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Obama's Budget - bankrupting the country
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Information générale
Forum:
Politics
Catégorie:
Autre
Divers
Thread ID:
01448496
Message ID:
01448497
Vues:
64
Thank God we bought a pork - er, park in the Virgin Islands for $50Million. OBama and his Democratic scumbag partners can head their when they are finished looting and ruining the rest of the country.

http://liveshots.blogs.foxnews.com/2010/02/09/tracking-your-taxes-park-pork/?test=latestnews


>As bad as Bush was, it has only taken Obama a single year to make me almost long for Bush...
>
>
>First, Obama's budget is attempting to seize any money returned by banks (recouped from the TARP bailouot) to fund a 2nd "stimulus". This is ILLEGAL. The TARP legislation specifically stated that monies recouped from TARP would be used to pay down the national debt.
>
>Fortunately, Obama is getting slammed for this by the man who refused to work in Obama's cabinet:
>http://gatewaypundit.firstthings.com/2010/02/judd-gregg-erupts-eviscerates-peter-orszag-video/
>
>
>
>Second, the US Credit Rating is at risk
>http://www.telegraph.co.uk/finance/economics/7153180/US-credit-rating-at-risk-Moodys-warns.html
>
>The threat is NOT ONLY a higher cost of borrowing money for the federal government - it's also the loss of value of financial assets.
>If Obama's projected growth is wrong, it would wind up damaging the U.S' AAA credit rating - which could possibly spin this country into a something worse than 1929.
>
>Fortunately, there appears to be serious opposition in the House to Obama's budget.
>
>And for that matter, even Obama's own party has signed on to a bill that would block the EPA from regulating carbon dioxide. Here's a quote from Rep. Peterson (D) of Minnesota: "I have no confidence that the EPA can regulate greenhouse gases under the Clean Air Act without doing serious damage to our economy....Congress should be making these types of decisions, not unelected bureaucrats at the EPA.”
>
>So that buys a bit of time for the Climategate fiasco to discredit the idea of man-made global warming. That could help kill cap-and-trade for good.
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Don't Tread on Me

Overthrow the federal government NOW!
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