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Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good

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Barack Obama has destroyed the future of America in order to improve his chances of winning the next election.  Under Obama, 5.3 trillion dollars has been ruthlessly stolen from our children and our grandchildren.  That money has been used to pump up the debt-fueled false prosperity that we have been experiencing.  When the U.S. government borrows money that it does not have from someone else (such as China) and spends that money into the economy it is going to make our economic numbers look better.  Even if the government spends that money on incredibly stupid things, it still gets into the hands of average Americans who in turn spend that money on food, gas, clothes, etc.  If we were to go back and take that extra 5.3 trillion dollars out of the U.S. economy, I guarantee you that we would be in a rip-roaring depression right now.  We would look a lot like Greece at this point.  For several years Greece has been raising taxes and cutting government spending in an attempt to balance the budget and these austerity measures have resulted in an unemployment rate of over 23 percent and an economy that has contracted by close to 25 percent.  Most Americans don’t want to go through pain like that so they are okay with continuing to financially rape our children and our grandchildren.  Just imagine how you would feel if your parents died tomorrow and you found out that they had left you with a million dollar debt that you were legally obligated to pay off.  How would you feel, knowing that you had just been sold into debt slavery for the rest of your life?  Well, that is how our children and our grandchildren are going to feel.  We are destroying the greatest economic machine the world has ever seen, we are accumulating the biggest mountain of debt in the history of the planet, and the coming economic collapse that we have caused is going to wipe out the promising future that our children and our grandchildren were supposed to have.  If they get the chance, future generations of Americans will curse us bitterly and will spit on our graves.  What we are doing to our children and our grandchildren is the kind of stuff that horror movies are made of.  You should be ashamed of yourself America.

The federal budget deficit for 2012 will be larger than the entire U.S. national debt was 30 years ago.  In 1982 Ronald Reagan was in the White House and the U.S. national debt was considered to be a tremendous national crisis.  But somehow we have allowed our national debt to grow from about a trillion dollars back then to approximately $16,000,000,000,000 today.

By the end of Obama’s first term, the U.S. national debt will have grown more than it did from the time that George Washington became president to the time that George W. Bush became president.

That is hard to believe.

Obama is going to outdo all the presidents from George Washington through Bill Clinton in just one term.


At this point, the U.S. national debt is more than 22 times larger than it was when Jimmy Carter became president.

This has allowed us to enjoy a standard of living far beyond what we deserved to.  We have stolen from the future to make the present more pleasant.

But hardly anybody wants the party to end.  Especially not our Congress critters – they are living like kings and queens at our expense.  Our “representatives” in Washington D.C. love to give speeches about being “financially responsible”, but most of them never take any serious action about the debt because the way things are working now has been incredibly good to them.

And the truth is that both political parties have been responsible.  In 2010, Republicans took control of the House of Representatives with a clear mandate to get government spending under control.  Not a single penny of government money can be spent without their permission.  But since they took control, the U.S. national debt has increased by another 1.8 trillion dollars.

At this point, this current Congress (controlled by both Republicans and Democrats) has added more to the national debt than the first 97 Congresses combined.

We expect this kind of nonsense from the Democrats, but the Republicans are supposed to know better.

Of course our entire financial system is designed to permanently entrap our federal government in an endless spiral of debt, but neither political party ever talks about that.

Sadly, the U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first created.

But we never hear about the link between the Federal Reserve and our national debt from either political party or on the mainstream news.

So most Americans do not even realize that our system is designed to create government debt.

It is absolutely disgusting.

We say that we care about our kids, and yet we are passing down a $16,000,000,000,000 debt to them.

Talk about child abuse.

Most people have a really hard time grasping how much money 16 trillion dollars actually is.

If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

And it would take you more than half a million years to spend 16 trillion dollars.

This is a debt that is impossible to pay back.  Just look at how it has exploded over the past 40 years….

In a previous article I discussed the distressing rate at which our debt is growing….

It took more than 200 years for the U.S. national debt to reach 1 trillion dollars.  In 1986, the U.S. national debt reached 2 trillion dollars.  In 1992, the U.S. national debt reached 4 trillion dollars.  In 2005, the U.S. national debt doubled again and reached 8 trillion dollars.  Now the U.S. national debt is about to cross the 16 trillion dollar mark.  How long can this kind of exponential growth go on?

If we can’t even slow down the growth of our debt, how do we ever expect to repay a single penny?

The sad truth is that we aren’t ever going to start paying down our debt.  We have gotten to the point where if we take our foot off the debt accelerator we plunge directly into a depression and the entire system collapses.  It is like a really sick version of the movie “Speed”.

Where is Keanu Reeves when you need him?

Since Barack Obama entered the White House, he has approved a whole host of measures that have been good for the economy in the short-term.  TARP, the stimulus packages, the auto industry bailout and the payroll tax cut are just a few examples.

Barack Obama has wanted to do everything he possibly can to stimulate the economy in the short-term so that he can win again in 2012.

But what about the future?

Barack Obama could not care less about the future.  He is just like so many of our other politicians.  He is blinded by selfish ambition.

Since Barack Obama became president, the U.S. national debt has increased by an average of more than $64,000 per taxpayer.

Are you willing to write a check for your share?


Oh, let’s just pass this horrific debt on to our children, right?

The path that we are on as a nation cannot go on too much longer.  The truth is that we are headed for financial oblivion.

A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.

Of course we will never get to the point.  Our financial system will collapse long before then.

Sadly, the United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does.

So why are we not like Greece or Spain yet?

Well, it is because we are still able to borrow huge piles of money very, very cheaply.

But at some point that will come to an end, and when it does the consequences are going to be nightmarish.

Historically, the interest rate on 10 year U.S. Treasuries has averaged 6.68 percent.  If the average rate of interest on U.S. debt rose to that level today, we would be paying more than a trillion dollars a year just in interest on the national debt.

And when you consider our future unfunded liabilities things get even more frightening.

According to Boston University economist Laurence Kotlikoff, the “fiscal gap” is “the present value difference between projected future spending and revenue”.  His calculations have led him to the conclusion that the United States is facing a fiscal gap of 222 trillion dollars.

And this gap is rising at a breathtaking pace.

The following is an excerpt from a recent article co-authored by Kotlikoff….

In 2007, the first year the CBO produced the Alternative Fiscal Scenario, the gap, by our reckoning, stood at $175 trillion. By 2009, when the CBO began reporting the AFS annually, the gap was $184 trillion. In 2010, it was $202 trillion, followed by $211 trillion in 2011 and $222 trillion in 2012.

But if we interrupt this debt cycle we immediately go into a depression.

We are a debt addict that will die without more debt.

Meanwhile, our national ability to produce wealth is going down the toilet.

All over the country businesses are shutting down, factories are being closed and millions of jobs are being sent overseas.

As I wrote about the other day, American families are steadily getting poorer.  The middle class is shrinking and the tax base is shriveling up.

Many Americans end up flat broke at the end of their lives these days.  In fact, one study found that nearly half of all retirees end up with $10,000 or less when they die.

So where is all of the money for servicing this gigantic national debt going to come from?

Even if Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

So what is the solution?

If we keep spending money like this we are doomed, but if we stop spending money like this we are doomed.

And debt is not just a problem that the federal government is facing.

Posted below is a chart that shows the growth of all forms of debt in the United States over the past several decades.  40 years ago, there was less than 2 trillion dollars of total debt owed in the United States.  Now there is nearly 55 trillion dollars of debt owed.  This generation has destroyed the future and has set the stage for an unprecedented economic collapse.  Shame on you America….

  • Rodster

    “So what is the solution?

    If we keep spending money like this we are doomed, but if we stop spending money like this we are doomed.”

    It’s more like, damned if you do, damned if you don’t. I think the point is, it’s all too late in the game. The patient is clinically dead. That pretty much summarizes the US economy and those in Europe. The endgame is a collapse no matter what you do at this point.

    So, I say let’s party like it’s 1999. 🙂

    • Michael

      It is frightening to think that 1999 was 13 years ago.

      Where has the time gone?


      • Michael, Re-play, Re-transmit,THIS (Oh goodness (Obi-one) has stolen $ EVERYBODY’S F’ING MONEY) with help of his Commie Fascists Marxists minions and countless other willing but stupid ignorant American participants-WAKE-UP you idiots BEFORE It’s TOO LATE!!!) message much closer to…
        I’d sing in the meantime but I can’t HOLD A darn NOTE!!!

      • k

        what an inflammtory title michael?? Dont tell me you are angry with him that he is not attaacking iran.You are much better than that.

        • k

          Its more like he stole it from the fed.

      • k

        You put so much thought into your article.

        I suggest you put some thought into why debt rose in so much suddenly.

        • k

          The real reason debt rose so much so suddenly:The Medicare part D bill or Bush’s prescription Drugs for Seniors bill is unfunded and now estimated to cost over 7 trillion over 10 years….adding on average 700 billion each year to our entitlement expenses.

          • Malcolm Reynolds

            Hmmm. a lefty attacking a republican for implenting lefty ideas.

            You idiots are never happy.

      • k

        Israel attacking iran is bad for israel too……………think about it!!

        • Gay Veteran

          Medicare part D bill? who benefited? Big Pharma

          • k


      • k

        Its ”MAD”….(mutually assured destruction)

      • k

        One of the biggest chunks of that 5.3 trillion you mentioned.

        ”The Medicare part D bill or Bush’s prescription Drugs for Seniors bill is unfunded and now estimated to cost over 7 trillion over 10 years..adding on average 700 billion each year to our entitlement expenses…We are running 1 trillion over budget…and 100’s of billions are from this one bill alone….Under Bush’s bill we have to pay 75% of the full drug price, we can not negotiate the price….Canada and Mexico can negotiate the drug price they pay and save on average 60%…Many American’s now buy their American drugs from Canada and save money..Why is our GOP giving 100’s of billions in cash to our Richest American Drug companies??”

        • Michael


          Very good point.


        • Malcolm Reynolds

          “The Medicare part D bill or Bush’s prescription Drugs for Seniors ”

          Yea, that’s the one he reached across the aisle to work on with Ted Kennedy and was passed by a (at minimum) bipartisan Congress. But of course, to democrats – ITS ALL THEM EVIL REPUBLICANS’ FAULT!

