The Top-10 Budget-Deficit Time Bombs

By Bob L.Bomb Clip Art
Explosion Clip Art
Like the song says “Our Day Will Come”! And our day is coming sooner then you think.

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By Terry Easton
02/18/2010

If you’ve read the press releases being put out by Washington these days, you’d be convinced that the big bad Bush-caused recession of 2008-2009 is now safely beyond us.

Tain’t so.

If fact, the hoary mess which began under the last days of Bush & Democrats guarantees that Obama & Democrats will continue to take us down the rat-hole of national bankruptcy.

Here’s why.

The problem dates back a long way – to the “New Deal” days of Franklin Roosevelt and the “Great Society” days of Lyndon Johnson.  Big spenders both: of your money.

In 1933-1936 FDR created his big wave of so-called “progressive” legislation.  The Agricultural Adjustment Act became law in May, 1933.  The AAA paid farmers to not grow food.  It still does.

In 1935, the Social Security Act created Washington’s Ponzi scheme, misrepresented to the voters as an insurance retirement program.  It promised to invest worker payments in safe securities to pay for their future retirement.

Instead, SS payments – really taxes – are paid into the Federal Treasury and spent that year.  The Government then issues Treasury Notes (IOU’s) to a mythical Social Security “Trust Fund”.  In other words, the Government’s left pocket pays its right pocket with IOU’s from your pocket. Read the rest of this entry »

© 2010, America the Beautiful. All rights reserved.

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BP, Conoco, Caterpillar Quit Climate Action Group

Connie HairBy Connie Hair
02/18/2010

As Climategate scandals continue to expose widespread fraud in the global warming “scientific” community, three major companies this week announced their withdrawal from the United States Climate Action Partnership (USCAP), a lobbying group of businesses and radical environmentalists that “have come together to call on the federal government to quickly enact strong national legislation to require significant reductions of greenhouse gas emissions.”

BP America, ConocoPhillips and Caterpillar were the largest companies to withdraw from the group this week revealing a refreshing new boldness from companies once browbeaten by radical environmentalists into supporting “global warming” legislation.

Sen. James Inhofe (R-Okla.), top Republican on the Senate Environment and Public Works Committee, said he wasn’t surprised by this turn of events.

“With cap-and-trade virtually dead this year and the credibility of the UN’s global warming science collapsing, it is no surprise that companies are questioning whether job-killing global warming legislation — no matter how beneficial to their own bottom lines — is really a sound policy after all,” Inhofe told HUMAN EVENTS. “They apparently now see that it’s not. The American people support alternative energy — but not with policies such as cap-and-trade that tax the energy they use now. The best option, the one that Republicans support, is to use all of our domestic energy resources in a way that creates jobs, strengthens energy security, and keeps energy affordable and reliable.” Read the rest of this entry »

© 2010, America the Beautiful. All rights reserved.

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Romney at CPAC: Obama Going Downhill Faster Than Lindsey Vonn

By Human Events
02/18/2010

Former Massachusetts governor Mitt Romney spoke at the Conservative Political Action Conference Thursday afternoon:

Thank you to Jay and to Scott for those generous introductions. Both these men have made real contributions to our nation. It’s good to be back at CPAC. I can’t think of an audience I’d rather be addressing today.

I spent the weekend in Vancouver. As always, the Olympic Games were inspiring. But in case you didn’t hear the late-breaking news, the gold medal in the downhill was taken away from American Lindsey Vonn. It was determined that President Obama is going downhill faster than she is.

I’m not telling you something you don’t know when I say that our conservative movement took a real hit in the 2008 elections. The victors were not exactly gracious in their big win: Media legs were tingling. Time Magazine’s cover pictured the Republican elephant and declared it an endangered species. The new president himself promised change of biblical proportion. And given his filibuster-proof Senate and lopsided House, he had everything he needed to deliver it.

