The Dumpster’s PM Dump – little tboca

7/12/11
Around the Nation in a Flash:

MSNBC & NBC’s Scott Pelley actually tightened the noose around Obama’s neck during his interview about the debt ceiling. Obama got suckered again when Scott asked him point blank if he can guarantee that the entitlement checks will go out August 3rd if the debt ceiling isn’t raised.

Obama’s answer was of course a scare tactic saying he couldn’t make that promise, saying there simply may not be enough money in the coffers to meet USA’s obligations.

This shows the ignorance of our President, his inability to do Math (just simple arithmetic), and his obvious delight in trying to scare Americans. Pretty much the same tactics he used on us when he wanted Obamacare passed.

CNN – David Gergen is all gushy even to the point of being sympathetic with Obama’s dilemma over the debt ceiling and budget.

David thinks Obama is working his britches off trying to get a compromise between Republicans and Democrats. In fact, David feels, poor old Obama is plumb smack in the middle of this political fiasco.

Yes, David Obama is in the middle, he is the reason we’re even discussing raising the debt ceiling. You see David, Obama is the problem!

David, did you notice recently that unemployment is 9.2, millions of people are losing their homes and Sisco, along with some other big companies are talking about gigantic layoffs in the near future.

Media Matters – is in a huff, running on Lou Dobbs and of course Republicans again. Once again they refuse to tell both sides of the story when they’re talking about Jeffrey Frankel (.Harvard Economist.) It’s just more garbage in and garbage out from the “Dumpsters.”

Here’s what Jeffrey Frankel said about the date of August 2 being such a critical time for raising the debt ceiling.

Frankel — Although the fiscal situation is a big long-term problem, this has been true for a long time. The reason that the next month is crucial is that one of the two parties has chosen this particular raising of the debt ceiling (which is normally a frequent and routine formality) for a political showdown. For better or worse, they have deliberately created a game of “chicken.” July 12, 2011 by Doug Gavel, Harvard Kennedy School

NYT – continues with their obvious dislike of the Republicans and are trying their best to put the debt ceiling and National Deficit on the back of the Republicans.

Won’t work NYT; we all know who stole our stimulus money, started the war in Libya, gave Soros our money for Petrabras, backed the Unions and Lobbyists and last but not least lied so many times to Americans that we’ve lost count.

CBS – continues the rhetoric about Obama’s great ideas for reducing the National Deficit and raising the debt ceiling, but if they reread their commentary they will see that Obama once again doesn’t have a plan. It’s called cheap talk!

Americans are tired having their President insult them and pretty much call us stupid; we haven’t asked for much. We don’t want any tax increases, we want Obamacare repealed, and we want our National Deficit reduced today, not in 15 years. We really want someone who is a leader not a glorified orator.

May God Bless America
As Always,
Little Tboca

There is a quote out there that sometimes get attributed to Republican Senate Leader Everett Dirksen and sometimes not. The quote is that there two parties in Washington — the stupid party and the evil party. Every once in a while the stupid party and the evil party get together and do something that is both stupid and evil. In Washington, that is called bipartisanship.

Our United States Senate, led by Republican Senator Saxby Chambliss of Georgia and Democratic Senator Mark Warner of Virginia are on the verge of leading the Congress into doing something both stupid and evil.

It will be heralded by the Washington Press Corp as a grownup act of bipartisan.

To give you a sense of just how bad it is, even Barack Obama is getting in on the act and signaling he will support what Chambliss and Warner come up with if only as a way to shut down serious conversation about Paul Ryan‘s “Path to Prosperity.”

Read More →

There is a quote out there that sometimes get attributed to Republican Senate Leader Everett Dirksen and sometimes not. The quote is that there two parties in Washington — the stupid party and the evil party. Every once in a while the stupid party and the evil party get together and do something that is both stupid and evil. In Washington, that is called bipartisanship.

Our United States Senate, led by Republican Senator Saxby Chambliss of Georgia and Democratic Senator Mark Warner of Virginia are on the verge of leading the Congress into doing something both stupid and evil.

It will be heralded by the Washington Press Corp as a grownup act of bipartisan.

To give you a sense of just how bad it is, even Barack Obama is getting in on the act and signaling he will support what Chambliss and Warner come up with if only as a way to shut down serious conversation about Paul Ryan‘s “Path to Prosperity.”

Read More →

By Jamie Radtke, Candidate for U.S. Senate in Virginia

I was honored to meet with the House Tea Party Caucus yesterday to discuss the daunting challenges we face as a nation, in particular our spending and our mounting national debt.

I told the members that watching the budget debate in Washington lately has made me feel like Alice in “Alice in Wonderland.” Are our leaders in touch with reality? Is this really happening? One can only conclude that most in Congress subscribe to “Wonderland Economics.”

Our national debt is already more than 95% of our GDP. Our unfunded liabilities are at least $112 trillion. Standard & Poors and Moodys have warned that they will yank our triple-A credit rating if we continue on our current trajectory. Interest payments on our national debt are the fastest growing component in the federal budget.

Economists Carmen Reinhart and Kenneth Rogoff of the University of Maryland and Harvard University, respectively, studied the effect of national debt on economic growth in 44 countries spanning 200 years of history.

What they found is chilling: Countries that allow their debt-to-GDP ratio to reach 90% usually go into significant economic decline. As the nations hit this debt intolerance ceiling, market interest rates rise suddenly and quickly, and they can no longer grow their way out of their problems.

The United States is at that point today. Are our leaders listening? Are they awake? Unless we reverse course immediately, we face a collapse similar to that of Greece.

President Obama and his economic team have failed this leadership challenge to significantly cut our spending. The U.S. Senate has failed the test. Sadly, so have the Republican leaders in the House, despite many opportunities to lead America to lower spending.

Criticizing the most powerful leaders in my own party, including the Majority Leader who also happens to be my own Congressman, probably strikes many in the Republican Establishment and pundit-sphere as politically unwise or imprudent. And they may be right. But the facts are the facts and the real insanity is punting to the next vote.

This brings me to the subject of the debt ceiling.

I challenge the Republican leadership to show the way. Honor the current debt ceiling. Cut current fiscal year spending to 2008 levels. Eliminate corporate welfare. Go hard after domestic spending that is not absolutely necessary. Reduce defense spending unrelated to protecting us from terrorism or to concluding the Iraq and Afghanistan missions. And reform entitlements, restoring their solvency and the solvency of our country.

The time to act is now, not next year or the year after the elections.

We MUST take immediate action to avert the kind of austerity programs that were imposed on Greece by its creditors. I would rather that we decide how and when to reduce our federal spending as opposed to having China and our other creditors dictate to us what must be cut. That would be the ultimate failure for us.

This nation may never have faced a threat more ominous than the threat it faces today.

But I believe, and recent polls confirm, that the American people arent afraid to face this crisis head-on, and we have the character and courage to do what we know in our bones is right. Its time for our leaders to reflect and represent the courage of those they lead.

Originally posted at BearingDrift.com: “Virginia’s Conservative Voice”