A very sobering piece. Be sure to read both pages.

http://pajamasmedia.com/victordavish...eal-wealth-go/

Originally Posted by Donna2

A very sobering piece. Be sure to read both pages.

http://pajamasmedia.com/victordavish...eal-wealth-go/

Thanks Donna for a great link......two qoutes stand out to me and validate my own thinking....

"Modern Western society is in some sense becoming drone-like, its entitled sensitive citizens assuming ceremonial roles and attitudes about the very landscape they inherited from their industrious predecessors."

AND

"PS. Why am I not too optimistic right now? Our President, who submitted the largest deficits in recent memory, and who is on track to nearly double the national debt in record time, continues to blame Bush — not just for Bush’s lamentable deficits, but for Obama’s own new unsustainable ones. I think his weird logic is: “Bush’s bad deficits made me trump them by a factor of four.” When the Commander-in-Chief expects the populace to believe that, or drops real unemployment figures and talks instead of theoretical jobs saved, or flip-flops on everything from evil Wall Street bankers now suddenly good, or bad nuclear power now vital, then we have about as much hope as we would have under Jimmy Carter."


Thanks again Donna...makes no difference what party is involved....we, as the voters, better wake up quickly. The road we are on right now is not the correct one.

Originally Posted by Bucco

...makes no difference what party is involved......... The road we are on right now is not the correct one.

I agree. The current situation has been predicted for a long time by many brilliant people; and is best summarized at
http://15yearsleft.com
At some point must decide on what one is going to spend one's energy, attention, and effort, so as not to be blindsided, instead of just talking about, or pointing out, the problem; the urgency is much greater than most people imagine.

I sometimes enjoy reading the comments at the end of a good read. Number 12 & 13 are especially good.

Did I miss something Freeda? What I got was a podcast infomercial for Mark Yarnell with no real information? Maybe I clicked on the wrong thing...

Originally Posted by bkcunningham1

Did I miss something Freeda? What I got was a podcast infomercial for Mark Yarnell with no real information? Maybe I clicked on the wrong thing...

+ 1 I waited for info and there was no alternate link.

Donna, thanks for the informative read. I resurrected an old post that I believe supplements the information in the article, fills in some blanks and qualifies some "whys". As time marches on, the points in the post become more self evident. I do not believe the deficit crisis is a product of a "clueless", inexperienced administration. To the contrary I believe it is a cold, calculated and diabolically sinister assault on freedom, democracy and the American way of life by ideologues in the White House.

Cloward/Piven Answers Many Questions

President Obama has named the leaders of his deficit panel:

http://www.newsobserver.com/business...ry/342530.html

http://people.forbes.com/profile/erskine-b-bowles/23669

http://swampland.blogs.time.com/2010...deficit-again/

How's this hope and changey working out??????

Watch what this panel does. Can you say VAT? It will sting every single American, Obama will support it and blame breaking his promise not to raise taxes on Bush.

they did not raise taxes income taxes. To the letter of the law, maybe they are right.
To those of us on this side of it....they are just sticking it to we the people AGAIN.....that is why Obama WILL NOT win a second term.
That is why many more will not get re elected this November.

What happened to stopping the spending? How about something novel.....do not spend "one dime" more than comes in revenue!!!

btk

Geez...so far it is just a panel thing that Washington does all the time. Bush cut taxes and Obama cut taxes, in the stimulus bill but neither of them have cut spending. Bush had off the books funding for the wars, the popular socialist Medicare Prescription drug plan for seniors and TARP. Obama is still funding the wars and had the stimulus package.

They all spend like drunken sailors.

And I would say under the circumstances the Changey Hopey thing is going about as well as the old guy and the hockey mom would be doing.

Obama didn't cut taxes.

A tax cut is a reduction of tax rates. Bush cut tax rates. What BO gave was a very tiny tax credit which by the way gets credited back to your income this year so you have to pay taxes on your tax credit. Tricky isn’t it.

Yep, Bush spend like a drunken sailor. To keep it in perspective, BO is spending like 500 drunken sailors.

Originally Posted by dklassen

Obama didn't cut taxes.

A tax cut is a reduction of tax rates. Bush cut tax rates. What BO gave was a very tiny tax credit which by the way gets credited back to your income this year so you have to pay taxes on your tax credit. Tricky isn’t it.

Yep, Bush spend like a drunken sailor. To keep it in perspective, BO is spending like 500 drunken sailors.

Well Bush didn't cut my taxes because I don't make enough money for his crowd. Credit or cut you get something off your taxes.

What do you mean "his crowd"?

Credit or cut you get something off your taxes.

Incorrect. Read again. With a cut your income tax rate goes down period.

Obama gave a very small (and I mean very small) tax credit that you basically have to pay back the next year. Big difference.