October 10, 2013

The Government Default


Today the news is the 2 parties are negotiating a 6-week extension raising the government borrowing. Only 7 days ahead of time. What a show of incompetence!

The Republicans thought they were winning. To paraphrase Governor Piyush "Bobby" Jindal, they have become the party of “Stupid”. This member is disgusted.

The Democrats think they are winning. Wrong! You are the irresponsible teenagers borrowing on your credit card. The day is coming soon where your card will be cut in half, and a very long stretch of your pay being docked is beginning. Debt has to be paid.

The US currently spends $23 billion of every $250 billion of taxes for borrowing. Because of good credit borrowing was 1%. Looking at Greece, Ireland, Spain and Italy the interest rate for over indebted is about 6% or higher.  At that rate the US would have to pay $138 billion out of every $250 billion of taxes for borrowing. How much spending is left for the Democrats? Look at Detroit.

Looking for a 3rd party of adults to cut spending and raise taxes. Both are needed for the crisis we are creating. We need a sustainable economy, manufacturing and spending. Anyone coming forward?

Moral Collapse. Don’t We Recognize Evil?

Israel was attacked by Hamas terrorists. ~1,400 deaths, ~3,500 wounded and ~200 taken as hostages. Thousands of rockets were sent as armed a...