          “..Why is our GOP giving 100′s of billions in cash to our Richest American Drug companies??””

          And WTF do you think obamacare is going to do you simpleton? You do know that NOTHING is free, right?

          • Malcolm Reynolds

            “..Why is our GOP giving 100′s of billions in cash to our Richest American Drug companies??”

            Why oh Why are democrats still pushing for Slavery!?

          • Gay Veteran

            oh, so it was BIpartisan and not just those evil Democrats

          • k

            running around calling people who have an opinion different than yours as ”idiots” tells a lot about you.

            The kind of character you have. The way you have been raised by your parents.

          • Malcolm Reynolds

            Did I claim otherwise? Like I’ve said, I’m here to counter idiot leftists that attempt to put all our society’s ills on Republicans when the VAST majority belongs squarely on Democrat shoulders. Yea sparky, much to your chagrin, that includes racism.

            Do the republicans suck major butt – yea. They are inept. They are spineless. They have become the democrat party in philosophy. But are they the party of treason and subversion? hell no.

          • k

            they are a party of treason and subversion, and they are also party of big sepnders. Before, obama all the biggest spenders were republican spenders. And how much you wanna bet that romney will increase spending even more.

            And dont try to call me left wing. My comments are far more neutral than the obvious right wing bias in yours.

          • k

            And dont think i blame only repubs, obama and democrats are equally responsible for continuing the medicare part D, iraq war, tax breaks, welfare spending etc. Many of previous comments indicate this.

            But you, blame only one side…democrats for every thing.

    • Dave

      Damned if you do, Damned if you don’t. If we do not stop and take action now, then it makes it even worse everyday that the time line moves out. That is the problem…. The meat heads in charge now have had that “not right now” additude. When is it going to be “The right Time” to act?? In thinking that it doesn’t matter anyway additudes, is in keeping with the same thought process that has gotten to this point. People need to start the fix it process as soon as possible. The first step should be to change the peoples thought process from “it doesn’t matter now anyway” thinking, to it does matter thinking.
      Of course that is only my humble opinion. But the road to a solution will start with the first step of people saying that it does matter……

      • Gay Veteran

        Malcolm: “Do the republicans suck major butt – yea. They are inept. They are spineless. They have become the democrat party in philosophy. But are they the party of treason and subversion? hell no.”

        typical eliminationist rhetoric from the right-wing

    • Jodi

      There is no solution, we are in trouble.

    • bobbobbob1

      the solution is tax corp. exporting jobs and give tax credits to corps creating jobs here. but u dont know what a tax credit is. so got dental ins.? see u in med school as a cad

    • JustanOguy

      I agree… I just told somebody this the other day. We can either have a slow death or just Party Like It’s 1999 and Get it over with.

      Either way… the Debt Spiral is already on and it’s not going to get paid back.

  • Barn cat

    No, again no, Obama hasn’t stolen that money from our children. It’s only a matter of time before we have hyperinflation, the dollar is worthless, and the government defaults on all those unfunded liabilities.

    • doug

      That’s the silver lining in all of this, that the generations who spent all that money might actually have to feel the pain they created instead of shifting it to the next generations unscathed. Daniel Amerman has a great website showing that the biggest losers are retirees, because as inflation increases dramatically, they have fixed incomes while the younger who do have jobs can have their wages adjusted. Everyone gets hit but the elder generations the worst. That would be karma. Nothing chaps my behind worse than spending our kids futures. It is UNFORGIVEABLE, and any pain the elder generations face as a result is entirely appropriate!!!

      • JustanOguy

        @ Doug,

        Agreed! That’s why I would rather get it over with now so the people responsible for this mess get to feel the pain the most.

        And it’s the ones that spent and not saved that are going to get hit the worst. Which ironically, are pretty much the same ones that kept anything from being done when there was a chance that something could be done to avoid the collapse…

      • Malcolm Reynolds

        SS happens to be indexed for inflation.

        Whats scarier are these little bastiches. Govt debt that’s indexed for inflation. THESE damned things are a hand on your head holding you under water.

        • Gay Veteran

          “SS happens to be indexed for inflation.”

          inflation as determined by the government, which is NOT the real rate of inflation

          • Malcolm Reynolds


      • Vicky

        “The generations who spent all that money”???? Like we had any input! As a very poor, divorced mother of a young child, I didn’t get food stamps, help with housing, tax breaks or any help from, or cost to, the government. I also didn’t get child support because those laws weren’t enforced back then. I worked two, and sometimes three, jobs for $1 an hour, because that’s what they paid in the south for female workers who weren’t teachers, nurses or hookers. I have arthritis to show for all those wonderful days, not a history of piling up debt for your spoiled generation while I enriched myself. I get to try to live on $757 dollars a month from social security. I do get a $12 a month pension from one of my esteemed employers, but who knows how long that will last. Tell me again how I gamed the system!!! Just like today, WE, the people, don’t have any pull unless we’re already rich and well-connected. Not my fault….

      • Sofia

        You have no idea what you are raving about! The elder generation worked hard and earned what they have while the elitists planned this whole economic meltdown.

        Blaming this mess on people who obediently played by the rules of the day is like blaming a woman getting raped on her style of dress.

      • Louise in MO

        Well, Doug, isn’t that nice of you to throw grandma and grandpa under the bus!

        Before cable news and the internet I had NO idea things were this bad. I did not major in economics, you see. No one came to my door explaining what was happening!

        I wen merrily on working for 40 years and paying my social security, as my employers also did. It’s not seniors who are to blame it is the federal government who robbed SS funds and used them for their pet projects.

        Perhaps the govt. could stop paying for abortions, illegal immigrants freebies, welfare gamers, stupid non-sensical studies, grants to colleges who are indoctrinating our young adults to the glories of socialism, etc…..I’d start there.

        Like the President, there should be TERM LIMITS for Congress and the Senate. Many of them are suffering dementia and alzheimers and they are still in there.

        I payed good attention to last weeks Republican Convention. I picked up on how many times “we must sacrifice” a dozen times.

        I say give Romney a chance and see what he can do, if anything. I don’t think he’ll lie, gloss over, and spend money like a drunken sailor. I don’t think he golfs and since he doesn’t drink I doubt he will be throwing lavish dinner parties every week.

        My grandparents and parents lived through the great (what was so great?) depresstion, and I guess we can do so also. I don’t thik it will be the elderly who complain; I think it will be the young with all their tech toys and tools.

        Riots are started by the young not the seniors. And it will be them again! If you are preparing, include bars on your windows and a sturdy steel door!

  • Shamaka

    “…The Debt will fall to your children and grandchildren!” For a lot of people they wont care because they dont have kids/dont want to have them and complain about families getting tax breaks. For many they have aborted potential offspring so their kids wont be paying either. I’ve met plenty of American tourists and many will say so what “well just print more money to cover debt ’cause its all in US dollars and most of them dont have kids. I’ve heard them say “(Obscenity) ’em, I’ve carried them with my hard earned taxes for years. (esp. from the baby boomer generation) “Anyhow, by the time anything happens, the aliens and muslims Obama/Bush, etc lets in will have to pay” which is fine by them.

    • jayjay

      Tax breaks?? What’s there to complain about?? You mean the lady who had a car accident, suffered a little back injury, is on disability, plus her child gets a monthly check while husband has a 40 hour a week job?
      Oh, the lady getting disability for hurting her back in a car accident that got $8000 last year for EIC, earned income credit, and didn’t work a day of that year??
      These are some of the problems–I wasn’t placed on earth to support someone else and their children.

      • Malcolm Reynolds

        Or that pervert that was in the news recently who’s a skilled carpenter but chooses live his life in a diaper having his b!tch slap him around and calls it disability so he can collect a check from us.

        • Gay Veteran

          life in a diaper? sounds like a certain Republican senator from Louisiana

  • Bart

    Unfortunately, nobody from both parties are willing to cut the deficit.. Even the hypocrite Paul Ryan who in the past said he will cut the deficit is now unwilling to cut the defense budget, subsidy to the big oil and now he is saying he is keeping medicare as it is just to win the senior vote.. Our country is doomed with dumb and retarded parties in control!

    • Rodster

      Yeah I laughed at that when I read the excerpt from his speech earlier today. He’s a typical politician who once he taste power is no different than the one he’s trying to replace,

      Michael wrote an article on his other website which was about Obama and Romney being one and the same.

      Nope unfortunately the two party system is nothing more than Diet Coke vs Diet Pepsi these days. 😉

    • Louise in MO

      Well, Bart, if you had realy paid attention to Paul Ryan’s Medican plan, it deals with keeping Medicare as is for those 55 and over and a different plan for those under the age of 55.

      Since he was chosen to be VP he has stated MANY times that Mitt Romney is the one who will make the policy not him.

      It appears to me in this campaign season that when there is no scandal (usually sex scandals, bribes, etc. that the dems and liberals can use they just plain out LIE about the Republican candidate. There is no such thing as decency and honor in the left leaning population.

  • Mattyboy

    No-one really cares. It may take years for a depression. Keep prepping and keep doing what you need to do to survive the coming months or years. Trust God, drink water, and carry a big stick.

  • A.S.

    The U.S. should start by ending all the ABC agencies. Then freezing all raises on every government employee at all levels. Then bring back all the troops home. Then cut all welfare programs. Then tax heavily every U.S. company operating outside the U.S. Maybe do these in a different order, but at least all of them within 3 months. If riots break out, allow private citizens to protect themselves and property. Maybe massive riots and depression is needed to stimulate a U.S.-wide revolution. We are headed to a collapse anyways, well maybe the sooner it happens, the sooner we can begin to heal by making a new system.

    • Michael

      Good to hear from you A.S. 🙂


    • Alasha

      “Then cut all welfare programs” mmmm then what happens 2 all those ppl – most who r women and children?

      • Malcolm Reynolds

        Charity kicks in and/or the states take up the slack (as it should be).

        Even the worthless NY Slimes agrees that charity barely ‘survived’ the New Deal welfare state and LBJ’s Great society almost killed it – on top of what that horror show has done to Blacks in the country.

        EVEN on top of that, Americans are the most generous people on Earth. You know that after 9-11, Americans gave over a billion dollars in charity to all the causes surrounding that.

    • WM

      Good comments, and a logical solution to start with.
      We need to resurrect the “militias” spoken of in the 2nd, and we need people who are willing to defend the Constitution of the USA to get anywhere near a public office.

