The ObamaCare Document Stack Photo: Obamacare’s Regulations in One Giant Stack - 20,000 Pages Already

Any Question as to why we need to support the Paul Ryan Plan and Repeal or Defund ObamaCare?

Senator Mitch McConnell tweeted: #ObamaCare regulations - 828 pages in one day. Overall, there are nearly 20,000 pages – with many more to come… along with the photo of the document stack.

Yes, ObamaCare regulators added more than 800 -pages to an ever-growing document that will govern your healthcare. The bureaucrats’ work product now prints out to 20,000 pages — nearly eight times the length of the infamous original bill:

HotAir: That tower is already taller than Kobe Bryant, and much of the law hasn’t even gone into effect yet. According to the Government Accountability Office, Obamacare is projected to add $6.2 trillion to the nation’s long-term deficits, despite presidential assurances that it wouldn’t add a “single dime” to our red ink:

“This legislation is fully paid for, and will not add one single dime to our deficit.”

We’re also seeing more evidence that the healthcare law is killing jobs, as predicted by the Congressional Budget Office and Obamacare opponents alike:

The Federal Reserve on Wednesday released an edition of its so-called “beige book,” that said the 2010 healthcare law is being cited as a reason for layoffs and a slowdown in hiring. ”Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff,” said the March 6 beige book, which examines economic conditions across various Federal Reserve districts across the country.

A former Obama adviser is now admitting that the law was never intended to be “a jobs program.” Funny, that’s not what Democrats told us while they were jamming it down our throats. I’ll leave you with Nancy Pelosi explaining how Obamacare is really all about creating millions of jobs and, er, reducing the deficit:

Video: Pelosi – “The Biggest Growth in Jobs” This Year…

Time for some common sense!!

Video: Paul Ryan: Our budget repeals Obamacare and the Medicaid ‘expansion’

Tax Prof: ObamaCare Tax Increases Are Double Original Estimate:

The Joint Committee on Taxation recently released a 96 page report on the tax provisions associated with Affordable Care Act. The report describes the 21 tax increases included in ObamaCare, totaling $1.058 trillion – a steep increase from initial assessment, according to the Tax Prof Blog. The summer 2012 estimate is nearly twice the $569 billion estimate produced at the time of the passage of the law in March 2010.

Related:

Will ObamaCare Affect Your Pet’s Vet Bills?

Technorati Tags: ObamaCare,ObamaCare regulations,wake-up America,defund ObamaCare,repeal and replace ObamaCare,Paul Ryan,stop spending,balance the budget

The Truth About The Fiscal Cliff In Simple Terms

FISCAL CLIFF, OH NOES!!

By: AJ  -  Cross-Posted at the NoisyRoom

Many either don’t know what the “fiscal cliff” is, or believe this problem is something that it’s not.

Although America ’s economic crisis is not rocket science, the media and politicians have done a good job of keeping the truth hidden so that our focus isn’t on the real problem. After all, if we, the people, understood the real problem, we would demand that they fix it and we are smart enough to know the real fix that’s needed.

To prevent this from happening, politicians and media conjured up this catchy phrase called “the fiscal cliff.” Then they established a narrative that gave us a false target to blame – the so-called “rich.”

In other words, keeping the people’s attention on class warfare directs our anger and rhetoric onto the false target they’ve fed us and off of ‘what’ and ‘who’ created the problem in the first place. This distracts us from formulating and voicing the real solution to the true problem.

So, what is the real problem that created this crisis?

In a nut shell, our elected politicians have continued to spend trillions more in the past four years than taxpayers have given them. Thus, they have brought America ’s economy to the point of near collapse. It’s that simple.

Three of the broader consequences of what they’ve done are:

• For the first time in the history of our nation, America ’s credit rating has been downgraded – twice.
• Our national debt now exceeds its yearly gross domestic product (GDP).
• The value of the dollar continues to decline, which makes prices rise on the things we need and want (i.e. inflation).

Right now on Capitol Hill, politicians claim to have a deal in the works whereby they will:

“…raise the tax rates on family income over $450,000 and individual income over $400,000 from 35 percent to 39.6 percent, the same level as under former President Bill Clinton. Also, estates would be taxed at 40 percent after the first $5 million for an individual and $10 million for a couple, up from 35 percent to 40 percent. Unemployment benefits would be extended for one year.”

While politicians and media are in lock-step focusing everyone’s attention on whom the government can take more money from, who realizes that this simply allows the politicians to continue to spend trillions more at our expense?

Taking more money from the people will result in less growth of the economy, which leads to greater loss of jobs, which leads to increasing the number of people plunged into poverty.

For those buying into the class warfare narrative, know that you are supporting your own demise. How so? The trickle down effect most people don’t realize is that, whether you’re a car mechanic, a retailer, a construction worker, a car dealership, a waiter, a grocery store cashier, etc., these businesses are negatively impacted when customers have less money to spend; therefore, employers will have less income with which to pay employees. Jobs will be eliminated and some businesses will have to shut down altogether.

It’s not rocket science, it is economic reality.

So let’s cut through the political spin, false narratives and diversions and give you the simple truth about the economic crisis and the real solution, which can be found in a “real world” example of what people have to do when they’ve created this same kind of financial mess for themselves.

This might be a helpful way to explain it to family and friends who aren’t aware.

We already know that when a person, family or business continues to spend a lot more than they take in, eventually they find themselves in pretty serious financial trouble. Why? Because they’ve amassed an unsustainable amount of debt that they cannot realistically repay. (Same goes for a country, and that’s exactly what our politicians have done.)

Think of a family that takes home $50,000 a year. If they spend 25% more than they take in each year (say they’re spending $62,500 each year even though they only bring home $50,000 a year), after four years, they’ve accumulated $50,000 in new debt, plus interest, which they owe to creditors.

What happens to this family? Interest on the debt continues to accrue, their FICO score (credit rating) declines and their creditors warn that action will be taken against them to recover what is owed.

The family now has to solve the financial mess they created for themselves.

If they’re serious about solving the problem, what’s one of the first things they have to do? Cut spending.

In addition to cutting their spending down to what they take in ($50K/year), they’ll cut even more spending so they can begin to pay off the debt and interest they racked up.

In most cases, when creditors start receiving regular monthly payments on the debt, things will stabilize as long as the family continues to pay. It becomes apparent to creditors that the family has created a budget that reduces spending and frees up money to start paying down their debt.

When we look at the typical things this family will cut, first to go are luxury purchases, trips, gifts, costly entertainment/hobbies, sending money overseas… basically, non-essentials that they couldn’t afford to be spending on in the first place. Next might be things like having meals at home instead of eating out at restaurants, sack lunches for the kids instead of the daily school cafeteria expense, trading in the fancier car for one that’s half the cost, driving less, using less in utilities, etc.

If that’s not enough, they may start selling non-essential possessions/assets to raise more cash to pay toward their debt. Taking on another job would be good, but in this Obama-economy it’s probably not a realistic possibility. Some families may even need to downsize their residence; move to a two-bedroom apartment instead of maintaining the cost of the four-bedroom home they’ve been renting.

Bottom line is the family has to cut their spending “with a chainsaw,” as Jim Roger’s said when referring to what the government needs to do to solve the financial mess they created for our country.

But politicians refuse to cut spending. They want to continue spending trillions more than they take from us each year.

What is their solution?

• Create a faux fight over how much MORE they will take from us so they can keep over-spending.
• Keep spinning it as class warfare to give us a false ‘target’ to blame.
• Keep us fighting among ourselves as we get behind one of the political party’s ‘plans’ (so that we’re actually rooting for their solutions to take MORE from hard-working taxpayers).
• Divert our attention away from the real problem and the politicians who actually created the problem.
• Remain blind to the fact that politicians want to perpetuate the problem, not solve it.

Insidiously brilliant, isn’t it? It is masterful propaganda and it’s what they always do.

