Sen.Obama On The Debt

Open Thread:

Hannity vs Former Obama Economic Advisor

Discussions got heated between Sean Hannity and former chief economic advisor Austan Goolsbee while talking about jobless claims and the national debt. I like the way this guy handled himself in the interview. He is one of the few advisers that has the guts to take the hard questions on Fox News. I wish all Democrats were like this guy rather then the gutter snipe name callers that permeate the party. He gave clear answers and never backed down from the questions. It's a shame that Obama got rid of him.

What are your thoughts on this interview and the Democratic Party as a whole?

CBO Forecasts High Unemployment Until 2014 Or Longer. What Will A Double Dip Recession Mean To The Rest Of Us.

New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday.Initial claims for state unemployment benefits rose 5,000 to 417,000, the Labor Department said.

 

The Congressional Budget Office released it's annual summer update of the budget and economic outlook on Wednesday and according to the CBO's projection, the national unemployment rate "will remain above 8 percent until 2014."
We know the Democrats and Obama blame everyone and everything under the Sun for this economy. That is Democratic leadership for ya.

All things are pointing to a double dip recession. You may be wondering what that means to you and the future of our economy. First off our debt will grow even faster then it is now, leaving those 53% of Americans that pay federal income taxes on the hook to have their taxes raised.

We will be even closer to an even bigger downgrade from our AA rating.

There will be even less money for States to balanced their budgets. We all know that the unions will be mighty pissed when they have to give even more up. They can't blame anyone but themselves for voting in Democrats that have controlled our country for the last 5 years. But we all know they wont blame themselves for anything.

Fewer people will be working and this will put more economic strain on both States and Federal governments.

As if the Democratic Party hasn't done enough already they will play their two notes, raise taxes on those that pay taxes and spend even more money. In other words punish those that are working and add to our debt.

Soon we will see cities and States going bankrupt. The public union retirees will be out of a pension. They will blame the Republicans rather then blame the Democrats for promising something we could afford. But that is just what children do.

It's no wonder that Democrats are on a rampage against Republicans. They can't run on their performance now can they? Things are bad and they are only going to get worse. The cost of food is still going up. And so is our health care premiums. Our houses are still going down and everything that was too big to fail is still too big to fail.

The solar cell companies that Obama touted as successful are going bankrupt. Obama has made our electricity prices go up by closing coal production mines in Michigan.

We have only just started to see the bad times.

Open Thread:Obama Approval Sinks to 38%. He Blames Racism,Tea Party,Republicans...and Earthquake

 

 

GALLUP: President Obama's job approval drops to 38% while he is riching it up on vacation. It seems most Americans are realizing that liberal policies don't work. I'm sure the president will find someone to blame for his approval rating and the lack of results. It's nice to know that the American people are starting to understand that the Tea Party has been right all along. Obama is change for the worse.

This is an open thread so debate what you want. There is a lot going on in this country and around the world. Speak you mind.

Social Security Disability Insurance To Run Out Of Money By 2017

Social Security disability insurance is set to run out of money by 2017. Social Security is soon to follow thanks to the Democratics Party inability to fix the problems that will be faced in the near future. My generation has already been told that SSI will not be there for us even though we have put our money into it. The Baby Boomers are now coming of the age when they are starting to use SSI and disability insurances.

The Democratic Party would rather say that the Republicans are trying to destroy these programes when all they want to do is make them solvent for the next generation. Since no one has the guts to stand up to those that would rather take all they can from the intitlements rather then take a little less now so the next generation has what they have paid for we will all be in trouble in the near future. The truth of the matter is the Democratic Party could care less that SSI Disability is going under. They could care less that people will die because they can't work and the insurance they paid into wont be there for them or their children if they ever need it.

The government and entitlements have been a failure to our society and because the failure wont show till the next generation they wont do anything about it. But when the money is gone before the Me Generation has had their fill maybe now something will be done about it.

What do you think the future of this country will look like when the next generation is told that they wont get what they paid for? What do you think the streets will look like when both SSI and Disability insurance are no longer solvent and their are no more tax payers to plunder for these programs? Do you think that there will be violence? Or will they just walk off and make due with nothing?

