Do you ever wonder what a truly epic failure looks like? We are talking about a disaster of biblical proportions. To find one, look no further than across the ocean. Europe is sinking faster than the Titanic. We cannot stop their sinking but we still have time to learn from it.
From the Financial Times:
At the end of a briefly euphoric week, reality caught up.
On one level, Friday’s news was not really surprising. The French rating downgrade was a shock foretold. As was the breakdown in talks between private investors and the Greek government about a voluntary participation in a debt writedown. A proposition that was unrealistic to start with has been rejected. We should not feign surprise.
And yet both events are important because they show us the mechanism behind this year’s likely unfolding of events. The eurozone has fallen into a spiral of downgrades, falling economic output, rising debt and further downgrades. A recession has just started. Greece is now likely to default on most of its debts and may even have to leave the eurozone. When that happens, the spotlight will fall immediately on Portugal, and the next contagious round of downgrades will begin.
There is a word that keeps floating around all of these discussions. A word that warns us of the danger ahead. What could that be?
Oh it is DEBT.
That is right. This is a DEBT CRISIS. They have it in Europe and one is coming to America. Why?
Because our politicians are stupid!
Or perhaps insane is a better word. Every nation in Europe has tried what Barack Obama is pushing America to do. That is spend more money than we have and then borrow to cover the expenses.
Every nation that has tried this has failed. This is almost as predictable as the sun rising in the East. How many failures do we need to watch before even the brain dead leaders we have in Washington can figure this out?
Thanks to the Republican leadership, Barack Obama has the unfettered discretion to borrow even more money. When is this going to stop?
If someone takes a running leap off of a tall building, it is a pretty good indication they want to kill themselves. When leaders of this country see all of the warning signs of what uncontrolled spending and borrowing will do to a nation, they either want the specific end result that will come or they are simply too stupid to be in any position of authority.
Either way, in 2012, they must go.
Permalink Reply by JAMES R MC CORMACK on International suicide
Permalink Reply by Doug Nicholson on Here is a link to a graphic illustration that will bring home to you how bad our debt and unfunded liability situation really is. It will scare the pants off you!
ABO!!!!!!!!!!!!
Permalink Reply by Larry Self on Not a good link for me because it is requiring a Windows Live ID signin.
Permalink Reply by Doug Nicholson on DOGGONE IT! That one won't work either. However, here's an even better version (and it even works!).
Permalink Reply by katy on I agree. Like you, I have been wondering for 2 years just WHEN is someone going to stand up and talk about the truth? You can fix your problem, until you figure out just what it is.. They are purposeflully destroying us economically with every single decision that is made. NO ONE will even acknowledge this fact. Look at everything from the Gulf spill ,, to not allowing the pipeline from Canada.... if you want to know which decision will be made , the decide the one that is worse for us economically
and you can BET that is exactly what they will do. The economic destruction of America and the weakening of our military is the plan .. Even a blind man could see this. Are all our leaders aimed at our destruction, or is it that the truly patriotic representatives are so outnumbered that their hands are tied?
Permalink Reply by William Miller on obummer's activities have nothing to do with the USA ... the majority of Americans paying attention only see that this guy is trying to level the playing field within the boundaries of the USA... just step back a bit and look at the world... because that is what he is doing... breaking the USA as the rest of the world goes broke for the same reasons ..DEBT.. and thus sort of leveling the larger playing field for ' a King or something in that order' ...
Permalink Reply by Thomas Angle on ' a King or something in that order' ...
or maybe a beast?
Permalink Reply by Dennis Donner on we send them packing
or go to hell with them
Permalink Reply by Marcia Wood on Judson - they're not stupid but belong to the Elite Politician Club that refuses to balance the budget, freeze spending, increase the size of our Military etc... It's sort of like wearing the same old pair of jeans and sweatshirt every day - it feels good! Well that's how the politicians feel - they don't want to change their old ways of spending, lying and misusing taxpayer's funds; they don't want anything to interfere with their comfort zone. These people are the very ones who want to put Mitt Romney in as our Presidential Candidate; he's has drifted to the left so many times that they feel he will be the only Candidate who can be managed by the Old Republican establishment.
Think about it - why is Ron Paul still fracturing the votes, because he and friends want Mitt Romney in the driver's seat. There's a lot more going on then meets the eye here... Ron Paul is actually a trouble maker and is creating havoc at this time -
Permalink Reply by Sharron Deer on I'm with you 100%, Marcia!
Permalink Reply by william e grant on THANK YOU KRISTIN FOR POINTING THAT OUT, I AM SO GLAD SOMEONE ELSE WILL SAY IT .
Permalink Reply by Nancy Grace on Maybe we should just declare bankruptcy.
It works for some.
© 2013 Created by Judson Phillips.
