When you add trillion dollar deficits to the conversation regarding fiscal discipline, what do you have?

Life has become a sitcom.

“The one big hope I have for Obama “….

Not to threadjack, but since you have two defeated teams playing for a nat’l championship tonight when you have an undefeated team lucky to get in the top 5 at the end, the biggest realistic hope I have for our President-elect is to promote getting rid of the BCS. Something I can agree on with him.

http://www.youtube.com/watch?v=3WDuQe89kJM

Democrats are notorious for changing the language so if he, the MSM, and liberals across the country call him a hawk at some point it must be true.

In other news, I heard Obama say yesterday that ONLY government can rescue the economy. My question to the economic illiterate is, “how do you know?” For Obama and the socialists this is an opportunity to transform us into a Euro style socialist state. Even if there were absolute proof that the free market would cause the economy to recover faster than government stimulus they wouldn’t care because that is not their game. How many layoffs could be avoided if the corporate and capital gains taxes were slashed or eliminated? We could lead the world out of this rather quickly of that were to happen. But, that is not their goal. Their goal is the indentured servitude of each and every tax paying American to their tax collecting neighbors. Their goal is to make us all equal, in poverty. Socialism and socialists are evil.

is this country’s ‘hail Mary pass’ (pun intended) when all we need is Reagan. The worst of this is that the wrong policies will be enacted at exactly the wrong time. I don’t think this administration is wise enough to broaden it’s thoughts past the apparent desperation that got it elected and won’t adapt enough to the failures to come.

There’s no 2012 for this elect, politics in this country is accelerating.

I am not about doom and gloom personally, but in the context of this thread, we may end pulling Duestchlander pre WWII enconomic policy, or more recently, Brazil.

Just fun food for thought.

The sky is falling and we have to spend money now, so you may as well get used to it.

This is being used as a cover tactic for all of the spending the Lib’s want to do over the next two years. By trying to “give the conservatives” a potential tax break, I suspect he wants to use this as an incentive to get the R’s on board with his spending plans. Then if something really bad occurs he and his buddies can say they were with us, so we are not totally to blame.

The lasting wounds to the markets from this approach are concerning…

or Medicaid status quo after the stimulus. At some point foreign investors will flee, and we won’t be able to lard up our national charge card any further. I don’t see this ending well.

Social Security is in trouble for many of the same reasons GM is. For both, there are too many retirees supported by too few current workers. GM management did not force changes when times were good (just keep paying those bonuses). And the Govt didn’t adjust SS to account for longer lifespans and fewer children.

Unfortunately, the elderly have limited choices. Many cannot go back to work now. Savings have been hurt during the recession, and since this looks like it will last at least through the end of 2010, there are few opportunities to make up for lost retirement funds. SS and Medicaid will have to be cut back too, probably within 3-4 years.

…that we are rapidly approaching a time when our national debt will actually exceed our national income. GDP last year was $14 trillion. Our debt is $10 trillion. Obama is claiming multiple years of trillion-dollar deficits. This year’s deficit just might be $2.5 trillion, which means we’ll be spending almost double what our current tax revenues are.

Even if our economy grows at the inflation-neutral rate of 3%, in two years our debt will exceed our income. If somehow the “stimulus package” (read: “poverty-class manufacturing, vote-buying scheme”) somehow manages to grow our economy at 10% per year (which far exceeds China’s burgeoning 7.8% growth rate) and the deficit falls to $1 trillion per year after 2009, by the end of Obama’s first term we’ll be worse off than we are today.

By the way, 10% growth for the next four years would mean a $20.5 trillion economy in 2012. Not bloody likely, no matter how much “stimulus” we have.

OK, so everything’s out of control and according to our next president, government is now spending tons of dollars on services not needed …. you know, like a national defense, border protection, energy exploration and other things like that.

So coming to the rescue, we have The One with a brand new department - The Office Of Performance and there’s a Chief Performance Officer at the helm. Her name is Nancy Killefer, a former Assistant Treasury Secretary in the Clinton Administration and current director at McKinsey & Company, a global management and consulting firm.

Meet Nancy Killefer, Chief Performance Officer

An efficiency expert being paid by unfunded tax dollars. Somehow, that’s thoroughly fitting under The One’s plans.

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Momma don’t let your babies grow up to be liberals.
Let ‘em be soldiers and sailors, their tough.
If you send ‘em to college, oh boy that’s just rough.

Momma don’t let your babies grow up to be liberals.
School ‘em yourself ’cause you know what’s the best.
They’ll build their own business and beat all the rest !

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Cheers !

is very effective at running his mouth, He fails to point out the Obamanation is extremely bankrupt on results.

After BO’s lying for months to get elected, he will have to forgive me if I have doubts about his sincerity of revising Medicare or Social Insecurity.

Believing anything he says requires “suspending belief” on my part. BO, I’m not that stupid, go talk to your disciples at the NYT, they will buy anything you say.

Regards