You better be ready to take in grandma and grandpa sooner then you think. Because this next recession is only going to make this matter come to head sooner then later. The next generation not only wont have the entitlements they paid for, they will have the debt they didn't incure and in the end they will have to do what SSI and Disability didn't do. They will have to take care of that generation or leave them to their own fate.

I have already planned to take care of my family and inlaws. Are you planning for the government to fail us? Because you know they will.

Teachers Union Insurance Scam Cost Tax Payers

Do you remember the violent and disgusting demonstrations over Wisconsin Gov. Scott Walker doing away with the collective bargaining for teachers’ unions?  Some school districts went from a $400,000 deficit to a $1,500,000 surplus as a result.  Why is that?  

It seems that the insurance company that provided all the "so-called benefits” to the teachers was an insurance company owned and operated by the teacher's union .  Since they were guaranteed to get the insurance business from the teachers, and the State had to pay for it and not the teachers, they were increasing the annual costs every single year to become the most expensive insurance company in the state. Then the insurance company was donating millions and millions of dollars to their favorite (DemocRat) politicians, who when they got elected, guaranteed to keep funding the unions’ outrageous costs. In other words, the insurance company was a "pass through" for Wisconsin taxpayer money directly to the democratic politicians who kept the whole scandal going. Nice racket, and this is the racket that is going on in every single State that allows collective bargaining.  No wonder the States are taking it away.

Now that the State of Wisconsin is free to put the insurance contract out for bid, and lo and behold, they have saved so much money it has turned deficits into surplus amounts.  As a result, none of the teachers had to be laid off, everyone got a raise, etc, etc., and the taxpayers of Wisconsin don't have to pay more taxes to fund the union's political ambitions.

Thank goodness for the Tea Party and their hard work are electing respectable candidates or we would have even more coruption from the Democratic Party and the unions. It is the unholiest of unions. The students and tax payers are the ones that always get screwed. It's time we get rid of all these public unions. If this isn't proof enough for the corruption of the public unions and the Democratic Party then you are a fool. Public unions are making billions of $ off the back of the working tax paying class. Liberals are going to save the world no matter what it costs and the rich are going to pay for it. Guess what! If you've got a job, you're the rich.

Karl Rove Delivers An Absolutely Epic Blasting to Obama's Boy Bill Burton

 

