Reflections From a Murky Pond

Sometimes you just have to laugh and the recent brouhaha over once again raising the federal government’s debt ceiling is one of those times, especially given the Leftist Media’s portrayal of the conflict – if one wants to avoid a possible psychotic episode.

Of course Eric Allie’s cartoon is less than perfectly accurate. More perfect imagery would include children careful strapped in the car since it’s our children and our children’s children who the Liberals are stealing from.

Of course compromise, even with those who are hell-bent on destroying America so that they can replace it some Liberaltopian non-nation, is possible. I’d suggest stopping the car and throwing the Liberals, Progressives, and the pet media off the cliff. That way we all get what we want. 😉

Tags: America | Cartoons | Debt | Debt Ceiling | Economy | Humor | Insanity | Leftists | Liberals | Media Bias | MSM | Politics | Progressives

This entry was posted on Wednesday, August 3rd, 2011 at 5:52 am and is filed under Humor, Politics. You can skip to the end and leave a response. Pinging is currently not allowed.

Considering Obama’s supposed education, he’s been pretty pathetically ignorant to-date about all matters except running for political office. He was certainly ignorant of the basic laws of physics and in how they interact with all parts of life. This is rather odd given Harvard’s longstanding tradition of Natural Philosophy.

Fortunately for America, he has been schooled by the GOP…

Resistible Force Vs. Immovable Object

I’m fairly sure that the lesson was wasted on him though. Creature’s like Obama and his cultists rarely learn the lessons that they’re taught, choosing instead to twist things to fit their ideology and therefor reinforcing their own false teachings.

What was more important during the brouhaha over raising the debt ceiling was that the old guard, establishment, status quo members of the GOP were educated about who they served – and that they were nothing but our servants in the first place.

Tags: America | Debt | Debt Ceiling | Deficit | Education | GOP | Humor | Obama | Physics | Politics | Republicans | RINOs | Science | Tea Parties

This entry was posted on Monday, August 1st, 2011 at 6:00 pm and is filed under Humor, Politics. You can skip to the end and leave a response. Pinging is currently not allowed.

Toxic assets has become a popular term for certain types financial assets whose value has fallen significantly and for which there is no longer a functioning market, so that such assets cannot be sold at a price satisfactory to the possessor of those assets which leaves those possessors in a very bad position since they’re holding assets that often cannot be sold except at a significant loss.

To-date this term has mostly been used to describe a subset of securities that were based upon mortgage-based derivatives. I wonder though if people should start thinking of America’s debt in similar terms, at least in the longer term.

The US government, especially the bloated federal government, is and has been living well beyond its means. Expenditures consistently outpace revenues and it’s reached the point where the government and the pundits are all claiming that, if we don’t borrow more money we’ll default on the debt that we already have. Hence, the brouhaha over the current debt ceiling argument in Congress.

In the near-term it would be ridiculously hyperbolic to describe the American government’s debt as a toxic asset but that doesn’t mean that it should objectively be considered a sinecure for investment either. Moody’s, Standard & Poor, and the International Monetary Fund would be right to downgrade US Treasury Bonds and all US Denomination backed debt. A continued AAA credit rating is unwarranted given the ongoing fiscal irresponsibility of America’s government.

However, if the American government doesn’t rediscover fiscal responsibility it’s debt may well in the years to come be classed as a toxic asset. That’s happened to plenty of other nations through the course of even recent history.

Tags: America | Debt | Debt Ceiling | Deficit | Economics | Economy | Employment | Globalism | Politics | TARP | Taxes | Toxic Assets | Unemployment

This entry was posted on Wednesday, July 27th, 2011 at 10:53 am and is filed under Politics. You can skip to the end and leave a response. Pinging is currently not allowed.

The very fact that America is in its current “Debt Crisis” and seeking to, once again, raise it’s own debt ceiling is an example of a willful and utter failure of leadership. Rather than behave responsibly, the politicians in Washington D.C. have chosen to continue to make America reliant upon foreign financial aid and to burden our children and our children’s children with crushing debt owed to foreign powers.

The above was Obama’s stridently voiced opinion when President Bush Jr. was POTUS:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,” he said. “It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.

