Archive for August, 2011

Herman Cain

Immediately following the debt ceiling debacle, the White House announced that the president will take a three-day bus tour through the Midwest to hear people’s concerns about the economy, and talk about measures to boost economic growth and job creation.

Is President Obama that out of touch?

Our national debt has now surpassed the Gross Domestic Product (GDP), because the national debt has grown faster than the anemic GDP growth rate. The unemployment rate was just reported for the month of July at 9 percent, which is the 30^th consecutive month exceeding the promised-to-not-exceed 8 percent rate. The agonizing debt ceiling deal did not prevent the S&P rating agency from downgrading our nation’s credit rating. Businesses are going bust, and some families are broke.

This is beyond concern. These are crises screaming for solutions.

After the president’s tour, we will get another speech. He will once again promise his laser-like focus on economic growth and job creation. We have heard this speech many times before only to get the same results. More talk, talk, talk.

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Dan Calabrese

Congress has reached a deal providing the conditions to raise the debt ceiling.

If you look at it solely in terms of the substance itself, the action they took is nothing to get terribly excited about. Cutting $2.4 trillion over 10 years is really not a great achievement when that alone – if nothing further is cut – would still add more than $10 trillion in new debt during the same period. I’m glad for the automatic trigger, as that eases some of my concern about cuts in the “out years” that future Congresses can just ignore. But it’s still not very much.

But if you look at how these events have changed presumptions about how business is to be done in Washington, the debt ceiling confrontation of 2011 could prove to be a very important, and very positive, event.

Up until now, the debt ceiling was essentially a joke.

Congress would set a limit, spend to the limit and raise the limit. There was no controversy. There were no conditions placed on the increase. It was raised simply because the government wanted to borrow more money. What other reason could you possibly need?

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David Karki

The debt ceiling fight that has just ended exposed everything that is wrong with Washington and why they have left us hurtling for a financial cliff off which, at this point, it seems impossible to avoid plunging. The insane Democrats wouldn’t know reality if it hit them upside the head with a baseball bat, and in many ways they are beginning to resemble a brainwashed cult. The Republicans, despite some Tea Party backbone in the backbenches, are their usual gutless selves and will do anything to avoid facing down the Democrats head on.

And all this over “cuts” that don’t even exist, as we stay on our spendaholic autopilot with increases as far as the eye can see despite uncountable trillions in debt. We are rapidly reaching a point where there are but two options: fight or flight. We can either storm Washington and get in the face of every incumbent, understanding that they will unleash the very hounds of hell to destroy anyone and everyone who would seriously threaten their power, or we can “go Galt” and get off the grid every way possible in preparation for surviving the coming economic cataclysm.

But first, a brief accounting of how delusional beltway politicians have gone through the looking glass and down the rabbit hole to their very own Wonderland: Read the rest of this entry »

Brett Noel

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High-resolution version for newspaper publication.

Greyscale version for newspaper publication.