Investopedia explains what will happen if politicians don’t act, but don’t forget that all the ‘expirations,’ sequestration and triggers were put in place/enacted by them.

“If Congress and President Obama do not act to avert this perfect storm of legislative changes, America will, in the media’s terms, “fall over the cliff.” Among other things, it will mean a tax increase the size of which has not been seen by Americans in 60 years.”

So you see, it is our elected politicians who set the stage for this crisis in order to dupe the American people and carry out the political theater now on display so they can get away with taking more from taxpayers, continue the massive over-spending and avert the possibility of torches and pitchforks outside the Capitol.

When these politicians conclude this round of theater, American’s will unwittingly breathe a sigh of relief that they reached a ‘deal’ and saved us.

In reality, the cold hard truth is that we, the taxpayers, continue to serve at the feet of these politicians. As long as they can take more from us – and they surely can – that’s exactly what they’ll continue to do until we have no more for them to take.

The truth about the fiscal cliff, in simple terms, is that the President and Congress deliberately created the economic crisis our country faces. Their massive spending is intentional and, clearly, it hasn’t helped us; it has hurt us. Their intention all along was to continue to take more and more from the people, thereby increasing their power and wealth – and extinguishing ours. How better to expand the ranks of the poor, further de-industrialize America and destroy, from within, a once-great and prosperous nation?

After all, isn’t that what the Progressives’ hundred-year journey to institute “social justice” in America, from both sides of the aisle, has been all about? Of course it has.

Tyranny comes when the people of a nation can no longer do what they did when they were free. Are we there yet?

Related and Latest Updates:

Senate Approves Fiscal Cliff Legislation 

Details of tentative deal averting 'fiscal cliff'

Officials: White House & GOP reach deal

“Tax The Rich” Thrown Out In Socialist France – “It’s Unfair”

Technorati Tags: fiscal cliff,economics,Obamaland,Congress,taxes,socialism

Biden Spends $1 Million Annually for Weekend Trips

Tighten your belts America… just don’t expect Team Obama or Washington to do the same…

Newsweek:

Ronald Kessler reporting from Washington, D.C. — Last June, President Obama appointed Vice President Joe Biden to root out wasteful government spending. But behind the scenes, it’s a different matter.

Every Friday, Biden takes a helicopter designated as Marine Two from the vice president’s residence to Joint Base Andrews in Maryland and then hops on Air Force Two to fly back to his home in Delaware. At the end of the weekend, he returns on Air Force Two, usually a Boeing C-32.

Vice President Biden boards Air Force Two.
(AP Photo)

During warm weather, Biden regularly returns to Andrews on the airplane on Saturdays to play golf at the Air Force base with President Obama. After the golf game, he flies back to Delaware and returns to Washington on the plane on Sunday evening — all at taxpayer expense.

The cost of flying Air Force Two is $22,000 an hour, so each half-hour trip to or from Delaware costs about $10,000. Each golf game costs taxpayers $20,000. At that rate, the annual cost to taxpayers of Biden’s weekend trips is well over $1 million.

In addition, the Secret Service rents more than 20 condominiums in the Wilmington, Del. area for agents who must accompany Biden when he returns to his home state.

Biden’s press office had no immediate comment.

“Biden leaves every Friday from Joint Base Andrews, so he gets lifts from the observatory via Marine Two to Andrews Air Force Base, takes off via Air Force Two, lands in Delaware, and stays the weekend and then comes back on Sunday nights,” says a Secret Service agent familiar with the trips.

Biden has been a long-time proponent of train travel.
(AP Photo)

“Every three or four weeks when it’s warm, he gets up there on Saturday and then will fly back on Air Force Two,” the agent says. “While Air Force Two is sitting on the tarmac at Andrews, he goes and plays golf with the president at Andrews Air Force Base, gets back on the plane, and flies back to Delaware. Let me tell you something, that is egregious.”

Besides that, “The Secret Service rents condos in Wilmington because his schedule is so fluid and never concrete enough to properly prepare for his visits to Delaware,” the agent says. “So they keep a fully staffed Secret Service advance team in Delaware in condominiums that we lease so that when he does these things back and forth to D.C., they’re up there ready for him to arrive.”

The Boeing C-32 that usually flies as Air Force Two is a specially configured Boeing 757-200 commercial jet which typically requires a crew of 18.

As a U.S. senator, Biden was proud of the fact that he commuted daily by train from his home in Delaware to Washington during the week. Amtrak named the newly renovated Wilmington station the Joseph R. Biden, Jr. Railroad Station. But after taking office as vice president, a Secret Service agent says Biden began the pattern of commuting on Air Force Two on weekends, costing taxpayers close to $4 million so far.

As recently as May 12, Biden flew back to Andrews to play golf with Obama and with Biden’s second son Hunter and White House trip director Marvin Nicholson. They played 18 holes of golf for four and a half hours.

Biden also plays golf at a country club he belongs to in the Wilmington area. The Secret Service agent says that since Air Force Two parks at Andrews, Obama is obviously aware that Biden is running up a huge government tab for each game of golf he plays with him.

Asked if President Obama thinks these costs are appropriate, why he has not questioned Biden flying to play golf with him at a cost of $20,000 per game, and in view of these costs of $1 million a year for weekend trips, whether the vice president should no longer be in charge of cutting government waste, the president’s press office had no immediate comment.

In addition to his salary as vice president of $230,700, Biden has free use of the vice president’s residence at the Naval Observatory. The vice president’s residence is a handsome 9,150-square-foot, three-story mansion overlooking Massachusetts Avenue NW in Washington.

Complete with pool, pool house, and indoor gym, the white brick house was built in 1893 as the home of the superintendent of the U.S. Naval Observatory. Congress turned it into the official residence of the vice president in 1974 and gave it the address One Observatory Circle.

During the day, at least five Navy stewards attend to every personal need of the second family, including cleaning, cooking, shopping for food, and doing the laundry.

Biden has portrayed himself as a regular Joe, a product of a working class family who takes on millionaires and Republicans who are said to be out of touch with middle-class Americans.

Last June 13, Obama placed Biden in charge of a Campaign to Cut Waste, which will “hunt down and eliminate misspent tax dollars in every agency and department across the federal government,” according to the White House website.

In an email, Biden told supporters that he was the “new sheriff in town.” He said that “particularly at a time when we’re facing tough decisions about reducing our deficit, it’s a no-brainer to stop spending taxpayer dollars on things that benefit nobody.”

By Ronald Kessler - chief Washington correspondent of Newsmax.com. He is the New York Times bestselling author of books on the Secret Service - In the President's Secret Service, FBI - The Secrets of the FBI, and CIA - Inside the CIA.

The one thing you can bet on is that the Obama White House is not interested in sharing in your sacrifice!!  Make you mad?  It should!!  Remember this in November~

Technorati Tags: Joe Biden,White House,CIA,FBI,Secret Service,Air Force Two,national debt,stop spending,Obamaland,cut waste,wasteful spending

The Seven Most Disturbing Moments So Far in Barack Obama's Presidency

Tuesday, April 17, 2012 9:26:59 PM · by Typical_Whitey · 6 replies - townhall.com | 4/17/2012 | John Hawkins – h/t to MJ

Picking out the most disturbing moments of Barack Obama's presidency is kind of like trying to choose the wettest parts of the ocean. Other than his "Even a blind squirrel sometimes gets a nut" moment where he said "yes" when the SEALS asked if they were allowed to kill Osama Bin Laden, his entire presidency has been one long, slow motion bamboo shoot sliding under the country's fingernails. So, everyone reading will probably be able to think of a few national nightmares that aren't included.

