio and Virginia swung to the POS. As of this writing, Florida — with 97% of precincts having reported — is still a toss-up (O 50% vs. R 49%). Not that it matters.

Was it massive Demonrat electoral fraud that did it?

Was it Demonrats’ intimidation — all the threats of riots and assassination, and videos of 97-year-olds threatening to “burn this motherfucker down” and of Romney supporters being maimed, decapitated and exploded — that got to gutless voters?

We can debate all we want. Sure, there’ll be feeble efforts at “investigating” and of lawsuits. But the POS’s so-called Department of “Justice” under his henchman, the so-called “U.S. attorney general” — Amerika’s chief law enforcer! — Eric Holder, will simply stonewall everything.

But I do know this:

The sheeple who voted for the POS so that they’ll keep getting government handouts, welfare, and entitlement checks are in for a rude shock. Amerika is broke. As we Cassandras have been warning here on Fellowship of the Minds:

  • Our national debt is over $16 trillion — more than Amerika’s gross national product.
  • The main Social Security program — the so-called SS “Trust Fund” — will run out of money even sooner than we’d been told — by 2023, instead of 2033. When that happens, BY LAW your Social Security checks will be cut by 25%.

The above bankrupt dates will now be shortened now that the POS and his Demonrats have four more years to overspend, without restraint. And if you think taxing “the rich” will plug the gaping deficit hole — not that taxing “the rich” 100% can fill the hole — you’re delusional.

Unlike the delusional sheeple sucking on Big Government’s teats, “the rich” have both the resources, the means, and the will to simply leave the “United” States. Just as “the rich” in France have and are, after the French sheeple voted in a socialist government that immediately imposed a draconian 75% tax on “the rich.”

Congratulations, my fellow selfish, lazy, envious, covetous, willfully ignorant, stupid, and just plain evil Amerikans.

Yesterday, you voted for a thoroughly evil man and evil party. In so doing, you voted for your own doom. The next four years will be four years of one financial disaster after another. The next four years will see your constitutional freedoms fall, one after another. And if you complain, you sheeple will finally discover:

  • What Obama’s senior adviser consigliere, the Iran-born Marxist Valerie Jarrett, meant when she vowed: “After we win this election, it’s our turn. Payback time. Everyone not with us is against us and they better be ready because we don’t forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay. Congress won’t be a problem for us this time.No election to worry about after this is over and we have two judges ready to go.”
  • Why there’ve been sightings across Amerika of trucks jammed full of “Martial Law” signs. (FOTM decided not to report this, not wanting to make you “nervous” before the election.)

*Faithful Catholics who attend Mass weekly went for Romney.

For as long as Obama, the Demonrats, and WordPress choose to keep the Internet free, Fellowship of the Minds will continue to chronicle Amerika’s descent into the abyss. Just don’t be surprised when one morning you fire up your computer to come on FOTM to discover we’re not around any more. When that day comes, don’t say I haven’t warned you….

In sorrow,

~Eowyn

Accountant explains U.S. budget-debt disaster in 5 min.

This is a NON-PARTISAN video produced by an accountant, Hal Mason, who retired after 27 years with IBM.

In this video, Mason does something that all the handsomely-paid economists and pundits you see in the media seem unable to do.

Mason looks at the federal government’s budget, revenues and expenses, and very clearly and simply explains our national fiscal and debt problem in 5½ minutes.

My only disagreement with Mr. Mason is that he left out one thing in his proposed recipe to fix America’s Titanic-sized nightmare:

In addition to drastically cutting spending and drastically reducing the size of government, we must also grow the economy by creating more jobs, which means more Americans work, which means they’ll pay taxes, which translates into more revenue (income) for government.

That’s what Romney-Ryan propose to do. The POS will make our disaster even more disastrous by propelling us over the cliff, faster. That’s the real meaning of his campaign motto of “Forward.”

Alas, too many Americans are willingly blind, deaf, and in a massive state of denial. It’s a blindness so massive it’s no longer simply a psychological phenomenon. The blindness is rooted in spiritual darkness.

“…you are living among a rebellious people. They have eyes to see but do not see and ears to hear but do not hear, for they are a rebellious people.” -Ezekiel 12:2

~Eowyn

Japan’s death by demographics

When a country’s population no longer reproduce, the proportion of senior citizens or old people increases.

That’s what’s going on in Japan. Increasing numbers of its young people are asexual. Not only are they shunning the idea of marriage and having children, as many as 1 in 4 unmarried men and women in their 30s say they have never had sex.

But demographics have economic consequences.

Old people not only don’t work, they also buy less, except for food and medicine. All this has negative implications for the country’s GDP (gross domestic product) because fewer workers and less labor reduce national economic output. At the same time, the rising number of retirees strains government’s welfare programs and the country’s pension funds that are major buyers of government bonds.

Then if you add to all this, a huge national debt of more than $13.7 trillion and growing — the world’s second-largest debt load — what you have is national suicide.

The proportion of the Japanese population over 65 years old:

  • 1 in 10 in 1985
  • 1 in 5 in 2006
  • more than 1 in 4 in 2014
  • 30% by 2022
  • 40% by 2050

Bloomberg’s economist, Michael McDonough, shows Japan’s grim future via three graphs:

Graph #1 shows steep GDP losses in those prefectures (districts) in Japan that have more older people — a harbinger of what’s in store for Japan as a country:

Graph #2 shows how the aging population decelerates economic growth:

Graph #3 shows how Japan’s national debt will continue to mount:

Source: Zero Hedge

~Eowyn

America – Now Owned by China

H/T Kelleigh

LTG

Forward to what, Obama?