    • Louise in MO


      Well said; I agree!\

  • Washington

    That is not all. He built infrastructure to watch every American, because liars and thief’s are always paranoid!

    The NSA Is Building the Country’s Biggest Spy Center (Watch What You Say) By James March 15, 2012

    Congress Looking Happy to Reauthorize Broad, Secret Spying Powers By David Kravets May 31, 2012

    Published on May 21, 2012 NDAA Shot Down, But Threats Remain – David Seaman

    Fact Sheet – Unmanned Aircraft Systems (UAS) For Immediate Release December 1, 2010

  • Tim

    Everyone should take 5 minutes to watch the video at the link below. It explains why we’ll probably never again have a balanced federal budget.

    • Barn cat

      It’s even worse than that. It doesn’t address the $5.3 trillion in unfunded liabilities for this year alone or the estimated $60 trillion – $200 trillion in total unfunded liabilities.

    • Rodster

      I saw the video but had figured it out before watching it. Ryan is now promising Medicare to his parents, kids and grand kids. So it’s business as usual which is why the house of cards will collapse.

      Politicians on but sides of the eisle just don’t get it.

      • Louise in MO

        Rodster……he promised Medicare, but he did ot promise how it would be handled. Only promise made….no difference for those 55 and older.

        Personally, I wish I was younger than 55; I could make better decisions then the federal govt. makes.

  • markthetruth

    Like i said before “We are addicted to stuff” and that Stuff has to be convenient,and do our daily activities for us . So what do we do , We create nothing that is a necessity to to live. And doing so we are destroying the planet and will suck every drop of oil out of it just so we are not inconvenienced.

    We are:

    Selfish , Lazy and Animals that in the end will kill each other to survive.

    We need Food, Water, Shelter, and your Family

    But we have Iphones, Oil, Estates, and Nannies,Baby Sitters, and Divorce.

    the end.

    • Mr Neil

      We are NOT the same as animals, we have sovereign rights as humans

      Our self appointed, would be care takers want to promote the idea that we are just like animals, they will have a lot to answer for some day and so will you for being their mouth piece.

    • Malcolm Reynolds

      ” We create nothing that is a necessity to to live”

      oooh ooh. Ima pop some corn really quick and then would care to expand upon that lil gem please?

  • Washington
  • mark

    Other than taxpayer debt we owe zero to anything. We have lived below our means for a long time. This has allowed us to help others in need. We could afford to go on fancy cruises and other trips, but we choose to help others. For that matter I have never gone on a cruise. I do sometimes go crabing on my friends boat, ha I guess that is my cruise. We grow a garden and give away a lot of it. I would prefer not to talk about some of the things we do for others, but I feel the need to use some examples that consertives do feel for others in need. We had for the last year an 88 year old friend live with us as she only had about $1,000 a month to live on. We have sent money every month to my wifes parents, then her brothers and sisters after they passed on. We donate 10% to our church and also give more to feed the poor. We could list other donations and time spent in the service of others, but why bother. Some of the socialists out their will still make me out to be a jerk if I suggest a cut to the welfare state. The point I suppose that I am trying to make is that on many posts to this and other blogs that Michael runs, I post that the taxpayers are not responsable to pay for all of this welfare. Every dime of welfare is borrowed money. I state that we should cut back on things that we can do without like electric scooters for medicare folks or why should we pay for sodas with food stamps. When someone suggests a cut ,they are called nasty names or cussed at. This system of government was never meant to be a welfare state. Our Founding Fathers had the right way for people to prosper if they worked and had some common sense. I am sorry to say that some people will always live in poverty as they make poor choices for whatever reason. They spend beyond their means. Our Country has lost the common sense and too many people demand a free lunch that someone else pays for. We have promised pensions that can’t be paid to public empolyees. The sad thing is that very few are willing to take a cut themselves, let the other person take the hit.

    • A.S.

      I agree, as seen by my post above.

    • Louise in MO


      You live an admirable life! Others should do the same. Would this country not be transformed if we all did?

      God bless you and yours.

  • Non-Partisan

    Michael, your articles are usually level-headed and balanced. I can read between the lines that you are a God-fearing man, which I respect highly.

    However, with this piece, I sense an unusual elevation of emotion. You, of all people, surely know that had McCain been elected, our nation would be in the same position that it is now. This is so much bigger than Republican vs. Democrat. I expect this kind of partisan bickering from the sheeple, but not from you.

    Yes, you acknowledged that Republicans “are supposed to know better” and that they have done nothing to stop this outrageous borrowing and debt-spending. But reading this piece makes it clear that you tilt the blame towards Obama. I understand the frustration, and I know it’s easier to attach a face, person, and party to the problem to direct anger at. But the reality is far more complex (as I’m sure you know internally). Republicans are bought and paid for by the too-big-too-fail banks and corporate lobbyists, just as much as the Democrats.

    I submit that what we, as the few that have read the writing on the wall, have an obligation to elevate our discourse above the “Democrat” vs. “Republican” hysteria that is tearing our country apart.

    Let us be uniters, not dividers, please. God is not red or blue. We are all lost and in need of grace.

    Best wishes, and thank you for providing this site. It has helped open my eyes (hopefully) in time to prepare for the gathering storm.

    • Michael

      Yes, we are all most definitely in need of the grace of God.

      But just because I criticize one guy (Obama) that does not mean that I am building up anyone else.

      The Democratic Party is a complete and total failure as is the Republican Party for the most part.

      Anyone that reads this site for an extended period of time knows that I am not playing the Red vs. Blue game.


      • Gary2

        michael–you always slam the dems and hardly ever slam the repubes. You are so biased it is hard to read your posts with a straight face, however, I do find your site entertaining.

        I honestly thought you did not believe the right wing crap and were just leading the fools on who keep posting crap but now I am not so sure…

        • Michael

          I thought I was pretty hard on Republicans in this article too.

          But I never said that I was “in the middle” or that I would treat everyone equally.

          In all honesty, I believe that Obama and more than 90% of the members of Congress should all immediately resign in disgrace.

          So I wouldn’t say that I am really cheerleading for anyone.


          • Malcolm Reynolds

            According to the likes of Gary, if you are screaming RACIST or GRAMMA KILLER at the top of your lungs every time you mention a republican, then you’re cheerleading. There’s really no need to negotiate with clowns like him. Let him slither back under the DemocratUnderground rock from whenst he came.

          • grochef

            Hi Michael,

            I always look forward to your posts. Thank you! I wanted to mention that in this post you stated the O’bummer “…approved TARP,…” Actually, it was dubya:
            The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government’s measures in 2008 to address the subprime mortgage crisis. (Wikipedia)

            Keep up the great writing!!!

          • Michael

            Yes, but TARP would have never passed if Obama and McCain would not have supported it.


      • Zedge Hero

        Go Green or Go Home Baby.

        Jill Stein in 2012.

        Why? cause your throwing your vote away if you vote for the black guy that works for goldman sachs or the white guy that works for goldman sachs. Anyone who tells you that your vote for Jill Stein is a throw away vote is brainwashed by the media. We have to start somewhere and it might as well be with a beautiful, intelligent doctor. So we get 5 % then 10% then change will happen and hope will appear. It might be 2020 and a few more droughts and floods later, but mother earth will not let us forget what we have doneand more will join sooner rather than later.

        On a side note I was astounded to find out that even the conservatives in Europe and around the world acknowledge climate change, but here the fact that the GOP has been able to make an international issue into a debatable agenda is not only insane but sucidial in so many aspects.

        Jill Stein 2012

        What are you going to tell your kids when they asked who you voted for in 2012? The lesser of 2 evils or the one good canidate.

        • Malcolm Reynolds

          Yea, the ‘Green Economy’ turned out so well for Spain, so lets do it here.

          Their Green fraud cost them 2.2 jobs for every one ‘created’ by the govt.

          No thanks.

        • I am with you. I will never throw away my vote on the “lesser of two evils”, ie, D/R candidates.

    • Louise in MO


      “Let us be uniters not dividers.” Sounds like it came straight out of an Obama speech!

    • Fed up

      Independent here.
      This was a splendid post. I wish more posters were of this quality.

      • Fed up

        My above post was meant for Non-Partisan and his/her most thoughtful and appropriate post.

  • Matthew

    16 Trillion dollars visualized:

    Lay down a pallet and stack hundred dollar bills on it evenly until it is about 3 and a half feet high. That’s 100 Million dollars. 10 pallets for 1 Billion. 10,000 pallets for 1 Trillion. One hundred sixty thousand pallets of hundred dollar bills. To visualize that many pallets, the warehouse I work at has 900 pallet spaces. The spaces are taller than 3 and a half feet so we’ll say 100 Billion dollars can fit into the warehouse I work at. I would take 160 of those warehouses full of 100 Dollar bills to hold our national debt.

  • Antonio Gonzalez

    “So why are we not like Greece or Spain yet?

    Well, it is because we are still able to borrow huge piles of money very, very cheaply.”

    No, you are wrong. It’s because we have 12 000 Atomic bomb, and the world can do nothing about it.

    • Malcolm Reynolds

      No, you’re wrong. We only have something like 5000 and they have nothing to do with the money we borrow.

      We are the world’s reserve currency so the world has been forced (since the system was setup during/after WWII) to use our dollars, which gives us the unique ability to ‘borrow huge piles of money very, very cheaply’

  • Kevin2

    We’re living far above our means and have been since the balance of trade went negative. Wealth is fleeing the US and debt replaced and expanded in it’s wake. The amount of debt needed to keep us going is frightening. Cutting spending significantly this late in the game this is akin to someone with terminal cancer now stopping smoking.

    • Stop The Maddness

      WOW, Most Americans are living beyond their means?
      How educated you sound! Just listen to yourself.

      Well if working 9-5 till you drop dead, (if you are lucky enough) making enough money to pay the bills, a car for transport needed to get to work in most parts of the USA. Internet connection, TV, and food in the fridge are living beyond your means, i would hate to ask what level we should all be living on?

