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Post by Sir John on Dec 30, 2012 14:19:50 GMT -5
......in 2 easy lessons. Enjoy! (personally, I just love the $38.50 savings.) SJ Attachments:
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Post by Sir John on Dec 30, 2012 14:23:09 GMT -5
....and for Americans that feel bad about this, be consoled by the FACT that most of the top 20 nations on this planet are on the same slippery slope.
SJ
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Post by Swampy on Dec 30, 2012 16:56:10 GMT -5
....and for Americans that feel bad about this, be consoled by the FACT that most of the top 20 nations on this planet are on the same slippery slope. I wouldn't stop at 20. But I concede you have a point. Thing is, without that ongoing stimulus of the past few years, the banking system would have collapsed - non-Keynesians don't appreciate that. |
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Post by boxcar on Dec 31, 2012 17:00:28 GMT -5
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Post by Sir John on Jan 10, 2013 9:52:23 GMT -5
As we say over here, "She'll be right mate". When an (Keynesian) 'expert' tells me all is AOK, I will send them a copy of this cartoon. An uptick in some data will not stop that avalanche in almost all of the G20, most of whom have their own version of 'Obamacare'. SJ Attachments:
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Post by boxcar on Jan 11, 2013 14:40:11 GMT -5
The following was lifted from Newsmax.com The debt ceiling debate has brought out three specious arguments from Democrats, say David Rivkin and Lee Casey, partners at law firm Baker Hostetler and officials in the Ronald Reagan and George H.W. Bush administrations, respectively. “The first is that Congress' failure to raise the debt ceiling will cause a default on the national debt,” they write in The Wall Street Journal. “The second is that federal entitlement programs are constitutionally protected from spending cuts. The third is that the president can raise the debt ceiling on his own authority.” As for the first argument, the federal government can pay its bills with the $200 billion of tax revenue it receives per month, the lawyers argue. “If the executive chose to act irresponsibly and unconstitutionally and failed to make any debt payments when they come due, debt-holders would be able to go to the Court of Federal Claims and promptly obtain a money judgment.” As for entitlements, “despite White House claims that Congress must raise the debt ceiling to pay the bills it has incurred, the obligations protected as ‘debts’ by the 14th Amendment do not include entitlement programs such as Medicare and Social Security,” Rivkin and Casey write. The "public debt" covered by the amendment consists of federal government borrowings through bonds and similar financial instruments. “Entitlement programs are instead political measures that are fully subject to the general rule that one Congress cannot, by simple legislation, prevent a future Congress from making cuts,” the duo says. Numerous Democrats claim that the president can use Section 4 of the 14th amendment as justification to lift the debt ceiling by himself. That’s “manifestly incorrect and constitutionally dangerous,” Rivkin and Casey write. “Section 4 grants no power whatsoever to the president. Instead, the 14th Amendment grants Congress the ‘power to enforce, by appropriate legislation, the provisions of this article.’" Read Latest Breaking News from Newsmax.com www.newsmax.com/Newsfront/rivkin-casey-debt-ceiling/2013/01/11/id/470998#ixzz2HhHTiQKp Urgent: Should Obamacare Be Repealed? Vote Here Now! |
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Post by boxcar on Jan 12, 2013 1:15:12 GMT -5
We can now see the Democratic thinking on debt control....
Reid Urges Obama to Bypass Congress on Debt Ceiling
Senate Majority Leader Harry Reid and other Democratic leaders told President Barack Obama on Friday to consider side-stepping Congress if no agreement could be reached next month on raising the nation’s $16.4 trillion debt ceiling
Absolutely no regard for the Constitution. The Senate has gone 1400 days without writing a budget and it looks like the still don't intend to do so.
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