Pelosi: Oh No! The Government May Start to Disappear If We Make Any Cuts

Independent Journal Review.com published this article and video on Nancy Pelosi that pillar of the American political scene and apparently a genius when it comes to the government, the economy and the national debt.

When I hear that there will be “very little” of the “public space” of the government left, my first reaction is to smile and fist bump the closest person to me. After all, the private sector is the productive sector.

In the video above, click on the link, and you can see Pelosi, when asked about Boehner’s stance that any increase in the debt ceiling should be matched dollar for dollar with spending cuts, she said (via CNSNews.com):

“Yes, that’s what the Speaker says, and that is certainly in keeping with the anti-government ideologues that are in his caucus,” Pelosi said. “If you keep cutting investments in the future that way in order to do something that should be pro forma here to pass the debt limit, this shouldn’t even be this kind of a debate.”

“I mean, you can have the debate, but there shouldn’t be any doubt in anybody’s mind as to what the outcome is about the full faith and credit of the United States of America,” she said.

“If you keep saying ‘dollar for dollar,’ you will have very little in terms of the public space,” Pelosi said.

Believe it or not, it is [somehow] understandable from where the Democrats are coming, but there just must be a better solution than what they are offering. There is soooooo much waste in government spending it is unbelievable; Kyle Becker has reported on the DHS buying 1.6 billion bullets just because it was a good deal and also on a federal grant to study duck penises, and I have written about the Senate barbershop costing taxpayers hundreds of thousands of dollars each year while the National Science Foundation is spending over $1 million studying the impact of playing video games on seniors’ brains.

So Mrs. Pelosi, it’s fairly hard to believe that there aren’t cuts to be made in our government, and if we have to get rid of a few pointless government expenditures, I think we will be okay. If they do it smartly, they can even do it without just slinging pink slips to government employees. However, it will take both sides sitting down to look through all of the government spending to find the waste – it’s not any different than what an efficient business would have to do to save money.

Debt Limit Crisis

Currently the U.S. Debt is at $16,400,000,000,000.00 +

That's 16.4 Trillion dollars. This is the money we have borrowed and mostly owe to foreign countries to pay for our government programs, be it defense, energy, welfare, other entitlements,......entitlements being most of the government expenditures.

The U.S. Government is scheduled to spend an estimated $ 1.5 trillion this year over what is expected to be raised by revenues, therefore increasing the national debt to almost $18 Trillion.

This national debt does not, repeat, does not count for the unfunded program of Medicare and Social Security which will soon be bankrupt. How soon? Certainly before any 40 year old are eligible to receive it.

The House is set to vote (this coming week) on allowing the debt ceiling to be raised, allowing the U.S. Government to borrow more money to run the government. Obama refuses to discuss spending cuts to make the necessary borrowing less. What a shame,....what a dirt bag.

The American people, by and large, do not want to incur anymore debt as highlighted by a recent Yahoo! poll.

Yahoo! POLL with 235,591 people voting:

Should the debt limit be raised?

70% voted that "No, we can't afford it." 30% voted that "Yes, we can't afford not to."......meaning I want my welfare check!

Government Gone Wild - Brother Can You Spare a Dime?

This video from Government Gone Wild really puts the National Debt in perspective. This is a must watch video. Please send your friends to this video or send the video to your friends.

Also suggest you go to Government Gone Wild and sign up for their e-mail updates.

U.S. is a Bad Debt Risk

From the Daily Ticker on finance.yahoo.com this articles shows thew consequences of the an out of control National Debt. Although both parties at least are saying they recognize the problem the debt is causing and can cause, there are two different trains of thought on how to come out of the debt. The Liberals want to tax the wealthy and the conservatives want to cut spending and build the economy.

Already frightened by fears about Europe's debt crisis and China's latest tightening, financial markets got really spooked Monday morning when Standard & Poor's cut its outlook on America's AAA debt rating to negative from stable.

The idea America could lose its AAA rating is not new but S&P's action makes it more likely as a real-world event; specifically, the outlook revision means a 33% chance of a rating change within 2 years, according to S&P.

