Obama runs up another trillion dollar debt

Unemployment is at 10% and what happens? The President runs up more debt.

The story:

The government faces a fourth year of trillion-plus deficits in 2012, according to new projections released Tuesday—numbers which also show little relief in the future unless Washington comes to grips with needed changes in its tax and spending policies.
Like Aunt Cassandra coming down from the attic, the Congressional Budget Office steps squarely into the 2012 campaign season with the 147-page report which might have been subtitled “It’s not just the economy stupid, it’s also the debt.”
The $1.079 trillion deficit now projected for this fiscal year ending Sept. 30 is a step backwards from what CBO had predicted in August. And to punch home its message, the non-partisan agency outlines an especially grim scenario in which Congress not only extends all the current Bush-era tax cuts but pulls the plug on the $1.2 trillion in sequester set in motion by the Budget Control Act last summer.
Under this scenario—which can’t be ruled out politically—deficits would stubbornly hover just under $1 trillion through 2017, adding another $4.7 trillion altogether to the mounting federal debt.
Under the more prudent—and many would say unrealistic— scenario of ending tax breaks and implementing cuts, the cumulative deficits would be $1.72 trillion or $3 trillion less from 2013-2017. But even this path comes with a warning from CBO: that debt service costs are already on the rise and will command an ever greater share of the annual budget.
“The federal budget remains out of balance throughout the decade,” the report reads. “The resulting accumulation of debt, along with rising interest rates, drives up the cost of financing that debt; in CBO’s projections, net interest costs grow significantly from 1.4 percent of GDP this year to 2.5 percent in 2022.”
via Congressional Budget Office projects trillion dollar deficits through 2017 – David Rogers – POLITICO.com.

This is insanity, if I were the Republican candidates, I would be emphasizing this point to the high heavens! This is madness and we have to correct this in 2012.

Welcome to the depression: CBO says Unemployment actually at 10%

Makes you want to run right out and vote for Democrat, no? 😛

Via Drudge:

What do the NAR, Consumer Confidence and CBO forecasts have in common? If you said, “they are all completely worthless” you are absolutely correct. Alas, the market needs to “trade” off numbers, which is why the just released CBO numbers apparently are important… And the fact that the CBO predicted negative $2.5 trillion in net debt by 2011 back in 2011 is largely ignored. Anyway, here are some of the highlights.
2012 Deficit: $1.1 trillion; 2013 Deficit: $0.6 – yes, we are cackling like mad too…
Unemployment to remain above 8% in 2012 and 2013; will be around 7% by end of 2015; to drop to 5.25% by end of 2022.
This forecast is utterly idiotic and is completely unattainable unless the US workforce drops to all time lows and the US economy generates 300,000 jobs a month for 10 years
Needless to say, CBO assumes the best of all worlds in this meaningless forecast
But here is the kicker: “Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent” translation: CBO just admitted that the BLS numbers are bogus and real unemployment is 10%. Thank you
via Latest Congressional Budget Outlook For 2012-2022 Released, Says Real Unemployment Rate Is 10% | ZeroHedge.

Welcome to the real world folks! I could write about this; but I already have here.

San Francisco occupy protester strangles his parents

Unreal.

The Story:

Friends and relatives said Susan Poff and Robert Kamin of Oakland were the perfect pair to adopt a foster child.
They had dedicated their careers to helping others escape poverty, she as a physician assistant in a city-run clinic in the Tenderloin and he as a clinical psychologist for inmates in the San Francisco County Jail system.
But now, less than a decade after they adopted, their 15-year-old son stands accused of strangling both Poff, 50, and Kamin, 55, then hiding their bodies in the back of the family’s PT Cruiser.
Police were called to the family’s home on Athol Avenue on Friday by a co-worker who was concerned when Kamin did not show up for work.
[…]
Initially the son, whose name is being withheld because of his age, denied any involvement, but later told officers what had happened, authorities said. He was arrested on suspicion of murder Saturday and is being held at the Alameda County Juvenile Justice Center in San Leandro.
Co-workers said Poff and Kamin were having some arguments with their son, some of it having to do with him spending too much time in the Occupy Oakland encampment, but nothing that sounded beyond the scope of typical teenage rebelliousness.
via Oakland couple Susan Poff, Robert Kamin mourned.

Yup, Just like the tea party.

Nancy Pelosi herself said it!

I’m sure she is really proud.

Others: The Gateway Pundit, moonbattracker.com/wordpress, Verum Serum and Jammie Wearing Fools

A very nice article on the decline of the left

This comes via InstaPundit.

An article by Walter Russell Mead in the American Interest on decline of liberalism in America; some highlights:

“The blue model is breaking down so fast and so far that not even its supporters can ignore the disintegration and disaster it now presages. Liberal Democrats in states like Rhode Island and cities like Chicago are cutting pensions and benefits and laying off workers out of financial necessity rather than ideological zeal. The blue model can no longer pay its bills, and not even its friends can keep it alive. Our real choice, however, is not between blue or pre-blue. We can’t get back to the 1890s or 1920s any more than we can go back to the 1950s and 1960s. We may not yet be able to imagine what a post-blue future looks like, but that is what we will have to build. . . . There are a lot of reasons to be nostalgic for the old days (especially for the white males who were, far and away, the biggest beneficiaries of the old system), but there are also good reasons to bid the blue model good riddance.”

