As several recent surveys make clear, concern about deficits and debt is rising sharply. An NBC/Wall Street Journal survey conducted in early May showed that the share of individuals rating “the deficit and government spending” as the top priority for the federal government to address has jumped since January from 13 to 20 percent—second only to job creation and economic growth. According to Gallup, “federal government debt” now ties with terrorism for the top spot in perceived threats to our future well-being. It is entirely possible that we are reaching an inflection point in public attitudes that will force the political system to change course.
[….]
In plain English: the higher spending and public debt go, the stronger the economic case for fiscal restraint. At some point, serious deficit reduction ceases to be a green eye-shade exercise and becomes essential for sustainable economic growth. But when? After summarizing the grim prognosis for U.S. deficits and debt during this decade and beyond, Auerbach and Gale formulate the choice as follows:
“[P]olicy makers will need to decide when to cut off stimulus and start imposing fiscal discipline. Cutting off stimulus too soon could plunge the economy into a new downturn, as happened to the United States in 1937 and Japan in 1997. Letting stimulus run for too long could ignite investors’ fears and create a ‘hard landing’ scenario.”
Thanks to an advertiser who wishes to remain anonymous, cars and trucks on Arizona Highway 260 in East Central Arizona are driving by a billboard advertisement that recently went up, bearing President Obama’s face on what appears to be a mock U.S. $100,000,000,000,000 (One-Hundred Trillion Dollar) bill.
The billboard’s caption: “But Who Will Pay the Piper?”
Chuck Perrine of Jones Outdoor advertising in Tucson, Ariz., confirmed to CNSNews.com that his company created the 10 ft- by-40 ft. billboard, which he said “went up within the last month.”
Perrine said the sign is located “near Linden (Ariz.),” but said that the advertiser is “not interested” in disclosing any further information about his identity–or his reason for purchasing the ad.
It is a very good question to ask and you want to know the answer? That would be us, the American Tax Payer, that is whom will pay the piper for many years to come. After all the stimulus that the Democrats rushed out the door? It failed. Don’t believe me? Here’s the video proof: (H/T HotAir)
As all of us, who are right of Obama, said over and over and over; you cannot prime the pump of the economy — it is either there or it is not. Further more, the huge housing bubble burst and subsequent collapse of the stock market; which wiped out many people’s 401K’s, not just the rich — is living proof that you cannot socially engineer the economy. It works, but only for a season. Bubbles burst, and things come back to normal and people lose and sometimes lose big.
Hats off to the person who decided to put this up. Of course, in the lame stream media he will be denounced as some sort of evil racist or something….
President Barack Obama bluntly defended his administration’s response to the undersea gusher fouling the Gulf of Mexico on Monday, telling an interviewer he has met with experts to learn “whose ass to kick.”
“I was down there a month ago, before most of these talking heads were even paying attention to the Gulf,” Obama told NBC’s “Today” show in an interview scheduled to air Tuesday. “A month ago I was meeting with fishermen down there, standing in the rain talking about what a potential crisis this could be.”
A variety of critics have accused Obama of being too cerebral in his reaction to the undersea gusher now fouling the Gulf of Mexico, of failing to put the full force of the administration and of putting too much trust in oil company BP. But Obama told NBC his deliberations have been more than academic.
Hmmmm, perhaps maybe The President should try starting in his own cabinet? Maybe he should startwithhimself? After all, he is a pretty skinny guy, I just wonder if he is double jointed?
One of the Kalamazoo Central students — who was seated behind keynote speaker President Barack Obama during Monday night’s commencement ceremony — fell asleep.
The student, who earned such a prime seat by singing in the choir, was captured on video due to his proximity to the president. He also was a hot topic on Twitter and the subject of several recently created Facebook pages.
Our video, at left, shows the student yawning and fighting to stay alert. At one point, he leans back, only to jump alert and join in during applause. The student then leans forward and appears to nod off.
Man, if that is not a good video for someone running against Obama in 2012, what isn’t? Anyways, Yes, Kid, we feel your pain. Poor guy just was up late and had to get up early and listen to the President tell how wonderful he is. It can make for some pretty heavy eyes!
