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Nation's Borrowing Exceeds GDP

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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...

An Exceedingly Rotten Article

There's good journalism. There's bad journalism....And then there's gutter journalism. A perfect example of the latter is an article that recently appeared in the " Huffington Post". A "reporter" there took the testimony of ONE anonymous and obviously disgruntled employee of Walmart and proceeded to do a hit-job on the giant retailer. According to this employee, Walmart has track record of donating rotten produce to food banks and then writing it off on their income tax. It's absurd, folks...................................................................................................First of all, the response to the article by people who, you know, ACTUALLY MANAGE AND WORK AT FOOD BANKS says that the charges here are total bullshit. Walmart , according to these folks, always presents their donated items professionally and none of these folks have ever had a problem with the quality. Secondly, food banks just flat-out don't acce...

Obama Off To Birthday Party and Fundraiser... What The Chief Does Best

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by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs- Tyranny Flush with new money to spend on an array of new programs {or refurbished old ones} the President will soon be off to Chicago to do what he does best, party and fund raise fr his future political fortunes. A quick a quick look at the morning's breaking news. ABC News - Fresh off a bruising debt ceiling debate, and an announcement that the administration is pivoting back to a focus on jobs, Obama heads to his hometown Chicago tonight for a birthday-themed fundraiser at the historic Aragon Ballroom. Organizers expect a crowd of roughly 1000 supporters, who each paid between $50 and $35,800 to attend. The money flows to the Obama Victory Fund, a joint account for Obama’s re-election campaign and the Democratic National Committee. Guests will be entertained with performances by Chicago-native musicians Jennifer Hudson, Herbie Hancock and the rock group OK Go. The presiden...

Just Wondering Out Loud...

by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Libe rty -vs-  Tyran ny I find it amusing the left has recently started calling those who advocate the principles of limited and responsible government "Tea Party Terrorists." The Tea Party may not have all the right answers granted, but they are not terrorists. I suppose we ought to know by now what to expect from the big spenders, whether they be from the repub or the dem party. As they are really one in the same. The "Tea Party Terrorists" label so freely used at many liberal/progressive sites amounts to nothing more than political hyperbole. Of the worst and most disingenuous kind I will add. In thinking about it all I've come up with what I believe to be a more accurate labeling. One that can, and does, apply to many in both parties. Although I'm sure those that it applies to would deny its truth.                ...