You have to love the way Rove handed this guy his, @$$ to him. These liberals just don't have a chance against the truth. All they have is their half baked rhetoric and personal attacks. I'd like to see more of this from our presidential candidates. Rove is one smart guy that knows his stuff.
KARL ROVE: The president set up political battle. He had the votes in November and December of last year to get his, quote, "clean debt" ceiling. But instead, he said he wanted the Republicans to, quote, "have ownership" in the deficit. So, he waited until there is a Republican House and then tried to jam them, insisting on a clean debt ceiling. The Republicans said we want to have deficit reduction before we vote for an increase in the debt ceiling. They got it. The president applauded that bill and signed it.
So, you know, I love it. The Republicans passed a budget. The Democrats in the Senate haven't. The Republicans have passed a slew of job creating measures and the Democrats in the Senate haven't.
And the president now sits here and lectures us about how we need to take action. Well, what is his action? He has yet put pen to paper and issue a jobs plan or a deficit reduction plan in the last nine months.
BILL BURTON: You know, Karl --
ROVE: So, please, don't talk to me about ideological rigidity. It came from your White House.
(CROSSTALK)
BURTON: -- but as someone who is a leader in the White House that turned a record surplus into a deficit that got us involved in a war that we never shouldn't have been in and turned the floor of the New York Stock Exchange into a casino, I don't think the American people are quite ready to hear a lecture from you on good governance.
"FOX NEWS SUNDAY" HOST BRET BAIER: Hold on, Bill.
ROVE: You know, Bill --
BAIER: Hold on, Karl.
ROVE: I appreciate the insults, Bill --
(CROSSTALK)
ROVE: The fact of the matter is, is you talk about the financial difficulties we had in 2008, I remember your boss coming to the United States Senate in 2005 and blocking the bill that attempted to rein in Fanny and Freddie before -- while we still had in time to stop disaster from coming and your man joined in a filibuster by every Democrat of the reform bill and then turned around in October of 2008 and finally belatedly voted for it.
And you have you -- want to criticize the Iraq war, you got a secretary of state in your administration who voted for it.
BAIER: OK. Let me just ask the question that he posed originally and that is the plan. That is a lot of people asking, are asking where is the plan? Waiting on the speech. The Senate Democrats have not passed budget in x number of days, almost two years. What about answering that part of Karl's charges?
BURTON: OK. So, that piece of a question. What has the president done to create jobs? There are things that he could sign into law right now if Congress would move forward on it. The payroll tax, the infrastructure banks, trade deals.
BAIER: Well, the trade deals are still in the White House according to Republicans on Capitol Hill, that they haven't sent them over from the White House to Senator McConnell.
BURTON: OK.
BAIER: So, that's thing that's not over.
BURTON: The point is that there are things that Congress could do right now that could help to create jobs. And you're going to hear from the president very soon, on more ideas that he has about this.
And just back to one thing that Karl said -- Karl, yes, I was in that meeting where the president made that point to Eric Cantor. And the point was, yes, elections have consequences and what president needs in Washington are partners who will work with him to actually make progress in this country, not just people like Eric Cantor and John Boehner and Mitch McConnell who would much rather see the economy do poorly so that they can score political points than see America succeed.
ROVE: Bill, with all due respect -- do not question motivations and the integrity of the people on the other side. It's a really bad way to try and get partners. I don't --
(CROSSTALK)
ROVE: We can't have -- we can't have a predictive -- we can't have a political disagreement without me questioning your motivations. That's not a way to get partners.
(CROSSTALK)
BAIER: One at a time.
ROVE: You mentioned a series of ideas, the Democrats a hoping that
(CROSSTALK)
BAIER: Everybody has got to stop.
ROVE: And the president has yet to lay out -- the president has yet to lay out a plan. You mentioned the infrastructure bank -- Democrats have opposed infrastructure bank saying we don't have more money that the government can to lend to bailout certain businesses.
BURTON: Karl, the president --
(CROSSTALK)
BURTON: There's a difference between whether or not there's a plan or whether or not Karl Rove endorses it.
ROVE: The president has talked about -- yes, there is no the plan. The president has talked briefly, sort of raised a little bit of the curtain to suggest that he's going to ask for an extension to payroll tax holiday, temporary tax cuts don't encourage economic growth. We've had payroll tax cut this year and had we gotten robust economic growth as a result? No.
BAIER: OK. I'm trying to be the traffic cop here. And there's a little delay, Karl, so I know you can't hear right now when I try to jump in -- and I'm sure that's why haven't stopped when I have.
ROVE: Not really, Bret.

 

Liberal Protesters Arrested Over Proposed Canada-to-Texas Oil Pipeline

 

AP

Arrests are beginning outside the White House as police remove dozens of protesters who are hoping to convince President Barack Obama to block TransCanada's Keystone XL pipeline.
The opening day of a two-week civil disobedience campaign, 50 protesters remain in jail after being arrested outside the White House on Saturday.
It seems that liberals just can't help being lawless will they destroy any progress in our economy and energy needs.

Maxine Waters said, ‘Tea Party Can Go Straight to Hell’

Democratic Rep. Maxine Waters had strong words for the Tea Party, saying they could go “straight to hell”.

Speaking at a forum in her California district, Waters vowed to push Congress to create more jobs, the Los

“I’m not afraid of anybody,” Waters told the crowd. “This is a tough game. You can’t be intimidated. You can’t be frightened. As far as I’m concerned, the Tea Party can go straight to hell.”
The Democrats just don't stand for anything any more. They just stand against everything. You can't create jobs with rhetoric and spending tax payers money that we do not have and raising taxes. It's no wonder we are heading for another recession without leaving the last one.

These idiots have been in total control and did everything they wanted and it didn't work. Doing more of the same is just crazy. But that is exactly what the Democrats want to do. I can't wait for 2012 when Americans clip the Democratic Parties wings for what they did to this country.