How to return America to greatness

The fiscal dilemma America faces is one of the government trying to guarantee all things to everyone. Where has self reliance gone? Where is the peoples willingness to buckle down, tighten their belts, pull themselves up by their bootstraps?

A return to greatness will necessarily involve some very painful lessons for the American people. We will have to realize that the government is not there to "save us". The federal government, as well as state and local government, will have to undergo serious, painful cuts in programs, across the board. The sooner we make them the sooner we will return to fical soundess. I was always taught that "your first loss is your best loss". Time for Americans to take the pain, shrink government drastically and move forward. If our "leaders" fail us, the US dollar and economy as we know it will deteriorate into a disaster by 2016.

The Debt Ceiling Nonsense

Do we all understand that the debt ceiling discussions and more specifically, the $1.0 to $4.0Trillion debt reductions being discussed, are reductions in the projected ADDITIONAL $10Trillion in debt the US expects to add to its debt over the next ten years?

The discussions are not a real discussion of reducing debt, they are a discussion about slowing the growth of our debt. This is absolutely ridiculous. We need an immediate 35% cut in the federal budget just to get close to a balanced budget now.

Obama the oilman

As anyone with even a modicum of economic intelligence would have known, West Texas Intermediate (WTI) crude is now trading higher than the day Obama authorized the SPR release. ON June 22, WTI traded at approximately $94.96 a barrel. The next day the President ordered the Strategic Petroleum Reserve sale of 30 million barrels of oil. WTI dropped to $90.70. Fantastic!! However, here we are on July 5, 2011 with WTI trading at approximately $96.50, almost a full $1.54 per barrel higher than June 22 and $5.80 per barrel higher than where it traded on June 23 (WTI closing spot prices from the U.S. Energy Information Administration (EIA)). While the wholesale price of gas dropped immediately in the aftermath of the news release, the wholesale price has already moved higher, and is now above the June 22 price per gallon.

The decision to release the oil was not based on sound strategic analysis. The SPR was created primarily to make sure oil was available for strategic military purposes, and secondly, for public use. There was and is not any strategic military need for the oil, and the oil will be sold on open markets to the highest bidder. Will the public benefit in the long run? No. Gas prices may drop as a result, but that will be temporary as we have already seen. The real reason for the oil release is purely political. Obama wanted this Fourth of July holiday to be a travel bonanza, thereby pumping up the economic numbers by showing increased holiday driving and creating a general "feelgood" atmosphere due to somewhat lower fuel prices. As reported earlier today, Americans actually drove 2% less miles this Fourth of July than in 2010. How much lower would it have been if there hadn't been a little added "juice".

Greece rioting to come to the US??

Will the union members calling for "more activism" in Wisconsin resort to the rioting being seen in Greece. For those not following Greece, the Greeks are near a default on their sovereign debt brought about by massive social programs and government union employment. As the political leaders have been forced to take austerity measures, i.e., cutting pensions, salaries, and jobs, the unions have rebelled, rioting in the streets and fighting with riot police. Many believe Greece is approaching civil war if not a breakdown of society. Is this what the US will see as its political leaders attempt to rein in public spending and overly generous union salaries and benefits?

Habla ingles? A sad commentary

Texas State Senator expresses the view of the vast majority of Americans. If you emigrated to this country in 1988 and are testifying before a legislative body, should you speak English, especially if you are able to speak it?

See link for details

http://www.ktrh.com/cc-common/news/sections/newsarticle.html?feed=121300&article=8719378

"We own it"

Florida Congresswoman and Democratic National Committee Chairman, Debbie Wasserman Schultz stated, "We own the economy". You sure do. I couldn't have said it any better myself. The Democrats own this disaster of an economy. The Democratic party line is that Pres Obama's actions averted a Great Depression and turned the economy around. Tell that to the millions of unemployed and under-employed who have been looking for work. The US economy, after the Obama stimulus and other spending boondoggles, appears to have stabilized, but the only "stability" and/or "growth" has come from government. Strip out the government spending and inflation from the data and the US economy continues to shrink. We are very close to the whole ponzi scheme known as the treasury funding mechanism, blowing wide open, which will lead to the destruction of the dollar. Then we will see how much the Democrats want to have ownership of the economy.

Congressman Weiner is finally roasted. His wife must have told him to stop the endless lying, shut his trap and get out of town. Her humiliation is almost over. Now she just has to ditch the hotdog and move on to a better man (anyone would do).