They won, we lost. But you know, you learn a lot about people when you see how they react to losing. We didn’t serve up excuses or blame our fellow citizens. Instead, we listened to the American people, we sharpened our thinking and our arguments, we spoke with greater persuasiveness, we took our message to more journals and airwaves, and in the American tradition, some even brought attention to our cause with rallies and Tea parties. Read the rest of this entry »

© 2010, America the Beautiful. All rights reserved.

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Senator Jim DeMint’s Speech at CPAC

By Sen. Jim DeMint
02/18/2010

Today, U.S. Senator Jim DeMint (R-S.C.) spoke at the Conservative Political Action Committee (CPAC) 2010 Conference. Below are his remarks as prepared for delivery

Thank you David and thanks to the American Conservative Union for organizing this critical mass of conservative hope and change.

I am excited about the prospects for conservative Republicans.

Three years of a Democrat majority and just one year of President Obama have awakened Americans and led millions to become more passionate advocates for freedom.

This has created a wave of new Republicans who are embracing the energy and passion of the American people.

The Democrats’ arrogance and audacious power grabs have made Americans stand up and say, “Enough is enough.”

We now see all too clearly that the hope and change the Democrats had in mind was nothing more than a retread of the failed and discredited socialist policies that have been the enemy of freedom for centuries all over the world. Read the rest of this entry »

© 2010, America the Beautiful. All rights reserved.

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US debt will keep growing even with recovery

By Bob L. Trying to ride out this non recession! Penniless Person Financing Borrowing Clip Art

FILE - This Feb. 1, 2010, file photo shows the National Debt Clock in New York.If any one says that we are not in a recession or ready to drop into a recession you are being misinformed by our Government bureaucrats, and the news media.

Do you think you are better off today then you were TEN yours ago? if you are then you are one of the lucky ones, you better be thankful and hang on to what you have and not look for some thing better.

At this point of time I don’t believe one word this Government is peddling.
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AP
By TOM RAUM, Associated Press Writer
2/14/2010

WASHINGTON – It’s bad enough that Greece’s debt problems have rattled global financial markets. In the world’s largest economic and military power, there’s a far more serious debt dilemma.

For the U.S., the crushing weight of its debt threatens to overwhelm everything the federal government does, even in the short-term, best-case financial scenario — a full recovery and a return to prerecession employment levels.

 Money Animation _ dinamobomb The government already has made so many promises to so many expanding “mandatory” programs. Just keeping these commitments, without major changes in taxing and spending, will lead to deficits that cannot be sustained.

Take Social Security, Medicare and other benefits. Add in interest payments on a national debt that now exceeds $12.3 trillion. It all will gobble up 80 percent of all federal revenues by 2020, government economists project.

That doesn’t leave room for much else. What’s left is the entire rest of the government, including military and homeland security spending, which has been protected and nurtured by the White House and Congress, regardless of the party in power.

The U.S. debt crisis also raises the question of how long the world’s leading power can remain its largest borrower.

 Money Animation _ dinamobomb Moody’s Investors Service recently warned that Washington’s credit rating could be in jeopardy if the nation’s finances didn’t improve.

Despite election-year political pressure from voters for lawmakers to restrain spending, some recent votes suggests that Congress, left to its own devices, probably isn’t up to the task of trimming deficits.

© 2010, America the Beautiful. All rights reserved.

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Germans say euro zone may have to expel Greece

By Bob L. Money Animation _ dinamobomb
 Money Animation _ dinamobomb Is this what we will be seeing here in the United States wondering when these Countries are going to call in their loans.
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Reuters
By Madeline Chambers
2/14/2010

BERLIN (Reuters) – A majority of Germans want debt-ridden Greece to be thrown out of the euro zone if necessary and more than two-thirds oppose handing Athens billions of euros in credit, a poll published on Sunday showed.

Vocal opposition to aid for Greece from members of Chancellor Angela Merkel’s coalition also grew at the weekend with several senior politicians expressing skepticism, especially as Germany’s own recovery is fragile.

The Emnid poll for Bild am Sonntag newspaper showed 53 percent of Germans asked said the European Union should, if necessary, expel Greece from the euro zone. Read the rest of this entry »

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