An actual debt downgrade would raise the cost of interest payments for the U.S. government, as well as raise borrowing costs for U.S. consumers and corporations. Higher rates would have a crushing effect on the debt-laden U.S. economy, which helps explain the market's reaction: Treasury prices fell, sending yields higher, while money flowed out of stocks and other "risk" assets.

In recent trading, the Dow was down more than 200 points to 12,134 while the S&P was trading below the key 1300 level. With the notable exception of precious metals, commodity prices were also tumbling, with notable decline in oil and copper. In addition to silver and gold, the volatility was the big winner with the S&P Volatility Index (VIX) up 18%.

"We believe there is a material risk that U.S. policymakers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013; if an agreement is not reached and meaningful implementation is not begun by then, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer 'AAA' sovereigns," S&P said in a statement announcing the change.

"They have to be careful: you can't yell fire in a crowded theater," Dow says of S&P. "But it's a good time to do it with the debt ceiling coming up. There's reason for concern — if people don't get on the ball quickly we're going to have problems not too far out."

And if this kind of market action persists, the problems will be here sooner vs. later.

Obama - Failed Leadership

Even the most strident, blind and hearing impaired Liberal cannot refute the fact that President Obama is mising in action,......where the hell is the President?

More than half way through the Fiscal Year without a Budget;...the national debt climbing at a rate of $4.8 billion doolars day,...sky rocketing fuel prices furthering ruining a ruined economy,......a mad hatter in Libya massacring his own people,.....a bunch of Ayatollah loving madmen in Iran developing Nuclear weapons,.......one of our closet allies (Japan) requesting help,.....and our President is missing.

Well not quite missing, he was afterall photgraphed choosing on the golf course and picking his winners in the NCAA Basketball tournament and side with the budget killing unions in Wisconsin.

Okay, to be fair, around noon three days ago Obama comes out and briefs the U.N. no-fly plan for Libya,…..he had more questions than he could answer…..besides it is not the U.S. leading this effort,....it is the U.N., primarily Britain, France and Italy in the forefront. Everyone is noticing,....the usually reserved British Prime Minister, David Cameron, even could not refrain from voicing his frustrations, criticizing President Obama for his lack of leadership on Libya.

And where is Obama right now? In Brazil loaning money to an oil drilling enterprise that George Soros has interests in. Unbelievable! Obama remains in contept of Federal court for unconstitutional restrictions on Gulf of Mexico oil drilling, while this country wallows in high fuel prices, but has the time (and our money) to fund investments for his leading political campaign funder.

Obama is so in over his head trying to lead not only this country but the free world. What more could go wrong? He is presiding over, and mostly responsible for a terrible economy, 9% unemployment, a reliance on foreign oil, and, a degraded respect for America through the world.

There is a saying,..”Follow, Lead or Get The Hell Out Of The Way!”,...well, we'll just have to take the get the hell our of the way option in 2012.

Latest Idiot in Congress Surfaces

Just finished watching a televised interview with Senator Tom Carper, D-DE.

The topic was the Republican's disapproval of the additional spending to extend unemployment benefits, and if unemployment benefits were extended by the Democrats then the Republicans wanted it paid for upfront from the left over Stimulus money, as opposed to creating yet additional debt for this debt burdened Country.

Senator Carper position clearly showed that reasoning is not one of his strong points. Carper, a Democrat from Deleware (shame on you Deleware for voting this butt clown into office), reasoned that if we didn't pay ahead of time for the Bush Tax Cuts, then we should not have to pay ahead of time for extended unemployment benefits. WHAT?!?! Here's an idea Mr. Potatohead, let's not compare Bowling Balls and Watermelons.

Carper further stated that is was totally unfair to deny additional unemployment benefits. Unfair? I'll tell you what is unfair. Unfair is burdening Americans with additional taxes from the Health Care Bill. Unfair is morgaging our children and grandchildren's future with unending National Debt. Unfair is growing Federal Governmental powers outside the scope and intent of the Constitution.

Rather than treat the symptoms of unemployment by throwing benefits at the job less why don't you implement the tried and true method of reducing taxes and unfair regulations on small business which would stimulate job growth? How about reducing the captial gains tax rate to stimulate investments in businesses? Let's start with making permament the Bush Tax cuts which will certainly expire soon in the Democrat controlled Congress and Obama Adminstration.