7) Obama bows to a Saudi King: Had Obama spent his childhood entirely in the United States, he probably would have known that real Americans don't bow. Unfortunately, since that's a lesson Obama hasn't learned, Americans have had to endure their President humiliating himself and by extension, the rest of the country, by servilely bowing to foreign leaders. Perhaps the worst of these was the tyrannical, fanatical Saudi king. As Newt Gingrich has said, "I want America to become so energy independent that no American president ever again bows to the Saudi king." No American President should have ever bowed to him in the first place.

6) Obama sides with a foreign leader against an American state: It's bad enough that Obama has been persecuting Arizona for enforcing illegal immigration laws when his administration won't do the job. However, in a despicable display Barack Obama held a joint press conference at the White House with Mexican President Felipe Calderon that featured both of them criticizing Arizona's immigration law. If only there had been someone there to represent America at that event.

5) Obama shoves through history's single most wasteful spending bill. The very first thing Barack Obama did after he was elected was push through the largest and most wasteful spending bill in human history. Most calculations of the cost of the bill came in somewhere between 800 billion and 1.2 trillion dollars. The whole purpose of the bill was supposed to be to create jobs and the Obama Administration claimed the bill would keep unemployment below 8%. Conservatives almost universally said the bill wouldn't work and it received no GOP votes in the House along with only 3 in the Senate (Snowe, Collins, and Specter -- before he changed parties). So, who turned out to be right about a bill that cost more than FDR’s New Deal AND the war in Vietnam combined in today's dollars? Not Obama. We've now had 38 straight months of above 8% unemployment, the longest streak since the Great Depression.

4) The manned space program comes to an end: Putting a man on the moon is one of America's greatest accomplishments and the catalyst for a wide range of scientific achievements. Under Obama, America's Space Shuttle program was ended and in a twist so bizarre you wouldn't buy it if you saw it in a movie, NASA's mission has been changed to getting children excited about math and science, expanding international relationships, and doing Muslim outreach.  As former Astronaut said yesterday, “Discovery’s Final Flight “Tugged on My Heartstrings”as it did for many people.

3) Paul Ryan alerts Tim Geithner that the economy ends in 2027: In one of the most amazing exchanges in the history of American government, after Tim Geithner presented the Obama Administration's stratospherically high long-term budget projections, Ryan showed off a chart created by the CBO estimating that America's economy will shut down in 2027 because of out-of-control government spending. In other words, in 15 years life as you know it in America is over because of the Obama Administration's spending and Obama has absolutely no intention of doing anything about it.

2) Obamacare passes: Never before in American history has one party been arrogant and paternalistic enough to push through a massive entitlement program that was wildly unpopular with the American people and had zero votes from the opposing party. If it isn't stopped, Obamacare will destroy America's health care system by dramatically driving up the cost of care, rationing care, instituting death panels, driving tens of millions of Americans off their health care policies, adding trillions to the debt, and dramatically reducing the number of doctors available to treat patients. Of course the future of medicine in this country could be worse....well, that is if any of those zombie movies turn out to be right. (Even retiring Progressive Barney Frank, who was very much part of the ObamaCare cram down, now admits it was a mistake… just not for the right reasons, but little by little everyone who understands what is in the Affordable Care Act bill and the consequences thereof realizes if it is not over turned it will be the death nail for America.)

1) America loses its AAA rating: Despite the fact that Treasury Secretary Tim Geithner assured Americans that there was "no risk" America would lose its AAA credit rating, America did indeed lose its rating for the first time since 1917 because of Barack Obama's adamant refusal to cut spending. It's worth noting that another credit rating company, Egan-Jones, downgraded the United States AGAIN just a couple of weeks ago from AA+ to AA. Unless something changes, historians will point to the Obama downgrade as the very moment when America started to come down like the Hindenburg.

Best Political Commercial – Barry Hinckley

Am I right? is this campaign ad the best ever? who is the star? Senate candidate Barry Hinckley’s son…. He is 5 years old

Video:  Best Political Commercial – Barry Hinckley

Hinckley for US Senate - Economics for five year olds -  A Rhode Island economics lesson with 5 year old Hudson Hinckley, son of Barry Hinckley.

h/t to Greta Van Susteren  -  Greta says, I am not telling you to vote for or against Barry Hinckley… but this is a cute commercial!!

Senator Scott Brown Endorses Barry Hinckley

British Paper: If White House Really Wanted to Cut Spending They’d Rein in Michelle Obama

$10 million worth of free advice.

From left to right: the first lady’s mother Marian Robinson, Assistant Minister of Finance and Development Planning Gloria Somolekae, Obama, nephew Avery Robinson, daughter Sasha, niece Leslie Robinson and daughter Malia in Botswana. (BET)

Nile Gardiner at The Telegraph offered the White House some advice today. If the Obama Administration really wanted to cut spending they could start by reining in on Michelle Obama.
The Telegraph reported:

With the United States facing a national debt of more than $14 trillion, the largest since World War Two, wouldn’t it make sense for the White House itself to start trimming its own spending? A good place to begin cutting would be Michelle Obama’s rather generous vacation programme. Keith Coffler, who edits the influential White House Dossier, notes that Michelle Obama spent no less than 42 days on vacation over the past year – that’s one in every nine days:

Her vacations, the cost of which are mostly borne by taxpayers, include trips to Panama City, Fla., Martha’s Vineyard, Hawaii, South Africa, Latin America, Vail, Colo., and her visit this week to her brother in Corvallis, Ore.

The total does not include a nine day sojourn in Martha’s Vineyard that the Obamas will enjoy this month. Nor does it include a trip she made to Ireland and Great Britain in May, which I’m counting as official travel.

As Coffler points out, there is a significant cost to the public purse:

Taxpayers pick up most of the cost of transporting the first lady and her extensive entourage – including Secret Service and her staff – to her various destinations. While she may in some cases pay some of the tab for her personal expenses and travel, the amount is dwarfed by the overall cost to the public.

It is unclear what the total cost to the taxpayer actually amounts to. According to one estimate provided by the Daily Mail, the First Lady stands accused by sources inside the White House of spending “$10 million of US taxpayers’ money on vacations alone in the past year.” Judging by the amount of vacation time Michelle Obama has taken and the level of security and staffing that she has, this sounds like a plausible figure. It would be in the public interest to have the exact numbers provided by the White House so that Americans know precisely how much of their money is being spent on vacations.

There does appear to be an unhealthy sense of entitlement on the part of the First Lady, which seems in poor taste at a time when 14 million Americans are out of work, the housing market is collapsing, and the United States is facing the strong possibility of a double-dip recession.

Meanwhile, Judicial Watch has filed a Freedom of Information request to obtain records related to Michelle Obama’s trip to South Africa and Botswana.
The Washington Examiner reported:

Judicial Watch is filing a Freedom of Information Act (FOIA) against the United States Air Force to obtain records related to the June 21-27, 2011, trip taken by First Lady Michelle Obama, her family, and her staff to South Africa and Botswana.

Earlier reports suggested that the cost for air travel cost taxpayers $430,000, but Judicial Watch believes that additional Secret Service officers and White House staff security tallied further expenses.

“How much did the American people spend to send the First Lady on a family outing in Africa? That’s what we want to know,” said Judicial Watch President Tom Fitton. “On the surface, the trip seems to have been totally unnecessary and was as much an excuse for the Obama family to go on a safari as it was a mission intended to advance the nation’s business in Africa.”

Doug Ross has more on Michelle O’s expensive tastes.

Source:  Gateway Pundit

Related:

The Real Truth About Michelle Obama and Sarah Palin… Two Very Different Women! OUCH!!

Felonious Munk Presents: Stop It B! OBAMA PAY YOUR &*%$#% BILLS

Language Alert: This really is a must watch unless you are squeamish about bad language!!

Felonious Munk speaks on the economic state of America and why we shouldn't pay our bills.

When Glenn Beck heard the following rant by comedian Felonious Munk, he couldn’t believe it. You probably won’t either.

