Tag Archives: national debt

Obama’s Only Accomplishment – A Nation Divided!

obama divisiveIn four years, President Barack Hussein Obama has only one accomplishment that is truly significant for the nation.  His administration and policies have sharply divided the nation along economic lines.  He has succeeded in pitting portions of the populace against one another in ways that have not been seen in America for several generations.  His policies have split the country into those that are producing funds (taxpayers) for the government and those that take funds (social program recipients) from the government.  Self-reliance is dead! Continue reading

The US Debt Clock Nears $16 TRILLION

As Obama and Romney squabble over outsourcing, the economy, Bain Capital, and Obamacare, the national debt of America is rapidly closing in on $16,000,000,000,000!!! The national debt is now over $50,000 per citizen and almost $140,000 per taxpayer!  And, nobody seems to give a damn!  Congress won’t address the problem because they know Obama will not even sign a budget.  There has been much publicity about the bailout of Greece.  It might surprise you that the debt per capita in Greece is less than $40,000!  The only thing that is keeping America afloat is the size of our economy…..but size will not sustain us if the federal budget is not brought under control.  To see for yourself how fast our debt is rising,  log on to:   http://usdebtclock.org/

My Solution:  1)Term Limits for All Elected Officials.  Then, maybe, these bums will focus on what is best for the country and not on how to get re-elected!         2) Slash 5% of  every federal, state, & local government budget for the next 5 years!  Bob’s 5 & 5 Plan!!!!

GSA & Secret Service Scandals – The Tip of the Waste Iceberg

Most people think the federal government is a poorly managed and highly inefficient cluster of fiefdoms that routinely throw OUR money around without proper stewardship or accountability!  The General Services Administration and the Secret Service debacle in Columbia Continue reading

$1.28 Trillion Deficit – CBO

The CBO has announced that the federal budget DEFICIT for this year will be $1.28 Trillion….no real surprise to anyone on this planet!  What is most troubling about the CBO estimate is the assumptions they made to predict the deficit for the out years.  Their geniuses forecast that the economy will grow 2.3% in 2011 and 2.7% in 2012!  Prominent private economists have forecast much lower growth for the balance of this year and 2012!  Bank of America forecast 1.7% for this year and 2.3% for next year.  JPMorgan’s estimates are even lower!  So why does it matter?  Continue reading

Other Than That, How Was The Play, Mrs. Lincoln?*

Everyday I surf the internet in an attempt to stay current on Republican and Democrat policy proposals. I also track the major poll numbers for President Obama and his would-be 2012 Republican rivals.  It’s also fun to read press reports on the statements made by and about the 2012 presidential contenders, especially the current commander-in-chief.  Although there is too much material to share here, a review of the day’s headlines tells a pretty clear tale. Continue reading

Smoke & Mirrors – Tax the Rich & Oil/Gas Co’s

The Democratic Administration has fostered the notion that if we taxed the rich (families/businesses with income over $250k/yr), we could solve the national debt and budget problems that face America!  Let’s look as some numbers!  Continue reading

The “Balanced Approach” Plan

Get used to the phrase, “Balanced Approach,” friends, because that is all you are going to hear from Obama and his minions for the remainder of his, hopefully, single term as President of the United States.   Obama used the Debt Deal as a stump to roll-out his campaign strategy for re-election today.   He called for the joint committee that is due to report on budget deficit ideas to take a “balanced approach”  which is Obama-code for increasing taxes.  Continue reading

Schumer: The House Can’t Tie Their Shoes

In response to the second bill dealing with the budget and national debt that the House has sent to the Senate, Chuck Schumer (D-NY) insulted his colleagues in the House by saying that they  “can’t tie their shoes!”  Chuck,  that is the pot calling the kettle black!!  What an arrogant, narcissistic, embarrassment!  How can our Congress ever deal with serious problems when our representatives are in denial like Schumer and Harry Reid?  Strap on your seatbelts, America, we are heading for a bumpy ride!  The free spending left-wing Democrats are in process of ruining America!   Goodbye, Democracy!  Hello, Greece (or Ireland or Portugal or Spain)!

Obama’s Appeal to the Public

Obama has made another prime-time TV appeal to the American public to produce legislation that will get him past the 2012 elections and make him look good to his left-wing base.  Sorry, Barack, it did not work!  It doesn’t help that he started his speech by bashing Bush….again!  Then he closely followed with the threat of an “economic meltdown” if the debt limit is not extended (another Obama lie) and railing on the Tea Party conservatives that are perceived as shaping the GOP agenda.  Overall, it was another pathetic, weak, pleading, and humiliating speech from the leader of the free world! Continue reading

Catastrophe, Default, and Buzzwords

It will be a catastrophe!  The world economy will collapse if America defaults on its debt!  August 2nd will be Armageddon if we don’t raise the national debt!  The federal government is broke!  Social security and Medicare are dead-on-arrival!  These types of hyperbole have become commonplace  in the rhetoric of America’s leading politicians!  Everyday, we are told that there must be a deal TODAY or the sky will fall!  Continue reading