Archive for June 30th, 2011

Newpaper Title of the Day

Drum roll please:

Obama: A lot of the ‘fuss’ over Libya is politics

I hate to say it……but when Bush was in offce…..oh nevermind. Who has the time for this bullpucky?

Debt Limit

So President Obama is ticked off that Congress is not acting like grownups and agreeing to raise the debt ceiling.

And what’s the disagreement?
The GOP insists there should be no tax increases and Obama insists there needs to be.

So in essence, President Obama is ticked off that Congress does not agree with him.
This short column in the Washington Post is worth a read, but here is a small clip.

Most people were never comfortable with the idea that the only way to preserve the financial system was by bailing out its worst members. The claim that the stimulus bill would keep unemployment at 8 percent or below was proven false long ago. The Federal Reserve’s Quantitative Easing program has not resulted in sustained recovery.

The idea that the way to solve America’s debt problem is by raising the debt ceiling is the most counterintuitive of them all. The public doesn’t buy it. In the experience of most Americans, the way to get out of debt is to cut up the credit cards and stop spending. They have not read Lord Keynes and doubt whether his prescriptions work in the real world. For them, thrift is not a “paradox” but a virtue.

In today’s Longmont Paper is this call in to our anonymous opinion section (in print only) is this little call in. Take note how it perfectly matches what the columnist above is suggesting.

“Nation’s credit at risk”? “Economy could suffer”? Are you kidding me? These people don’t get it yet. We’re top heavy. We’re brok. The solution is simple. What would you do? What would the biggest companies in the world do? What does anyone with common sense do?

And in the meantime, Obama is stomping his feet.

How hard would it be to agree to cuts in government, get his higher debt limit passed and then go back and look at his taxes? But he won’t do it. It’s about “face”.

Dear Mr. Boehner,
Make him blink. It will please me greatly.

All my best
Terri

UPDATE: Daniel Henninger at the WSJ sees this moment as defining who we are. Looking at Greece, I have to agree.

We do not want to be babies of the big state. At least not yet. We’ve been complacent but as look at ourselves in the mirror we have to choose. I know who I want to be.

We really didn’t need MORE proof

That the UN is idiotic.


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