Munk is known for recording wild, profanity-laced YouTube rants as part of a series he calls “Stop It B!” Sometimes it’s hard to tell what he really believes and what is part of his routine. But we’ll let you make up your mind regarding his latest rant — a stern message to Obama about the debt ceiling and America paying its bills.

There’s no way to really sum it up, except for that it has a lot of GRAPHIC LANGUAGE and you’ll need headphones to watch if you are in public, at work or near kids. You also might need to cover your mouth from laughing — or gasping…

 

Video:  Felonious Munk Presents: Stop It B! OBAMA PAY YOUR &*%$#% BILLS

Source: The Blaze

Someone sent me this the other day and kept meaning to post it and send it out to my list.  I did send it to Beck, Rush, Greta and O’Reilly though. (…not that I’m taking credit for Beck getting it on the Blaze)  I laughed, gasped, and cheered!!  It is about time I thought!! It is a sad day when a foul mouthed comedian has more sense than the President and those who surround him in the White House (and I don’t want to hear about the Congress because as Democratic President Harry Truman said… the buck stops with the President!), and it is just as sad when a comedian has more guts than most Americans to speak up!!

Ask Marion~

Update:

FELONIOUS MUNK TALKS COMEDY, OBAMA, & WHY HE WOULD JOIN GBTV WITH THE BLAZE

A phone interview with Felonious Munk isn‘t what you’d expect from an energetic, foul-mouthed comedian. He swore once. Ranted just little. And explained how he used to be a finance director making six figures. It’s a job he gave up to do comedy (much to the chagrin of his mother). And now, it‘s a job that’s led him to grab the attention of Glenn Beck.

“I definitely appreciate that kind of exposure,” he said of his recent rant against Obama becoming a favorite on Beck’s radio show. Still, he included a caveat: “You got to keep in mind, it puts me in a unique position as a black guy who has questioned Obama.”

In the three-minute video posted on his YouTube channel recently, Munk berated the government and president Obama for not paying the country’s bills and racking up debt. All with a unique, profanity-laced flavor that left many laughing and gasping at the same time.

(Watch the original video)

For the most part, the reaction to those words from the black community “hasn’t been that bad.” But there are detractors who don’t like him speaking out against a black president. Munk had a message for them:

“It’s disingenuous to complain about a black man saying something about Obama, when, during President Bush’s reign [he made sure to point out he meant to say "reign"] if you spoke out against the government at that time it was kind of this, ‘oh, you‘re not patriotic’ thing. And black people thought that was ridiculous. Well, if that was ridiculous then, it‘s just as ridiculous for you to say that I can’t speak out against Obama.”

So where does the long-bearded comedian, not afraid to criticize Obama, stand politically?

“I hate partisan anything” he told The Blaze from Virginia Beach, VA. “I rant just as much about Republicans as I do Democrats. I rant just as much about the Tea Party as I do liberals.” In fact, he thinks the idea of loyalty to a party is “retarded.”

In fact, he said he supports the president — whether George W. Bush or Barack Obama. But he always retains “the constitutional right to say, ‘that’s ridiculous.’”

Still can’t pin him down? You probably won’t be able to put him in a simple partisan box. Consider this: he’s not a fan of the health care bill (he calls it the “ugliest quilted blanket of health care crap I’ve ever seen”), but has a soft spot for Canada’s single-payer health system.

That seems to lean liberal.

“I think our government has made everything they possible could more difficult, and that‘s just during Obama’s presidency,” he said, later adding, “I think [the health care bill] was one of those things where you made a promise and now you force yourself to keep that promise even though what you eventually came up with was crap.” In other words, “squash it.”

That seems to lean conservative.

He doesn’t think the country is headed for communism like some conservatives, but he believes some of the “socialist” programs put in place during the Great Depression weren’t meant to go on indefinitely, and now some people have become dependent on them.

Liberal and conservative?

The rant he delivered that caught Beck’s eye, he explained, was just one of many issues he has with the president.

“There are, oh my God, a million things.” For example, he’s opposed to foreign aid to Somalia and Israel alike.

Still, he admits some of the things he ranted about in the video were slightly exaggerated for comedic effect.

What is he, then? How about a comedic conundrum.

Who is Felonious Munk?

Felonious Munk isn’t really Felonious Munk. His real name is Dennis Banks. And he said this is the first time he’s admitted that to the media.

He has a surprisingly deep knowledge of history — he spouted off people (both politicians and comedians) and terms from days past like he was, well, a stand-up version of Beck. And his path to comedy wasn’t an ordinary one. He went to college for accounting but then switched to IT after being bored with the former. He then worked in finance for almost 12 years, specifically in the car sales business.

Then, he said, the economy “forced” him into comedy — which is a way of saying business wasn’t good so he chose to do what he loved.

Still, his brand of comedy is different. There are curse words. It can be crass. There are plenty of laughs. But he also wants his craft to make people think.

“I thought comedy was always, ‘make me laugh, but let me go home and think about it,’” he explained, which he says is the offspring of his humor and his different way of thinking about things. Now he’s traveling across the country sharing it with as many people as possible.

And now, because of Beck, he’s tapping an audience that might not have ever known about him. And he’s okay with that. He’s even going to work it into his routine.

“I’m sure Glenn Beck is going to be a part of a few of my shows coming up. As a matter of fact, he’ll probably get a tribute video,” he said chuckling. Which is ironic, he added, because he’s made videos bashing Fox News in the past.

Almost twenty minutes into the interview, he finally started cracking jokes: “I think it’s kind of cool that Glenn Beck sees this video and goes, ‘Wow, this guy who kind of looks like bin Laden makes a point that I agree with.’” He‘s even thinking about donning a turban and Photo-shopping himself shaking Beck’s hand.

And what about Beck’s own joke at the end of his radio show Thursday, wondering if Munk (or Banks) would be willing to join GBTV as a comedian?

“Truthfully, the only way you could get me to shave my beard is if I had that opportunity,” he said while laughing. “If Glenn Beck wanted to make me the Lewis Black of his new TV show, tell him I’m all over it, I’ve got material for months, and I’ve got a couple of really nice suits.”

“We could be like the Run DMC of the new politics.”

Now that’s a funny image!

The Latest on the Debt Crisis Deal and Some Input From Marco Rubio

Rubio on the Senate floor regarding our debt crisis (the ease with which he delivers a smackdown to John Kerry is a nice added bonus):

Rubio: 07.30.11

YouTube Video | Senator Marco Rubio | Sen. Rubio: “Save The Whole House or It Will All Burn Down”

I would love nothing more than compromise. But I would say to you that compromise that’s not a solution is a waste of time. If my house was on fire, I can’t compromise about which part of the house I’m going to save. You save the whole house or it will all burn down. We either save this country or we do not. And to save it, we must seek solutions.

That, my friends, is what hitting it out of the park looks like. Here is the complete text of Sen. Rubio’s remarks (as provided by Rubio’s press office):

Senator Marco Rubio

U.S. Senate Floor Speech

July 30, 2011

Sen. Rubio: “Thank you, Mr. President.

“I rise here on the Senate floor today to speak on the tremendous issue that’s captivated, and rightfully so, the attention of our country.

“Let me start by saying that I do not enjoy nor relish the partisan role of attack dog. I never found any fun in that. I don’t think it’s constructive. I don’t intend to become that here in the Senate.

“I also have only been here for seven months, which means I haven’t been here long enough to think any of the stuff that’s going on is normal. And I certainly don’t think any of the stuff that goes on around here too often is normal. So I think the fact that I’ve been here seven months has served me well in that regard.

“Let me begin if I can. One of the things that I’ve noticed this week is that Washington is full of people from all over the world and all over the country that have traveled here this week to come and watch their government at work and see the monuments of the city and found themselves in the middle of this debate.