— Sen. Barack Obama (D-IL), March 20, 2006

Then-Senator Obama then voted, along with 47 other Senators, against the proposed debt ceiling increase. The joint resolution ended up narrowly passing 52 – 48.

Since then, of course, Obama’s public opinion has rather dramatically reversed. Now he and his coterie seem to feel that not raising the debt ceiling would be a failure of leadership.

In January, 2011 the White House was questioned on this turnabout of position. The response from Obama’s mouthpiece, Robert Gibbs revealed quite a lot about Obama’s “character” and his “positions” on issues.

Asked about that quote – and vote — today, White House press secretary Robert Gibbs said that it was important that “based on the outcome of that vote…the full faith and credit was not in doubt.”

Then-Sen. Obama used the vote “to make a point about needing to get serious about fiscal discipline….His vote was not necessarily needed on that.”

So Obama was against the debt ceiling increase when being so would have no near-term consequences that might affect his chances of keeping his job in the US Senate. One must presume that he is for it now for similar reasons since failing to raise the debt ceiling would definitely have near-term consequences – or so his cabal keep telling us – that would negatively impact his continued employment.

Unsurprisingly, this being an election year, Obama has further “clarified” his position on the matter and no longer believes that even token speeches of dissent or unneeded votes of conscience against raising the debt ceiling are appropriate.

Press secretary Jay Carney said that “the president, as David Plouffe said yesterday, regrets that vote and thinks it was a mistake. He realizes now that raising the debt ceiling is so important to the health of this economy and the global economy that it is not a vote that, even when you are protesting an administration’s policies, you can play around with, and you need to take very seriously the need to raise the debt limit so that the full faith and credit of the United States government is maintained around the globe.”

Don’t mistake either my point or Obama’s position. He was not “against it before he was for it.” His position has always been the same, to be elected and reelected. Obama, the Campaigner-in-Chief has no firmly held positions or agendas beyond that or, at least, none that supersede that self-centered and narcissistic core goal.

Like most Liberals Obama’s ideology falls by the wayside whenever pursuing it would force him to make sacrifices or put his personal circumstances at risk. Sacrifices are things that other people should be forced to make for the “greater good.”

~*~

Keep your eyes open. Travel light but load heavy, and always put another round in the enemy after they’re down. 😉

Tags: 2012 Elections | America | Debt | Debt Ceiling | Deficit | Foreign Aid | History | Lies | Obama | Politics | Spending | US Senate

This entry was posted on Monday, July 11th, 2011 at 2:18 pm and is filed under 2012 Election, Politics. You can skip to the end and leave a response. Pinging is currently not allowed.

It is probable that even the Tibetan Lamas strapped into contorted meditative postures in remote caves in the Himalayas know that the US is suffering from a “debt crisis” and that the abject fear of the GOP managing to block a raise to the country’s debt ceiling is rife within both the halls of power and in the hearts of Liberals on the street.

What is much less probable is that the average person really understands what the crisis is about or what the debt ceiling really is and why so many are afraid it won’t be raised in August.

Spend Today For A Brighter Future – For Some Other Country

It’s really quite simple – so simple, in fact, that many normal people don’t get it. The government of the United States of America has maxed out its credit cards again, just like so many Americans had done before the 2008 market contraction. Unlike the citizenry – or the individual state governments – they can raise their own credit limit, which is what the politicians seek to do.

That’s all there really is to it, though politicians and pundits will try to confuse and complicate the matter. The federal government has been living well beyond its means for years, making the “minimum monthly payments” on its debt, and borrowing more and more to maintain itself at the level it has been accustomed to.

And the major real fear is that, if they don’t keep raising their own credit limit, America’s credit score might be hurt and we might have to pay higher – sub-prime – interest rates on future loans.

Sadly for us, there’s no such thing as credit counseling services for sovereign nations.

Tags: America | Budget | Congress | Debt | Debt Ceiling | Deficit | Economics | Economy | Politics | Spending

This entry was posted on Monday, July 11th, 2011 at 11:52 am and is filed under Humor, Politics. You can skip to the end and leave a response. Pinging is currently not allowed.