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If you are under 40, here’s what you get to inherit as we boomers die off:
Obama on Pace to Borrow $6.2T in One Term—More Than All Presidents from Washington Through Clinton Combined
By Terence P. Jeffrey
January 13, 2012
President Barack Obama and Treasury Secretary Tim Geithner (AP Photo/Gerald Herbert)
(CNSNews.com) – President Barack Obama has been increasing [...]
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Economics, Government Blunders, Obama Presidency at 9:35 AM UTC
So California’s Governor Jerry Brown wants to raise taxes? What’s new? America’s political reality is, no matter how much revenue flows to governments, it’s never enough. At least with this proposed tax increase the voters can say “No!”
Brown Seeks 7% California Spending Boost
By [...]
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Government Blunders, Taxation at 5:51 AM UTC
Is anybody listening? How long will we let this go on?
Obama to ask for debt limit hike: Treasury official
WASHINGTON | Tue Dec 27, 2011 11:33am EST
(Reuters) – The White House plans to ask Congress by the end of the week for an increase in the [...]
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Government Blunders, Obama Presidency at 10:57 AM UTC
Watch and weep. Not sure how old the video is, but our national debt now stands at $15,000,000,000,000. (That’s $15 trillion). Happy viewing:
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Government Blunders, Obama Presidency, Video at 6:42 AM UTC
$600 trillion in derivatives? Whatever the number, debt is the demon that may cause is all to long for the good old days. Happy reading:
The next financial crisis will be hellish, and it’s on its way
By Addison Wiggin | Forbes – November 16, 2011
“There is definitely going to be another financial crisis around the corner,” says [...]
Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders at 6:04 AM UTC
If Israel attacks Iran’s nuclear facilities, disrupted oil flow may result in oil costing $200 per barrel. That shakes out to about $8.00 per gallon for gasoline. It’s possible, as the following story says. Don’t you wish America would pursue true energy independence? It’s probably too late now, but drilling in ANWR, off of our [...]
Posted by Jerry Pomeroy as Economics, Energy, Government Blunders at 2:11 PM UTC
Attorney General Eric Holder said our government’s program, Fast and Furious, was flawed “in concept and execution.” The 1400+ guns Holder sold to Mexican drug gangs, without notifying the Mexican government by the way, has resulted in one dead U.S. Border Patrol agent and who knows how many dead Mexicans. Finally, the slain agent’s parents [...]
Posted by Jerry Pomeroy as Border Security, Government Blunders, Obama Presidency, Video at 6:21 AM UTC
President Obama’s failure to secure permanent bases in Iraq could prove costly. Here’s the real story behind our full withdrawal from Iraq:
Iraq rejects US request to maintain bases after troop withdrawal
The US suffered a major diplomatic and military rebuff on Friday when Iraq finally rejected its pleas to maintain bases in the country beyond this [...]
Posted by Jerry Pomeroy as Government Blunders, Obama Presidency, War in Iraq at 9:21 PM UTC
What’s wrong with Obamacare? Well, its long term care provision, for one. Known as CLASS, even the head of Health and Human Services says it won’t work. Read on to find out why:
Oct 15, 7:11 AM EDT
Health overhaul law suffers first major casualty
By RICARDO ALONSO-ZALDIVAR
Associated Press
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WASHINGTON (AP) — [...]
Posted by Jerry Pomeroy as Government Blunders, Health Insurance Debate, Obama Presidency at 6:43 AM UTC
The following article is a truly chilling account of the world’s financial situation. I’d say, “Save your money; hard times are coming,” but saving money won’t do any good when the coming tidal wave of inflation rolls in. To borrow the Reverend Wright’s saying, the world’s chickens are coming home to roost. Irresponsible borrowing and [...]
Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders at 4:04 PM UTC