EXCERPT: “The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. Moreover, the Congressional Budget Office (CBO) projects that the unemployment rate will remain above 8 percent until 2014. The official unemployment rate excludes those individuals who would like to work but have not searched for a job in the past four weeks as well as those who are working part-time but would prefer full-time work; if those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent. Compounding the problem of high unemployment, the share of unemployed people looking for work for more than six months—referred to as the long-term unemployed—topped 40 percent in December 2009 for the first time since 1948, when such data began to be collected; it has remained above that level ever since.”
EXCERPT: “Following the contentious debt ceiling last August, President Obama promised that he would take action to address the country’s fiscal crisis. He has failed to do that,” Portman said. “In fact, his new budget increases spending and projects that Washington will be hitting the debt ceiling again in mid-October – burning through a $2.1 trillion debt limit increase in just over 14 months.” Portman’s office notes that according to Obama’s budget, total debt subject to the statutory debt will reach limit will reach $16.334 trillion by September 30, 2012. This is just $60 billion below the 16,394,000,000,000 debt limit. Since the federal government is adding to the national debt at a rate of $132 billion a month, the debt ceiling is on schedule to be reached by October 15, 2012.
EXCERPT: “For the second year in row, Timothy Geithner admitted before the Senate Budget Committee that President Obama’s budget takes no action to meaningfully reform entitlement programs, putting us on an “unsustainable” fiscal course. “Even if Congress were to enact this budget,” Geithner said, “we would still be left with–in the outer decades as millions of Americans retire–what are still unsustainable commitments in Medicare and Medicaid. In fact, Geithner said the same thing about the president’s budget last year.”
EXCERPT: “After a year-long reprieve from rising foreclosures, the numbers are going up again. One in every 624 U.S. households received a foreclosure filing in January, up 3 percent from the previous month, according to a new report from RealtyTrac. Foreclosure activity froze in many states in 2011, due to processing delays after fraud, or so-called “Robo-signing,” were uncovered in the fall of 2010. The thaw is now on.”
Now if you think THAT is the right direction for this nation then you’ll be HAPPY AS HELL that Obama wants to disarm us to the point of insanity. We are being destroyed from within folks, by a traitor in the White House as well as a cabal of them in the House and Senate. We have unelected and unconstitutional czars busy as little bees undermining this nation, while the Pig-in-a-Pantsuit connives to take over the World Bank. Obama and Shrillary, along with the Democrats and Soros are turning us over to the UN and no one is fighting for this nation!
If this is the right direction for America, we’re in big trouble. If we lose in 2012, America is toast unless we elect members to Congress and the Senate with a set of balls big enough to first impeach and then remove an illegal president, and then work their way through his illegal regime.The Gunny hopes that make the czars run a gauntlet of angry Americans armed with hot tar swabs, baseball bats, and sacks of chicken feathers. Maybe we could hold a lottery and raise money to pay off Obama’s debt to the Chinese!