      #1) The majority of Americans do not travel the world like Europeans do. Again I say the majority DON’T. Most Americans have put off major trips to exotic far away places like Disneyland and according to AAA most Americans are taking their Labor Day weekend no more then 50 miles or so from home.
      #2) Americans do not eat healthy, not because they just love shoving Burger Kings, grease laden fries and sugar water drinks into their guts but because high quality food costs so much more money. Try buying your family high quality organic foods and see how high your grocery bill runs.
      #3) Our automobile industry had to be bailed out or simply fail because most Americans can’t afford a new car, not even a down payment, unless it is financed.
      #3) Most Americans don’t even have a down payment for a home. Many are living back with mom and dad, or live in small apartments or rented homes.
      #4 Stores like Dollar Tree and Walmart are doing very well because that is the only place most Americans can afford to shop now a days.
      #5) Most Americans forgo annual checkups and dental care because they do not have the resources to pay for it.

      If you have been brainwashed into thinking Americans have it so much better then Europeans, it’s because the GOP has sold you and your family down the river for years.

      The list could go on and on how Americans are so called living far beyond their means.
      I would love Michael to, if he hasn’t already done so already, write his next article on How Americans are living so far beyond their means by comparison to other developed nations. His story might shock you into reality mode.
      Most Americans would be shocked to find out that the European work week is much less hours, the retirement age is much lower, education and health care are provided. Their vacation packages, sick time and family leave time off from work would stun most Americans.
      Did you know that Most Europeans travel on vacation not 50 miles from home but to exotic countries like Egypt, Singapore, Australia, etc. Ask your fellow workers when was the last time they traveled outside the United States, the answer might surprise you.
      People get real, Americans do not have it better, we are rapidly becoming a nation of majority poor vs the minority of wealthy, like other undeveloped nations. If we continue down this path not only will we all be living well above our means, we might even get a salad or two into the fridge on top of it!
      You might be tempted to blame this all on Obama, so it seems, but in reality Obama and the Democrats and their policies brought it to light of just how poor the majority of Americans really are and it has shattered most Americans and the rest of the worlds illusions about our so called wealthy American lifestyles we all live.
      Or you can continue to drink the cool-aide and continue to believe that we live beyond our means, highly enriched lifestyles more so then most countries and that you too can become rich and famous, dancing with the stars.

      • Kevin2

        Stop the Maddness:

        “We’re living far above our means and have been since the balance of trade went negative.”

        Read what I wrote not what you THINK I wrote.

        If we continued to live within our means as the manufacturing base of wealth creation fled the standard of living would have dramatically dropped in live with the loss of productive capacity. That would have awakened a political sleeping giant. It did not happen because of the influx of debt both public and private that lulled that political giant into a nice long nap: Hence my point, “have been since the balance of trade went negative”.

        However were living be it rich or poor is complements of the influx of money far above our productivity. The ENTIRE US is living several Trillion Dollars above it’s means. Pull out that deficit spending we been running for the last several decades and you will be shocked at what we truly can afford.

        When this stops (and it will just as one plus one equals two) you will see just what our collective and therefore individual means are.

      • Kevin2

        Stop the Maddness

        Make no mistake that one did not need to individually borrow to be part of the “living beyond your means”. I speak of living beyond your means in totality. If your the building trades and earned an income from others debt when they financed construction of a home at an economically false lower than reality of “one plus one equals two” loan you lived off of debt. When you purchased goods from those proceeds that person lived off of that debt. The 43 million on food stamps are buying groceries from money that does not exist in revenues. They eat and so do the clerks, managers, meat cutters, truck drivers, shippers and farmers that make it all happen.

      • Malcolm Reynolds

        “it’s because the GOP has sold you and your family down the river for years.”

        LMAO, And you started so strongly too.

        What you failed to mention is that Europeans have enjoyed America paying for their defense for 70 years, the entire continent is failing harder than we are due to all those expensive bennies, their medical care is led by American innovation and is sub-standard at best and and they live in hovels.

        Yea, I lived there for several years, traveled the entire continent extensively and what I saw aint no comparison to America pal.

        Dopes like you may try to blame this all on the GOP but the democrat party is trying to make us into a European failure.

        • Gay Veteran

          and both parties are turning this country into another banana republic

          • Malcolm Reynolds

            And yet you’ll continue to vote Democrat no matter what. Obama presides over the most corrupt admin probably EVER in addition to his complete economic failure. Who you gonna vote for? Obama.

            Republicans become the democrat party more and more every year. Who am I going to work and vote for? The Tea Party. Is that panacea, nope – but is it BETTER, yep.

      • Gary2

        you are 100% correct!

        • Gay Veteran

          Malcolm: “And yet you’ll continue to vote Democrat no matter what.”

          uh, no, like Gerald Celente says, I will not vote for the lesser of two EVILS

      • Louise in MO


        Are you for real? Have you not read the many articles that Michael has written in which he addresses what’s happening in Europe? Doesn’t sound like Greece, Italy, Portugal, Spain, Ireland and a few more are doing so well these days!

        Your post is an advertisement for socialism.

      • Wilson

        I went 186 miles from home, camped beside a beautiful mountain lake, kayaked, fished, ate too much, and enjoyed the fellowship of friends. It was awesome, no news, no doom and gloom, etc. and etc. I’m scanning through the comments to see if my earlier entry was censored, banned, or otherwise ignored.

  • Klean

    intense article michael. we are so completely ************* to infinity. thank you so much for writing how and why. every iphone toting, car driving, suit wearing piece of dog ********** needs to read this. thanks.

    • Michael

      I am glad that a bit of my intensity comes through in my writing.

      Sometimes I get quite passionate about these things.


      • Louise in MO

        To: MICHAEL

        Your passion is in ALL of your articles. That’s why I read them!

    • Malcolm Reynolds

      “phone toting, car driving, suit wearing”

      Because, Of course, iphones, cars and suits are the problem. LOL.

  • Matt Bogart

    So, what is the solution?

  • Billyjoe

    Fyi…….we dont ” borrow huge piles of money” anymore……
    The Federal Reserve has become the chief purchaser of US Treasuries and bonds. See how the game works. We buy our own debt.
    Cool huh?

    • JustanOguy

      Somewhat true but the Federal Reserve is not “We”.

      Precisely why I say “Up Yours” to the core of the problems in the first place.

      I don’t really care if a bunch of Banksters and Wall Streeters have to hit the unemployment lines.

  • Really?

    Well……… have pretty much summed it up in a few paragraphs.
    What is their to comment on lol. Doom and gloom either way be it now or later.I don’t think later is to far into the future.

    Why don’t we write off debt to fed reserve and abolish the central banking system…..hmmmm…….must be some kind of diabolical plan to enslave the human race?!
    Bring jobs back home to America, close ourselves off to the rest of the world, if you want to import products to us it should cost a fair amount.
    We are the consumer machine that the world envies/envied.
    It does not make since to fiscally destroy a nation like America even if you stand to make piles of cotton fiat………we as a population are EXTREMELY inept for electing decades of idiots or maybe your vote never did count , just another illusion to let the people think they have a say?!

    Most of us are drenched in common sense ,why not the representatives of our nation. Because they are paid by big industry and really they are all on the same team. If your a politician with a heart and morals and concern for the population, your going to have a career that doesn’t go far ,for instance Ron Paul.
    I myself don’t adhere to any political affiliation other than common sense. Defend your borders ( although,I think you should be able to go anywhere in the world without fear) create an atmosphere of wealth, education, health for everyone. Are the so afraid that if we all have a little something called a decent life that we won’t pull our weight?
    The whole thing is totally illogical from any angle.
    Let’s face facts your taxed for everything under the sun ( oops, shouldn’t have said that someone will get an idea for Sun tax lol) were still in an incredible debt mess, no jobs for the people, with technology,
    Outsourcing, more people in the world. Government enabling welfare , excluding the ones that need a leg up not a career recipient.
    That’s another thing some folks just need a lift once in awhile but those people don’t qualify. What a ridiculous notion to not give someone a hand when they need it most instead of going thru miles of red tape and idiotic regulations. Is it a real possibility that their is going to be an engineered collapse worldwide to start a war that is based on just ridding the world of half or more of the population?
    Conspiracy theory……I don’t think so facts point to something ominous on the horizon. What do my fellow thinkers believe?
    Side note anyone have any insight on the Georgia Guide Stones?

  • Gary2

    Even more, this year UNICEF released a report stating that the U.S. had the second-highest level of child poverty in the developed world. Only Romania ranks higher.

    No biased Michael–it is the rich and corporations that are stealing from us and our children, just like the scum bag conservatives want it. Your guy mittens and eddie munster want to further cut programs for the poor to give to the rich and you foolish low information easily led conservatives are voting for this disgrace.

    This country is in the mess it is in entirely due to the conservative immoral policies of giving to the rich at the expense of the poor and enabeling podutivity theft from the workers to the owners.

    We need to heavily tax the ************* rich and spread the wealth. We need to increase to 1950’s level taxes on corporation and the amount of gov corp paid back then as opposed to the tiny amount they pay now.

    That dog and pony show in Fl is pathetic and makes me want to vomit through my nose. What a bunch of retarded *********** those repubes are.

    • Klean


      • Malcolm Reynolds

        Can you cite for me how republicans actually dont and Democrats actually do.

        You people are one trick ponies. WELFARE. Even FDR acknowledged that welfare does nothing but destroy people. Next you’ll claim that only the democrats care about black people. We wanted to just ensure their equality and you dolts wanted to put them back on the plantation thru your liberal socialism. Yea, look what the Great Society did for them.

    • Edward

      Consider this. If you heavily tax the *********** rich and they end up paying 80% of the taxes, then will they not have 80% of the influence regarding the laws that are passed? Would they not then be able to orchestrate policies that enable them to obtain more wealth at the expense of the worker? By calling for soak the rich, you dig your own grave.

    • Malcolm Reynolds

      ala the telegraph.

      “The reason, of course, is that Unicef (and others) use a relative definition of poverty, based on a given proportion of average income. …So let’s be honest – what Unicef is measuring here isn’t poverty, but inequality.

      This report is based on a series of 14 criteria – that children get three meals a day, fresh fruit and veg, books to read, indoor games, new clothes, “two pairs of properly fitting shoes”, “the opportunity to invite friends home to play and eat”, “the opportunity to celebrate special occasions such as birthdays, religious events etc” and so on.

