Question: Could it be true that the U.S. debt will hit $20 Trillion in the next ten years, which means that the size of the federal debt would increase by nearly 250 percent over 10 years, from $7.5 trillion to a whopping $20 trillion?
The following article and/or blog post reveals the disturbing answer to this question-You Decide:
Financial Times: U.S. Debt to Hit $20 Trillion in 10 Years–Posted on NewsMax.com-On April 21, 2010:
These are pertinent excerpts from this article and/or blog post:
“While the global financial system remains transfixed by the problems of Greece and several other European countries risking default over their massive debts, the real threat is whether the credit standing and currency stability of the world’s biggest borrower, the United States, will be jeopardized by its disastrous outlook on deficits and debt. That’s the fear raised in a devastating Op-Ed on the Financial Times website written by Roger Altman, a former deputy U.S. Treasury secretary under President Clinton who is now chairman of Evercore Partner, a leading global advisory and investment firm.
“America’s fiscal picture is even worse than it looks,” Altman writes. “The non-partisan Congressional Budget Office just projected that over 10 years, cumulative deficits will reach $9.7 trillion and federal debt 90 percent of gross domestic product – nearly equal to Italy’s.
“Global capital markets are unlikely to accept that credit erosion,” Altman says. “If they revolt, as in 1979, ugly changes in fiscal and monetary policy will be imposed on Washington. More than Afghanistan or unemployment, this is President Barack Obama’s greatest vulnerability.”
The financial outlook for the United States is frightening. The CBO projects the size of the federal debt to increase by nearly 250 percent over 10 years, from $7.5 trillion to a whopping $20 trillion.
The only remote comparison to such a debt load occurred during World War II, a global conflict that killed 50 million people, Altman and other analysts have written. But there is no real comparison even in the 1940s and ’50s for such a rise in indebtedness – nothing remotely like it has occurred since record keeping began in 1792, Altman writes.
“It is so rapid that, by 2020, the Treasury may borrow about $5 trillion per year to refinance maturing debt and raise new money; annual interest payments on those borrowings will exceed all domestic discretionary spending and rival the defense budget,” Altman writes in Financial Times.
“Unfortunately, the healthcare bill has little positive budget impact in this period.
“Why is this outlook dangerous? Because dollar interest rates would be so high as to choke private investment and global growth,” Altman points out. Altman makes clear that this mess is not entirely Obama’s doing. But the massive spending programs his administration proffers have taken a potential catastrophe in the making and made it much worse.
The severe fiscal decline during the past year reflects a continuation of the Bush deficits and the lower revenue and countercyclical spending triggered by the recession. Obama’s own initiatives are responsible for only 15 percent of the deterioration. But Obama now owns this crisis. The economy is simply too weak right now to handle a severe deficit reduction plan, Altman says. And the budget commission Obama has appointed to study deficit reduction will not report until December, meaning much of 2011 could by consumed by further debate with little tough action.
But Altman says the solution is clear to everyone: “The deficit/GDP ratio must be reduced by at least 2 percent, or about $300 billion in annual spending. It must include large spending cuts, such as to entitlements, and new revenue.”
Altman says it also must come from higher taxes on income, capital gains and dividends, or a new tax, such as a progressive value-added tax (VAT).
But that clearly will be anathema to fiscal conservatives, especially in the wake of the enactment of the largest piece of social spending legislation in the past half century, the Obama healthcare law.
But to do nothing is unthinkable, Altman writes. “The second possible course is the opposite: government paralysis and 10 years of fiscal erosion. Debt reaches 90 percent of GDP. Interest rates go much higher, but the world’s capital markets finance these needs without serious instability.
“History suggests a third outcome is the likely one: one imposed by global markets. Yes, there may be calm in currency and credit markets over the next year or two. But the chances that they would accept such a long-term fiscal slide are low. Here, the 1979 dollar crash is instructive. The Iranian oil embargo, stagflation and a weakening dollar were roiling markets. Amid this nervousness, President Jimmy Carter submitted his budget, incorporating a larger than expected deficit.”