Please, go read the rest of that; because in a sense, this article says much of what I have written in the past on my old blog. Basically, that the left went off the rails years ago; along with organized labor, when they shifted from offense to defense. Since then, they have gotten worse and worse. A perfect example was in 2008, that whole thing with Hillary and Obama was a perfect manifestation of the class warfare between Man and Woman, Black and White; it all got to be a bit too much for me. Which is why I left them.

The sad thing is, the left, as it were, got even crazier after Obama was elected. It was as if the arrogance of the left went through the roof; they had the media, the white house, congress —- everything — and what did Obama do with all that favoritism? He blew it! I believe the grassroots left knows they were played; the establishment left does not really care, they are getting paychecks; but the people I know, the bloggers, are not happy.

Which brings me to my last point; I really wish this process between Newt and Romney would finally end and the Republican Party would get behind one of them. This whole populist versus establishment fighting is wearing very thin with me. It has nuances of the left’s class warfare; which I really do not get into at all. Do not misunderstand me here; I am all for airing someones dirty laundry and misdeeds, but to wrap it up in a package that the left would approve of, is not a way to fight a battle.

In other words; Florida’s primary cannot come quick enough!

Leftists show their true colors

This comes via Darlene Click.

You know, I have been known to pop off in my day; speak my mind and piss people off, a perfect example being here.

But when it comes to Presidential candidates and their kids; they’re off limits. So, when I see comments like this and this, I just cannot take the blame from the left that it is our fault that nastiness exists. Sorry, I have trouble taking that accusation seriously at all.

In other words libs, clean up your own backyards, before you point out ours, okay?

That is all…

Video: Charlotte Bergmann takes a verbal berating from a racist black radio host

This comes with a Hat Tip to Smitty over at The Other McCain.

First of all here is the Billboard that she dared to put up:

The video:

I am going to write over here, what I wrote on Stacy’s blog, in the comments section:

If I were that Woman’s hubby….That would be a dead black man. Quote me on that. That was bullshit. That was NOT an intelligent black man, speaking to a black woman; that was a feral NEGRO asshole being a dick to a black lady.
….and they wonder why I won’t vote Democratic Party no more. It is the same mentally that those corrupt Detroit Police officers carried that shot my cousin Michael Hill on July 11, 1994. That whitey is evil…
Why don’t want them around me, ever. 😡

In case you are wondering, I’m talking about this Cousin here:

My Cousin, Michael Hill -Mowed down by three corrupt Detroit negro cops in 1994.

So, yeah, I have attitude towards blacks, especially liberal black Democrats. 😡

Charlotte’s running for Tennessee’s 9th district, help her win and put people like this asshole in check.

Breaking News: Rick Santorum’s daughter Bella admitted to hospital

My Jesus be with this sweet little one.

Video:

Story:

The three-year-old daughter of Republican presidential hopeful Rick Santorum has been admitted to Children’s Hospital of Philadelphia and the candidate has cancelled his Sunday morning campaign events to be at her side.
Santorum campaign spokesman Hogan Gidley said Saturday night that the former Pennsylvania senator and his wife, Karen, were with Bella at CHOP. Gidley said Santorum planned to return to campaigning as soon as possible in Florida, where the Republican primary is Tuesday.
Bella Santorum has Trisomy 18, a genetic condition in which a child has a third copy of material from chromosome 18, instead of the usual two, causing a wide array of physical and mental problems.
Bella was not expected to survive until her first birthday – half of infants with Trisomy 18 do not survive their first week, according the National Institutes of Health. Some children have lived to their teenage years, but with significant medical and developmental issues.
The Santorums have been frequent visitors to CHOP with their daughter, and concerns over Isabella’s health have canceled previous Santorum campaign events.
During his campaign, Santorum and his wife have spoken openly about the challenges and rewards of raising a child with such a condition.
The Santorums have six other children; they lost a baby boy, Gabriel, shortly after his birth in 1996. Bella was born in 2008; two years later, Santorum wrote about her in an Inquirer column.
“All children are a gift that comes with no guarantees,” he wrote. “While Bella’s life may not be long, and though she requires our constant care, she is worth every tear.”
via Santorum daughter admitted to hospital | Philadelphia Inquirer | 01/28/2012.

Of all my criticisms of the GOP field, this is not one of them. Rick Santorum is a good father to all of his children; especially Bella.

The only thing I will say, because I am fair and balanced type of a blogger; is that Rick Santorum should be grateful that he actually has healthcare to help take care of his daughter. Because there are many, like myself, who have no healthcare insurance at all. Not that I believe that it should come from the Government. However, I believe that Mr. Santorum should be a bit more mindful that there are some, that are not of his financial status, and their children would most certainly not be as lucky as Bella.

