Tag Archives: DEBT

GREATEST DEFAULTS TO COME – REVOLUTION BREWING

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Union thugs are manning their posts, ready at an instant to levy ISIS type destruction on their enemies; innocents will also suffer. From Chicago to Hartford to cities in between, budgets are being busted at a rapid pace. States suffering from largess include Illinois and Connecticut; sooner or later they will face the unthinkable! The “B” word. Vengeful state unions are arming their members with vitriol diatribe. When layoffs occur to the union legions violence is a given.

Pensions and benefits layered on year after year are now so heavy that many states and cities cannot afford the old paradigm of tax and spend. Taxes are driving more of the productive to greener pastures thereby exacerbating the problem. Florida, Texas, South Carolina are reaping the benefits. Just yesterday it was noted that 10,000 millionaires left France for greener (means no tax) havens. Many have seen this smoldering fire burning for a while, but have ignored it; rating agencies are now lowering bond ratings of socialist city/states because of lower revenue expectations. There is only one way out of this mess, if not taken, we are looking at state and city wastelands, akin to the favelas of Brazil.At times Rio de Janeiro has utilized troops to temporarily occupy favelas such as seen here in the Complexo do Alemão during the 2008 municipal elections. This is the exception rather than the rule however, particularly with the establishment of permanent community police forces (the UPPs).

Click here for the Deadly Summer awaiting Chicago. It ain’t gonna be pretty folks. “I saw a man stabbing his wife in Chicago, its my home town.” Most of those growing up want to be “killers.” Passed down from father to son. 

Never think that this can’t happen here; we are not an island until itself. Lying politicians using deceptive words have sucked the life blood out of cities and states with abandon; not to mention the 100 trillion dollar debt of Uncle Sam. The bottom line here, if there is one, be prepared for mass exoduses from Blue States to Red States – with Blue State implosions the military will be called in to quell the violence. Rabid dog populace will no doubt be on the lookout for red meat snatching and burning anything left in their path. The United States can print all the dollars they want, but will the rest of the world accept them? Socialist evil dwellers such as Chavez and heir Maduro promised more than they can deliver. The flames of revolution are brewing higher by the day, citizens looking for politicians blood because they have gone back on their word or stepped on too many when vaulting to the top spot.

HEADS- THEY WIN; TAILS-WE LOSE- by MICHAEL OBERNDORF

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Heads – they win; tails – we lose

 

For over 20 years now, many conservatives have asserted that there is no difference between the two parties, that the Republicans and the Democrats are two sides of the same coin. Michael Reagan said one day on his radio show back in the mid-1990s that the difference between Republicans and Democrats is that it takes a Republican about three weeks longer to become a communist. The only thing that has changed since then is that they have added fascist and Islamic jihad apologist to the mix.

 

Those of us who have not suffered severe blows to the head recall that when Gore and Kerry ran for president, Democrats made a huge issue of the national debt. Obama stridently insisted that the debt under Bush was “unpatriotic”.  In 2001, the debt stood at a whopping $5,792,000,000(that’s five trillion, seven-hundred ninety-two billion) which amounted to 54.8% of our total gross domestic product (GDP) at the time. However, since then, the Democrats, with the willing help of the Republicans, have increased the debt to $18, 138,000,000 (that is eighteen-trillion, one-hundred thirty-eight billion), with an added ½-trillion just since the last Republican cave on the debt ceiling only a couple of months ago. This now is 101.7% of our total GDP. In other words, we now owe more than we produce. We seem to be competing with Greece and Spain. We are being driven toward economic collapse by the members of both parties in our own elected government.

 

Meanwhile, Obama and the congressional lackeys of the New World Order – this is the Big Money Donor class we hear about occasionally – have followed their instructions and cut spending for the military, forced homosexuals and “transgenders” on it, forced out hundreds of patriotic, non-leftist field-grade officers, and “laid off” tens of thousands of regular troops. What we are left with is a diminished defense capability that has many national security experts seriously concerned.

 

Now, on top of this, the above mentioned criminal cabal in Washington is in the process of finishing the forced inundation of America with criminal aliens, terrorists, and Muslims who will only obey Shariah law, not the Constitution. It will take very little to tip us into internal chaos, and thus, vulnerability to “intervention” from outside. Think it can’t happen? Think about this:

 

The chaos caused by communist rioters like Black Lives Matter and the “Occupy Movement”,      internal terrorist attacks, an out of control crime wave, and a skyrocketing murder rate becomes the rationale for Obama to declare martial law. The chaos and martial law cause the economy to collapse.      We default on our national debt payments. China, our largest real creditor decides in must “intervene” to protect its economic interests, i.e., its massive loans to us that the chaos keeps us from being able to repay, and invades us to “restore order”.

