USA is Now Twice as Likely to Default as Germany - zerohedge.com
Excerpt from this article:
"...we suspect the real cause of market uncertainty is starting to peak through - the looming debt ceiling crisis that has now become too big and too imminent to ignore."
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In related news...
$15 Trillion Dollar Party, by Michael Snyder (Note: First published in 2012)
Here is an excerpt from this article:
"If you knew that you could live in luxury for the rest of your life but that by doing so it would absolutely destroy the future for your children, your grandchildren and your great-grandchildren would you do it? Well, that is exactly what we are doing as a nation. Over the past several decades, we have stolen 15 trillion dollars from future generations so that we could enjoy a dramatically inflated level of prosperity. Our 15 trillion dollar party has been a lot of fun, but what we have done to our children and our grandchildren has been beyond criminal. We ran up the greatest mountain of debt in the history of the planet and we are sticking them with the bill. Sadly, both political parties have been responsible for the big spending that has been going on. Both Democrats and Republicans have run up huge budget deficits when in power. But instead of learning the hard lessons of the past, both political parties continue to vote for even more debt. They would rather continue to steal trillions of dollars from future generations than have the party end and have to face the consequences."
------------------------------------------------------
Talk show host and constitutional scholar Mark Levin has said:
"You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." (emphasis mine) (source)
Someone once wrote:
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discover it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship and then a monarchy." (Source)
Greenspan: U.S. "Way Underestimating" The National Debt - pjmedia.com
Florida Gov. On Gov't Medicaid Expansion; 'Trillion Dollar Deficits -- Would You Do Business With Them?' - cnsnews.com
Nancy Pelosi: I'm All for Balancing the Budget...in a Few Decades!" - michellemalkin.com
University of California Study: National Debt Really $70 Trillion - thenewamerica.com
Explaining the Obama Economy to 6th Graders
Doom: Naked Came I Into This World, And Naked Shall I Leave It - ace.mu.nu
Excerpt from this article:
"...we suspect the real cause of market uncertainty is starting to peak through - the looming debt ceiling crisis that has now become too big and too imminent to ignore."
-------------------------------
In related news...
$15 Trillion Dollar Party, by Michael Snyder (Note: First published in 2012)
Here is an excerpt from this article:
"If you knew that you could live in luxury for the rest of your life but that by doing so it would absolutely destroy the future for your children, your grandchildren and your great-grandchildren would you do it? Well, that is exactly what we are doing as a nation. Over the past several decades, we have stolen 15 trillion dollars from future generations so that we could enjoy a dramatically inflated level of prosperity. Our 15 trillion dollar party has been a lot of fun, but what we have done to our children and our grandchildren has been beyond criminal. We ran up the greatest mountain of debt in the history of the planet and we are sticking them with the bill. Sadly, both political parties have been responsible for the big spending that has been going on. Both Democrats and Republicans have run up huge budget deficits when in power. But instead of learning the hard lessons of the past, both political parties continue to vote for even more debt. They would rather continue to steal trillions of dollars from future generations than have the party end and have to face the consequences."
------------------------------------------------------
Talk show host and constitutional scholar Mark Levin has said:
"You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." (emphasis mine) (source)
Someone once wrote:
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discover it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship and then a monarchy." (Source)
Sarah Palin has said that America will eventually default on its debt and claims
that the federal government is “stockpiling bullets in case of civil
unrest'” ... (Sarah Palin: Feds Stockpiling Bullets to Use Against Us - politico.com)
Recommended reading:Greenspan: U.S. "Way Underestimating" The National Debt - pjmedia.com
Florida Gov. On Gov't Medicaid Expansion; 'Trillion Dollar Deficits -- Would You Do Business With Them?' - cnsnews.com
Ponzi: Treasury Issues $1,000,000,000,000 ($1 Trillion) In New Debt In 8 Weeks - To Pay Off Old Debt! - cnsnews.com
Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama - zerohedge.comNancy Pelosi: I'm All for Balancing the Budget...in a Few Decades!" - michellemalkin.com
University of California Study: National Debt Really $70 Trillion - thenewamerica.com
Explaining the Obama Economy to 6th Graders
Doom: Naked Came I Into This World, And Naked Shall I Leave It - ace.mu.nu
Recommended podcast and sermon:
When Government Tries to Be God, by Dr. David P. Murray
Racial Justice Vs. Biblical Justice - Fighting and Losing the Wrong Battles, by Pastor Swanson
Racial Justice Vs. Biblical Justice - Fighting and Losing the Wrong Battles, by Pastor Swanson
