Debt Ceiling Explained Well

Our Congress thinks we're simpletons......Keeping us in the dark and feeding us garbage all the time. Talking circles around the debt and deficit problems. And then you have Obama who will be shortly raising the debt ceiling, putting this country further at risk and will also probably decrease the U.S. bond rating once again.

They just don't get it. When the average American family has money problems, we must cut spending - this forces us to prioritize our actual needs. I think I'm going to send my Congressman and Senators this video which is a tongue in cheek skit on an average American trying to act as financially stupid as our Federal Government.

Jon Corzine MF - MF Global That Is

From an article titled "2011′s Executive Compensation Highlights (and Lowlights)" by Daniel Gross on Yahoo! Finance

What the MF? Jon Corzine, former Goldman Sachs top dog, former Senator, former New Jersey Governor, was already a very rich man before he joined financial services firm MF Global as CEO. But he aimed to increase his fortune further by having MF Global put on insanely leveraged trades on European sovereign debt. The trades, of course, blew up in his face, plunged MF Global into bankruptcy, and have launched a slew of investigations. As Leder point outs, it's possible that Corzine's attention in the spring of 2011 was somewhat diverted. As a filing detailed, Corzine was spending time. . . . renegotiating his compensation package.

Months before the company blew up, MF Global agreed to pay Corzine a $1.5 million retention bonus on March 31, 2014 (or whenever he left the job), provided he didn't quit without a good reason or get fired for cause. And, Footnoted.com noted, a
broadly written escape clause would have allowed him to receive at least partial payment if he quite without 'good reason.' If only Corzine had paid as much attention to the billions of dollars MF was handling as he was to the paltry million or so he was haggling over.

Watch this video:

Economic Marshall Law” Is Coming in 2012: Interview with Gerald Celente

More Lunancy

Green Energy. The bailout for GM (no, not General Motors, but Government Motors) WAS successful at a $250,000 per job saved to tax payers. Really?  Another report, or admission, is that the development of the Chevy Volt has cost us $2.5 billion.  Boy, we're heading in the right direction!  What the liberals pushing green energy don't understand is where the electricity comes from to plug these worthless four wheled contraptions into. Most all electricity comes from fossil fuel powered plants that create electricity. So here's the Administration's plan: lets over regulate the oil and coal industry so production is practically impossible,.... .....raising electric rates - remember when Obama said they will necessarily double?,........then create or mandate a bunch of electric cars that only go 80 miles before needing an 8 hour re-charge. Let's make the American people use green energy,...after all we know what's best for them,....whether it tanks the U.S. economy or not. 

Politicians Out of Touch with the American People. This was the claim against Mitt Romney when at a Republican Presidential debate, he bet Rick Perry $10,000 that he was wrong on facts relating to Romney's book. The mainstream (read liberal) media jumped all over Mitt claiming he was "way out of touch with common Americans who could never even dream about betting $10,000." Now we have Nancy Pelosi (D-CA) former shamed speaker of the House spending $10,000 a night for hotel accomodations in Hawaii and not one stinking peep from the media about how out of touch fanciful Nancy is with the People by spending $10,000 a night for a hotel room.


More Borrowing Power Requested. Obama just requested $1.2 Trillion in additional borrowing power. He wants to raise the debt ceiling again. This time before Congress reconvenes in session so they can't do anything about it. After running up a HUGE debt in his short three years, Obama has the gall to request even more borrowing. What? the Unions need more money to bring the votes in? Now it is even harder to debate the people who think that Obama is intentionally ruining this country as this new debt ceiling may be taking us over the edge.