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Global Economy Bursting?

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Just to show you how out of touch the American Progressive leadership is I offer the following article on ex Senator Alan Simpson. Alan Simpson was a Republican Icon for years and regarded as somewhat conservative to moderate, but at his core he is an elitist Progressive. That means they are above the fray and are ordained by God to rule as they were endowed by God with superior wisdom those of us out here in flyover country can only imagine. After all, they scored over 1500 on their SAT's and attended the better grad schools.
I want to comment on a couple of things Simpson stated in this article as evidence of the Progressive lunacy. Simpson is speaking as co-chair of President Obama’s Debt Commission.
1. His first statement is that: “I think this is the greediest generation.” Basically why he said that is the reaction he received in the form of hate mail after they published the committee’s proposals because the people demand what they were promised and refuse to give it up to save the Progressive’s sorry arses. I ask: How did the greedy people get that greedy and who made them that way? Who was it that created the entitlement mentality and actually wrote some state constitutions guaranteeing that the entitlements be paid? Who was it that created this model of currency manipulation to create false growth and the GSE’s that brought it all down? Who was it that created the SS endowment fund and then borrowed the money to buy votes with more entitlement programs? Was it Rush Limbaugh? Was it the extreme Right? Was it Glenn Beck?
2. Here is the real clinger: Simpson says we should not listen to the Rush Limbaugh’s and Glenn Becks of the World because they are nothing but entertainers. “They couldn’t govern their way out of a paper sack—from right or left.” So, the entertainers are not endowed with the knowledge required to govern but the Progressive Alan Simpsons of the World who got us into this mess and headed toward WWIII are and it is our duty as the un-endowed masses to follow their leadership? I ask you what in hell is wrong with these people’s minds. It is a down-right psychopathic mind set. We are being led into oblivion by a gaggle of psychopathic morons collectively known as the American Political Progressive class.
Al Simpson speaks out against debt committee critics, political climate
http://trib.com/news/opinion/blogs/capitol/article_7b471b72-f803-11df-8010-001cc4c002e0.html
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http://trib.com/news/opinion/blogs/capitol/article_7b471b72-f803-11df-8010-001cc4c002e0.html
 
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If you want to see rioting in this country, cut the spending programs. Tax increases or new taxes have always been the solution to every so called problem.

As the saying goes, tax the few to give to the many never works. Tax the many to give to a few always works.
 
What's happening in Europe is like seeing a slow-motion train wreck. Yields on 10 year government bonds in Ireland are now over 9%. Most junk bonds don't yield that much.

I'm sure glad the Fed can just print money here, so we can keep our house nicely in order. Too bad the states can't print their own currency - then we'd really have it made. :drinking:

:new_smile-l:
 
Lloyd Bonafide said:
What's happening in Europe is like seeing a slow-motion train wreck. Yields on 10 year government bonds in Ireland are now over 9%. Most junk bonds don't yield that much.

I'm sure glad the Fed can just print money here, so we can keep our house nicely in order. Too bad the states can't print their own currency - then we'd really have it made. :drinking:

:new_smile-l:
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Don't give governor Jerry Brown any ideas. California could pull out of this with their own currency. They can call it the Luddite. Each Luddite bill willl have the slogan: "In Unions We Trust." The value of the Liddite will be indexed to the price of an ounce of pot. :peace:
 
Buy gold and silver!!! Paper money will soon be worthless. Forget about retiring with some SS. There will be none....
 
Ireland's EU Financial Rescue Fails to Stem Contagion as Spain Bonds Slump

http://www.bloomberg.com/news/2010-...ls-to-stem-contagion-as-spain-bonds-drop.html

The bailout of Ireland failed to quite the markets with the euro, stocks, bonds all declining. The bailout was suppose to be a firewall and stop the fear of contagion. Portugal and Spain are under pressure from the markets. The nagging fear is that investors will have to take losses on the next bailout.
 
Who was it that created the entitlement mentality
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too true. Why do politicos criticize people for believing the promises that these jokers made in order to get elected? or as Bullwinkle would say, "If you can't believe what you read in the funny papers, what can you believe?"
 
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