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 »

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Unemployment eclipses fiscal jolt

By Bob L.  Lets gets back to the late 40s to the early 60s when you could buy some thing before the greed started.

Lets get this Country back to prosperity where it used to be, so you have lower wages but you also have lower taxes, then maybe more people will be put back to work. If people work money comes in, people don’t work no money comes in, so which do you want jobs with big wages and high taxes, or lower wages with lower taxes. And lower wages mean lower prices, it is time to stop being greedy, this gos for CEO, put that money back into the company, prices will come down and people will be able to afford to buy your products, this covers every thing like, homes, cars, insurance, food and so forth.That gos for the Government, live with what you have and nothing more.

Buy America when ever possible, look at it this way you buy America, business buys from other businesses and the world works. If we don’t work we don’t buy from around the world. Its like the law of nature, what gos up  will come crashing  down, like 1929 to 1939, if they keep doing what they are doing today we will see another depression worst then great depression.

 Money Animation _ dinamobomb It is time to stop spending money like it grows on trees, stop health care, cap & tax and start getting people back to work and lower all taxes to get COMPANIES to start hiring and not be afraid that taxes will go through the roof after they hirer, the more businesses you get, means the more tax money comes in, then work on health care, better known if you don’t have the money you can not buy it, PERIOD! Like you tell the American people live with in your budget, don’t spend more then you make.
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AP
By JIM KUHNHENN and BRETT J. BLACKLEDGE, Associated Press Writers
2/18/2010

WASHINGTON – The jobless got a hand. Taxpayers got tax breaks. And a sinking economy stabilized.

But the public’s response to President Barack Obama’s recession-fighting policies has been increasingly dreary. And the reason is simple: six months of unemployment above 9.6 percent.

“It doesn’t yet feel like much of a recovery,” Obama had to concede Wednesday, even as he sought to promote his year-old massive economic stimulus bill. 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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The UN Deception and the new world order!

By Bob L.
01/30/10
United Nations Clip Art
World Map Clip ArtYou can believe what you want, but what I have seen in 55 years coming through the years to today, seeing these videos brought back a lot of what I forgot about how Africa became one of the poorest nations and who will benefit under a One World Government if Cap & tax passes under climate control,, see if it opens up your eyes, it looks like Obama and the Democrats are the ones to seal the deal on a ONE WORLD GOVERNMENT, and if you really listen to what he has said and is saying these words below have meaning.

Does any of these meanings sound familiar WFA, world order, collective order, interdependence, global community, economic integration, and convergence, these words are always mentioned  in campaign speeches, and in state of the union speeches this is brought up.

The UN Deception! (Part 1/5)

In 1996 the take over of the Congo, the U N shows in a film how successful they were in a propaganda film they put out.

How about Council on Foreign Relations? or Alger Hiss?

Atrocities against the people in Africa by the UN, US, and Russia, are no better then Hitlar and the jews.

The UN Deception! (Part 2/5) Read the rest of this entry »

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Timothy Geithner warns of Ben Bernanke fallout

By Bob L. How I see it!burglar animationguy saying sorry with flowers animation

Here we go save his job because he is pulling this Country out of a possible recession when he was one of the ones that put us here, so now they are going to use the same thing that they did to spend us into a big debt, why are we here any way, I can’t name them all, can you.
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POLITICO

By MIKE ALLEN
1/24/10

Treasury Secretary Timothy Geithner warned that the financial markets would view a Senate rejection of Ben Bernanke’s renomination as “very troubling” but said he’s sure the embattled Federal Reserve chairman will prevail.   Full Story

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