Tuesday, March 19, 2013

Fiscally we're the healthiest-looking horse in the glue factory


I wonder. Are we capable anymore of being fiscally RESPONSIBLE as a nation? We hear that "creating jobs" is the real problem. But what can government do about creating jobs if it's bankrupt?

We hear that the Cypriot government is preparing to expropriate their citizens bank accounts in order to bailout their debts. As the dominoes tumble, Greece, Portugal, Spain, and Ireland could be next?

Our administration is running up the national credit card by the TRILLIONS, like it's hooked on crack cocaine, with no expressed intention of doing anything to pay it back (but leave it to the next generation to pay off).

And a majority of American's still think that a revenue neutral budget passed by the House entails unconscionable injustice and hardship, because it doesn't add over another trillion-dollar spending increase like the new Senate budget?!!

Lord, help us.

In the meantime, the Fed continues pumping funny money money into the market (currency backed by precisely ... nothing), deflating the value of the dollars in everyone's paychecks, bank accounts, and retirement portfolios. Will we ever learn? Yes, of course. But most likely only when it's too late.


And then there's THIS from Mr. Obama's first term in office:


1 comments:








JM

said...

"And a majority of American's still think that a revenue neutral budget passed by the House entails unconscionable injustice and hardship..." Exactly. Talking about reality seems futile. And it does seem hard to believe that the shortage on paper means anything at all when Washington is still spending money like it is going out of style in so many quarters. A congressional delegation just shot over for the Papal Installation Mass... I can't comlain too much about that, but wow, did the government pay for that? So much for pinching pennies.