Demoncrat Vice President Joe Biden is leading U.S. Deficit reduction talks these days. And based on what House Majority leader Eric Cantor said today, they are stalled. They can't reduce the deficit! This is not the debt, but the deficit! We sent them into government to slash, cut, eliminate and balance, and they aren't doing their jobs.
Take a look at my column yesterday and you will see that this is a perfect scenario for the weak, incipid politicians I was talking about. There are too few of the good ones! And too many of the weak ones. Ask Udall, Bennett, and Gardner how much they would eliminate if it was in their hands and you will get some very weak responses. Democrats, Republicans, Independents. It doesn't matter with most of them. They don't have the courage to balance the checkbook and we are watching. Make note of this when they show up and wave in the politically correct "Independence Day" parade in your neighborhood.
Finance Minister Evangelos Venizelos announced on Thursday, Greece's Socialist government would:
lower the minimum threshold for income tax to 8,000 euros a year,
increase the tax on heating oil and
impose a one-off solidarity levy on income of between 1 and 5 percent.
So there you have it folks. The government promises the world, can't pay for it, puts you in debt (because they line their own pockets), and then raise your taxes when there aren't any jobs.
WHATS THAT CALLED?
Slavery!
Can't hear you.
WHATS THAT CALLED?
Slavery!
ARE YOU GOING TO BE A SLAVE?
NO!
ARE YOU GOING TO LET YOUR KIDS BE SLAVES?
HELL NO!
DO YOU HEAR ME NOW?
YES! YES! YES!
Posted by: Powerball | June 23, 2011 at 08:40 PM
I'm with you Powerball. Everybody seems to think that we can just maintain the status quo. Our national debt is as high as our GDP! Yea..., no call for alarm. Anybody ever see a country survive this kind of financial disaster? No. because no country has ever been this far in debt. Ever.
Congress has 5.5 weeks to decide on the debt ceiling and enact legislation to address it. Not enough time. Our AAA bond rating will drop and the interest on our debt will increase. Our politician are like deer, frozen in the headlights. They fear taking action, as this will lose them votes. They can't commit, but they can go back on their word. After all, isn't that what politicians do?
If you think un-employement is bad now, wait until our nations credit rating drops.
But hey..., let's just "poo-poo" it and ignore all of the "chicken-littles" out there crying out alarms. It'll take its own course. It always did before? Didn't it?..... Well, didn't it?
Did you think they would defeat us with guns?
Posted by: Dennis | June 23, 2011 at 07:46 PM
I sure with the Republicans that control the House of Representatives would just put a bill out there that would do what they want. It would force the Democrats to show their cards then, too.
Posted by: CuppaJoe | June 23, 2011 at 12:40 PM
The report today is crude oil plunges below $92 a barrel after IEA announces plans to release 60 million barrels of emergency oil stockpiles and hints at further action if needed. Half of the release will come from the U.S. Strategic Petroleum Reserve.
So how is that working out for you President Obamanation and the EPA. Couldn't the same thing happen if we developed America's own petroleum reserves in Alaska and elsewhere? Don't you think that a strong economy with jobs would be better at finding alternative fuels than an economy that has gone bust?? Once that happens we won't need fuel at all -we won't have cars. We will all pile onto a boxcar and then walk a few more miles to get to work or home. At that point Obamanation will say you should be thankful for being more healthy and now he can cut your medical costs!
I'm telling you, the release of these reserves will only weaken America more. I suppose Obamanation thinks we can do it now since we are pulling out of the wars, WITHIN TWO YEARS, but I'm betting within two weeks price at the pump will be higher than it was yesterday!!
This nothing more than a campaign tactic of Obamanation. How so you ask? Because right after the news release he jumped back on his favorite ride, Airforce One, and went to NY for an expensive campaign dinner held by gays!
As far as Cantor and Kyle's actions today, walking out on talks with Biden on the deficit reduction costs, what else can they do? The democrats don't want to reduce the deficit either. They want to continue with the usual spending and RAISE YOUR TAXES! So no matter who wins, the economy is going to take a dive. Even Bernakie said yesterday he didn't know what was stalling the economy, but it's not getting better.
So what's the answer? I've been blogging it for a longtime now, but you're all so entrenched in your own trip you won't hear it. But get ready folk,
THE BOTTOM LOOKS LIKE UP TO ME!
Posted by: Powerball | June 23, 2011 at 11:23 AM