SPC Bradley Manning - Fresh Meat for the Army brig circle jerk!
Federal officials have arrested an Army intelligence analyst who boasted of giving classified U.S. combat video and hundreds of thousands of classified State Department records to whistleblower site Wikileaks, Wired.com has learned.
SPC Bradley Manning, 22, of Potomac, Maryland, was stationed at Forward Operating Base Hammer, 40 miles east of Baghdad, where he was arrested nearly two weeks ago by the Army’s Criminal Investigation Division. A family member says he’s being held in custody in Kuwait, and has not been formally charged.
Manning was turned in late last month by a former computer hacker with whom he spoke online. In the course of their chats, Manning took credit for leaking a headline-making video of a helicopter attack that Wikileaks posted online in April. The video showed a deadly 2007 U.S. helicopter air strike in Baghdad that claimed the lives of several innocent civilians.
He said he also leaked three other items to Wikileaks: a separate video showing the notorious 2009 Garani air strike in Afghanistan that Wikileaks has previously acknowledged is in its possession; a classified Army document evaluating Wikileaks as a security threat, which the site posted in March; and a previously unreported breach consisting of 260,000 classified U.S. diplomatic cables that Manning described as exposing “almost criminal political back dealings.”
“Hillary Clinton, and several thousand diplomats around the world are going to have a heart attack when they wake up one morning, and find an entire repository of classified foreign policy is available, in searchable format, to the public,” Manning wrote.
This man is getting just what is coming to him. You take a political stance and you break the law? Your ass is going to jail. I hope he enjoys the big house, because that is right where he belongs.
Helen Thomas, the longtime White House correspondent made famous for her no-holds-barred questioning of presidents, announced her resignation Monday following controversial remarks she made about Israel.
In a statement from Hearst newspapers, where she works as a columnist, she said she is “retiring, effective immediately.”
Thomas started at the White House as a reporter during the Kennedy administration but became more outspoken in recent years, when she shifted to column writing.
The reaction of most reporters, friends and former White House officials was that while the end to Thomas’s career is sad, it is hardly surprising.
“It really is sadness. She should have retired years ago,” one longtime friend said. “But I don’t think anyone is surprised at the anti-Israeli remarks. She has never made any secret of her animus toward Israel. I just hate to see her remembered for this instead of the pioneering work she did.”
Former White House press secretary Dana Perino said: “It’s a sad but appropriate end.”
Let this be a lesson to any leftest loon, who decides to be journalist. Keep your mouth shut and stick to your job; if you want to keep your job. Antisemitism is not cool, fashionable or any of the other stupid labels that they put on it. It is a sick disease and should not be in the public square.
Somehow or another, I somehow doubt that this was an accident, something tells me, that this woman knew who she was talking to and knew what sort of trouble it would cause. She wanted to retire and was looking for a way out and found it.
In case, you did not notice, I do have a ribbon on my blog now; and yes, I will say it. I do support Israel. The only reservation that I have, is that some of the players in Zionism sometimes resort to race or “Semite-Baiting”, but other than this, I have no issues with Israel and the Jews. America is the prosperous Nation that it is today, because of the relationship that it has with the Nation of Israel. God help this Nation, if we ever got the idiotic idea to abandon Israel or turn against her.
For more about how I feel about this issue. Please click and read this Gospel Tract. It will explain just how I feel about this whole thing. I may have had reservations about Israel in the past. But, that is all different now, I totally understand and believe, that Israel is God’s holy land and he will use it one day. You’ll see. Bush understood it, I understand it, and any Conservative who does not understand it, is not a Conservative and should not be calling themselves one! Remember this, come 2010 and 2012.
Say Uncle is always good for gun blogging. I’d point to a post, but they’re all good! 😀 Think of him as the Instapundit of the Gun Blogging World. I don’t read him nearly enough.
Traction Control is not getting his Corvette this summer. Awwww… Poor Guy. Sounds like it’s time for a new “Boss” if you ask me. I’m just sayin’! 😉 😛 😀
Conservative Blogger Round Up:
Of course, Smitty does his roundup and forgets about me, as always. 🙄
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