Hey Obama: What are you doing w 181 billion per month if not paying bills?

There is enough money coming in to the federal government each month to pay for debt service, social security, medicare and all military and TSA obligations. So exactly what is Obama planning to do with all that money. More trips abroad? More evenings out on the town? More Kobe beef and expensive champagne? What!

I think Obama is holding grandma hostage so that he can keep spending over our credit limit. We should cut up his credit card.
Video via ICaucus.

Our National Debt, make this video viral!

We must face our debt to save the republic. Please help by publicizing this video.
Hat Tip Mustang, Z.

National Debt and Jobs, which is the worse problem?

Which issue is more important? I think anyone who says we need to choose between the two of them is setting up a false choice. Both must be solved of they will destroy our way of life.

Debt:
14+ trillion and counting. Raising the debt ceiling without government cutbacks/austerity measures will be a crime against our children. It is financial abuse, plain and simple.

Jobs:
Dems need to wake up and realize that government jobs are not "real jobs" in terms of the economy. Real jobs take place in the private sector, they generally produce something, and the workers pay taxes that support the government. Many, many of these jobs are required to support just ONE government job. So if Obama hires government workers and claims he is "creating jobs" the only thing he is creating is a CON JOB. How is he paying those workers when a large percent of our national budget is not covered by taxes. Borrowed money? Borrowed from whom? Paid back by whom (our children). Printed money? Remember, printing more devalues everybody's money, so printing is actually STEALING from all of us. Especially those who have saved money. Again, Obama's policies are punishing the responsible people in society.

Solutions:
1. Severe cutbacks not only to the point of a balanced budget but further, to pay off the debt we have already accumulated. How about confiscating the $timulus money that has not already been spent, for starters.

2. Get off the backs of private industry and allow them to create jobs. Repeal Obamacare. This is the biggest albatross creating uncertainty in today's business climate. Make the Bush Tax Cuts permanent. Decrease taxes and regulations that drive American business overseas.

I don't know about you but I believe we are in a depression. McDonald's job riots? You've got to be kidding me. 51% California home sales are short sales or REOs (distressed properties)? When people have JOBS they can pay for a HOUSE!  The housing market collapse will not be fixed until the private job market recovers.  We are in a world of hurt and we need to get this fixed starting YESTERDAY!

Warning: graphic violence from McDonald's parking lot.

It's a fine day for a rant: Nigel Farage, Euroskeptic

Speaking of the end is near, Europeans had better watch themselves. How much debt are their (and our) children being born into? Any generation that births their children into debt-servitude should be prosecuted for financial abuse.

The blaze.

How Do We Get Deficit/Debt Under Control?

The Senate opened debate Wednesday on a plan to raise the nation's debt limit by $1.9 trillion, a move that Democrats hope will see the Treasury through this fall's congressional elections.The record increase would raise the Treasury's legal ceiling for borrowing to $14.3 trillion -- about the size of the nation's overall economy.

More here.
This is like a family who makes $100,000 per year agreeing to run up their credit cards to 100,000. This is a dangerous level of debt for our nation. So part of the talks center around creating a Budget Commission to look into ways to make spending cuts. Odds are they will also want to raise taxes, as the majority of the commission would be Democrats.

Republican commission advocates remain skeptical that a presidentially appointed panel would have the clout to tackle the nation's toughest fiscal problems. Sen. Judd Gregg (R-N.H.), a sponsor with Conrad of legislation to create a budget commission by law, called a presidentially appointed panel "a fraud" designed to do little more than give Democrats political cover.
"It's a fraud among anyone interested in fiscal responsibility to claim an executive order could structure something that would actually lead to action," Gregg said.
Some Democrats, particularly in the House, where leaders have long resisted relinquishing their authority over taxes and spending, are also less than optimistic. Under the agreement, the commission would have 18 members, including six lawmakers appointed by congressional Democrats and six lawmakers appointed by congressional Republicans. Obama would appoint six others, only four of whom could be Democrats.
Fourteen commission members would have to agree on any deficit-reduction plan, a prospect that skeptics called a recipe for gridlock because action would depend on the support of at least two Republicans for a plan that is sure to include tax increases.

More here.
A comment on my blog from Stephen M. Nielsen yesterday got me thinking. He points out that this would be the fifth such debt increase in 2 years. He blogs:

For the sake of argument, the failure to extend the debt will mean that the US Treasury will default on its debt for the first time in history, causing the absolute collapse of the US dollar as an international standard currency, and sparking an undoubted fire sale of US Dollars on the foreign market bankrupting the Nation overnight.
I argue that this is not such a bad thing.
The US has REAL WEALTH right beneath our feat. Our natural reserves, forests, ore, etc are the foundation that made this nation prosperous - throw in a little good old fashioned ingenuity and you have more than you will ever need at your fingertips. The concept of passing debt on to future generations is in direct contradiction to the ideals of George Washington et Al. We should draw our nets up around our real wealth, minimize government while maximizing individual success and prosperity, and get this nation back on track as the torch bearer for liberty.

This is the comment I left on Mr. Nielsen's blog:

We definitely are drunk on borrowed money.
I am worried that going cold turkey would injure us badly. Is there a short program of detox that everybody could agree to?

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You're Spending TOO FAST!

This video shows how Obama's spending makes George W. Bush look like a "coupon-clipping housewife" in comparison. Those who say that Obama's spending is OK because "Bush did it" are either deluded or disingenuous. Hat Tip LL at Virtual Mirage.

Congressional Vote on Stimulus Plan

Of course the bill passed the democrat-controlled House of Congress. According to MSNBC,

Roll call vote

All Republicans voted against President Barack Obama's spending plan. Of the Democrats, 11 voted against the measure. Among them: Allen Boyd, D-Fla., Bobby Bright, D-Ala., Jim Cooper, D-Tenn., Brad Ellsworth, D-Ind., Parker Griffith, D-Ala., Paul Kanjorski, D-Penn., Frank M. Kratovil, D-Md., Walt Minnick, D-Idaho, John E. Peterson, D-Penn., Heath Shuler, D-N.C., and Gene Taylor, D-Miss.

We have borrowed this money from our kids and grandkids to support our generation's bad decisions. I'm ashamed.

Can we now spend our way to prosperity?