“So I think it’s important to remind people what we’re debating because although it is a difficult and important issue, it is not a complicated one to understand. It’s pretty straight forward.

“And here’s the way I would describe it the United States of America more or less — these are rough numbers but they’re accurate – spends about $300 billion a month. It has $180 billion a month that comes to the federal government through taxes and other sources of revenue and that means that in order to meet its bills at the end of every month it needs to borrow $120 billion.

“Now, for much of the history of this country, there have been increases in the debt limit and the ability to borrow money. But what has happened over the last few years is that it’s no longer a routine vote because the people who give us our credit rating are saying too much of the money that you spend every month is borrowed and we want you to show us how over the next ten years you are going to borrow less as a percentage of what you spend.

“And so that’s why, for years, where the debt limit was routine vote, it no longer can be. It’s not something that was made up in some conservative think tank. But the reality that we cannot continue to borrow 40% to 41% of every penny that the government spends has brought us to this point.

“So you would think that seeing that, our government and our leaders here in both parties would react to that immediately and work on it.

“And I’ve heard lot of talk today about delaying tactics and delaying votes. I would argue to you that this issue has been delayed at least for the last two and a half years.

“In the two years before I even came here, this chamber neither proposed nor passed a budget. It is a startling figure that for the last two years this government has operated without a budget. So think about that. Two years have gone by without a budget. The first two years that the President was the president, no budgets.

“Some people would say, well, that’s because of partisanship in Washington. Well, that’s not true. In the two years before I got here, both the House and Senate were controlled by members of the Democratic Party, which are the President’s party. In fact, in this chamber for at least one of those two years, 60 votes, 60 out of the 100 members here caucused with the Democrats. And as you recall, on Christmas Eve of the year 2009, they were able to pass a health care bill that was very controversial because they had the 60 votes in the President’s party.

“Over two years, no budget. In fact you know how long it has been since this chamber proposed a budget? Forget passed a budget, proposed a budget? 822 days. That’s a long time. A lot of things have happened in the last 822 days, but proposing a budget is not one of them out of this chamber.

“So then I got here – and we got here in January, seven months have passed, still no budget. Again, not budget passed, proposed, offered. Here’s our budget. Still no budget. 822 Days and every single day that I’ve been here.

“Now, in the last seven days on this debt debate, we have finally seen a proposal from the esteemed senator from Nevada, the majority leader. You would think, has he brought it to the floor to vote? Not until last night. So, again, offered a proposal over the weekend and still for six days we sat around and what did we do around here? Nothing. It was never brought to a vote.

“You would think these issues would have been worked on in January, February, March — nothing. This chamber has done nothing. You talk about delay tactics? They’ve been delaying for two and a half years.

“Now the President doesn’t have the luxury of some of these things. He has to propose a budget by law, and he did. Let me tell you how ridiculous the budget was. Not a single member of this Senate voted for it, including the Democrats. It is a budget that didn’t lead with the debt limit; in fact, it increased the debt. That’s how absurd the budget was.

“Where is the President plan? We haven’t seen it. We haven’t seen it. Here’s the President’s plan: a blank sheet of paper. He doesn’t have a plan. He hasn’t offered a plan. Again, if this were a Republican president, I would say the same thing.

“I do not understand how an issue of this magnitude, of generational importance, the President of the United States has not offered a plan. If someone has seen the president’s plan, please send it to me because no one else has seen it. It does not exist.

“So this has been the plan all along, by the way. The plan all along was not to take a position, to let the days count down until we got to this point with 72 hours to go and then force a vote on something that they wanted. I believe that that has been the plan the entire time. And you can see it carrying itself out.

“You want to know why people all across America get grossed out about politics? It’s by watching this kind of stuff happen.

“And instead let me tell you what we’ve seen for the last few days. First of all, for today and for much of this time I have heard all these attacks and name-calling. If we had $1 billion for every time I heard the words “tea party extremist,” we could solve this debt problem.

“So all this name-calling, so I said let me read some quotes about this debt limit and I found some pretty extremist quotes.

“Here’s one.

“It says, “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America’s debt.” A quote from a tea party extremist, right? No. This is a quote from March 16 of 2006 from Senator Barack Obama of Illinois.

“I found another extremist quote. This one says, “Because this massive of accumulation of debt was predicted, because it was foreseeable, because it was unnecessary, because it was the result of willful and reckless disregard for the warnings that were given and for the fundamentals of economic management, I am voting against a debt limit increase.” Well, that must be from a tea party extremist member of the House, right? No. This is March 16, 2006, from Senator Joe Biden of Delaware.

“And last but not least, here’s a quote from September 27 of 2007. It says, “I find it distasteful and disturbing to increase the debt limit yet again. Clearly we need to change course and this debt limit bill is just another reminder of that.” And that is from the distinguished Senator from Nevada, the majority leader. On that date in 2007.

“And yet now these same quotes in this context, what we’re talking about raising the debt limit more than has ever been raised in one vote, is extremism? This name-calling is absurd and it sets this process back.

“The other thing I hear — oh, it is not reasonable. This is a waste of time. This bill can’t pass the Senate when they talk about the House bill. So now it disqualifies the bill the fact that it can’t pass in the Senate.

“Well, guess what? The Senate bill can’t pass in the Senate — the Senate bill can’t pass in the Senate.”

Sen. John Kerry (D-MA): “Will the Senator yield for a question?”

Sen. Rubio: “Yes, I’ll yield.”

Sen. John Kerry: “I thank the Senator for doing that. That’s become somewhat unusual in the Senate today. So I truly appreciate it.

“I would ask the Senator, as ironic as it may be that on occasion people in the past have indeed voted against a debt limit — both Republicans and Democrats alike — is it not true that in those situations those votes did not hold the nation hostage, did not come at a moment of enormous economic fragility as we are in today, and did not run the risk of default because it was going to pass overwhelmingly every time?

“Is that not true?”

Sen. Rubio: “To the Senator from Massachusetts, I would say two things.

“The first is that those votes — put it to you this way. If the Senator from Illinois at the time, Senator Obama, had had his way, we’d be in the same position we are in now. Because he had voted against the debt – and I recognize the President has now said that the debt limit is — he made a mistake and he wouldn’t have said that were he here today.

“My point, I would say to the Senator from Massachusetts, is that rhetoric two years ago was not considered extremist language and now that rhetoric, which by the way I have not found. I think it is a myth. There may be a handful of people in the building both in the House and Senate perhaps that believe that the nation doesn’t have to raise the debt limit. But by and large everyone recognizes that something must be done about the debt limit.

“What we have also said – I speak for myself. Let me not speak for any other member of this chamber or the next.

“What I have also said is that it would be a terrible mistake to lose this opportunity to do something meaningful about the debt. And that the debt limit gives us an opportunity to do something meaningful about the debt, because the crisis that America faces is not one that I have defined.

“But one that has been defined by the rating houses and rating agencies who have said if you do not get your spending in order, we don’t care whether you raise your debt limit or not, we will downgrade you.

“And what that means for every American is an increase in their interest payments.”

Sen. John Kerry: “Will the Senator further yield for a question?”

Sen. Rubio: “Yes.”

Sen. Kerry: “Mr. President I appreciate what the Senator is saying. I would just say first of all that everybody understands the danger of the rating agencies right now.

“The problem is, we got to reach across the aisle and negotiate. We’ve got to come to agreement. Right now there’s not a lot of negotiating going on.

“I would ask the Senator, if he doesn’t agree that there is an enormous difference between — the Senator a moment ago said if he had gotten his way. But the whole point is, everybody knew he wasn’t about to get his way. That was a truly symbolic vote.

“Today, however, is it not true we are on the brink of a default and the absence of negotiation or the absence of a settlement presents us with a far more serious consequence to the unwillingness to raise the debt ceiling today?”

