Time is Running out on the U.S. Debt Problem

China recently lowered its holding of U.S. Treasury bills by 97%. Treasury bills are debt instruments that mature in 12 months or less.

Moody's said it would have to re-evaluate the U.S. credit rating of Aaa if there is no progress on reduction of the U.S. debt by Mid July, 2011.

The U.S. unemployment rate for May 2011 increased to 9.1% The Stimulus bill was supposed to lower unemployment to an 8% rate.

A word to the wise and our congress. We cannot keep delaying action on our debt problems any longer. Our past approach has been described as kicking the can down the road. We have hit a road block the size of the Great Wall of China and need to act now to reduce our debt. 40% of U.S. government spending is borrowed money. The interest on the debt is snowballing. Soon it will become an avalanche that will bury us and drastically reduce our economy and standard of living.

One last request of our congress: stop pointing the finger of blame at each other. There is enough blame for every democrat, republican, socialist, tea partier and everyone else. Be bold. Stop fixing the blame and start fixing the problem.

Qaddafi's Green Book On Socialism

Here is a clip of former U.S. Congresswoman Cynthia McKinney's appearance on Libyan TV. She sounds like a grade school teacher which leads me to believe she regards anyone that does not agree with her politics is juvenile. She ran on the green party ticket for the U.S. Presidency in 2008. Chronic overachiever that she is, her goal was to capture 5% of the votes. The Green Party was created for people of color. That is the politically correct term for non-white people. She said she discovered Qaddafi's Green Book on a visit to Libya. The Green Book opposes capitalism, the creating force behind modern transatlantic travel. I guess she either swam to Libya or used capitalist created jet airliners. She also liked Qaddafi's concept of direct democracy which she defined as the politically correct term for Socialism.
Ms. McKinney's only reference to the Libyan resistance movement was to say someone attributed Qaddafi's mercenary troops as black, which she said was typical propaganda that U.S. black people were used to. I never read anywhere the mercenaries were black, they were referred to as Syrians, an Arab nation not an African one.

To see the clip on YouTube just click here.

Michigan Man wins Lottery Big Time, Legally Keeps Food Stamp Card

Over 11 months ago, Leroy Fick, age 59 of Auburn , Michigan won $2 million in the state lottery game "Make Me Rich". After taxes and fees, he was left with a less than paltry $850,000. Prior to his winnings, he was a Michigan Bridge Card recipient, AKA food stamps. Mr. Fick reported his winning to his local Department of Human Services. He was advised that since he accepted his winning in a lump sum payment, it did not affect his bridge card eligibility at all. If he had taken the winnings in annuity form spread over time, the money would be counted as income, rendering him ineligible for food assistance. Apparently, there is no resource or asset limits on food assistance. I used to work as a welfare case worker in the early 1990s and there was a $1,000.00 asset limit on food stamps. This was in Ohio. I cannot imagine that the Federal Guidelines for food assistance have changed that much. How will we ever balance our budget or reduce government spending if we keep giving money away like this??
Michigan's state population for 2010 was 10,079,985. 1.9 million people in Michigan received food assistance. That is 18.8 percent of the state's population on food assistance funded by taxpayers. In 2009 the Inspector General's office investigated 2600 food assistance complaints and found $5 million + in fraud. My question is how flagrant were these fraud cases if money in the bank is not fraud???

The Train to Nowhere Departing at a Leisurely Pace

Remember back to the Stimulus/Bailout/spend our way out of a recession caused by subprime lending ad nausem era how high speed trains (faster than a speeding bullet) were going to create lots of jobs and improve our infrastructure?? Well, guess what. Several states have reviewed their budgetary state of affairs and decided now is not the time to throw more money at a system that is currently losing money. So, no bullet trains for now. But wait, the state of Illinois is spending $3bn of their existing stimulus funds on adding 3 new trains to the 5 that run between Chicago and St. Louis. Not only that, the average speed of these trains will increase from 51.2 mph to 56.8 mph!!! Woo Hoo Hold on to your hats everyone!! We'll need airline pilots to fly these rail rockets!! I wonder how much more $$$ it would take to get these trains to the magical mile a minute speed of 60 mph?? 1, 2, 4 billion?? I doubt it. There would be calls for research on the effects of breaking this subsonic barrier on the environment, no doubt about it. Never mind that tractor trailer rigs break this barrier on a daily basis. To paraphrase Rahm Emanuel, Barack Obama's former chief of staff and the future mayor of Chicago, "Never let an opportunity to waste taxpayers money go to waste."

Pelosi's District Awarded 38 of 204 Obamacare Waivers in April

Quote of the Day: "But we have to pass the bill so that you can find out what’s in it…” – Nancy Pelosi, March 9, 2010, referring to obamacare

Counter Quote of the Day: "Were we directed from Washington when to sow, and when to reap, we should soon want bread."
-- Thomas Jefferson, Autobiography, 1821

The Obama Administration's Department of Health and Human Services awarded 204 waivers from obamacare in April. 38 of these went to businesses in ex-speaker Nancy Pelosi's current congressional district. The unusual part of this story is the presence of luxury restaurants, hotels and boutiques in the winner's circle. One restaurant had entrees ranging from $15.00 to $60.00, definitely not a Mickey D's franchise. Usually, these waivers go to businesses with low wage jobs such as fast food restaurants and nursing homes. Most of the 38 winners did not return calls to the DailyCaller who reported this interesting coincidence. If memory serves me correctly, Nancy Pelosi was one of Obamacare's biggest supporters and called opponents of it astroturf and Nazis. Yes, folks, Nancy Pelosi, cheerleader emeritus for the 2500 pages of pork, earmarks and bribes known as Obamacare called people who objected to the nationalized and socialized aspects of this nightmare brought to our health care delivery system Nazis. Nazis were nationalist socialist led by Adolph Hitler in WWII. Maybe Pelosi meant it as a compliment. Maybe after reading the entire act Pelosi decided it was a mistake and was discretely cheering the TEA partyers on to victory. Right, Yeah!!

gutsycall.com . . .unbelievable

On 4 May, 2011 someone purchased the domain name "gutsycall.com" at GoDaddy.com. This person(s) also bought a privacy service where the owner's name is not given but refers to a GoDaddy subsidary so the public cannot find out the true owner of the domain without a court order. When someone types gutsycall.com into their browser's address bar, they are redirected to barackobama.com. Of course, the Obama administration is denying they set up the website or bought the domain name. I'm certain there are a few fans of BHO who would do this for him. No matter who did it, BHO still has to contend with our huge national debt, high unemployment and increased states resistance to obamacare. Let's not forget the immigration issue and the crime problems on the Mexican border. If BHO thinks he can sit on the laurels of bin Ladel's death and it will turn into a magic carpet to deliver him to November 2012 with popularity he has a lot to learn. One of the best things to come out of bin Laden's death, aside from the death itself, was a recent public opinion poll. Despite the Lamestream Media's talking airheads constant praise of BHO and his 18 hour delayed gutsy call, most Americans attribute the demise of bin Laden to the combined efforts of the CIA and the US Armed Forces. It is reassuring to know that common sense is still alive and well among the American people.

Latest Revelation From the White House

President Barack Obama made the earth stand still the other day when he revealed that Osama bin Laden had a support group within Pakistan!! I was quite flabbergasted since I would never had thought it was possible. Granted, OBL did stay there for several years; granted, he was very close to a Pakistani military academy and 3 Pakistani army regiments and he was in a neighborhood full of retired Pakistani military officers. I would never have connected the dots together to reach that conclusion. Maybe I should get a Harvard Law Degree. Nope, I don't want to become a socialist and despise the USA.