How Much is Enough?

You have worked for an entire year, and now the government bill is due. You will probably pay a quarter of your income to the Federal government – maybe even a third of it or more. The question is what do the Democrats have to show for it? From spending not only your money and my money, but for borrowing tons of money and placing this great Country in jeopardy?

They’ve already wasted $787 billion on failed “stimulus” spending – and a recent government report reveals that, despite their claims, ObamaCare will increase our federal deficits by a whopping $260 billion through 2019.

Unbelievably, the Democrats’ new plan makes things go from bad to worse: it will push us over $20 trillion dollars in debt. Their plan includes wasting over $5.5 trillion dollars this next decade on debt interest payments alone, much of that money going to foreign governments.

The worst part is that they want to hike your taxes to feed their reckless spending spree. Make no mistake – they’re not interested in cutting spending; they’re going to raise your taxes. Democrats will raise taxes on you, and on hundreds of thousands of small businesses, the lifeblood of job creation in this country.

What kills me is that the Democrats and Socialists (am I being redundant here?) want the richest among us to pay for everyone else. Union and student protests around the country are spewing the Democrat talking pints,...."Make the Rich Pay Their Fair Share" say's their banners. SO what is their fair share? 39%? 50% 78% just what is it if there is such a thing? Even if the U.S. Government confiscated 100% of the income of the top 5% of earners, that total would not make a dent in the Federal deficit and then only be used to find programs to reward the Democrat voters.

Oh, by the way,...study the word "earner",....they earned that money and you liberals with your hands out are not entitled to it.

Tax Payer Money to Hamas and the Palestinians

I’m not one to call President Obama a closet Muslim. Many people believe he is actually a Muslim, since there are “waivers” under the Islamic faith where you can “hide” your religion for the greater good of Islam. However, there is no denying his lack of support to Israel and his incredible support to terrorist groups, most notably Hamas.

Very few people either on Capitol Hill or in the media, took note of an Presidential Determination (No. 2009-15 to be exact) that provides over 20 million in "migration assistance" to Palestinians (read Hamas). These are the exact same mutts who stood up and cheered during the 9-11 and Pentagon attacks. These are the same scum bags who target Israeli schools and buses. And we’re giving them money! I like Donald Trump’s proposal that we eliminate aid to all countries that do not support us 100%. If you vote against us in the U.N., then no more handouts for you.

Make no mistake about it, this money is intended to support to the Islamic Resistance Movement (Hamas) and would allow thousands of Palestinian refuges to move to, and live in, the US at American taxpayer expense.

Presidential Determination No. 2009-15 of January 27, 2009

Unexpected Urgent Refugee and Migration Needs Related To Gaza
Memorandum for the Secretary of State
By the authority vested in me by the Constitution and the laws of the United States, including section 2(c)(1) of the Migration and Refugee Assistance Act of 1962 (the “Act''), as amended (22 U.S.C. 2601), I hereby determine, pursuant to section 2(c)(1) of the Act, that it is important to the national interest to furnish assistance under the Act in an amount not to exceed $20.3 million from the United States Emergency Refugee and Migration Assistance Fund for the purpose of meeting unexpected and urgent refugee and migration needs, including by contributions to international, governmental, and nongovernmental organizations and payment of administrative expenses of Bureau of Population, Refugees, and Migration of the Department of State, related to humanitarian needs of Palestinian refugees and conflict victims in Gaza.
You are authorized and directed to publish this memorandum in the Federal Register.

(Presidential Sig.)
THE WHITE HOUSE,
Washington , January 27, 2009
[FR Doc. E9-2488
Filed 2-3-09; 8:45 am]
Billing code 4710-10-P


See for yourself. If you search using the following key words: “Hamas, Terrorism, Obama, and, Presidential Documents” you can find this Presidential Determination or you can cut to the chase and go directly to the Federal Register: http://www.thefederalregister.com/d.p/2009-02-04-E9-2488

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.