Having said all of that; My prayers go out to the Santorum family during this difficult time. May the Lord Jesus hold Bella in the palm of his hand.

Others: Michelle Malkin and Atlas Shrugs

Video: Friday Evening Thoughts

Just a video of my thoughts.

Please note: In this video, I mistakenly refer to the Washington Times; I meant Washington Post. Oops. 😳

References:

Quinnipiac University: Romney Pulls Ahead In See-Saw Florida Gop Primary, Quinnipiac University Poll Finds; Men Shift From Gingrich To Romney — Memeorandum thread

Washington Post: Ron Paul signed off on racist newsletters in the 1990s, associates say

Ta-Nehisi Coates / The Atlantic Online: No One Left to Lie To

Jeffrey Lord / American Spectator: Elliott Abrams Caught Misleading on Newt

Roundups: Washington Wire, Outside the Beltway, NationalJournal.com, The Caucus, M.JOSEPH SHEPPARD’S …, Sunshine State News, Washington Post, Firedoglake, Don Surber, Florida Times Union, The Strata-Sphere, The Moderate Voice, The Other McCain, American Spectator, Presidential Power, Hot Air, Mail Online, Reuters, GOP 12 and Post on Politics, The Atlantic Online, The Hill, Little Green Footballs, The Political Carnival, US Politics, Hit & Run, Boing Boing, Gawker, Daily Kos, Hot Air, YID With LID, Outside the Beltway, The Daily Dish, The PJ Tatler, GOP 12, Lawyers, Guns & Money, Political Mojo and Shakesville, National Review, Riehl World View, Guardian, Big Journalism, The Atlantic Online, Le·gal In·sur·rec· tion, Eunomia, RedState, Power Line, The Reality-Based Community, The Daily Caller, JOSHUAPUNDIT and THE ASTUTE BLOGGERS

Nitpicking Megan McArdle a bit

Megan McArdle is a good writer that makes a whole bunch more money writing than I do.

She writes a very good blog entry about the President’s State of the Union address. In it, she writes the following, that I feel the need to comment about:

The harsh way to put it is that the speech was an extended whine about how all the rich bankers and George Bush have screwed everything up. That was fine campaign rhetoric when he was a Senator. But it’s pretty weak when he’s been in charge for most of a full term–two years of that with a majority in congress.

You see this is the entire problem; the Democrats lead by President Obama, continue to perpetuate the outright lie that the President George W. Bush and the cabal of rich bankers caused the Wall Street crisis and that drove our economy into the ground. This is nothing more than outright historic revisionism. The truth is the so-called “bankers” took advantage of the situation. As I have written on this blog and my previous blog, in 1973, the Democrats passed the community reinvestment act. In 1993, the Democrats added the subprime clause to that act, which created the ability for Fannie Mae and Freddie Mack to sell high-risk, adjustable rate mortgages to those who, under normal circumstances could not even remotely be qualified to get them.

There was one thing that did exacerbate the situation, that was the removal by Congress and not by Bush; the regulation that was supposed to prevent predatory lending conditions. Furthermore, The Republicans in Congress at the time, can be blamed for backing off an investigation, when the then President of Fannie Mae and Freddie Mac played the race card in response to a warning from the Bush White House that the housing market was about to crash.

Now the question as to the morality of the bankers is another story entirely. However, the very idea that somehow a cabal of banks actually brought the economy down is weapons grade conspiracy theory nonsense. The only thing that “The Bankers” and Wall Street did was take advantage of a situation created by the very socialists who are blaming the banks for the situation in the first place.

The Wrong

Hmmmmmm… Police State? 😯

John Cole over at Balloon Juice asks “How can stuff like this happen?”

Good question….

The Video:

The Story via MSNBC:

A New Mexico man who said he was forced to pull his own tooth while in solitary confinement because he was denied access to a dentist has been awarded $22 million due to inhumane treatment by New Mexico’s Dona Ana County Jail.
Stephen Slevin was arrested in August of 2005 for driving while intoxicated, then thrown in jail for two years. He was in solitary at Dona Ana County Jail for his entire sentence and basically forgotten about and never given a trial, he told NBC station KOB.com Tuesday night.
“[Jail guards were] walking by me every day, watching me deteriorate,” Slevin said. “Day after day after day, they did nothing, nothing at all, to get me any help.”
Slevin’s medical problems extended beyond his dental issues, he said. His toenails started curling around his foot because they were so long, he told KOB.com. And his countless requests to see a doctor for depression medication were ignored, he said.
He said his lawsuit “has never been about the money. I’ve always wanted this to make a statement.”
The $22 million settlement, awarded by a federal jury Tuesday, is one of the largest prisoner civil rights settlements in U.S. history, according to KOB.com.

A very good question, how does that happen? Of course, the Ron Paul people think he is only answer to such things. Something I find to be very humorous; seeing Paul is all about “States Rights.”