Comments on: The Debt Keeps Obamby Up At Night

By: Roy Bleckert

Roy Bleckert — Mon, 06 Jul 2009 22:10:00 +0000

I agree with Roger Chaillet, watch Ca ,as our economy in Ca. continues to deteriorate with the issuing of IOU,s,etc., this will probably spread to most if not all states in the near future.

Martin Weiss on Ca

http://www.moneyandmarkets.com/day-of-reckoning-8-34512

Martin Weiss The Great Lie of 2009

http://www.moneyandmarkets.com/the-great-lie-of-2009-5-34534

By: Steve

Steve — Mon, 06 Jul 2009 18:02:16 +0000

Self proclaimed “Messiahs” are quickly swept into the dustbin of history. It will be no different for Messiah “O”. It will be how much damage will he do in the meantime.

By: Robert Glisson

Robert Glisson — Mon, 06 Jul 2009 17:19:18 +0000

“The same president who-… authorized astronomical outlays, deepened the socialization of the economy, and now carps about the need for more of the same—trillions in healthcare expenditure and crippling cap-and-trade costs… complains that the debt “keeps me awake at night.”
If he spends the day trying to figure out new ways to expand the debt and worries all night about the expanding debt, he must really be superhuman, ordinary people have to get some sleep sometime. Of course if he did really worry at night, he would stop doing what he does in the day, wouldn’t he, so we have a dichotomy? We do live in interesting times.

By: Vic Jones

Vic Jones — Mon, 06 Jul 2009 14:49:45 +0000

Would that these parasites read the Austrian Theory of the Trade Cycle. But then we would have to assume that they would comprehend it after having read it. More than likely they would ask, “How do we fit that approach into 30-second soundbites so that we can get re-elected?” I believe the exchange between Ron Paul and Bernanke should be played over and over again when Obama and his cadre of followers begin talking like they know what economic viability is all about. Chodorov said it best: Economics is not politics.

By: Myron Pauli

Myron Pauli — Mon, 06 Jul 2009 14:25:56 +0000

Even in inflated $2009 pseudodollars, federal spending has gone up 4 fold (or double/person) since 1962: manyeyes.alphaworks.ibm.com/.../federal-outlays-1962-2009-2009-m or 9th entry under GOOGLE - Federal Budget 1962. Defense is higher against the Taliban now than under the Soviets at the time of the Cuban Missile Crisis, "human resources" has gone up sky high, and interest of the debt is a monstrosity - and this is with low interest rates. It is truly frightening. Every job we "save" costs 2 destroyed but not seen.We are approaching a national abyss and stepping on the accelerator pedal. Sleep well, Obama!

By: Roger Chaillet

Roger Chaillet — Mon, 06 Jul 2009 12:56:55 +0000

I don’t think we have 3 more years.

Keep an eye on what happens in California. This state has been a bellwether for social trends for decades. Will be interesting to see the fiscal outcome of this Mexican colony.

California leads, good, bad or otherwise, and many other states will follow.

I think Gerald Celente is correct: Tax riots are forthcoming.

By: Van Wijk

Van Wijk — Mon, 06 Jul 2009 05:07:43 +0000

You’re getting too cynical. The Pharaoh need only cock an eyebrow (the left one) and the Nile will flood and provide the Pharaoh’s children with bountiful crops.

In all seriousness, I guess all those Messianic campaign promises have vanished down the memory hole. Didn’t he say at one point that his election would signal the rolling back of the tides?

It’s going to be a fascinating 3 1/2 years.