Sen. Rubio: “To the Senator from Massachusetts I would say it’s impossible to negotiate with someone who doesn’t offer a plan. How do you negotiate with someone who will not offer a plan and will not put it on the table?

“But the finger pointing of who has a plan and who doesn’t have a plan is relevant, but it’s not the central issue here.

“I would also say that in March of this year, March 30 to be exact of this year, I wrote an op-ed piece that ran in The Wall Street Journal and it outlined the things I was looking for to be a part of this debate. And I was told on March of this year that we didn’t have enough time to do all those things. Although later on we found out perhaps we did, this grand bargain and I am prepared, as I stand here today, if there is a meeting going on right after this, I’d love to be a part of it.

“I am prepared to discuss the things that I believe we need to do not just to raise the debt limit. Raising the debt limit is the easiest thing. That’s one vote away. The hard thing is to show the world we are serious about putting our spending in order so we can show people we’ll able to pay our bills down the road.

“And that is a combination of things that I have outlined very clearly, not just on March of this year inThe Wall Street Journal, but in repeated speeches on this floor.

“And those are the things, we need to do two things.

“Number one is we need to grow our economy because while the debt is the biggest issue in Washington, jobs are the biggest issue facing America. And if we could get more people back to work, we would have more people paying taxes, and if we had more people paying taxes, we’d have more revenue for government.

“And so that is the first thing we need to do, is figure out how to create jobs in America and I think there is bipartisan agreement on things we can do to do that.

“The President himself mentioned regulatory reform as a necessity in the State of the Union. Let’s do it.

“We’ve all talked about tax reform. Flattening and simplifying our tax code. And if there are things in that tax code that do not belong there because they are the product of good lobbying instead of good policy, then let’s go after those things. We’ve talked about that. Let’s talk about that.

“I think we all agree that there has to be some changes in discretionary spending, but we also agree that doesn’t solve the problem. That’s a small piece of our overall budget. That we have to save Medicare because it goes bankrupt if we leave it the way it is. That we have to save Medicaid because it goes bankrupt if we leave it the way it is.

“And I can tell you that history will back up what I’m about to say and that is that there is no government run by conservatives, Republicans, put whoever you want there, if you give government the opportunity to spend more money than it has, it will do it. It will do it every time.

“That’s why I believe there are at least 20 members of the Senate in the other party who have supported some version of the balanced budget amendment and yet it’s something we cannot even get a vote on much less discuss in the Senate.

“So I believe there can be compromise on those outlines but here’s the last thing I would say.

“I believe my time is about to expire so let me close with this.

“Compromise is fantastic.

“I would love nothing more than to leave this building tomorrow night having said the republic still works. I was able to stand shoulder to shoulder with people from states far from mine with views different from mine but who love their country so much that we were able to come together and save it when it faced this catastrophe.

“I would love nothing more than compromise. But I would say to you that compromise that’s not a solution is a waste of time.

“If my house was on fire, I can’t compromise about which part of the house I’m going to save. You save the whole house or it will all burn down.

“We either save this country or we do not.

“And to save it, we must seek solutions.”

Cross-posted at Sunshine State Sarah and the Minority Report

The latest deal, hyped as the great compromise, provides for exactly $4 billion in savings this year. That’s right, $4 billion… essentially nothing! It promises fantasy cuts in future years, which will never happen. It guts defense spending with budget cuts to be shared 50-50 between the Department of Defense and entitlement programs, though entitlement programs are close to three times the size of the defense budget.

There will be a ‘Super’ committee to propose more cuts down the road. The House side will have three Republicans and three Democrats. Earth to John Boehner. You have a majority in the House. Why the hell don’t you have a majority on that committee?

The debt ceiling deal provides for the immediate raising of the debt ceiling, thus fueling the continuing, endless increase in the size of government.

And do you realize that if we don’t repeal ObamaCare, every penny we are saving in this pathetic bill without the guarantee of a balanced budget. will be eaten up with those increases alone? Plus Moody’s wanted at $4 Trillion in spending cuts bill… and this one would only reach $3 Trillion if they really did everything they promised… so we might lose out AAA credit rating anyway. And maintaining our AAA credit rating was the only reason to even consider raising the debt level.  Also, the Dem’s keep saying there are no tax hikes in the latest “Grand Compromise”, but in reality, word is that Obama just plans ‘not’ to extend the Bush tax cuts next time around… to they’ll get their tax hike too.  So finally, if the American people are to get anything out this, the GOP needs to demand a yay vote on the separate Balanced Budget Amendment before passing any version of this… After all the Dems, including Obama, keep saying they are all for balancing the budget and that they would vote for a balanced budget amendment in a separate bill… so let’s do it now, FIRST!

Chances are that this bill will not pass both the House and Senate. Neither the right nor the left is happy. And again… they are asking congress to pass and the American people to accept a bill that nobody will time to read. Didn’t we learn our lesson on that trick?!?

As Rubio mentions, this plan of no plan, so the Dems and Obama could push through whatever they wanted at the last hour was always the plan!  And let us not forget the elephant in the room… Obama’s plan, in his own words has always been to fundamentally transform America.  He just left off the the words: into a second rate country!

Wow… a Palin-Rubio ticket is sure looking good to me… but he’d be a great addition to any ticket!!

“Raising the Debt Ceiling” For Dummies

Lost in all the politics of raising the debt ceiling is a simple understanding of why it is so dangerous to do so.

The government-controlled media is trying to ensure that the public doesn’t have the facts, lacks a clear understanding of the problem and chooses sides based on emotion.

The fact is, at the end of 2008, the Congressional Budget Office (CBO) reported, “At the end of 2008, that debt equaled 40 percent of the nation’s annual economic output (a little above the 40-year average of 37 percent). Since then, the figure has shot upward: By the end of fiscal year 2011, the Congressional Budget Office (CBO) projects federal debt will reach roughly 70 percent of gross domestic product (GDP) — the highest percentage since shortly after World War II.”

The entire US Gross Domestic Product (GDP) for 2010 was $14.62 Trillion. The US debt ceiling currently stands at $14.294 Trillion, which was exceeded in May of 2011. Obama and Congress will be raising the debt ceiling well above our US GDP. Does this make America economically stronger or weaker?

To clarify what the rating agencies said, “Standard & Poor’s and Moody’s credit rating services issued warnings that United States could be downgraded because of the continued large deficits and increasing debt.”

To say that our government is simply spending more than it takes in is an understatement when it comes to the out-of-control spending we’ve experienced under President Obama; what he’s doing is dangerous. He has spent about $12.2 Trillion in just 3 years; that’s $5.15 Trillion more than the approximate $7.05 Trillion that was given to him by taxpayers.

Obama has made America the largest debtor-nation in the history of the world and fully intends to keep spending.

To put this into perspective, let’s look at it this way… It’s like a person spending $86,500 a year when they only bring home $50,000. How long will creditors keep loaning money to this person… especially if this person says they refuse to meaningfully cut their spending and instead expects to increase it every year?

Let’s look at it another way… It took roughly 220 years for our nation to accumulate $5.181 Trillion in debt which occurred in 1996. From 1996 to the end of 2008 (12 years), another $4.473 Trillion was added to our national debt, which is why we screamed for Bush to stop spending. Obama is adding $5.15 Trillion in just 3 years. What he’s doing is dangerous.

So, if you’re not screaming for Obama to stop spending, why not? Raising the debt ceiling without significant strings attached gives him the blank checks he needs to plunge us even further into debt. He refuses to cut spending and dishonestly threatens our creditors, seniors and others in hopes they’ll support him out of fear. He’s historic alright; no President in the history of our nation has ever threatened its citizens or its creditors in this way.

Obama isn’t spending our money to help improve the lives of America’s poor, seniors, veterans, homeless, minorities or others we care deeply about. Here’s just a taste of his real priorities… where he’s been spending our money and what our kids and grandkids will be expected to repay for decades to come:

OVERSEAS

· $63 billion – US Global Health Initiative.

