Rational Nation USA

by: Les Carpenter Rational Nation USA Liberty -vs- Tyranny Not surprising really. The nation continues to struggle with unacceptable levels of unemployment under President Obama's economic policies. Making matters even worse  the President's own budget projections has deficits continuing and the national debt continuing to grow . PRINCETON, NJ U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December. The 0.5-percentage-point increase in February compared with January is the largest such month-to-month change Gallup has recorded in its not-seasonally adjusted measure since December 2010, when the rate rose 0.8 points to 9.6% from 8.8% in November. A year ago, Gallup recorded a February increase of 0.4 percentage points, to 10.3% from 9.9% in January 2011. In addition to the 9.1% of U.S. workers who are unemployed, 10.0% are working part time but want full-time work. This per...

How refreshing it is to see our President working hard on addressing the national debt, the ballooning annual deficits, and freezing spending. All at the same time he is handing out billions more in "essential spending" (my words). The President is to propose a 3.8 trillion dollar FY 2011 budget and at the same time projects the deficit will increase to a record high of 1.6 trillion dollars. However, not to worry as by 2013 the red ink will be stemmed the deficit will only be 700 billion dollars, or 4 percent of gross domestic product (GDP). But just one minute, it is only to begin rising again in 2018. And just when I thought the architect of Obamanomics was maybe on to something. The plan sounds to me like more gimmicks and lies. With 106 trillion dollar in unfunded liabilities, a 12 trillion plus dollar national debt, and continuing deficits for as far as the mind can grasp, this sound like insur...