Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Friday, May 8, 2015

You know you live in an upside-down land if…

You can get arrested for expired tags on your car but not for being in the country illegally.

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You know you live in an upside-down land if…

Your government believes that the best way to eradicate trillions of dollars of debt is to spend trillions more of our money.

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You know you live in an upside-down land if…

The Supreme Court of the United States can rule that lower courts cannot display the 10 Commandments in their courtroom, while sitting in front of a display of the 10 Commandments.

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You know you live in an upside-down land if…

Children are forcibly removed from parents who appropriately discipline them while children of “underprivileged” drug addicts are left to rot in filth-infested cesspools.

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You know you live in an upside-down land if…

Hard work and success are rewarded with higher taxes and government intrusion, while slothful, lazy behavior is rewarded with EBT cards, WIC checks, Medicaid, and subsidized housing.

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You know you live in an upside-down land if…

The government’s plan for getting people back to work is to provide 99 weeks of unemployment checks (to not work).

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You know you live in an upside-down land if…

Politicians think that stripping away the amendments to the constitution is really protecting the rights of the people.

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You know you live in an upside-down land if…

The rights of the Government come before the rights of the individual.

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You know you live in an upside-down land if…

Parents believe the State is responsible for providing for their children.

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You know you live in an upside-down land if…

You pay your mortgage faithfully, denying yourself the newest big screen TV while your neighbor defaults on his mortgage (while buying iphones, TVs and new cars) and the government forgives his debt and reduces his mortgage (with your tax dollars).

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You know you live in an upside-down land if…

Being stripped of the ability to defend yourself makes you “safe.”

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You know you live in an upside-down land if…

You have to have your parents signature to go on a school field trip but not to get an abortion.

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You know you live in an upside-down land if…

An 80-year old woman can be virtually strip searched by the TSA but a Muslim woman in a burqa is only subject to having her neck and head searched.

Thursday, September 4, 2014

Obama's Economic Chaos

        Debt Clock - Late August 2014


Since 2008, the nation's debt has increased by 75% and will per Obama's own budget proposal, more than double by the end of the Obama second term. The unfunded liabilities of the U.S. are now 15 times larger than the nation's GDP. Government at all levels, federal, state, and local is now spending the equivalent of 48% of the nation's annual GDP. It will increase to 59% when Obamacare and other programs are fully implemented. 

On January 1 in 2007 The DOW Closed at 12,261, the GDP under Bush for the first quarter was 3.5% and the unemployment rate was 4.6%. Now the REAL National Unemployment Rate is pushing close to 25%, spending as a percentage of GDP is 48%, Taxes have risen on average of 23%, fuel and energy costs are now 104% higher, the number of people that are receiving government assistance of some type has risen some 43%, and the national price index has almost doubled since Jan 1, 2007.

This economic chaos is unsustainable and will crash soon. It cannot be supported on printed money and artificially high Wall Street numbers. We have more energy on our own continent than we know what to do with, yet the cost of energy continues to skyrocket and tighten the noose around our necks while the Obama administration continues to block exploration and drilling of oil and gas reserves right under our noses.

When the dollar falls and is no longer the world currency, we are in for the shock of our lives. If anyone thought the depression was bad, just wait. 

Thursday, August 7, 2014

National Debt Equals Slavery


We have traded one form of slavery for another. 

When President Barack Obama was inaugurated on January 20, 2009, the National Debt was:
$10,626,877,048,913.08

The National Debt was $17,651,845,933,132.44 on August 6, 2014. 

Obama has added over $7 Trillion by himself and will have doubled the National Debt by the time he leaves office