· $665.7 million – International Family Planning & Reproductive Health Programs.

· $1 billion – to Mexico so that they can drill in the Gulf (while Obama caused 23,000 Americans to lose their jobs because of his ban on US drilling in the Gulf).

· $2 billion – to Brazil for OFFSHORE OIL DRILLING!!!!

· $147.3 million – US pays Brazil each year in cotton subsidies to keep its mouth shut.

· $30 billion – of the $100 billion per year for UN Climate Change Policy; the UN admitted global warming is about wealth redistribution, not climate change policy.

· $430 billion from TARP that Timothy Geithner stated will be recovered by January 2011 – of which the Fed spent $350 billion in taxpayer funds to save 35 foreign banks.

· $8 billion – US pays to IMF for Greece Bailout.

· $1.9 billion – International Agriculture Programs.

· $54.1 billion – USAID to other countries for FY 2011 – President Obama already sent $173.5 billion for international/foreign assistance ($90.6 billion in 2010 – a 60% increase compared to FY 2008; $82.9 billion in 2009 – a 47% increase compared toFY 2008).

· $5.96 million – U.S. Ambassadors Fund for Cultural Preservation 2010 Awards (i.e. mosque restoration overseas). NOTE: Section 205.1(d) of title 22 of the Code of Federal Regulations prohibits USAID funds from being used for the rehabilitation of structures to the extent that those structures are used for “inherently religious activities.”

PROPAGANDA ORGANIZATIONS

· $80 billion to Apollo Alliance (socialist/communist George Soros group) to expand community agitation; see this video too.

· $422 million – Funding for Public Broadcasting/NPR – a private company that doesn’t need taxpayer funds.

· $161 million – NEH anti-American group which targets our military.

GROW GOVERNMENT

· $44 billion – This represents a 28% pay increase for Fed employees (Fed pay increased 36.9% since 2000 while private worker’s pay increased only 8.8%.)

· $148 billion – loaned to Fannie Mae and Freddie Mac – these are government operated organizations that are taking control of 90%+ of U.S. home mortgages, and these are the organizations who contributed to the housing meltdown.

· $1.416 billion – Serve America Act FY 2011 to recruit our children at school and get them into “volunteerism” (i.e. recruit and train community agitators).

· $1 billion – Dead people to whom our Federal government sends our money.

· $1.4 billion – FDA to take over our food supply and hire 17,000 more taxpayer-funded government employees.

· $400 million – Michelle Obama’s Food Deserts to open government food stores that are closer to urban areas to save residents the 5 extra minutes of driving time that it takes to get to their existing, privately owned store.

GLOBAL WARMING

· $1.741 billion – INCREASE for “critical efficiency and renewables programs” – this is just the amount of increase to their existing budget.

· $2.4 billion – “clean tech” for energy efficiency and renewable energy programs, a $2.287 billion increase from $113 million in the previous budget [ID:nN01180827].

· $6 billion – clean energy technologies.

· $535 million – Global warming money for a politically-connected private company, Solyndra, to lay off workers and build a new plant (see video here).

· $611.4 million – Bureau of Labor Statistics to gather data on ‘green jobs.’

· $123 million – DoE’s wind program, a $43 million increase over current spending.

· $300 million – the Advanced Research Projects Agency-Energy, or ARPA-E.

$880 Billion is being spent on these items alone in 2011. Are these discretionary expenditures worthy of collapsing America’s economy at a time when we need to reign in spending? If Obama continues to refuse to cut spending, that’s just what will happen.

Don’t be fooled by the propaganda coming from Obama and his regime – to include his MoveOn.org pals. They’re doing George Soros’ bidding. If you haven’t heard, Soros wants a ‘managed decline’ of our dollar and an economic collapse is exactly what he wants. Obama’s actions are clearly leading to what Soros wants.

It’s dangerous to raise the debt ceiling without significant cuts and caps on Obama’s spending and a legislative balanced-budget amendment to prevent future Presidents from doing what Obama’s doing to America.

By: AJ – Posted at the NoisyRoom

Related:

NIA Exposes Debt Ceiling Truth

Next Round in the Debt Crisis (Updated)

The object of the game is to  destroy American capitalism  by having the government take over everything!!!!
                         Want to play?   No???

Too bad, you're already playing...  and just don't know it.              

And by the way?
   You're not winning.

NIA Exposes Debt Ceiling Truth

Here’s where we are at.  Exposing the smoke and mirrors of the congress.

NIA Exposes Debt Ceiling Truth

NIA hasn't written about the whole debt ceiling issue over the past few weeks because in our minds it is completely irrelevant. Our elected representatives in Washington along with the mainstream media have been wasting thousands of hours of time and hundreds of millions of dollars debating a topic that has no meaning at all. The President, Senate, and House of Representatives are putting on a show to make it look like they care about cutting spending and balancing the budget. Except for a select few elected representatives like Ron Paul who care about protecting the U.S. Constitution and preserving what little purchasing power the U.S. dollar still has left, every other politician in Washington is putting on a complete charade in order to trick their constituents into believing there is a difference between the proposals from the Republicans and Democrats.

While our incompetent and corrupt mainstream media has been proclaiming there are major differences between the two bills proposed by House Speaker John Boehner and Senate Majority Leader Harry Reid, NIA believes John Boehner might as well be a Democrat and Harry Reid could easily pass himself off as a Republican. There are absolutely no meaningful fundamental differences between Boehner's plan that was approved by the House of Representatives yesterday evening, before being killed by the Senate two short hours later, and Reid's bill, which was just rejected by the House today in a pre-emptive vote before the Senate even had a chance to vote on it.

Both bills are estimated to reduce the U.S. budget deficit by approximately $900 billion over the next 10 years. Of the $900 billion only about $750 billion are actual discretionary spending cuts with the rest being an expected reduction in interest payments on the national debt as a result of either bill passing. When you have an unstable fiat currency that is rapidly losing its purchasing power and could collapse at any time, it is impossible to accurately project what our budget deficits will be 5 or 6 years from now, let alone 9 or 10 years from today. As far as the next two fiscal years are concerned, both proposed bills from Boehner and Reid are estimated to only cut spending by a total of about $70 billion in fiscal years 2012 and 2013 combined.

The budget that former President Bush submitted to Congress in early-2007, projected the deficit to decline in each of the following four fiscal years. Not only did the deficit not decline the next four years in a row, but it nearly tripled in 2008 and from there more than tripled in 2009. Shockingly, Bush's budget actually projected a $61 billion surplus in fiscal year 2012, but instead we will have a budget deficit of $1.1 trillion based on President Obama's latest budget, which takes into account unrealistic GDP growth next year of 4.86%.

U.S. GDP growth for the first quarter of 2011 was just revised down yesterday by 81% from 1.91% to 0.36%. The advance estimate of second quarter GDP growth came in at 1.28%, well below the consensus estimate of 1.8%. NIA is going to really go out on a limb and predict that second quarter GDP growth will soon be revised downward as well. If this is the highest GDP growth the U.S. could muster after the Federal Reserve's $600 billion in QE2 money printing, this should prove once and for all that monetary inflation does not create real economic growth and employment.

The U.S. Treasury as of Thursday night had $51.6 billion in cash, with its cash position declining by $15.2 billion during the previous 24 hours. It expects to bring in $172.4 billion from August 3rd through August 31st in tax receipts, but is scheduled to pay out $306.7 billion during this time period for an estimated deficit of $134.3 billion. The U.S. is scheduled to make its next interest payment on the national debt on August 15th and it will equal approximately $30 billion. Over the last 9 months the U.S. has spent a total of $385.9 billion on interest payments on the national debt, which means it is on track to spend a record $514.5 billion this year on interest payments alone. Just a tiny 30 basis point increase in the interest rate on the national debt would totally wipe out the deficit reductions proposed by both Boehner and Reid.

