Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Tuesday, July 26, 2011

The Emperior Has No Clothing!

Book of Obama: Chapter 13



His Excellency, The Most High, Master of the Nation, President Barack Hussein Obama (May He Reign Forever) spoke to the peons of the population.  None of this problem is MY fault, the Great One exclaimed.

"I blame Bush! He spent $1 Trillion in 8 years. And there was the Recession. We had to spend, spend, spend to Save the Nation. It is the fault of the Republicans. Those nasty TEA Partiers. It is the fault of everyone else. I am your King. Nothing is MY fault. It never is.

We need to make the rich give up their money. The Corporate CEOs with private jets need to give all their money to ME. The Billionaires and Millionaires have too much money, I need it more.  I need much more.

Although I am Omnipotent, I need your help.  If I don't get the debt ceiling raised, the world will come to an end.  The elderly will be forced to eat cat food.   The military will not be paid.  Veterans will starve while being thrown on the street. All this because the evil Republicans with their allies the rich fat cats, will not do as I order them to.

Every President for many years has gotten what I demand.  The Great Reagan spoke thus:
"Would you rather reduce deficits and interest rates by raising revenue from those who are not now paying their fair share, or would you rather accept larger budget deficits, higher interest rates, and higher unemployment? And I think I know your answer."
And yet these evil men will thwart MY plans, MY desires, what I want.  It is very simple.  Without this ceiling raise, we will DEFAULT on our debt.  The nation will be destroyed.  It will not be MY fault!  We have only a week.  I need you to call Congress and demand that they raise the ceiling.  Raise it enough so that We don't have to do this until after November 2012 (So I don't have to bring this up again until I am reelected!). Only you, the Middle Class, the Poor need to do this.  Together We can defeat the rich, the ignorant, the Republicans.

Thank you MY subjects.  I bless you!"
He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.
-----Thomas Jefferson, Declaration of Independence
Thus the Anointed One spoke to the people.  And they would have listened to Him but for the voice of the House Speaker, Boehner of Tears.  He spoke quietly, passionately, and with a firm voice.  His words bespoke of the truth and the people listened:
"I am not a fat cat, I was just a small business owner before I came to Congress.  I am one of you, the Middle Class, the people who find all of this too complicated to understand.  But it isn't too complicated.  It is as easy as your own home budget.

The President wants us to raise the debt ceiling for the next 18 months. This is so He will not have to face this problem during an election. The President swears that if we don't raise the ceiling the nation will end. We will default on our debts, the old will starve, the military will not be paid and veterans will be homeless. This is a lie. None of this will happen. What will happen is that for the first time the nation will have to live within our means. We will have to cut spending. We will have to trim the fat.

The President refuses to cut the fat, the port, the earmarks. We had a deal, but the President threatened to veto it. We have another deal, but it forces the President to cut spending, and will only raise the debt ceiling for 6 months.

The President is acting childish. He is carrying on a temper tantrum: "Do it my way or face the consequences!" The President can quote Ronald Reagan, but he will never be Ronald Reagan. Nor does he understand what Reagan stood for.

We will call his bluff. The President will be taught the lesson of the Constitutionality of this issue. He will be denied. He believes to be our King. But he forgets. We are Americans! WE HAVE AND WILL HAVE NO KINGS!!!!
And with that, the American people awoke to the truth of the argument.  The did call the Congress telling them to stand firm, don't give in to Obama's demands.  If we can stop him now, he will be destroyed. And they remembered this:
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury.


A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.


---Thomas Jefferson, The Declaration of Independence

Yes President Obama has become a Tyrant.  It is time to take down the tyrant.  Call your Congressman or woman.  E-mail him or her.  Let them remember what happened in 2010.  You put them into Congress and you can take them out.  Time is running out. the nation and our freedoms are at risk.  It is time to stop the Tax and Spend culture of the Presidents and Democrats now.

Monday, July 11, 2011

My Grinchy Wife

From The Liberty Ledger

I contribute to theLiberty Ledger and this was posted there yesterday.  A posting by Terry Bascom.  I hope you all enjoy.
I make $100,000 per year, and I have a net debt of $87,000. I’m worrying about making payments on my loans, in addition to keeping up my basic living expenses. I have to pay more this year for health insurance, food, utilities and gasoline. I own a business, but it looks like sales are going to be down again, which will cut into my revenue stream.

