November 14, 2018, 07:50:58 PM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: NEW CHILD BOARD CREATED IN THE POLITICAL SECTION FOR THE 2016 ELECTION
 
   Home   Help Login Register  
Pages: 1   Go Down
  Print  
Author Topic: Obama Predicts Nation's Bankruptcy! (not from a tabloid)  (Read 1234 times)
0 Members and 1 Guest are viewing this topic.
WhiskeyGirl
Monkey All Star Jr.
****
Offline Offline

Posts: 7689



« on: December 17, 2009, 10:05:35 AM »

Mr. Obama has a rare gift.   

He threatened that unemployment would go over 8% if Congress didn't pass his leviathon recovery and reinvestment pork stuffed bill.  He predicted all kinds of bad things would happen... 

Congress passed the bill, there has been no recovery, lots of questionable spending, and really bad things happened, and they happened on steroids.

Yesterday, Obama predicted that if Congress didn't pass his mystery healthcare reform bill, that the nation would go bankrupt!!!   

Bankruptcy is already on the way, thanks to all the spending.

Mr. Obama verbalizing the bankruptcy, ensures that national bankruptcy is a sure thing -- no way to avoid it.

It's part of the Obama genocide for America.  jmho

Everytime Obama, Biden, or others say we have to keep spending money or we'll go bankrupt, what they are really telling the nation, is that we have to keep spending so that bankruptcy is assured. 

Is there any historical case of someone spending their way out of bankruptcy?  Spending more to avoid a tsunami of debt?

The goal seems to be destruction of generations of hard work and savings.  Destroy the retirement of millions of Americans, unless you are a government or union worker.  Non-union folks, working tirelessly, will be sacrificed to ensure these others are taken care of.

There is no hope and change.  We're left without hope of better days ahead, and the only change is toward institutional racism, discrimination, and guild and secret socieites that keep people out, destroy the opportunity that was the dream for generations of Americans.

Mr. Obama may not understand his gift.  What are the results of all his spending?  Debt, more debt, job loss, unemployment, and the destruction of the American dream.

It's the anti-American administration in action.


No jobs for Americans.  No prosperity.  Nothing but debt.

just my opinions
Logged

All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
WhiskeyGirl
Monkey All Star Jr.
****
Offline Offline

Posts: 7689



« Reply #1 on: December 17, 2009, 11:06:41 AM »

Obama's promises -

Quote
“If we don't pass it, here's the guarantee….your premiums will go up, your employers are going to load up more costs on you,” he said. “Potentially they're going to drop your coverage, because they just can't afford an increase of 25 percent, 30 percent in terms of the costs of providing health care to employees each and every year. “

New Jersey, on the state insurance site, has a chart of premiums.  It's a community rating scheme, much like what is proposed in the many 'reform' bills.  There were family premiums of $2,000 to over $10,000 PER MONTH for this deluxe coverage. 

Where are the families in New Jersey that pay these kind of rates?

Quote
The president said that the costs of Medicare and Medicaid are on an “unsustainable” trajectory and if there is no action taken to bring them down, “the federal government will go bankrupt.”

What exactly is the president going to cut?  I recall he's said something about eliminating waste, fraud, and abuse.

Can't government do this without creating more rules and regulations? 

Isn't eliminating and PREVENTING waste, fraud, and abuse a NO-BRAINER?

Did Bush miss the brain?  Obama still missing the brain?  Where did the brain go?

Quote
“This actually provides us the best chance of starting to bend the cost curve on the government expenditures in Medicare and Medicaid,” Obama said.

Applying the Obama gift of prediction, this ensures that the Medicaid and Medicare systems will go broke/kaput/bankrupt.  Based on past predictions and actual results...

Quote
Obama told Gibson that anybody who says they are concerned about the rising deficit or worried about tax increases in the future has to support this health care bill.


Based on the Obama prediction model, steep tax increases, deficits, and destruction of the dollar is ensured.

The last nail in the dollar's coffin?  The Obama suggesting that Americans should go abroad and search for work.  The $10 daily wage of a Chinese worker will look like today's Goldman Sachs and Wall Street wages compared to what Main Street Americans of the future make.

The Chinese, iirc, save $5 of that $10 daily wage.  In American, years of savings will be destroyed, wiped out by inflation.  The Obama predictive model in action.

This is also a  prediction that Zimbabwe currency will look good compared to the future of the dollar.  As more Americans seek safe havens for their savings in other currencies, Obama ramps up the tax folks to find these people who care about the future of their hard work and savings.

Quote
“Because if we don't do this, nobody argues with the fact that health care costs are going to consume the entire federal budget,” the president said.

Spending for pork projects, slush funds, fraud, waste, and abuse is assured - it's all based On the track record of the Obama predictive gift.

http://blogs.abcnews.com/theworldnewser/2009/12/president-obama-federal-government-will-go-bankrupt-if-health-care-costs-are-not-reigned-in.html

No jobs for Americans.  No opportunity and prosperity.  Just more debt and collective bargains units.

jmho
Logged

All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
WhiskeyGirl
Monkey All Star Jr.
****
Offline Offline

Posts: 7689



« Reply #2 on: December 17, 2009, 04:41:24 PM »

On the other side of the pond -

Quote
Berlin - Germany's Chancellor Angela Merkel urged Greece Thursday to try harder to fix its enormous public deficit.


Quote
Speaking to the parliament in Berlin, Merkel said, 'Each member state has a responsibility to keep its public finances healthy. That is a pre-condition for long-term growth for all in Europe.'

Merkel pointed out that Berlin's total public deficit this year would be 'about 3 per cent,' saying Germany was a leader among EU nations in keeping its deficits moderate.


Why isn't the Obama administration focused on keeping the US public finances healthy?

Why is the debt being ignored and growing? 

Will there be another stupid moment in the near future? 

'We didn't know the dollar would collapse...leading Obamacrat economists said...we have to keep spending to raise the dollar...'


Read more: http://www.monstersandcritics.com/news/business/news/article_1519755.php/Merkel-tells-Athens-to-try-harder-on-economic-crisis#ixzz0Zz6sVhQX

What is the US debt?  100% and rising?
Logged

All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
WhiskeyGirl
Monkey All Star Jr.
****
Offline Offline

Posts: 7689



« Reply #3 on: December 17, 2009, 04:44:28 PM »

Quote
The IMF has serious doubts over whether Greece's projected deficit for this year, which was revised from 6 to 12.7 percent, is in fact realistic - or whether it is actually much higher. Government officials in Berlin and Germany's central bankers in Frankfurt share this view, and some of them even see the BBB+ rating as "almost flattering."

According to the standards applied to private individuals, Greece would already be insolvent today, despite the fact that it has continued to service all its debts. This is due to the enormous outstanding debts that government agencies and ministries have in the private sector. These claims amount to over €10 billion ($14 billion) and the Greeks owe over €2 billion to German companies alone. Taking these sums into account would cause the Greek deficit to rise even further.

The US debt is TRILLIONS AND RISING.  Who's going to bail us out?  SEIU?

http://freeinternetpress.com/story.php?sid=23887

If the US was a small bank on Main Street, would the Federal Reserve have closed it?
Logged

All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
Pages: 1   Go Up
  Print  
 
Jump to:  

Use of this web site in any manner signifies unconditional acceptance, without exception, of our terms of use.
Powered by SMF 1.1.13 | SMF © 2006-2011, Simple Machines LLC
 
Page created in 6.929 seconds with 19 queries.