The U.S. Treasury has been able to pay its bills in recent weeks by using many different accounting gimmicks. However, come Tuesday, there will be no more accounting tricks left to play and the U.S. won't be able to meet all of its obligations. Without a raise in the debt ceiling, the U.S. government will have to prioritize who it pays using the tax receipts coming in, which will probably include the $30 billion interest payment on the national debt (to avoid a default), $49.2 billion in Social Security payments, $50 billion in Medicare/Medicaid payments, $31.7 billion in defense payments, and $12.8 billion in unemployment benefits. With $23 billion of the $49.2 billion in Social Security payments due to be paid on August 3rd and $59 billion in t-bills due on August 4th, the U.S. Treasury's remaining cash balance could dissipate very quickly.

The 10-year bond yield reached a new 2011 low yesterday of 2.785%, its lowest level since November 30th of last year. It is approaching its record low of 2.08% from December of 2008 during the middle of the financial crisis. With threats of a U.S. debt default making headlines across the world, investors are once again rushing into U.S. bonds as a safe haven. It is almost as if the whole world has gone insane. The world is fearful of the U.S. government defaulting on its debt and not being able to pay off maturing bonds, so as a safe haven let's just all rush into the very asset that will soon be worthless due to either an honest default or default by inflation. The U.S. dollar bubble is the largest and longest running bubble in world history and U.S. bonds are currently mispriced big time.

U.S. dollar-denominated bonds should be the last asset in the world to benefit from fears of a U.S. debt default. One positive sign that NIA members are having success at spreading our message to the world is that gold reached a new all time high yesterday, rising $15 to $1,631 per ounce, with silver rising $0.31 to $40.10 per ounce. Thanks to the efforts of NIA members who worked tirelessly to spread the word about NIA's economic documentaries including 'Meltup', 'The Dollar Bubble', and 'Hyperinflation Nation', a larger percentage of the global population than ever before is educated about the global currency crisis that is ahead.

During the financial crisis of late-2008/early-2009, gold and silver prices declined along with all other assets. Today, NIA estimates that half of the world's investors seeking a safe haven are buying dollar-denominated assets like U.S. Treasuries and the other half are seeking safety in precious metals. By mid-2012, investors will most likely no longer look at U.S. bonds and other dollar-denominated assets as a safe haven. During future times of uncertainty, NIA believes that precious metals will receive nearly 100% of safe haven buying, just like the U.S. dollar received 100% of safe haven buying in late-2008/early-2009.

Once the debt ceiling is inevitably raised, the U.S. Treasury will have a lot of catching up to do in order to get its house in order, and we will likely see the largest amount of debt ever sold by the U.S. government in a single month. With QE2 having finished at the end of June, the U.S. will be relying on foreigners in these upcoming record Treasury auctions. In our opinion, we are likely going to see interest rates rise at an unprecedented rate that will shock the world.

Don't believe the mainstream media's laughable claim that there is a shortage of U.S. Treasuries. It was just reported yesterday that Cambodia, one of the most rapidly growing emerging market economies with GDP growth this year of 6.5%, is moving away from the U.S. dollar, which currently accounts for 90% of their currency in circulation, in favor of its own currency the riel. NIA believes it is only a matter of time until China ends its currency peg with the U.S. dollar. The world is flooded with trillions of dollars in U.S. Treasuries that will soon have no buyers except the Federal Reserve. There is no chance of yields falling below record lows from December of 2008.

The mainstream media has been reporting all week that if the U.S. defaults on its debt as a result of a failure to raise the debt ceiling, it will be the first time that our nation has defaulted on its debt obligations. Most NIA members know that the real U.S. debt default already occurred in 1971 when President Nixon closed the gold window and stopped allowing foreign governments to convert their U.S. dollar holdings into gold. Since then, the U.S. currency system has been completely fiat and the national debt has increased by 3,400%.

For the past 40 years, the U.S. government has been running on fumes left over from when countries were able to convert their paper U.S. dollars into gold. The price of gold has increased by 3,900% during this time period, meaning the U.S. dollar has lost 97.5% of its purchasing power. Meanwhile, the median household income has only increased by 384%. In terms of gold, the median U.S. household is earning 87.9% less income today than they did in 1971. The U.S. debt default of 1971 was many times more significant than the pending debt default, because back then our foreign creditors expected to receive real money and not a piece of paper with no real value that we print. The average American family has experienced a dramatic decline in its standard of living since 1971. The U.S. dollar and its reserve currency status is currently serving as the last thread that is keeping our "house of cards" economy propped up.

The U.S. debt ceiling is very similar to a publicly traded company's authorized shares. When a public company consistently loses money like the U.S. government does, they print new shares just like the Federal Reserve prints dollars and when its total outstanding shares reach the shares authorized, the company's Board of Directors simply raises the shares authorized, which allows it to continue issuing shares and diluting shareholders. Since 1962, the U.S. has raised its debt ceiling 74 times. Any public company that needed to raise its authorized shares 74 times would likely have seen its stock price decline by 99.99% from above $10 to below 1 penny.

NIA is strongly against an increase in the debt ceiling because there are ways for our country to stay afloat and continue operating without getting deeper into debt. The U.S. is currently supposed to have 8,133.5 tonnes of gold reserves at Fort Knox. We don't know for sure if these gold reserves still exist because the last audit of our gold reserves took place in 1954 and we had the little minor issue of our real debt default in 1971. Assuming that all of our gold is still there, this gold is worth $426.5 billion at the present time, enough to cover our U.S. government's deficit spending for almost four whole months. The U.S. government also owns valuable land, buildings, monuments, and other types of Real Estate, that could also be worth hundreds of billions of dollars. Although we don't support selling all of our gold and Real Estate, if the U.S. government isn't going to implement real spending cuts that will lead to a balanced budget, we rather sell our assets than see the dollar-denominated savings and incomes of all Americans lose its purchasing power.

If we continue raising the debt ceiling and getting deeper into debt in order to pay back the debts we already have, we are defaulting on our debts through inflation. With gold at a record high of $1,631 per ounce, the market is clearly telling us that a default through inflation is coming. As the Chinese, Japanese, and our other creditors are paid back in U.S. dollars that are rapidly losing their purchasing power, they will be reluctant to increase their purchases of U.S. Treasuries in the future, which we desperately need them to do in order to fund our spending increases. With the Federal Reserve likely to become the Treasury buyer of last resort, the world will lose their confidence in the U.S. dollar and hyperinflation could potentially break out as soon as 2013.

NIA believes it is very likely that U.S. GDP will begin declining again in late-2011, which will officially put the U.S. in double-dip recession territory. In our opinion, the U.S. is still in the early stages of a hyperinflationary depression and the so-called economic recovery reported by the government and mainstream media has been completely phony and only due to misleading and manipulated economic statistics that don't factor in the real rate of U.S. price inflation. We expect Federal Reserve Chairman Ben Bernanke to do everything in his power to avoid a double-dip recession at all costs.

By the end of 2011, we are confident that not only will we see QE3 under a new name, but the Fed will act to force banks to lend their $1.6 trillion in excess reserves. It is a joke that we are debating spending cuts of $70 billion over the next two years, when only very dramatic across the board spending cuts of 50% or more of the total budget will give the U.S. any hope of balancing the budget and avoiding hyperinflation. Best case scenario, if the U.S. government cuts spending by 50% or more in all areas of the budget including entitlement programs and is able to prevent hyperinflation, NIA still believes we will see the U.S. dollar lose 90% of its purchasing power this decade with the price of gold rising to above $16,000 per ounce.

It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at: http://inflation.us

h/t to Anglo at Sovereignty in Colorado National Inflation Association | 96 Linwood Plaza #172 | Fort Lee, NJ 07024 Related: Next Round in the Debt Crisis (Updated)