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1 SEASON'S GREETINGS on Wed Oct 19, 2011 12:38 pm



T'was the night before elections
And all through the town
Tempers were flaring
Emotions all up and down

I, in my bathrobe
With a cat in my lap
Had cut off the TV
tired of political clap-trap

When all of a sudden
There arose such a noise
I peered out my window
Saw Obama and his boys

They had come for my wallet
They wanted my pay
To give to the others
Who had not worked a day!

He snatched up my money
And quick as a wink
Jumped back on his bandwagon
As I gagged from the stink

He then rallied his henchmen
Who were pulling his cart
I could tell they were out
To tear my country apart!

'On Fannie, on Freddie,
On Biden and Ayers!
On Acorn, On Pelosi'
He screamed at the pairs!
They took off for his cause
And as they flew out of sight
I heard him laugh at the nation
Who wouldn't stand up and fight!
So I leave you to think
On this one final noteó

2 Christmas in Greece.... on Wed Oct 19, 2011 1:07 pm


Greece just announced they will need another $11 billion bail-out from the "Eurozone" bankers. Those bankers have announced NO funds will be available unless Grecce proves they have implemented austerity programs that have,so far, caused violent rioting. Can't happen here? Why not" It happened to the USSR, didn't it? Weren't they larger than us (pop = 337 million then)? As our debt approaches an ever larger percentage of our GNP, the likelihood of a disaster becomes greater. Obama has never said we must stop borrowing now. Nope. All of his programs include an increase in our debt limit, more taxes, and more deficit spending. 8 times more than just 4 years ago! In a period of ZERO net job growth, Obama has managed to add, thru stimulus spending, 140,000 new government employees. Each one an added expense to the taxpayer.

How can we operate any government at all when up to 3/4 of every tax dollar must go to paying JUST THE INTEREST on our debt? Do enough people see where we are headed?

Not wanting to see my country go bankrupt is not an expression of greed and allowing that to happen for purely political reasons is not an expression of good governance.

3 Another correction: on Wed Oct 19, 2011 9:00 pm


"up to 3/4 of every tax dollar must go to paying JUST THE INTEREST"

This is incorrect. The debt is mostly in the form of bonds and gov't treasury notes. The interest itself is only about 1.3% of GNP but the notes MUST be redeemed constantly as they mature. At ptrsent, the best number I can get is that interest and redemption obligation is now at 40% of GNP. In Greece, the debt and pension obligations swelled to over 100% of their GNP.

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