Well lookee here - we're officially over $13 TRILLION in debt!
Hmm, could it be that this big number (biggest spread yet) is related:
What our Boy President and his Congressional Juntistas don't realize is that the American people get it...they don't want to be in debt like this and they want the madness to stop. Dan Heninger over at the Wall Street Journal really drives that home :
"Rightful rage at misgovernance." Exactly.
“We should never despair, our Situation before has been unpromising and has changed for the better, so I trust, it will again. If new difficulties arise, we must only put forth new Exertions and proportion our Efforts to the exigency of the times.” —George Washington
Showing posts with label sovereign debt. Show all posts
Showing posts with label sovereign debt. Show all posts
Thursday, May 27, 2010
Thursday, May 13, 2010
And You Thought It Was Only Greece...
Everyone's calling them the "PIGS" - "Portugal, Ireland, Greece, Spain." If we take them in order, my guess is that it will be the "GIPSE" or "Greece, Ireland, Portugal, Spain, England." That will be the order of default. Here's a taste of what's happening in Ireland:
And just look who is making this video - "Eirigi," Irish Socialists. Quite humorous to see the communists in Greece and the Socialists in Ireland exploiting the very situation that their policies have gotten those two countries to. It's a concept - get everyone entitled and dependent on the government teat, tax all manor of production and wealth to pay for it, then riot when you can't pay the bills. THEN, step in and tell them you are the answer.
Wait a second - isn't that what our government is doing? Well, surely that type of behavior couldn't happen here, right? Umm - take a look at UC Davis a few months ago when they implemented a fee hike:
OK, our protesters are pikers - and downright flippin' goofy - compared to the Greeks and Irish, but just who was the short-grey-haired dude in the red shirt inciting the students? Oh, not to worry, just another run of the mill community organizer! It's the tip of the iceberg folks...in the words of Admiral Joshua Painter (Fred Thompson) in "The Hunt for Red October," "This business will get out of control. It will get out of control and we will be lucky to live through it."
And just look who is making this video - "Eirigi," Irish Socialists. Quite humorous to see the communists in Greece and the Socialists in Ireland exploiting the very situation that their policies have gotten those two countries to. It's a concept - get everyone entitled and dependent on the government teat, tax all manor of production and wealth to pay for it, then riot when you can't pay the bills. THEN, step in and tell them you are the answer.
Wait a second - isn't that what our government is doing? Well, surely that type of behavior couldn't happen here, right? Umm - take a look at UC Davis a few months ago when they implemented a fee hike:
OK, our protesters are pikers - and downright flippin' goofy - compared to the Greeks and Irish, but just who was the short-grey-haired dude in the red shirt inciting the students? Oh, not to worry, just another run of the mill community organizer! It's the tip of the iceberg folks...in the words of Admiral Joshua Painter (Fred Thompson) in "The Hunt for Red October," "This business will get out of control. It will get out of control and we will be lucky to live through it."
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