Design by BKeyser

The Re-elect Obama Campaign has a new slogan:

“Forward”

Inquiring minds want to know: Forward to what, where?

In his opinion essay for Politico, May 21, 2012, Keith Koffler asks:

Under Obama, the unemployment rate soared above 8% and has stayed there. Forward to 9%?

Under Obama, the national debt has risen by some $5 trillion. Forward to $6 trillion?

The economy grew by only 2.2% in the first quarter of 2012. Forward to 1%?

Opposition to Obama’s signature achievement, “Obamacare,” runs roughly 10 points ahead of support. Forward to more unpopular programs? [...]

The only reassurance Americans might get from being told to move “forward” is that Obama has not been clear about where he wants to go. Take a look at Obama’s campaign website. There’s almost nothing about what he intends to do during a second term.

Certainly, the president has no plan at all for reforming entitlement spending, the key to reining in the deficit and putting the economy on firm footing. As southern Europe sinks into the Mediterranean beneath its debt load, Obama will move us “forward” into a world of ever increasing red ink.

“Forward” is not just a sign of presidential hubris. It’s a Freudian slip, a revelation of the left-leaning instincts of the most liberal president this country has ever had.

The slogan is the distillation of the faith of liberals that all forward movement is progress, that new ideas, ethics and programs are enlightened because they are new; that old beliefs must always be cast off so that modern thinking can advance society into a brilliant future.

It’s the thinking that leads Democrats to believe in a nation in which everyone has health insurance, billions should be spent developing exotic fuels and everyone gets higher education.

Conservatives, by their very nature, question the benefit of “forward” — asking how much it will cost. They question whether the ideas from those prodding us “forward” aren’t going to have unintended consequences that turn visions of paradise into nightmares.

They ask whether a government that mandates utopian projects like universal health care will then start mandating something more egregious. They want to know whether the programs to perfect everyone’s lives will bankrupt the country.

The Obama campaign’s call to move “forward” will backfire — in that it inadvertently throws into relief the ideological choice that confronts the electorate. Do we, as our debt climbs unfettered into the stratosphere, continue moving “forward” with the costly plans of a liberal president?

“Obamacare’s” cost, according to Congressional Budget Office estimates when it was passed, would be close to $1 trillion. The White House declared that it had responsibly “paid for” the program with spending cuts and tax increases.

Left out was that all those savings will no longer be available to bring down the deficit. The suggestion was that “Obamacare” was cost free. Not at all.

The president continues to propose moving us “forward” with various pricey social engineering schemes — like lowering subsidized college loan rates, helping homeowners refinance at current mortgage rates and providing tax credits for investments in “clean energy manufacturing.”

Unlike President Bill Clinton, who recognized the public disenchantment with the grand plans of his first term and retrenched by signing election-year legislation to reform welfare, Obama continues to press his agenda undiluted.

Now his mistake has been distilled into a slogan more likely to repel voters than rally them.

H/t our beloved Miss May.

~Eowyn

The Fall of America – in 12 striking graphs

A picture is worth a thousand words.

A few days ago, Jeff Gundlach gave a big presentation titled “Getting There,” to a group of investors at the New York Yacht Club.

Using a series of graphs, Gundlach showed how America got into the state in which we find ourselves. Here are some of the most evocative slides:

~Click graph to enlarge~

~Eowyn

How’s your Financial I.Q.? Take the test!

America’s federal, state, and city governments are  profligate and irresponsible with taxpayers’ money, over-spending themselves into declared and undeclared bankruptcy, and a national debt that now exceeds America’s GDP.

But if we, the American people, are better managers of our own finances, not only would more of us realize the financial black hole government is in, we would also demand more fiscal prudence from officialdom. Alas, Hadley Malcolm reports for USA Today, April 24, 2012, that “despite the recession, most Americans still know NOTHING about their finances,” especially young people. Here are the facts:

  • Americans in their 20s hold an average debt of about $45,000, which includes everything from cars to credit cards to student loans to mortgages, according to a PNC financial independence survey released last month.
  • At the same time, Americans 18-29 year old have a much higher jobless rate of  12.4%, well above the national rate of 8.2%.
  • Financial literacy is especially needed for young Americans because they face an increasingly complex global economy that is credit-driven and puts more responsibility on individuals to plan for and manage their retirement accounts.
  • But too many young Americans are financial illiterates. A biennial survey by Jumpstart Coalition for Personal Financial Literacy found that U.S. high school seniors scored an average of 57.3% on a 31-question financial literacy exam in 1997. Ten years later, in 2008, the average score was even worse, declining to 48.3%.
  • Fewer than half of states in American make high school students take an economics class, and just 13 require a personal finance class, according to a 2011 survey by the Council for Economic Education. In those 13 states, though, the payoff is clear: Students who had taken such courses were more likely to go on to save money and pay off a credit card bill in full each month, and less likely to be compulsive buyers, max out credit cards and make late payments.
How do you think you’ll do in the financial literacy test?

Bankrate.com has a test comprised of 12 of the questions from the 31-question financial literacy exam used by JumpStart. It’s quite challenging, much harder than the Pew political IQ quiz I posted last week.

To take the Financial I.Q. test, click here!

~Eowyn

P.S. I correctly answered 11 questions, which gives me a score of 11/12.  :D

Eye Popper of the Day

It is going to be one Hell of a train wreck.

-Dave 

(h/t: Neal Boortz)