That triggered a plunge in the dollar that destabilized markets, forcing Carter to resubmit a tighter budget and the Fed to raise interest rates. Both actions harmed the economy and severely injured his presidency.
“America’s addiction to debt poses a similar threat now,” Altman concludes. “To avoid an imposed and ugly solution, Obama will have to invest all his political capital in a budget agreement next year. He will be advised that cutting spending and raising taxes is too risky for his 2012 re-election. But the alternative could be much worse.”
Note: What follows are numerous articles and/or blog posts that relate to and/or support the above article and/or blog post-You Decide:
How Obama Thinks–Posted on Forbes.com-By Dinesh D’Souza-On September 9, 2010:
Newt Gingrich Calls Obama a Con Man–Posted on CBSNews.com-By Dan Farber-On September 12, 2010:
European banks took big slice of Fed aid!–Posted Financial Times-By Robin Harding and Tom Braithwaite in Washington and Francesco Guerrera in New York-On December 1, 2010:
Our Economy Can’t Afford More GM “Success” Stories!-Posted on The Heritage Foundation-On November 19, 2010:
Poll: Seniors See Bleak Future for Their Children, Grandchildren’s Retirement Future!–Posted on CNSNews.com-On Chris Johnson-On November 17, 2010:
Government Employees Owe Billions in Delinquent Taxes!–Posted on CNBC.com-By Eamon Javers-On November 16, 2010:
Bipartisan Group Warns of Dangers from Unsustainable Debt, Deficit!–Posted on CNSNews.com-By Fred Lucas-On November 10, 2010:
Planned Parenthood Got $349.6 Million in Tax Dollars, Performed 324,008 Abortions, Paid Its President $385,163!–Posted on CNSNews.com-By Penny Starr-On November 11, 2010:
Obama Recasts Asia Trip as Jobs Mission!–Posted on The New York Times-By MICHAEL D. SHEAR-On November 5, 2010:
Golden Hookah Award: Michelle Obama’s $400-Million Plan to Fight ‘Food Deserts’!–Posted on CNSNews.com-By Craig Bannister-On November 4, 2010:
Get To Work On Spending Cuts!–Posted on The Heritage Foundation-On November 4, 2010:
‘We’re Greece’ in a Few Years: Sen. Gregg!–Posted on CNBC.com-By Michelle Lodge-On November 3, 2010:
Cantor Wants Across-the-Board Spending Cuts!–Posted on NewsMax.com-On November 3, 2010:
Rep. Bachmann Blasts Obama’s Pricey Asia Trip!–Posted on NewsMax.com-On November 4, 2010:
US to spend $200 mn a day on Obama’s Mumbai visit!–Posted on Press Trust of India-Updated on November 03, 2010:
Freddie Mac posts $4.1B loss for Q3!-Posted on Yahoo News-By The Associated Press-On November 3, 2010:
The Final Nail in the Democrats’ Coffin!-Posted on Townhall-By Larry Kudlow-On October 30, 2010:
How To Cut Federal Spending!–Posted on The Heritage Foundation-On October 29, 2010:
Dollar printing feeding China inflation: minister!–Posted on Brietbart-On October 27, 2010:
Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’!–Posted on CNSNews.com-By Terence P. Jeffrey-On October 25, 2010:
The Obama Administration’s Secret Plan to Hijack Your 401(k)s and IRAs!-Posted on Independent Living News:
In 15 of Last 25 Months, Treasury Needed to Borrow Money to Pay Social Security Benefits!–Posted on CNSNews.com-By Chris Johnson-On October 20, 2010:
Armageddon: What Democrats Are Hiding & Why They Are Really Scared: ‘If Democrats were running a corporation, their actions would be criminal!’–Posted on Red State-By LaborUnionReport (Profile)-On October 19, 2010:
Shock Report: National Unemployed and Underemployed 17.5%; California 22%!–Posted on Big Government-By Larry O’Connor-On October 24, 2010:
The Left Still Doesn’t Get Poverty!-Posted on The Heritage Foundation-On October 19, 2010:
It’s Official: Obama Has Now Borrowed $3 Trillion!–Posted on CNSNews.com-By Terence P. Jeffrey-On October 18, 2010:
Deficits and Depression!–Posted on Real Clear Ploitics-By Victor Davis Hanson-On October 14, 2010:
Krauthammer Not Surprised Obama Unaware of Shovel-Ready Jobs: No Shoveling at Harvard Law School!–Posted on News Busters-By Jeff Poor-On October 14, 2010:
Obama Wants $1.25 B to Compensate up to 66,000 African American Farmers for USDA Discrimination in 1981-96; Census Says African American Farmers Peaked at 33,000 in Those Years!–Posted on CNSNews.com-By Nicholas Ballasy-On October 14, 2010:
Obama is sneaking “Reparations” by us to buy Black votes with our money!-Posted on The Coach is Right-By Kevin “Coach” Collins-On September 2, 2010:
National Debt Increases for 53rd Straight Fiscal Year; Jumped $1.65 Trillion in FY 2010!–Posted on CNSNews.com-By Terence P. Jeffrey-On October 14, 2010:
Obama Administration Gave General Electric—Parent Company of NBC–$24.9 Million in ‘Stimulus’ Grants!–Posted on CNSNews.com-By Fred Lucas-On October 11, 2010:
Obama’s Anti-Prosperity Crusade!–Posted on Front Page Magazine-By Tait Trussell-On October 8, 2010:
Gallup Finds U.S. Unemployment at 10.1% in September: ‘Underemployment, at 18.8%, is up from 18.6% at the end of August’!–Posted on Gallup.com-By Dennis Jacobe, Chief Economist0On October 7, 2010:
Suburbs take hit as US poverty climbs in downturn!–Posted on One News Now-By HOPE YEN- Associated Press Writer-On October 7, 2010:
Food Stamp Recipients at Record 41.8 Million Americans in July, U.S. Says!-Posted on Bloomberg-By Alan Bjerga-On October 5, 2010:
72,000 stimulus payments went to dead people!-Posted on Yahoo News-By STEPHEN OHLEMACHER, Associated Press-On October 7, 2010:
President Obama Used Stimulus Funds to Reward Companies Pushing His Energy Policy!–Posted on National Center for Public Policy Research-On October 7, 2010:
IMF Warns Western Economies Mired in ‘Near Depression’!–Posted on NewsMax.com-By David A. Patten-On October 4, 2010:
Obama and Federal Reserve Courting Disaster!–Posted on Floyd Reports-Floyd Brown-On October 1, 2010:
Number of Americans living in poverty ‘increases by 4m’!–Posted on BBC News-On September 16, 2010:
On a Wing and Taxpayers: Minnesota City has $5 Million Airport Terminal But No Place to Go–Posted on Big Government-By Tom Steward-On October 2, 2010:
Morning Bell: The Bipartisan Fight Against the Obama Tax Hikes–Posted on The Heritage Foundation-On September 30, 2010:
As New Fiscal Year Looms, Congress Has Passed 0 of 13 Appropriations Bills–Posted on CNSNews.com-By Matt Cover-On September 29, 2010:
Morning Bell: The Protectionist Threat of Another Great Depression–Posted on The Heritage Foundation-On September 29, 2010:
More CEOs Seeing Obama As Bad Hire–Posted on Investors.com-On September 21, 2010:
‘Black Swan’ Author: Obama Stimulus Worsened Crisis–Posted on Money News-On September 26, 2010:
Obama Stimulus Made Economic Crisis Worse, `Black Swan’ Author Taleb Says–Posted on Bloomberg.com-By Frederic Tomesco-On September 25, 2010:
Hide-and-seek game with billions in debt–Posted on WND.com-By Bob Unruh-On September 26, 2010:
More ‘fixes’ won’t fix California–Posted on The Orange County Register-By Steven Greenhut email@example.com-On-September 24, 2010:
U.S. Has Spent $1.39 Million on Study Surveying Married Tajik Migrant Workers in Moscow, and Interviewing Some of Them, Their Wives, Girlfriends and Prostitutes–Posted on CNSNews.com-By Dan Joseph-On September 24, 2010:
Video: Home Depot CEO, Obama’s Advisers “Don’t Have a Clue”–Posted on ExposeObama.com-On September 20, 2010:
Audit: $2 Million Per Stimulus Job–Posted on Vision to America-On September 18, 2010:
White House Science Czar Says He Would Use ‘Free Market’ to ‘De-Develop the United States’–Posted on CNSNews.com-By Nicholas Ballasy-On September 16, 2010:
Europeans Push Global Tax to Fund Poverty-Reduction, Climate Change Causes-Posted on CNSNews.com-By Patrick Goodenough-On September 17, 2010:
Taxpayers Paid At Least $9 Million for Signs Promoting Obama’s Economic Stimulus: ‘Republicans question the estimates as being too low’–Posted on CNSNews.com-By Fred Lucas-On September 17, 2010:
China Hinders U.S. Recovery, Senators Tell Geithner–Posted on The New York Times-By SEWELL CHAN-On September 16, 2010:
“Retirement Nationalization” Hearings Start Today–Posted on The Financial Physician- By Lou Scatigna-On September 14th, 2010:
Stimulus money going to El Salvador shows Democrats care about our money, not about us–Posted on The Coach is Right-By Kevin “Coach” Collins-On September 14, 2010:
Government Spending Millions of Dollars on Public Health Training Centers–Posted on CNSNews.com-By Susan Jones-On September 14, 2010:
Politicizing Banks, Again–Posted on The National Review-On September 14, 2010:
Holding Economic Recovery Hostage-Posted on The Heritage Foundation-On September 13, 2010:
Obama Inches U.S Toward Debt Crisis, or Bankruptcy–Posted on Floyd Reports-By Ben Johnson-On September 10, 2010:
Morning Bell: Half-Billion Dollar Schools Can’t Fix American Education-Posted on The Heritage Foundation-On September 10, 2010:
Obama and the Definition of Insanity–Posted on Floyd Reports-By Guest Writer-On September 9, 2010:
Morning Bell: Obama’s Desperate Times and Desperate Measures-Posted on The Heritage Foundation-On September 9, 2010:
50 Mind Blowing Facts About America That Our Founding Fathers Never Would Have Believed–Posted on Economic Collapse-On September 8, 2010:
Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data-Posted on CNSNews.com-By Terence P. Jeffrey, Editor-in-Chief-On September 08, 2010:
Obama Goes Partisan, GOP Strikes Back at New Stimulus Plan-Posted on NewsMax.com-By David A. Patten-On September 8, 2010:
Obama Tax Plan Gives and Takes, and Takes, and Takes….-Posted on Floyd Reports-By Ben Johnson-On September 8, 2010:
Video of the Day: Lou Dobbs to Obama, “Quit Whining and Start Leading”–Posted on ExposeObama.com-On September 8, 2010:
The ($50 Billion) Road to Serfdom–Posted on Floyd Reports-By Ben Johnson-On September 7, 2010:
Morning Bell: The Obama Tax and Spend Hikes–Posted on The Heritage Foundation-On September 7, 2010:
Obama’s Stimulus Creates High Unemployment–Posted on NewsMax.com-By Dick Morris & Eileen McGann-On September 7, 2010:
Feds eyeing private money to finance deficit? ‘Fiscal policy appears headed toward policy like Argentina’s’–Posted on WND.com-By Jerome R. Corsi-On August 31, 2010:
Morning Bell: The Audacity of Failure–Posted on The Heritage Foundation-On September 3, 2010:
Why Wall St. Is Deserting Obama–Posted on The New York Times-By ANDREW ROSS SORKIN-On August 30, 2010:
GOP Charges Obama’s Economic Policies ‘Failing Miserably’–Posted on NewsMax.com-By David A. Patten-On August 30, 2010:
Zuckerman: The Most Fiscally Irresponsible Government in U.S. History-Posted on U.S. News-By MORTIMER B. ZUCKERMAN-On August 26, 2010:
Democrat Tells Truth: Trillions spent but ‘ ‘Nothing to Show for It’–Posted on National Review Online-By Michael Sandoval-On August 25, 2010:
FACT CHECK: Stimulus Assessments Overly Optimistic–Posted on NewsMax.com-On August 26, 2010:
Experts Put Recession Risk at 40 Percent as Jobless Claims Stay High–Posted on Money News-By David A. Patten-On August 26, 2010:
CBO Report: Hard to Say How Many Jobs Really Saved by Stimulus-Posted onCNSNews.com-By Fred Lucas, Staff Writer-On August 26, 2010:
One in 10 With a Mortgage Faces Foreclosure–Posted on NewsMax.com-On August 26, 2010:
Morgan Stanley Says Government Defaults Inevitable–Posted on Bloomberg.com-By Matthew Brown-On August 25, 2010:
Newsmax Exclusive: Alaska’s Joe Miller Declares US Has ‘Gone Bankrupt’–Posted on CNSNews.com-By David A. Patten-On August 25, 2010:
Global Islamic Sites to Get American Facelift-Posted on IsraelNationalNews.com-By Chana Ya’ar-On August 26, 2010:
Cashing In On Ground Zero–Posted on Forbes.com-By Claudia Rosett-On Agusut 24, 2010:
Little-known fact: Obama’s failed stimulus program cost more than the Iraq war-Posted on The Washington Examiner-By Mark Tapscott, Editorial Page Editor-On August 23, 2010:
Taxpayers Finance Obama’s $2 Million Fundraising Tour–Posted on Judicial Watch-On August 20, 2010:
100 Ways Obama is Wasting Your Money–Posted on ImpeachObamaCampaign.com-By Ben-On August 19, 2010:
Morning Bell: We Can’t Spend Our Way to Recovery–Posted on The Heritage Foundation-On August 20, 2010:
Congressional Budget Office Predicts 2010 Deficit Second Largest Since WWII–Posted on CNSNews.com-By Matt Cover, Staff Writer-On August 20, 2010:
DOT Asked Contractors to Post Signs ‘Solely Used to Publicize’ Obama’s Stimulus Law–Posted on CNSNews.com-By Fred Lucas, Staff Writer-On August 20, 2010:
The Ecstasy of Empire–Posted on InfoWars.com-By Paul Craig Roberts, Infowars.com-On August 16, 2010:
Morning Bell: The Age of Entitlements Must End–Posted on The Heritage Foundation-On August 19, 2010:
Morning Bell: End Crony Capitalism-Posted on The Heritage Foundation-On August 18, 2010:
Morning Bell: Solutions for America–Posted on The Heritage Foundation-On August 17, 2010:
Morning Bell: Death, Taxes and the Failure of Obamanomics–Posted on The Heritage Foundation-On August 16, 2010:
TARP Billions Shipped Overseas Can’t Halt Global Slowdown–Posted on NewsMax.com-By David A. Patten-On August 12, 2010:
U.S. Is Bankrupt and We Don’t Even Know It: Laurence Kotlikoff-Posted on Bloomberg-By Laurence Kotlikoff-On August 10, 2010:
Ballet Companies Received $1.7 Million in Federal Grants in 2010-Posted on CNSNews.com-By Matt Cover, Staff Writer-On August 12, 2010:
Even in Recess, Congress Can’t Help Spending Billions for Bailouts–Posted on The Heritage Foundation-On August 9, 2010:
Summer of Corruption: Obama’s billion-dollar earmark for shady Illinois energy boondoggle–Posted on Michelle Malkin-By Michelle Malkin-On August 10, 2010:
Fed to Buy U.S. Debt, Saying Recovery Has Slowed–Posted on The New York Times-By SEWELL CHAN-On August 10, 2010:
Morning Bell: Under Obamanomics, Government Workers Win, You Lose-Posted on The Heritage Foundation-On August 10, 2010:
