America Heading To Third World Status
Our once great country is falling apart at the seams. We have racked up a debt load that seems almost impossible to overcome and we are borrowing more every day. Our congress is on a spending spree, creating new government programs that will only create more debt. Rising inflation and rising employment, along with rising personal bankruptcies are all happening at the same time.
Where do we go from here? What is the answer? What we need is a government that steps in and says no more new spending programs, and start looking at some of the current entitlement programs that we can stop.
We are in perilous financial shape – the residential real estate market is in shambles, the commercial real estate bust is staring us in the face, and banks are defaulting every month. Listen to what John Allison, the former CEO of North Carolina-based BB&T Corporation thinks about our current economic policies:
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No matter what, you have to admit they have a point… Just don’t let Jon Stewart get a hold of it.
Obama lecturing on the evils of spending is like a street corner drug dealer saying he is the same as the neighborhood pharmacy, only going to help you with the pain. How self processed does one have to be to realize you cannot spend more than you are capable of repaying, if someone was to plan the destruction of the United States economy, I don
Just today Barry H. signed into law a $1.9 trillion increase in the federal government’s borrowing limit increasing the total borrowing capacity to $14.3 trillion, a 15.3% increase. Bill, if indeed your statement is correct, then I think Barry has just ended that streak with a bang!
Coming again as Progressives are boxed into monetizing the national debt or bankruptcy.
I’m glad to hear the federal reserve is confident, apparently they don’t have to grocery shop, pump gas or look for a better job!
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Bookmarked for future use
It is beginning to look like disaster relief and rescue is becoming more of a priority than wars beginning untidy democracies and additional chaos.