Showing posts with label Debt Ceiling. Show all posts
Showing posts with label Debt Ceiling. Show all posts

Wednesday, June 29, 2011

In Iowa, Barack Obama Ups His Game

President Barack Obama talks with patrons during a stop for lunch at Ross’ Restaurant in Bettendorf, June 28, 2011. Image Credit: Official White House Photo by Pete Souza

In Iowa, Barack Obama Ups His Game


This week saw the President of the United States travel to Iowa for a fund raiser over the same time period the loyal opposition of the Republican party were campaigning to become the choice of the American people to unseat him.

Barack Obama scheduled this manufacturing plant speech for his run to get re-elected over the same time he is wanting to up the nations debt ceiling so that he, and the Democrat party can saddle the American citizenry with more Government spending and debt.

In the speech he came to Iowa to deliver, he made this statement, "You [Alcoa Davenport Works] had to up your game. And that’s what we’ve got to do as a country as a whole."

Before Barack Obama admonished the people of the United States for not playing hard enough and taking their life situations seriously enough, he showed his commitment to his wife's agenda for all Americans to eat healthier by dropping by for lunch at Ross’ Restaurant in Bettendorf.

My Plate replaces the food pyramid as the symbol of Government guidance on eating. Image Credit: choosemyplate.gov

This excerpted and edited from the Des Moines Register -

Obama makes good on promise to stop at Iowa diner
Des Moines Register - 1:47 PM, Jun 28, 2011
By Ed Tibbetts, Quad-City Times

The president then made good on a 2008 campaign promise today, making a quick stop at Ross’ Restaurant in Bettendorf. The diner is off Interstate-74 on the way to Alcoa, which is in nearby Riverdale.

Three years ago, Obama talked with an owner, Cynthia Freidhof, at a town hall meeting, in August, 2008, and pledged to come here.
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“You are so awesome,” Cynthia told the president as they hugged.

The president explained what had happened at the town hall, and that he’d been told about the Magic Mountain.
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The president ordered four Magic Mountains and two Volcanoes. A Magic Mountain has grilled loose meat hamburger on texas toast, covered with french frieds and cheese sauce. Topped with onions, which is called a “snowcap on the mountain.” It becomes a volcanoe by adding chili on the top.

“I think he’s a man of his word, always, and he’s doing the very best job that he can and I just can’t believe he’s here, but it’s real,” Freidhof said.

The president challenged the press with him to eat a Magic Mountain, saying he’d buy it if they ate it. (I’m not sure if anyone took him up on it). The president said the orders he placed were for people on the plane[as if!] .
[Reference Here]

So the President upped his game on eating poorly (or just feeding his staff poorly) in Iowa against the lecturing of his wife's, Michelle, My Plate Campaign upon which the USDA invested over $2,000,000 on the website alone. One has to ask themselves, why did we throw away the food pyramid in favor of a multi-million dollar USDA eat healthy campaign just to have it officially ignored by the people who choose to shove this agenda down our throats? ... all the while being admonished and told to "UP OUR GAME".

Two words:

Up Yours!

Oh! ... and stop (EPA up 125% alone since Obama took office in 2009), STOP spending our money.

(Article first published as In Iowa, Barack Obama Ups His Game on Technorati)

Thursday, June 16, 2011

The Barack Obama Economy - Greece-ing Our Skids

President Barack Obama delivers remarks during the Official Arrival Ceremony for Chancellor Angela Merkel of Germany on the South Lawn of the White House, June 7, 2011. Image Credit: Official White House Photo by Chuck Kennedy

The Barack Obama Economy - Greece-ing Our Skids


Yesterday, the United States stock market dropped about 1.5% on fears of extreme unrest in Greece on the news that the citizens there, who have lived in an entitlement/socialist society for decades, have nearly bankrupted the country and can no longer receive the supports to their lifestyles they were accustomed to.

Greece is struggling with a nearly half a trillion dollar debt load, and is working to avoid having to restructure, or worse, default on its debt. However, the Greek public has protested deep spending cuts and austerity measures to save their economy, and plans to privatize government-held entities have fallen far short of the necessary capital requirements.

Last week, President Barack Obama met with German Chancellor Angela Merkel and one of the issues they discused was this ongoing problem of the Greecian economy. Greece has already received $161 billion in European bailout assistance, largely orchestrated by Merkel. Now, European finance ministers and international lenders are working on a second round, on the order of an additional $1l7 billion to $146 billion.

After his meeting with Merkel, Obama said the U.S. would participate in the bailout on condition that Germany takes the lead. In a sense, as the largest contributor to the International Monetary Fund, the United States is already participating.

This excerpted and edited from CNBC's moneycontrol.com -

US is in even worse shape financially than Greece: Gross
moneycontrol.com - Published on Tue, Jun 14, 2011

When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco`s Bill Gross told CNBC Monday.

Much of the public focus is on the nation`s public debt, which is USD 14.3 trillion. But that doesn`t include money guaranteed for Medicare, Medicaid and Social Security, which comes to close to USD 50 trillion, according to government figures.

The government also is on the hook for other debts such as the programs related to the bailout of the financial system following the crisis of 2008 and 2009, government figures show.

Taken together, Gross puts the total at "nearly USD 100 trillion," that while perhaps a bit on the high side, places the country in a highly unenviable fiscal position that he said won`t find a solution overnight.
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Should the debt problem in Greece explode into a full-blown crisis-an International Monetary Fund bailout has prevented a full-scale meltdown so far-Gross predicted that German debt, not that of the US, would be the safe-haven of choice for global investors.
[Reference Here]

We, at MAXINE, are compelled to ask: Why are we bailing out Greece when we should be bailing out ... ourselves?

This is not the time to approve an increase the debt ceiling as the President insists on having the Congress and the Senate agree with him to do. Our country is already way too much in debt on un-funded liabilities alone.

It's time to hit the spending brakes and stop this skid into Government entitlement oblivion.

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