Who, pray tell, is going to stop them? Given what we’ve seen from the Washington Cabal, they will most likely order our military to aid and abet them in crushing us under the hob-nailed boot of totalitarian collectivism. And while many serving today would refuse, by then, it will be too little, too late. For you see, while Obama and his willing Democrat and Republican accomplices have been tearing down our military, China has been going full speed ahead at building up theirs (http://www.bloomberg.com/news/articles/2015-11-26/china-announces-military-overhaul-to-make-army-more-combat-ready).

 

There was a time when the Republicans were real patriots, willing to stand up and speak out, to take action to stop those who would destroy America and our way of life, men like Ronald Reagan, Barry Goldwater, Dwight Eisenhower, Strom Thurmond, Jesse Helms, and Joseph McCarthy. There are a few in Congress today, but only a few. Money appears to have nearly totally corrupted the system, leaving almost no one willing to live up to their oath of office to protect, defend, and obey the Constitution, the Constitution which requires them to provide for the defense of our country and her citizens.

 

If the Age of Miracles is indeed not over, and a major miracle happens that allows us to make it to November, 2016, without a descent into chaos, and the Washington Cabal doesn’t commit massive election fraud, it is a virtual certainty that either Donald Trump or Ted Cruz will win the presidency in a landslide. If we can also give them a genuinely conservative House and Senate by electing a majority of representatives like Trey Gowdy and a majority of Senators like Mike Lee, we just might be able to avoid going over the edge, and return America to her former greatness. If not, I feel really, REALLY sorry for our children and grandchildren.

PUERTO RICO THE SOCIALIST PARADISE OF THE CARIBBEAN DROWNING IN DEBT

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The Greek debacle has been the focus of late on its on again-off again debt restructuring, but that doesn’t mean that the troubles in Puerto Rico are playing second fiddle. Puerto Rico is on the hook for close to $100 billion. That is a boat load of pina coladas. SoBe Smooth Pina Colada Drink - 20-Fl. Oz. Bottles (Pack of 12)Just in case you haven’t been initiated in the Puerto Rico way of doing business we bring you their number one life saver, welfare and social security.  Puerto Rico is a disability fraud paradise. The top 10 U.S. zip codes tied to people receiving disability benefits, nine are in Puerto Rico. Flag of Puerto Rico

The sharks are circling the waters in the hope of default if and when it happens. The rich island has a dark journey ahead, tourism is in the tank, the economy is in a perpetual depression, drugs are rampant and most of all the government will not do what needs to be done; cut bait.

But Puerto Rico is part of the United States and is a metaphor for liberal bastions like Illinois and Connecticut, both drowning  the sea of debt. Utmost on the minds of the Puerto Rican is not the rising sea levels, but their share of the islands IOU’s. By the way, in case you didn’t notice, Puerto Rico has a population similar to Connecticut, 3,5 million or simply put a debt of $22,000 for each of its citizens. And true to form the Commonwealth’s economy has slowly reached the point of no return being sucked down by a giant whirlpool, even Captain Nemo can’t save this one.Twenty Thousand Leagues Under the Sea by Jules Verne

CHICAGO “TO DEBT DO US PART”

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The Democratic Party Machine has held sway over the Windy City for the past 100 years, from Cermak to Daly to Emanuel, parsing favors to their ward henchmen as they delivered the votes; public workers including police and fireman repeated the bounty.

Parts of the South Side” tread with caution” has been owned by gang-bangers who rule the roost. On the way to a Chavez style socialist paradise the debt explosion has smacked the “meat packing city” in the face. Ready to hit the junk bond heap they have nowhere to turn; perhaps the Mafia can bail them out. After all what do you do when the unfunded pension liability alone is 32 billion ($32,000,000,000); that is real money. Not to mention this years operating budget shortfall in the neighborhood of $300 million.

Their illustrious mayor is now in a runoff with another big mouth Democrat with the same blood running in his veins as Hugo Chavez.  As we stated on numerous occasions, socialism is the worst disease known to man, a poison without a remedy. Ask Detroit, Washington, Argentina, Brazil, Venezuela, Russia and you come up with the same answer, “we are broke” with no intent on paying our debts -ever.

Many of the things the early Democrats and union organizers fought for long ago were necessary to protect workers rights, health and welfare, but things go to far. Now the judiciary is in the act making laws instead of ruling on them. Regulators gone wild believe it is they whom can promulgate regulations if the Congress fails to do so. The country is out of control now ruled by a President who rules by decree. Sounds like Hugo, may he rest in peace, Chavez. Eventually a time will come when the “only solution will be a revolution.” That time is closer than many people think.

Click here for it takes an Englishman to tell the Republicans how to win an election.