      Of these indices, very few are related to how much money parents have in their pocket. Even the poorest families should be able to afford some or all of these, especially with a generous government safety net. So in fact, much of what Unicef is measuring isn’t poverty or inequality, but the standard of basic parenting skills”

      The reality is that America’s poor are still the world’s 1%.

      • mike Beale

        The reality is that America’s poor are still the world’s 1%.
        Agreed. How many poor in other countries are obese, have gadgets like TV’s (and cable, video games, dvd players), cell phones, laptops, a running vehicle, a roof over their head 24/7 (section 8), free medical care (ER and/or Medicaid), ect?

        • Gary2

          you need to look at relative vs. absolute poverty. I hate to agree with Malcom but when he says “what Unicef is measuring here isn’t poverty, but inequality.” that is correct. due to the unacceptable wealth and income inequality caused by conservative policies we need to tax the rich hard and spread the wealth. Lets do it now before I go and drop another job creator in the toilet!

          Regarding Malcom being correct about one thing I guess even a broken clock is correct twice per day. So I guess broken clock-2, malcom-1; broken clock wins.

    • Scott

      “This country is in the mess it is in entirely due to the conservative immoral policies of giving to the rich at the expense of the poor and enabeling podutivity theft from the workers to the owners.”

      What conservative policies? The rich pay the bulk of the taxes in this country except your limousine liberal pals hiding in tax free foundations. I’ll bet if you went to North Korea you would blame its poverty on conservative policies too.

    • Louise in MO

      To: GARY2

      Your post reminds me of a certain place scripture.

      Jesus was having dinner with a group of people when a prostitute came in, poured expensive perfume on his feet and wiped them with her long hair.

      JUDAS said…”that perfume could have been sold and the money given to the poor.” (in other words, redistribution of wealth)

      Jesus said “the poor will always be with you; I will not be.” Was JUDAS the very first socialist?

      He went further and betrayed Jesus for 30 pieces of silver. Sounds like a member of the SS or KGB.

      It did not end well for JUDAS because when his plan failed and he realized what he had done he went an HANGED himself.

  • Gary2

    Michael–you have to know that there is no way we can ever be remotly like Grease. Just becuase you keep repeating the same biased crap over and over again does not make it any less false.

    • Michael


      I never said that we would be like Grease. You must be thinking of John Travolta. 🙂


      • uncurable wound

        LOL.Thats funny Michael
        Are we talking Greeced Lightning
        Go Greeced Lightning your burning up up another Trillion!
        BROKE-Greeced lightning!
        BROKE-Greeced lightning
        Go greeced lightning your socialisim has drove you broke!
        BROKE greeced lightning!
        We need another bail out!
        We neeed some money
        Oh BROKE greeced lightning!!!!!!
        OK MONDO Im not,But I tried
        Come on Mondo I left you Grease/greece,Oh Sandy,Beauty school dropout, etc,etc…Work those lyrical skills Brother!
        Lets hear it people!
        What about you Gary2?Love the cookie monster sign by the way!!!!You must have some kind of C is for Cookie south Chicago type of remix?
        How about some
        K is for Koch brothers,those guys I really hate…..
        Thats not bad,,,Mondo Im catching up to ya Brother….
        Either that,or Ive got to stop drinking all this cough syrup in the mornings?!
        Peace All

        • Michael

          I like it. 🙂


        • Mondobeyondo

          Incurable Wound, you’re getting there.
          “…there’s a million of us just like me
          who cuss like me; who just don’t give a [bleep] like me
          who dress like me; walk, talk and act like me
          and just might be, the next best thing, but not quite me!”

          (I stole that from Eminem. Usually, I don’t like to toot my own horn.)

          • Mondobeyondo

            Uncurable Wound. Sorry for the mistake. Sorry!
            I’ve been known to screw up every once and then. Now I’m embarassed. 🙁

            Signed: I.M.D. Walrus, Living in an Octopus’s Garden.

      • ScoutMotto

        Greece is the the the….

      • Jodi

        Haha…I like your response! Thanks for the laugh at 7:30 in the morning. 🙂

    • Mondobeyondo

      Olivia Newton-John for First Lady!! heheh.

    • 1stVArifleman

      Maybe you should take your own advice….Progressive/Socialist…who probably claims to be a Liberal. You are so far from a true Classical Liberal that you are a disgrace to the term. True Liberals are men like Thomas Jefferson, Patrick Henry, James Madison, John Locke, and Voltaire.

      All you ever say Gary2 is tax the rich and redistribute the wealth! All socialism does is bring everyone down! It doesn’t elevate anyone. The only people it would elevate is the global elite, or 1%, as you’d probably say. Every socialist system fails when you finally run out of other peoples money and the system defaults or hyper-inflates.

      Alexis de Tocqueville stated this in 1848 “Democracy [western liberal republican democracy] and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.”

      Winston Churchill came to a very similar conclusion in 1945, “the inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of socialism is the equal sharing of miseries.”

      All socialist experiments end in disaster and usually require massive slaughters to establish and maintain them as well. Whether it be the Marxist Socialism in the Soviet Union, China, and North Korea, or whether it be National Socialism in Italy, Germany, and now sadly the former United States Republic…

      Wake up people our country is truly Fascist or National Socialist!

      I’ll be the first to admit Fascism is a hard political state to define. The main reason being is because all forms of Fascism have a nationalistic element to them. Thus, each form must be uniquely individual to whatever country it is being practiced in. For example, Fascist Italy wanted to return to the glory the Roman Empire and Fascist/National Socialist (Nazi) Germany wanted to establish a 3rd Reich based on a German superiority doctrine.

      The Fascist Federal Government of the Untied States is attempting to establish world hegemony, through indirect control. Mainly based on control of the world economic system via control of precious commodities/resources, establishment of financial and corporate monopolies above the law, all backed by the threat of a US/NATO military intervention. All the while being sold to the world as this is good for us and just the modernization of the world. And, specifically being sold to the American people as we are making the world safe for us.

      However, Fascism does have common elements that it does share. Those elements are a renewal of the nation, society, and culture through a strong charismatic ‘cult-like’ leader, a nationalistic doctrine, militaristic society and police, and a combination of capitalism and socialism.

      That combination is very well described by Michael Newton in his book “The Path to Tyranny:”

      “The fascists believed in government control of the economy, directing it for the well-being of the entire nation, but also believed in maintaining private property. To create this mix of capitalism and socialism, the fascists proposed a corporatist system in which the government would organize large-scale industries into heavily regulated syndicates or corporations, but leave small businesses and individuals alone. As a result, the fascists were neither capitalist nor socialist. Instead, they tried to find some balance between the two systems. In this way fascism pretended to be populist by promising the people the best that both capitalism and socialism could offer, but the fascist actually held the people in contempt and manipulated them to gain power.” (162)

      Now if you take a second to look at the common elements of Fascism and compare them to the United States today:

      Renewal of the Nation, Society, and Culture: “Hope and Change,” “Yes, we can!”

      Charismatic ‘cult-like Leader’: Barrack Obama

      Nationalistic Doctrine: Public Schools-Media Brainwashing-the belief that the US military ‘is a force for good’

      Militaristic Society and Police: Military Industrial Complex (one of the few things we still produce). Just look at our Fascist Glorified Tax Collectors/Red Coats. It doesn’t take two seconds to find a hundred of videos of blatant police brutality and abuse of power. If they are not paramilitary than nothing on the planet is!

      Combination of Capitalism and Socialism: “To big to Fail,” bailouts for Wall Street and international corporations. Main Street: the little guy small business owner dies due to rampant inflation leaving no disposable income!

      Please wake up America, read a book, turn off your corporate TV!

      “Fascism should more appropriately be called corporatism because it is a merger of state and corporate power.”
      Benito Mussolini

      Long Live the Constitutional Republic!
      Sic Semper Tyrannis!

      Fortune Favors the Brave:
      “The time is now near at hand which must probably determine whether Americans are to be freemen or slaves; whether they are to have any property they can call their own; whether their houses and farms are to be pillaged and destroyed, and themselves consigned to a state of wretchedness from which no human efforts will deliver them. The fate of unborn millions will now depend on God, on the courage and conduct of this army. Our cruel and unrelenting enemy leaves us only the choice of brave resistance, or the most abject submission. We have, therefore, to resolve to conquer or die.”
      George Washington

      • GSOB

        Great comment…. I think anyways,

        … that you wrote,


      • Malcolm Reynolds

        OUTSTANDING POST! Bravo Sir.

  • K

    As you say the Country is addicted to debt. Withdrawal is not a pretty thing. All you hear, is retirees need to be cut, food stamps need to be cut. Never a single mention, of the huge amounts of money we waste on the military. Why do we have as many aircraft carriers, as the whole rest of the world combined? Why are we blowing billions of dollars, trying to develop a mach 20 drone? Capable of hitting a target anywhere on earth, in less than an hour. Always plenty of money, for the new weapon systems. How many of those trillions in debt went to war? We have become Rome, and we know how that turned out.

    • Michael

      We spend too much money on everything.

      I think that should just about cover it. 🙂


  • Gary2

    Jeff Faux, a progressive economist who founded the Economic Policy Institute in 1986, is the author of the new book, The Servant Economy: Where America’s Elite Is Sending the Middle Class. “The mantra, as you know, in today’s political debate is jobs, jobs, jobs,” he told an audience at EPI recently. “Listen carefully because the subtext is low wages, low wages, low wages.”

    “You go into an Apple store and you see the future,” Faux said. “The future’s not in the technology — the future of the labor force is all in those smart college-educated people with the T-shirts whose job is to be a retail clerk for Chinese goods.”

    “I think Romney and Ryan are reactionary disasters”. There is no Republican jobs plan at all.

    • John W.

      Well we know for a fact there sure wasn’t any Obama job plan unless you mean his negative job plan.

    • k

      Oh republicans have a plan…destroy obamas image, slander him for life, because he is not white and also because he is not helping the trillion dollar military industrial complex (republicans cash cow) by attacking iran.

      • Alvin

        The only one who killed Barry image is BARRY. Not even ABC, NBC, CBS, CNN and Monica Mathews at PMSNBC has been able to save him. Forget Rommney, no one will be voting for or against Rommney, it will be for or against Barry, The bankers, big corps ( like GE paying no taxes) unions, welfare lazy and government workers will all vote BARRY to keep the money coming. Yes, even the oil companies, Barry is the best friend oil companies ever had. Gas when Bush left was $ 1.70 gallon and today over $ 4.00, they love him.

