Time for Thorns

An independent view on life.

Posts Tagged ‘debt

Anticipating Obamacare…

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How would you like having a broken leg for nearly three decades?   Or perhaps you’d rather be this beneficiary of the Polish health care system.   Or just contemplate Craig Smith’s nightmare,  which isn’t as far away as you think.    Consider Doug Powers’  list of what His Oneness expects we sheeple to believe.

It may not be the end of the world portended by this crop circle in England,  but it’s looking rather grim in the US with each of us owing about a quarter million in government debt.   Obama’s answer to this debt is to incur still more debt,  even with Joe Biden happily admitting tha   “everyone guessed wrong”  on the jobless numbers.   Do tell…

Written by timeforthorns

June 19, 2009 at 1:39 pm

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Size of NoKo’s nuke…

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Apparently the Russians reported the underground test as being the size of the bomb dropped on Hiroshima,  but the initial seismic readings indicate it’s much smaller,  and in fact only slightly larger than the one  they generated in October,  2006.

Amb. Susan Rice said today that the US will rely on China to stop North Korea.   That,  boys and girls,  translates as we’re not gonna do a damned thing but express our concern.    The Obama administration is already promoting the theory that China doesn’t want to embarrass its client state,  and that it doesn’t want refugees at its border.    China doesn’t care about the NoKos’ losing face,  has no reluctance to kill,  and like the Russians,   is perfectly happy to have someone distracting the USA and consuming its time and attention.

The bottom line is that China owns so much US debt, and  Obama is so desperate for it to buy more to finance his mad spending,  that he can put no real pressure on China.   The only thing which may save us is that China does not want South Korea and Japan go nuclear.   Nor  does  it wish to lose  control of North Korea,   and it knows many regimes and entities pay handsomely for nuclear weapons and delivery systems.   Weaponry has long been the primary product of that miserable excuse for a country.

Written by timeforthorns

May 27, 2009 at 1:06 pm

Debt load unsustainable…

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Our long-term debt load  is unsustainable,  and we can’t keep borrowing from foreign countries forever.    What makes this remarkable is that Obama himself said it at a town hall meeting in New Mexico.   What he did NOT say is that all of his policies are making the problem vastly worse.    He also didn’t mention that he continues and even enlarges these same policies,  much less acknowledge that he intends to stay this course.

We’re broke,  but the spending doesn’t slow.     Larry Kudlow has some excellent advice for His Oneness and Congress,  which will certainly go unheeded,  as frugality is preached and spending is practiced.

I’m afraid I see this as just more moves from the Saul Alinsky playbook — saying one thing while doing another,  contrary, opposite.    Obama has now warned us of skyrocketing interest rates, rampant inflation,  and the ruination of the financial future of our grandchildren.    His Oneness will,  in due course,  proceed to make matters even more grim by doing the very things which guarantee that dark future.

Do you realize that the unemployment rate is already at the point he warned us it would be if the stimulus package were NOT passed?

Jim Geraghty of National Review has a excellent column on the Alinsky methods and ideology by which Obama operates.     Joan Swirsky tells us why — he hates his country.    That is a theme I will be returning to,  after I’ve replanted my drowned,  now heat-stressed plants,  which want May weather,   damnit,  not July!

Written by timeforthorns

May 16, 2009 at 9:52 pm

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China in driver’s seat…

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Was it just a few weeks ago that Hillary! went to China and ignored human rights issues to beg for continued Chinese lending?

Now the Chinese, their exports down some 25%,  are “worrying out loud,” which lets them demand “guarantees”.     That translates as “your interest rates just went up, you dumb s.o.b.”

Obama’s response?  Send out Press Secretary Robert Gibbs to say “there’s no safer investment than the U.S.”     Which may still be true, but won’t be for long if His Oneness spends us into perpetual debtor’s prision.

Written by timeforthorns

March 14, 2009 at 12:36 am

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Lying on the economy, Part I

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This will take several parts, as there are so many lies, and they cover such a huge range, but Charles Krauthammer neatly lays out the basic dishonesty of His Oneness.

And Obama and his minions keep repeating that 95% of  Americans will receive a tax cut.   Sometimes “working” is used as an adjective for Americans,  sometimes “families” is added after Americans.    It doesn’t matter.    Cap-and-trade is a tax on EVERYONE in the USA, because the increased cost of energy will drive up the cost of everything else.    And the poor and middle class will be the most affected.

One week ago, Obama said he refused to leave  “our children with a debt they cannot repay.”    I laughed out loud when I heard that, because he is trying to saddle us with a debt that our grandchildren won’t repay.    The numbers just don’t work.    Art Laffler has pointed out that Obama has already destroyed half the wealth in this country.    If you took the gross income of every person making over $250,000 a year,  you wouldn’t come close to paying for this spendathon.    In fact, you could go down to those making over $75,000, and still not have enough revenue to cover the debt.

Written by timeforthorns

March 9, 2009 at 1:37 pm

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Congress warned about debt…

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Yes, various economists warned Congress last week that we are on our way to becoming a banana republic, but do you imagine anyone listened?

http://washingtontimes.com.nyud.net:8090/news/2009/jan/16/policies-on-debt-a-risk-to-economy/

There were grim prognostications all around, but I don’t recall anyone directly making the point that government now consumes more than all the citizens are worth, as Ilana Mercer does here:

http://wnd.com.nyud.net:8090/index.php?fa=PAGE.view&pageId=86240

Written by timeforthorns

January 17, 2009 at 2:06 pm

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