Green Energy
- “raising The Debt Ceiling, Which Has Been Done Over A Hundred Times, Does Not Increase Our Debt”
Barack ObamaIf there is no need to increase the debt, why raise the ceiling?Actually Mr. Obama seems to be asking .. HOW EFFING STUPID ARE YOU AMERICA?Raising the debt ceiling doesn’t increase the nation’s debt, Pres. Obama declared in a speech today.In...
- In Which Timothy Geithner Speaks To Our Real Power
Geithner: We Should Eliminate the Debt CeilingTreasury Secretary Timothy Geithner says he believes the U.S. debt ceiling should be eliminated in a new interview with Bloomberg’s Al Hunt.“Do you agree with Alan Greenspan that we ought to just eliminate...
- The Obama Presidency By The Numbers
With a hat tip to Rational Nation USA: Fact check (dated October 5, 2011):The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total...
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Fox Business: Obama to Banks: We're Not Defaulting By Charlie Gasparino While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn't raised, they privately...
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Fed Passes China as Top Owner of U.S. Debt From Will at The Other News: In the period since the Federal Reserve announced in November that it intended to buy $600 billion in U.S. government debt by the end of this June, the Fed has surpassed mainland...
Green Energy
"Americans remain unaware that this nation is broke — broker than any nation has ever been”
Steyn.
From RealClearPolitics, and Investor’s Business Daily
HERE
Money lines:
The year began with a tea-powered Republican caucus taking control of the House of Representatives and pledging to rein in spendaholic government. It ended with President Obama making a pro forma request for a mere $1.2 trillion increase in the debt ceiling. This will raise government debt to $16.4 trillion — a new world record! If only until he demands the next debt-ceiling increase in three months’ time.A few days before Christmas, we sailed across the psychological Rubicon and joined the club of nations whose government debt now exceeds their total GDPPublic debt has increased by 67% over the last three years, and too many Americans refuse even to see it as a problem...
there is no politically plausible scenario under which the $16.4 trillion is reduced to $13.7 trillion, and then $7.9 trillion, and eventually 173 dollars and 48 cents.
At the deepest levels within our governing structures, we are committed to living beyond our means on a scale no civilization has ever done. Our most enlightened citizens think it’s rather vulgar and boorish to obsess about debt. The urbane, educated, Western progressive would rather “save the planet,” a cause which offers the grandiose narcissism that, say, reforming Medicare
So, for example, a pipeline delivering Canadian energy from Alberta to Texas is blocked by the president on no grounds whatsoever except that the very thought of it is an aesthetic affront to the moneyed Sierra Club types who infest his fundraisers.The offending energy, of course, does not simply get mothballed in the Canadian attic: The Dominion’s prime minister has already pointed out that Canada will sell it to the Chinese, whose politburo lacks our exquisitely refined revulsion at economic dynamism, and indeed seems increasingly amused by it. Pace the ecopalyptics, the planet will be just fine: Would it kill you to try saving your country, or state, or municipality?Last January, the BBC’s Brian Milligan inaugurated the New Year by driving an electric Mini from London to Edinburgh, taking advantage of the many government-subsidized charge posts en route. It took him four days, which works out to an average speed of 6 mph — or longer than it would have taken on a stagecoach in the mid-19th century. This was hailed as a great triumph by the environmentalists.
The Empire State Building was finished in 18 months during the Depression, but in the 21st century the global superpower cannot put up two replacement skyscrapers within a decade.The 9/11 memorial museum was supposed to open on the 11th anniversary, this coming September. On Thursday, Mayor Michael Bloomberg announced there is “no chance of it being open on time.”In a mere half-century, the richest nation on earth became the brokest nation in history, but the attitudes and assumptions of half the population and 90% of the ruling class remain unchanged.
- “raising The Debt Ceiling, Which Has Been Done Over A Hundred Times, Does Not Increase Our Debt”
Barack ObamaIf there is no need to increase the debt, why raise the ceiling?Actually Mr. Obama seems to be asking .. HOW EFFING STUPID ARE YOU AMERICA?Raising the debt ceiling doesn’t increase the nation’s debt, Pres. Obama declared in a speech today.In...
- In Which Timothy Geithner Speaks To Our Real Power
Geithner: We Should Eliminate the Debt CeilingTreasury Secretary Timothy Geithner says he believes the U.S. debt ceiling should be eliminated in a new interview with Bloomberg’s Al Hunt.“Do you agree with Alan Greenspan that we ought to just eliminate...
- The Obama Presidency By The Numbers
With a hat tip to Rational Nation USA: Fact check (dated October 5, 2011):The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total...
-
Fox Business: Obama to Banks: We're Not Defaulting By Charlie Gasparino While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn't raised, they privately...
-
Fed Passes China as Top Owner of U.S. Debt From Will at The Other News: In the period since the Federal Reserve announced in November that it intended to buy $600 billion in U.S. government debt by the end of this June, the Fed has surpassed mainland...