Morning Bell: Blaming Bush Doesn’t Create Jobs–Posted on The Heritage Foundation-On August 9, 2010:
Economy Stalls as Obama’s Economic ‘Dream Team’ Hits the Skids–Posted on NewsMax.com-By David A. Patten-On August 6, 2010:
Tunnel to Nowhere Among Millions Wasted in Stimulus Spending, Senate GOP Report Says–Posted on CNSNews.com-By Fred Lucas, Staff Writer-On August 04, 2010:
Biden Claims $600 Billion In Stimulus Funds Spent — ‘We’re Building a Government That Delivers More Bang for the Buck Than Ever Before’–Posted on CNSNews.com-By Penny Starr, Senior Staff Writer-On July 28, 2010:
Anger mounts over Michelle Obama’s £150k Spanish holiday bill… footed by U.S. taxpayer–Posted on Mail Online-By MAIL FOREIGN SERVICE-August 6, 2010:
Morning Bell: An Admission of Failure–Posted on The Heritage Foundation-On July 26, 2010:
Goldman reveals where bailout cash went-Posted on USA Today-By Karen Mracek and Thomas Beaumont, Des Moines Register-On July 26, 2010:
Obamanomics Costing US Jobs–Posted on MoneyNews.com-By Julie Crawshaw-On July 23, 2010:
Exposing the Fed Scam–Posted on American Vision-By JOEL MCDURMON-On July 23, 2010:
Bernanke Urges Congress to Renew Bush Tax Cuts–Posted on NewsMax.com-By David A. Patten-On July 22, 2010:
Bernanke Slams Market With ‘Uncertain’ Economic View–Posted on Yahoo Finance-On July 21, 2010:
Morning Bell: The Obama Tax Tsunami is Here–Posted on The Heritage Foundation-On July 22, 2010:
Obama Administration’s Actions in Auto Bailout Added to Unemployment, Audit Says–Posted on CNSNews.com-By Fred Lucas, Staff Writer-On July 21, 2010:
Ferguson: Obama, Fed Pushing Economy into Disaster–Posted on MoneyNews.com-By Dan Weil-On July 19, 2010:
Buffett Warns Obama: Economic Recovery Still Has a Long Way to Go-Posted on MoneyNews.com-On July 16, 2010:
Greenspan: Congress Should Let Bush’s Tax Cuts Lapse–Posted on MoneyNew.com-By Dan Weil-On July 16, 2010:
Morning Bell: Why the Obama Stimulus Failed–Posted on The Heritage Foundation-On July 15, 2010:
Fed Warns Economy May Take Five or Six Years to Recover–Posted on MoneyNews.com-By Frank McGuire-On July 14, 2010:
Debt Commission Leaders Paint Gloomy Picture–Posted on NewsMax.com-On July 11, 2010:
The Unionized States of America-Posted on American Thinker-By Ed Lasky-On July 8, 2010:
Barackracy, Part 1 Breaking the Back of Free Enterprise–Posted ResistNet.com-By Darla, ADMIN / National Director-On July 8, 2010:
Federal Government Helped Pay Home Air-Conditioning Bills for Federal Employees, Prisoners and More Than 11,000 Dead People–Posted on CNSNews.com-By Matt Cover, Staff Writer-On July 06, 2010:
Morning Bell: Recovery Summer Vacation–Posted on The Heritage Foundation-On July 2, 2010:
Federal Debt Could Reach 100% of America’s GDP by 2025, Says Congressional Budget Office–Posted on CNSNews.com-By Fred Lucas, Staff Writer-On July 01, 2010:
GOP Fires Back at Obama Distortions on Economy–Posted on NewsMax.com-By David A. Patten-On June 30, 2010:
CBO: National Debt at Highest Level Since World War II–Posted on NewsMax.com-On June 30, 2010:
Why Obamanomics Has Failed: “Uncertainty about future taxes and regulations is enemy No. 1 of economic growth”–Posted on The Wall Street Journal-By ALLAN H. MELTZER-On June 30, 2010:
Obama’s Chief Economist Admits Jobs Claim Pulled Out of Thin Air-Posted on Center for Fiscal Responsibility-On July 14, 2009:
Bailing Out Politicians Now?–Posted on CNSNews.com-By Patrick J. Buchanan-On June 15, 2010:
Was Obamacare designed for ‘distribution of wealth’? “Blueprint urged ‘creation’ of crisis to push radical plan”–Posted on WND.com-On June 14, 2010:
The Obama Energy Tax Game Plan–Posted on The Heritage Foundation-On June 15, 2010:
Tax, Baby, Tax: ‘So I Know Whose A** to Kick’–Posted on Human Events-By Brian Darling–On June 14, 2010:
Morning Bell: The Government Bailouts Must End-Posted on The Heritage Foundation-On June 14, 2010:
Schultz: Deflation Now, Hyperinflation Soon–Posted on MoneyNews.com-By Dan Well-On June 11, 2010:
You Cut! Change Washington’s culture of spending into a culture of savings–Posted on ResistNet.com-By Darla, ADMIN / National Director on June 11, 2010:
Public Says Federal Debt Equal to Threat from Terrorism–Posted on CNSNews.com-By Matt Cover-On June 11, 2010:
Retail sales drop in May, raising worries about recovery: “Spending fell 1.2%, the biggest dip in eight months. Auto sales were down 1.7%”–Posted on LATimes.com-By Associated Press-On June 11, 2010:
IMF: Risks to Global Economy Have ‘Risen Significantly’–Posted on MoneyNews.com-By Frank McGuire-On June 10, 2010:
Morning Bell: The Obama Spending Nightmare Continues–Posted on The Heritage Foundation-On June 8, 2010:
Morning Bell: Why Obama’s Stimulus Failed–Posted on The Heritage Foundation-On June 7, 2010:
Obama’s agenda: Overwhelm the system–Posted on ReviewJournal.com-By Wayne Allyn Root-On June 6, 2010:
Buffett: Municipal Debt Meltdown Will Hit US–Posted on MoneyNews,com-By Dan Wells-On June 3, 2010:
Morning Bell: This Congress Has No Shame–Posted on The Heritage Foundation-On May 27, 2010:
IRS Launches First Wave Of Small Business Attacks–Posted on Personal Liberty Digest-By Dan Pilla-On May 27, 2010:
Moody’s: US AAA Rating at Risk-Posted on MoneyNews.com-On May 26, 2010:
Private pay shrinks to historic lows as gov’t payouts rise-Posted on USAToday.com-By Dennis Cauchon, USA TODAY-On May 25, 2010:
How We’re Doing as Debt Fears Rise–Posted on Brookings-By Karen Dynan, Vice President and Co-Director, Economic Studies and Ted Gayer, Co-Director, Economic Studies, The Brookings Institution and The Washington Post-On May 23, 2010:
The Buck Stops Nowhere–Posted on The Heritage Foundation-On May 24, 2010:
Investment Guru Russell: Stocks Risk Meltdown–Posted on MoneyNews.com-By Dan Well-On May 19, 2010:
One major reason the U.S. is broke: Ilegal immigration–Posted on Examiner.com-By Dwight L. Schwab Jr., Bay Area Moderate Conservative Examiner-On May 18, 2010:
US faces one of biggest budget crunches in world – IMF–Posted on Telegraph.co.uk-By Edmund Conway-On May 14, 2010:
Bank of England Governor: US Faces Same Danger as Greece–Posted on MoneyNews.com-By Gene Koprowski-On May 14, 2010:
Morning Bell: Congress’ Historic Decision to Ignore Its Basic Duty–Posted on The Heritage Foundation-On May 14, 2010:
Morning Bell: Can We Avoid Becoming Europe?–Posted on The Heritage Foundation-On May 13, 2010:
Who Will Bail Out America?–Posted on The American Spectator-By Peter Ferrara-On May 12, 2010:
U.S. posts 19th straight monthly budget deficit–Posted on Reuters.com-On May 12, 2010:
CBO Says Obamacare May Exceed $1 Trillion–Posted on NewsMax.com-On May 12, 2010:
AMERICANS IN THE CROSSHAIRS–Posted on NewsWithViews.com-By Greg Evensen, Former Kansas State Trooper-On May 12, 2010:
THE FATE OF A PAGAN NATION–Posted on NewsWithViews-By Sheriff Jim R. Schwiesow, Ret.-On May 10 , 2010:
US is the Next Greece–Posted on NewsMax.com-By Dick Morris-On May 6, 2010:
Morning Bell: A Recovery Only Washington Could Love–Posted on The Heritage Foundation-On May 7, 2010:
Dow Falls Nearly 1,000 Points Before Rebounding–Posted on MoneyNews.com-On May 6, 2010:
Buffett Worries About High Risks of ‘Significant Inflation’ Around Globe–Posted on MoneyNews.com-On May 3, 2010:
The real reason liberals accuse Tea Partiers of racism–Posted on PajamasMedia.com-By Roger L. Simon-On April 29, 2010:
Bowing To China: What It Means To Our Future–Posted on Personal Liberty Digest-By John Myers-On April 28, 2010:
Obama Administration Sends Mixed Message on VAT as Fiscal Commission Prepares First Meeting–Posted on CNSNews.com-By Fred Lucas, Staff Writer-On April 26, 2010:
Silent Commerce Killer: Obama’s VAT Proposal–Posted on NewsMax.com-On April 25, 2010:
Debt Ratings Are Lowered for Portugal and Greece–Posted on The New York Times-By JACK EWING-On April 27, 2010:
Report: Health Care Reform Will Increase Costs; “Government Economists’ Analysis Suggests Possible Rise in Public’s Tab of 1 Percent or More Over Next Decade”–Posted on CBSNews.com-On April 23, 2010:
Report: Health overhaul will increase USA’s tab–Posted on USAToday.com-On April 22, 2010:
Paul Ryan: Obama Leading America on ‘Dangerous Path’ to Welfare State–Posted on NewsMax.com-By Jim Meyers-On April 22, 2010:
Morning Bell: The Fatal Flaws of the Wall Street Bailout Bill–Posted on The Heritage Foundation-On April 23, 2010:
Jon Voight calls out Barack Obama–Posted on Personal Liberty Digest-By Bob Livingston-On April 18, 2010:
Obama suggests value-added tax may be an option–Posted on Yahoo News-By CHARLES BABINGTON, Associated Press Writer-On April 21, 2010:
Dick Armey: Democrats Will Impose Value Added Tax On Top of All Other Taxes–Posted on CNSNews.com-By Nicholas Ballasy, Video Reporter-On April 22, 2010:
A letter to the young American-Posted on Weshartlione.wordpress.com-By weshartline-On March 25, 2010:
Full-scale rebellion ahead-Posted on WND.com-By Henry Lamb-On January 9, 2010:
Note: The above articles and/or blog posts relate to and/or support my following blog posts-You Decide:
Is the Fed’s concept of buying $600 billion of Treasuries just a smokescreen?
Was the Economic Crisis Manufactured?
Who or What Was Behind the Financial Crisis?
Who or what caused the economic crisis that propelled President Obama into office?
ACORN-The Community Reinvestment Act (CRA)-Automaker Labor Unions!
Can America Survive Obamanomics and Remain a Capitalist Society?
Obama Bank Crackdown Hits Risk Appetite!
Manipulation Behind Market Plunge!
The Audacity of Socialism!
The Wall Street Bailout Bill Threatens Our Bottom Line!
Tyrannical Takeover of Our Financial Services Sector By the Federal Government!
U.S. Racing Toward Debt ‘Shock’!
Supreme Court to Strike Down Obamacare!
Is Obama Employing the Cloward-Piven Strategy?
Is it important to understand the Marxist assault on the foundations of our system?
Nearly 80 percent don’t trust the government!
What Is The Mount Vernon Statement?
Obamanites Get Violent in Support of the Agenda!
How ABC, CBS and NBC Have Dismissed and Disparaged the Tea Party Movement!
Were We Forewarned About What to Expect If President Obama Got Elected?
The Russian View of What Has Been Happening In America!
Where Is America Today?
Washington Times Calls for Obama’s Impeachment!
A Nation Adrift Theme and Disclaimer:
“Food For Thought”
“God Bless & Keep Our USA Safe”