Rational Nation USA

Rational Nation USA Purveyor of Truth What got me into blogging several years ago was the fiscal aspect of managing a government effectively. Of course I believing the oft stated claim that democrats and liberals were the biggest spenders and were going to ruin the country though their fiscal mismanagement. Of course we're talking budgets and deficits here. Interestingly enough I just happened to be thinking about deficits by presidents today and came across some interesting data , naturally I had to share. A few months ago, I wrote an article titled "Which Political Party Has Posted The Highest Average Budget Deficits in the post WWII Era". The article looked at the average inflation adjusted deficits that have been posted when either Republicans or Democrats have held the White House, from 1946 to 2009. Over the past few months, we received a number of comments and emails asking us to write a follow-up article that would include data on average inflation adjust...

by: Les Carpenter Rational Nation USA Liberty -vs- Tyranny Awesome! Isn't it? Just who's the blame? Who's accountable? Bush? Obama? The Devil? Those deregulating big "R" statist Republicans? Those tax and spend American hating big "D" even bigger statists? Maybe Santorum and the Evangelicals and Catholics just didn't pray enough? All snark and kidding aside folks, pointing the bony finger of blame ain't gonna fix the very real and threatening economic disaster looming just over the horizon. Wouldn't it be a really novel approach if intelligent and duly elected representatives and senators sat down and worked the problems through? With the though in mind of actually coming up with solutions of course. Oh, that right. If the 535 plus 100 were intelligent they would have already been doing just that. So, I'm wondering... Has anybody looked in the mirror of late? Just follow this link to the informative article from The Ente...

by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs- Tyranny Someday, this nation, all its people, and the politicians they elect to represent them will be forced to face reality. The objective truth is we simply will not be able to sustain continued growth in government programs financed through excessive borrowing. AFT : US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed Wednesday. Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country's spending commitments reached a breaking point and it threatened to default on its debt. The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium. Public debt subject to the off...

by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism I just love the new phrase that Obama has sold to the faithful, and that includes the lame stream liberal media. Spending, and trillion dollar deficits have been assigned the new official term of investments. Lets get one thing straight.... Obama coined the phrase "investments", which is nothing more than a slick snake oil salesman's attempt to confuse the American people and gain support for a huge domestic social spending agenda. That and to insure his pre-determined socialist plan to slip his destructive socialist agenda by the American people and force his spendthrift deficit spending through a willing Congress before anyone noticed. If spending becomes an investment in America's "future" how can lots and lots of it be a bad thing? You may want to refer to Keynesian economic theory for a answer to that one. Then ou will undoubtedly want to check ut Hayek's more rationa...

While this video classifies as a sound bite the numbers are real.  The fiscal direction our country is heading under President Obama is towards more fiscal insanity.  There are many area's that need be looked at and cut beyond just those mentioned here. Neither the Obama administration nor the Congress has the b*lls to address the real problems. So forget about them actually trying to fix them. Just like the last lost administration. You be the judge.

By: Les Carpenter III Rational Nation  USA This past Wednesday Democratic Representative Gerry Connolly demonstrated the absurdity of the progressive party's thought process with respect to budgets and fiscal matters.  Federal Reserve Chairman Ben Bernadine showed just how easily it can be to disarm such progressives in the following video. Connolly is essentially saying Republicans don't have open minds because they favor deficit reduction but want to keep revenue issues (taxes) off the table.  This has been the Republican mantra for the last ten years, even when the Republicans controlled congress and the deficits rose steadily. Yesterday's post here at Rational Nation USA covered why we have experienced growing deficits and the Republicans , as well as Democrats responsibility for them.  The Exchange between The Fed Chair and Connolly: CONNOLLY: I’m telling you, they don’t have an open mind....