      • Malcolm Reynolds

        ” because he is not white ”

        Put up or shut up idiot. I’ll put the Republican record with blacks against the democrat one any day of the week. You start first.

        ” the trillion dollar military industrial complex ”
        Nah, he’s helping the trillion dollar Healthcare, green energy, and car maufacturing industries (Democrat cash cows).

        Huh, when did republicans attack Iran?

      • Malcolm Reynolds

        Yea, hey on that Iran thing.

        Can you please tell me what the 12th Imam is.

        Can you please tell me who is a sychophantic believer in the 12th Imam.

        Can you please tell me what those believers believe they MUST do to bring about the 12th Imam’s rule on the Earth.

        Can you please tell me whether or not it matters to those believers what you think of religion, the 12th Imam or them or republicans.

        Can you please tell me what the hell the democrat party is doing in bed with Islam, the ideology sworn to destroy the Great satan, with a 2 hr Muslim prayer led by anti American islamists at their convention.

        • Gay Veteran

          oh no, another right-winger wetting his pants over them “Islamofascists”

      • mike Beale

        Try using facts not feelings. Obama’s mother is white as snow. Obama has been very good to the military industrial complex.

        Weapons welfare from Washington has many deleterious effects, from fueling killings and mass rape in the Congo and suppressing democracy in Bahrain (among innumerable other dictatorships), to keeping the military industrial complex fat and happy and enabling Israeli crimes against Palestinians. The Obama administration is breaking records in this respect.

    • Syrin

      Except there IS, and you can’t handle the truth. You ******* baggers had the ENTIRE gov;t for two years and STILL didn’t pass a SINGLE budget. Why? Because YOUR plan involves taking MORE of people’s property (only those already paying in) and giving it to those who don’t deserve it.

      Your plan involves running printing presses non-stop, licking China’s boots to borrow more money and creating a debt level greater than the entire world GDP. Wonderful GARY. That’s why YOUR plan involves the gov’t literally buying 1 BILLION rounds of hollow point ammo which can only be used on domestic targets. Tyranny ALWAYS comes from the left. This is just the most recent example you fascist ass bag.

      • Gay Veteran

        “Tyranny ALWAYS comes from the left. ”

        guess Syrin doesn’t know that Hitler came to power in a conservative coalition

        • Malcolm Reynolds

          hardly. If we’re just practicing democrat revisionism, then yeaNational Socialists are conservatives.

          The reality is that in America the political scale goes from totalitarian communism left to anarchist no govt right.

          In Europe the political scale goes from totalitarian communist left to totalitarian fascist right.

          The european sides are both still leftist, statist governments that give democrats in this country the opportunity to try and dupe ignorant Americans into thinking Republicans are Nazis. You’re not even talking apples to apples.

          The reality is the Democrat party are Nazis without the ovens.
          eugenics – check,
          fascist (card check, fairness doctrine, corporatist central planners, shut down and destroy anyone that doesn’t spout your talking points) – check,
          socialist – check,
          racist – check.

          Hitler and the Nazis were capitalist only in so far as business could be used to build the Reich’s war machine. Other than that….

          • Malcolm Reynolds

            … and even the damned anarchists (OWS in particular – hello Gary2) in this country are anarchists and revolutionaries only as far as burning down this system so they can implement communism.

          • Gay Veteran

            constantly amazed at the drivel you put out

          • Gay Veteran

            so you deny that the Nazis came to power in a conservative coalition?!?!?!?

    • Alvin

      and just what is the Obama / Reid Jobs plan ?

      • JustanOguy

        @ Alvin,

        The Obama / Reid Jobs plan is equivalent to Pyongyang in North Korea. It’s just a front of Propaganda.

        Here is a video of where “Solutions” Pkwy for Harry Reid’s Research & Technology Park goes to:


    • Kevin2


      Deindustrialization complements of the various Free Trade agreements eviscerated manufacturing and with it well paying jobs. These agreements starting with NAFTA and were supported by both parties with an insignificant percentage difference between the two. NAFTA and China Free Trade were signed into law by Bill Clinton. Just as GH Bush, Clinton, GW Bush supported Free Trade so does Obama.

      The left / right diatribe is nonsense. Realize this, the Democrats are no more friends of the middle class than the Republicans.

      • Gay Veteran

        amen Gary2, the 2 parties are 2 sides of the same coin

  • El Pollo de Oro

    I predict that Mitt “Wall Street” Romney, candidate for the Republi-Con wing of the War Party, will defeat Barack “Goldman Sachs” Obama (candidate for the Democrap wing of the War Party) in November. But as Gerald Celente says, you can’t count on the Gambinos to save you from the Bonannos. This farce of an election will be a win-win situation for Wall Street, the banksters and the White Shoe Boys. The criminals have rigged the game here in The Banana Republic of America, the collapsing empire that used to be Les Etas Unis. The Democraps will not save us, the Republi-Cons will not save us, and the Tea Party will not save us because they have been totally co-opted by the GOP wing of the War Party.

    The reality is that the so-called “neoconservative” (more like neo-fascist) agenda carries a heavy price tag. Ron Paul understands that, but then, Ron Paul is really a Libertarian rather than a true Republi-Con—which is why he is being disrespected at that big government joke of a convention down in Tampa.

    You want imperialist wars and empire building? Get out your wallet.

    You want a War on Drugs? Get out your wallet.

    You want to have the highest incarceration rate in the developed world (if you can call this Third World hellhole a “developed” country”)? Get out your wallet.

    You want to lock people up for prostitution, strip clubs, porn, etc.?” Get out your wallet.

    You want bailouts and corporate welfare? Get out your wallet.

    You want the cops to serve as “enforces for the crime bosses” (to borrow a phrase from Signore Gerald Celente) and beat the crap out of anyone who challenges the bankster mafia? Get our your wallet.

    So if you oppose the War on Drugs, corporate welfare, bailouts, imperialist wars, the Military/Industrial Complex, The Prison/Industral Complex, and prostitution busts, vote Libertarian. If you support those things, keeping supporting the failed two-party system—and have fun watching the deficit continue to grow…..and grow, and grow.

    • Gary2

      I thought you predicted Obama would win?

      I do not think it will even be close and Obama will easily beet mittens and eddie munster

      • mike Beale

        As usual, you progressives see the world as you want it to be, not as it actually is.
        Romney by a landslide, just like Reagan did to Carter 1980.

      • Malcolm Reynolds

        Do you have a crisis number handy for when the Bamster loses in a landslide?

      • El Pollo de Oro

        Gary2 in Wisconsin: I predicted that if Ayatollah Santorum got the GOP nomination, Obama would win by a landslide. I know a lot of people who are right-of-center but think Santorum is a total nutjob. But I think an Obama/Romney contest could be close, especially since incumbents have a hard time getting re-elected when the economy is in the toilet (i.e., Bush Sr., Carter, Hoover). I could be wrong about a narrow Romney victory, though. I predicted a narrow victory for McCain in 2008….good thing I didn’t take out any bets. I predicted a narrow victory for Bush in 2004; that year, I did a state-by-state prediction and was right in 49 states. The one state where I got it wrong in 2004 was none other than Wisconsin. I thought Bush would win Wisconsin, but Kerry got it.

        Libertarian/paleoconservative Justin Raimondo thinks the Republicons are throwing the election by nominating Romney because when the BRA goes into an even worse economic nightmare than The Great Depression, they want Obama to be the fall guy.

    • Gay Veteran

      you quite right El Pollo de Oro!

      unfortunately the Libertarian candidate for president doesn’t think there any crimes committed by the banksters

      • El Pollo de Oro

        Gay Veteran: As much as I like Gary Johnson, it was an unfortunate choice of words when he said that the banksters were guilty of terrible business decisions but he wasn’t sure there was actual criminality involved. He has denounced the bailouts as a travesty and robbery of taxpayers on a grand scale:

        “Corporatism is alive and well in this country. We’ve bailed out individuals on Wall Street that made horrific decisions that should have been rewarded for those horrific decisions by having lost all their money. Of course, that didn’t happen, and you and I bailed them out at a cost of a trillion bucks. And they continue to award themselves bonuses at our expense. I’m outraged by that.”—Gary Johnson

        But the criminality didn’t start with the bailouts. The criminality was there to begin with and led to the bailouts. Overall, though, I think Signore Johnson gets it and realizes that corporatism is not capitalism–it’s fascism. And the corporate fascists have both wings of The War Party firmly under their boots. Speaking of the War Party…….I was ready to vomit when Mitt “Wall Street” Romney babbled on about how Barack “Goldman Sachs” Obama is soft on national defense. Bailout Barack the war hawk bombs the crap out of people in other Third World countries and increases our already-huge deficit in the process, yet as Justin Raimondo says, he still isn’t bloodthirsty enough for the neocons. The Banana Republic of America (or as Reed Richards calls it, the Asylum States of America) is a very sick place.

        • Gay Veteran

          “Overall, though, I think Signore Johnson gets it and realizes that corporatism is not capitalism–it’s fascism.”

          Karl Denniner strongly disagrees that Jonhson “gets it”

          go to

  • Wilson

    This is the most assanine article you have written. I say shame on you, NOT shame on America.
    First off you state, “You should be ashamed of yourself America.” I take exception to your blanket blast of America. I didn’t do this. Your article starts out saying Obama did it. Well, start by blasting him and not America. Furthermore, I have voted for fiscally conservative Democrats and Republicans since I was eligible to vote and I never missed an election. I spoke out against reckless spending from the White House and the House of Representatives down to the local school board I VOLUNTARILY served on. I taught financial management classes at no charge so that people could get their own family budgets in order. WRONG, not shame on me. I used the inheritance I received when my parents passed away to help my daughters get a college education and become productive adults. They and their mother all worked to help pay for their education. We didn’t suck the public tit for grants, loans, etc. By the way I worked my way through college and took one small loan from a private source to get through my final semester. No sucking the public tit for me. My daughters have been raised to be financially frugal. They are getting their feet on the ground financially and paying their own way. I live debt free, pay cash, have a surplus in case SHTF, etc. It wasn’t easy getting here, but I made it. Maybe it should be shame on you for living beyond your means.