I budget July – June, and I had planned to increase my living budget by 8% for 2011-2012, based on anticipated income. Now that it looks like my income is going to be less than I’d hoped, I’ll have to make cuts instead. So I’m only going to increase my budget by 5%, which is a 37% reduction. It’s going to be hard to live with such a huge austerity measure, but I’ll just have to find a way to make it work.

Since my revenue stream is already taking a hit, and I’ve cut my budget all I can, I’m planning to borrow more money to make up the short-fall. I’m confident my earnings will increase next year when business picks up, which means I will be able to pay everything back over time. I think I’ll need to borrow about $7,000 to hit my scaled-back spending budget of $105,000.

My wife is arguing that we should reduce our spending even more. She thinks we should not count a reduction in proposed spending increases as a spending cut. She thinks our debt burden is getting too high and we should start spending less than we bring in.

I’ve pointed out how unsavory that would be. In a down year like this, we would have to make some pretty serious adjustments to our living standards. I don’t know where we would cut. Do we really want to reduce the kids’ allowances? Are we ready to forego our quarterly vacations? Should we scale back our Christmas lights display? Are we going to close the backyard swimming pool and throw fewer barbeques? Does she think we should stop replacing the living room furniture every 2 years, or the cars every 3? Would she like to spend her days growing vegetables where the roses are blooming, just to save a few dollars on food? What, exactly, can we cut?

She says ‘yes’ to all of the above. She even thinks it might be good for the kids to go mow lawns for their money, rather than getting it from us! She reminds me that when she was a kid her parents bought her 1 pair of shoes at a time, and she never owned more than a single pair of jeans until she went to work to buy them herself. They ate whatever was cheap – tuna fish this month, chicken next, hamburger when it was affordable. They ate ice milk rather than ice cream, and often mixed powdered milk rather than buy fresh. Her mom kept a vegetable garden and canned the extra to tide them over through the winter, and her dad never owed a penny except for his mortgage.

Yeah, okay. I’ve heard all of that before. But do we really want to live like that, I ask?

No, she says, she doesn’t. But she’s willing to do it for awhile, if the result will be a more stable household economy, the ability to get out of debt, and getting the risk of bankruptcy removed from over our heads. She’d even like to see us put some money in the bank.

I tell her that’s fine for her, if she wants to do it. But I don’t see why the kids and I should suffer because she’s afraid of a little debt. After all, we’ve never gone bankrupt yet, so why get gloomy about the future? All we need is for a little turn-around in the world economy and we’ll be flying high again in no time. In the meanwhile, we should just suck it up and borrow what we need. After all, I’ve already cut deeply into our 2011-2012 budget. She should just meet me half way by agreeing to increase our debt load a couple percentage points. What kind of difference is that going to make over the long haul?

For some reason, she refuses. She says she’s not willing to raise our debt ceiling any further. So I told the kids that half their parents think they deserve all the good things we can provide them, but half their parents think they should unnecessarily and unfairly suffer just because we’re going through a temporary rough patch.

It’s obvious to me that if we borrow more, we can keep to our inflation-adjusted budget, modestly improve our lifestyle and, if we borrow enough, I can even invest more in my company than I did last year. Surely more spending on my business will turn this year’s reduction in revenue into next year’s surplus. It’s clear to me that I just didn’t spend enough on employee wages, fringe benefits and improving the phone system. This year, if I put money into new toilet seats, upgraded computers, and softer mood lighting – heck, I should probably rewire the whole plant, and upgrade the entire sewer system, not just the toilet seats – oh, and pave the parking lot – I could even bring back a couple of the guys I had to furlough last year to help – if I make those infrastructure improvements, productivity will surely increase! We’ll turn the corner and make a profit next year, and from that profit I can pay down the debt I’m accruing.

The kids get it. They like it. They even voted for it when I put it to them. But for some reason, my Grinchy wife won’t get on board. She just can’t see that if we do it her way, we’ll be in for a hard time. And hard times are not fun. The kids don’t like it. I don’t like it. And I venture to say that even my wife won’t like it when she’s in the midst of it.

She has such a negative outlook, and won’t budge. So it looks like I’ll have to go around her, somehow, to get the money I need to keep this family solvent.