    The next display of your ignorance was this: “Since Barack Obama entered the White House, he has approved a whole host of measures that have been good for the economy in the short-term. TARP, the stimulus packages, the auto industry bailout and the payroll tax cut are just a few examples.” Talking out of both sides of your mouth because here you praise TARP!!! What the HELL???? Talk about building government debt, talk about a screwup. Let the ^%$@@%)+)&^% banks fail. I don’t get a bailout when I make risky business decisions that fail. There was NOTHING good about the TARP bill, or the way the Secretary of the Treasury redirected the funds to help his cronies in the banks. Nor was anything good to come of Bernake secret loans to foreign banks, all which futher enslaved us to debt. Shame on Bernake, Geithner, Obama, and every official who voted for TARP. Bailout GM, OMG what a cluster F***. They’re even more in the hole now, the value of stock has dropped, and they are looking for another bailout, and now they’re building cars in China and employing the Chineese. And you have the gall to say that was a good use of our monoply money? Have you lost your mind? The stimulus packages were more debt, hundreds of thousands of dollars spent to create a job, and in some cases millions for no jobs, maybe an intern here or there. And you think that was a good use of money? Tax cuts, more money for me to spend, but with less revenue going into the treasury more national debt resulted.

    And another thing, you suggest that passing down this debt is child abuse. The hell with you. Maybe you should be arrested for abuse, but not me. I did not do this, and I did what I could to fight the wasteful spending. Child abuse my ass.

    And you point out that is we stop spending now we will be thrown into a depression. Fine, then we can do the reset and start over. You keep pointing to the Greeks, and their problems. The fact remains the Greeks are going through a reset right now, and bartering and a new economy has begun. It’ll be ugly for awhile, but sooner is better than later for going through the reset.

    I could go on, but my head is swimming as I look at what you wrote. Shame on you. You owe your readers an apology for your blanket statements trashing of all of us. Maybe your family members will spit on your grave, but my daughters won’t because they know how I lived financially, and the legacy I left them.

    Shame on you for you callous attitude towards your readers.

    • Michael

      When I say “shame on America” that does not mean that every single American is to blame.

      And where did I ever praise TARP?

      I am afraid that you fundamentally misunderstood the article.


      • pete

        Nah, Wilson had the same take I did and took in the same way….just harder.

        You did write “shame on America”, and that includes and means us. We have no control over the other contents swirling around in the toilet bowl along with us.

        When you say “shame on America”, your brush coverage is splatting a bit on the trim. You are wanting to statistically place us in any number of tatoo’d, lip ringed, slacker, check cashing, “grab it” minded doofus’s and Wilson and I both categorically reject being blended into a paste along with all of the crack smoking PhD’s.

        The vast majority of America should be very ashamed….but there are rock solid memebers of our screwed up society out here doing the right thing and NOTHING to ashamed of.

        I’ll take any lumps I have coming and answer for everything I did. But I am not going to “be ashamed” when I have done NOTHING to “be ashamed” of.

        As I said, if everyone had done as I have done….then we would not be in the shape we are in, and I doubt we’d be having this conversation.


      • Wilson

        As for your, “When I say “shame on America” that does not mean that every single American is to blame.” then you’d better write a bit more clearly, and avoid the blanket condemnations.

        Where did you ever praise TARP???????????????????????? Are you serious? In my second paragraph I directly quoted this article. The quote comes from your statement, the 5th statement after the total public debt graph. YOU said: “Since Barack Obama entered the White House, he has approved a whole host of measures that have been good for the economy in the short-term. TARP…”. Right there, you said TARP was one of the measures that was GOOD FOR THE ECONOMY. (emphasis added)

        Man up Michael, you screwed up.

        • Michael


          Any government spending does stimulate the economy in the short-term.

          That does not mean that I was in favor of TARP. In fact, I thought TARP was a really, really, really bad idea.

          Just because something will help the economy in the short-term does not mean that it is a good idea or that I support it.


          • Wilson

            Michael, stop the sign TARP into law, Bush did. Obama voted for it as a Senator, and then helped implement parts of it as President. Do some fact checking.

          • Michael


            What am I denying?

            I admitted that TARP was good for the economy in the short-term.

            But just because something is good for the economy in the short-term does not make it a good idea. That is a MAJOR problem with our politicians and with the American people. Way too much short-term thinking.

            Government debt is absolutely going to kill us. Yes, we can keep falsely pumping up the economy in the short-term with endless “TARPS” and “stimulus programs”, but it is a false prosperity and it makes our problems much worse in the long-term.

            And Bush, Obama, McCain and all the rest of them were very foolish to support TARP and the bailouts in my opinion.

            Yes, they helped in the short-term, but now we are 16 trillion dollars in debt and our entire economic system is approaching disaster.


    • pete

      Darn right you are!!!!

      I like Snyders column, but he can get a bit sloppy when he’s painting.

      You’re maybe a bit defensive because (like me) you denied yourself and did the right thing and did not do what everyone else was doing….and didn’t like it when lumped us in with every other American.

      I am glad I did what I did and I am glad you did what you did…at least I am not alone.


  • College Kid

    My professors at college are oblivious to the downward spiral our country is in. They keep insisting everything is fine. I have even had a chemistry professor mock the preppers. Nothing like being a debt slave and being brainwashed in the process.

    Thanks for your dedication to the cause michael.

    • Michael

      College Kid:

      I spent a total of 8 years attending U.S. universities and I don’t have a whole lot of good things to say about the system.


  • Azdalin

    Well, being that I believe in reincarnation….. I feel that most of us will be back as tomorrows children. We can’t escape simply by dying. We should all be so lucky!

  • Mondobeyondo

    Oh gosh. I fear that Obama’s portrait will not be shown next to those of Washington and Lincoln in grade school classrooms across America.

    And for good reason. I like Obama’s personality. Seems like a guy I’d like to hang out and have a beer with on a weekend afternoon. But he is an ineffective leader. In times like these, we need a leader. There are none that I see on today’s political scene today.

    Abraham Lincoln was a leader. Franklin D. Roosevelt was a leader. So was Dwight D. Eisenhower. He earned his stripes by leading the Allied forces in World War II. John F. Kennedy was a leader, and also a visionary. He proved it during the Cuban Missile Crisis in 1962. And he had dreams of an America that not only conquered the skies, but outer space as well.

    George W. Bush had his chance. I admired his speech shortly after the 9/11 attacks, standing on a debris pile at the former World Trade Center… (“I hear you, the rest of the country hears you, and the people who knocked these buildings down will hear ALL of us soon!”) That was a Winston Churchill moment. What did Dubya do with it? Well, he sent in the military. Practically blew Iraq off the map with that whole “shock and awe” campaign. But to what end?

    And Obama? Well… ya know?
    If there was an Iranian attack against some American interest, or military base, embassy, etc. – or if some radical terrorists decide to kidnap American journalists – what would Obama do? Or let’s not even consider that. How about a blockage of the Suez Canal? Or Kim Jung-un getting bored with playing “Madden 2013”, and deciding to attack South Korea. What would Obama do?
    The mind shudders.
    We need real leaders.

    • Mondobeyondo

      Forgot to mention – those gentlemen have their faces on our money.
      Roosevelt is on the dime. Eisenhower used to be on the dollar coin (until he was replaced by Susan B. Anthony, and then Sacajawea). Lincoln is on the penny, and also the $5.00 bill. Kennedy is on the half dollar.

    • Gay Veteran

      “And Obama? Well… ya know?
      If there was an Iranian attack against some American interest, or military base, embassy, etc. – or if some radical terrorists decide to kidnap American journalists – what would Obama do?”

      unfortunately it would probably be a black flag operation he ordered

      Gerald Celente says the elites will start a war with Iran (and thus WW3) since they have messed up the economy so badly

  • the ragged trousered philanthropist

    To paraphrase your article it seems clear that no one seems to understand the exponential function.
    It does not take a genius to understand it (the exponential function) and all the signs indicate the whole world (not just the USA) is on the cusp of the final double up.
    I find it hard to believe TPTB do not fully understand the exponential function, so just what is going on?
    Obama is just a puppet/scapegoat, an intelligent man, (just like Tony Blair) who has sold his soul to the devil.
    History will ultimately judge them for what they really are/were, but in the meantime society as we know/knew it will/has been destroyed.

  • Gary2


    Well right wing crazies where are the jobs???

    • mike Beale

      Gary2, you are blind to what is staring you in the face. Obama’s policies and regulations (Obamacare anyone) are suffocating small business in this country. You obviously didn’t listen to YOUR congressman and soon to be next VP last night. 2012 is turning out to be a very bad year for you progressives in WI. First Walker wins the recall, and now your congressman and state are going to lead the way to a Romney win in Nov. Suks to be you. (politically, not personally)

  • de Malfosse

    Imperialism is quite expensive in many ways, isn’t it?

    Had enough yet?

  • Steve

    Perhaps I missed something but the author is talking like it is us today that are “burdening” our children and grandchildren with debt. Is he suggesting that the Baby Boomers are to blame?

    Lets go back in time to were a lot of this gov’t dependency began. 1964 a Democrat President (Lyndon Baines Johnson) and a Democrat controlled Congress raided Social Security to fund their War on Poverty.

    Not a single Baby Boomer was of voting age. Baby Boomers were born from 1946 – 1962 so the oldest group of Baby Boomers was only 18 Years Old in 1964 and NOT of legal age to vote but the following year, 1965, LBJ began to kill many of them with his build up of the Vietnam War while he hamstrunged us in fighting it.

    So the point is that in 1964 the World War II Generation WAS of voting age and let the U.S. Gov’t raid Social Security to pay for things. And then out of the other side of their mouths demanded they get their Social Security which most recouped in the first two years of payouts. The rest was coming from the Baby Boomers (who just last year entered Social Security). That is how a Doctor can contribute only $600 a YEAR and get $2,000 a MONTH in Social Security because there are 5 Baby Boomers for every 1 WW II generation recipient. I know he is my step-father.

    So just like him most WW II generation folks set the example of burying their children (baby boomers), my children (their grandchildren), my grandchildren (their great grandchildren). The rest of us just continued down the same stupid merry path.

    I am NOT defecting blame to another group. ALL of us are to blame for being selfish and not monitoring our government. Also for not keeping the Social Security system solvent or understanding it and how its investments are so restricted that if you stock broker or insurance agent did the same thing they would be in jail for security law violations.

    So if the author meant to imply Baby Boomers he is wrong and needs to go back to their parents, the WW II Generation and 1964.

    The rest of us need to fix this mess so when we pass from this world we will not leave our children burdened with debt.

    • Gay Veteran

      “1964 a Democrat President (Lyndon Baines Johnson) and a Democrat controlled Congress raided Social Security to fund their War on Poverty.”

      and EVERY president since then has used the SS surplus to mask the true size of the annual federal deficit

  • k

    I hate democrats, but seeing what republicans are doing now, i hate them even more.

  • pete


    EXCUSE ME! I did NOT overspend OR overconsume! I worked hard and saved my money. I did not lie to get a mortgage and paid CASH for the garage I remodeled into a modest home. I do not borrow and I do not lend. I am not obese and mow my own yard.

    In addition, I volunteer at my church and help old folks. I grow my own food and do not have a cell phone, tatoos or a Facebook page.

    In closing…America is NOT a bad place because of me. America is a bad place because there are not enough people like me. ANYBODY that wants to can stop buying and overspending, overborrowing, save their money and be responsible. AND, anytime anyone wants to quit complaining about what a lousy job the government is doing can start doing a better of governing themselves.

    Honestly Mr. Snyder, I like your column. But for crying out loud it is NOT ALL ABOUT THE CRAPPY GOVERNMENT AND EVERY AMERICAN IS NOT A LOAFING DEADBEAT!!!!!!!


  • OldPhart OutIn TheDesert

    Our economy has had more band-aids stuck on it than a seven year old hurdler. Our kid can barely run with the weight, and the actual damage is festering and starting to stink to high heaven.

    Gangrene has set in and we have to do radical cuts, not only to fat, but to muscle and bone.

    Our economy is monstrously burdened by so-called ‘defense spending’ which, in actuality, is really ‘Offense Spending’. With the over TEN **************** years of war, (and my non-military son has been in Afghanistan for TEN YEARS doing whatever that we don’t truely know about (other than being blown up three times, plane crash, rock to face, missled, poisoning attack via food tampering, and being in the pause between a raking machine gun that killed the two beside him)).

    On top of that abomination, we have a zillion foreign bases in nearly every country on the earth. Each staffed with our forces along with the local population in the form of vendors. Even in Afghanistan we have locals that are actively on base providing everything from shoeshines to Burger King management.

    Around 2002 our government was giving FREE satellite connected cell phones to warlords and their afghani serfs (I finally got a version of one of those Taliban Telephones a year or so from a local store for five bucks [without the satellite connection], on a pre-paid system, I don’t use a phone other than for emergencies.) We were/are paying hundreds of thousands of dollars to use roads through fiefdoms.

    We are borrowing money, under both republicans and democrats, to GIVE AWAY as mere bribes!

    Other burdens include entire federal agencies that are consuming tax dollars with no actual benefit to the American soveriegn. The Department of Homeland Security [Gestapo] has quietly funded over a million private internal spy company employees. Blackwater/Xe, et al, are mere mercenaries bought by the government to quell the unrest they already know will come.

    I see, above, a posting from GARY2, that I can finally agree with:

    “The mantra, as you know, in today’s political debate is jobs, jobs, jobs,” he told an audience at EPI recently. “Listen carefully because the subtext is low wages, low wages, low wages.”

    “You go into an Apple store and you see the future,” Faux said. “The future’s not in the technology — the future of the labor force is all in those smart college-educated people with the T-shirts whose job is to be a retail clerk for Chinese goods.”

    Our government has made agreements that have gutted our manufacturing base, and our jobs, but exporting both to the lowest standard of costs. And I mean that it was Democrats AND Republicans, they are equally quilty.

    The company I work for can’t feasibly be exported. We basically mine rock and make concrete. However, I can say that Obama’s ‘stimulus’ is finally making it’s way in a trikle down fashion as the military and local governments have placed extraordinary orders. In any normal year, this would be gravy, in this year, it’s pure survival to accept these contracts.

    [For you Alex Jones fans…our steel fabrication has made 20, three-story, steel gun towers for FEMA over the last five years. If it helps, I’ve pissed on most of them.]

    We have Government agencies that have gone off the deep end. Social Security ordered thousands of Internationally BANNED hollow point bullets. DHS/Gestapo ordered enough rounds to put five shells in every single American.

    We have a pervasive philosophy that the Federal Government should be in charge of everything.

    We need to institute MASSIVE government layoffs and (I love saying this…) TERMINATIONS (******* ones preferably).

    Homeland Security: TERMINATE We lasted over 225 years without a Gestapo.

    Department of Energy: TERMINATE The now second worse president set this scam up and they haven’t accomplished one damned thing.

    Department of Education: TERMINATE Putting the Feds in charge turns education into propaganda…regardless of which traitorous party is in power.

    Many other Departments/Agencies can go.

    Yes, that means tremendous unemployment from government ‘service’.

    Government pension systems, at all levels, city, county, state, federal…roll it into social security (including benefits for Congress).

    ObamaCare: DO OVER Repeal the current crap we’ve been force-fed and rewrite to actually benefit the Soveriegns and the businesses that hire them.

    The FED: ********************************************************

    Slash the pentagon by a minimum of 30%…in REAL numbers. Get the troops home, from EVERY base, before the looming collapse and start laying them off. Those that remain, station on the borders and coastline with all weapons pointing out.

    We’ve got a country with the attitude and intelligence of a seven year old, and a pile of band-aids that need to be snatched off as quickly as possible.

    It’s going to hurt, A LOT, and it’s going to hurt even more when we muster the courage to force disinfectant throughout.

    But it has to be done or the kid dies from lack of care.

    • NorthernCanuck

      “our steel fabrication has made 20, three-story, steel gun towers for FEMA over the last five years. If it helps, I’ve pissed on most of them”

      Like this one? (the photo at the top right-hand side, although not identified as such, is of a detention camp in the woods on Camp Grayling, Michigan)

      These all seem to have been modeled on the infamous open-air ‘Eisenhower Death Camps’, in which over a million surrendered German troops died from starvation, disease, exposure and mistreatment after WW2.

      Do you think the elite would think twice about doing it to you?

      “Eisenhower’s Death Camps. The Last Dirty Secret of World War Two …”

      “In ‘Eisenhower’s Death Camps’: A U.S. Prison Guard Remembers”

      “Eisenhower’s Holocaust – His Slaughter Of 1.7 Million Germans”

      • OldPhart OutIn TheDesert

        The one on the right is similar to what we built, only without a roof. Shipped to Fort Irwin.

        • OldPhart OutIn TheDesert

          By the way, apparently Michael wasn’t comfortable about my true feelings about the Fed above. He ‘secured’ what I said.

          What I said would have both of us being anal probed by the IRS, apologies Michael.

  • Trialboy

    My goodness, if you want to criticize Obama please get your facts straight. Obama was NOT responsible for TARP, the Bush tax cuts and two wars which he inherited. He was not responsible for Medicare Part D either. There are many things that Obama has done and/or failed to do that I disagree with, but the debt is not his doing. The stimulus, which worked but was too small, was made necessary by Republican financial policies and was needed to stop the slide into depression. Every spending bill under Obama was passed by Congress. The number of government employees at the state and local level has decreased substantially under Obama and is a reason for the current high unemployment. If you are unhappy with increasing debt the Republicans, who squandered a surplus after Clinton’s two terms, are going to make things worse

    • Alvin

      Nancy Pelsoi and the Demo’s passed TARP and Bush signed it.
      But as I recall it was late in year and Bush did not spend a dime, it was
      Barry who spent the money and if he did’t approve he didn’t have to spend
      a dime of it. There are less private sector jobs now then in 2001 but 30
      million more people in US, the high unemployment is not because gobberment
      workers were let go, take a look around you, can you see all the business
      spaces for lease, frankly I wish it were true that we had less gobberment
      workers but that just pure BS. Name me one thing the department of Energy
      has done the past 30 years that increased energy or decreased gas prices
      and remember when Bush left gas was $ 1.70 a gallon and Barry “NO DRILL IN USA”
      or “NO PIPELINE IN USA” has gotten it to $ 4.00 a gallon. Yep I want my tax
      money to so to these Gobberment workers.

  • it grows on trees

    Hopey changey ain’t cheap is it. Why does dear leader need money? The magic messiah, the savior doesn’t need money. How’s that ocean levels receding and healing planet think workin’ out for ya comrade?

  • TripSeven

    Gary2–you have to know that we are exactly like Grease, just wait a little bit longer. Just because you keep repeating the same head in the sand, biased crap over and over again does not make it more true.
    Glad to see you posting again, I thought Micheal had finally grown weary of you and banned you.


    • Michael

      I wouldn’t ban Gary2. I really like him and I am hopeful that these debates will cause him to choose some new directions. 🙂


      • Rodster

        And yet Gary2 would ban you and anyone he disagrees with. That’s the difference between conservatives and liberals. 😛

        Liberals who claim to be for free speech and open mindedness are the first to shutdown dissenting speech whereas conservatives welcome all opposing views.

        • Gay Veteran

          “whereas conservatives welcome all opposing views”


        • Gay Veteran

          as Gerald Celente would say, people like you say your two-bit freak (Romney) is better than the other two-bit freak (Obama)

        • 1stVArifleman

          You really need to read my post I left to Gary2 above. Based on your comments about Conservative and Liberal. What you think of as a Liberal, is not what a Liberal really is.

          A Liberal is someone who believes in Liberty, Natural or God Given Rights, a Democratic Republic: based on history and the ideas of a ‘mixed government,’ and if American, the Constitution and the Bill of Rights. Good examples of true Classical Liberals are: Thomas Jefferson, Patrick Henry, James Madison, Ben Franklin, John Locke, and Voltaire. A more modern term for a true Classical Liberal is Libertarian.

          What you think of as Liberal today has been high-jacked, by Progressives, which is really an American term for socialists. The most prominent hijackers are definitely Presidents Wilson and FDR, for they made socialist and international government policies and treaties acceptable to Americans. Sadly though, the idea of Liberal being Progressive which is really socialist still exists through many politicians today. Examples of such politicians are Barack Obama, Nancy Pelosi, Hillary Clinton, Diane Fienstein, Chuch Schummer, basically all prominent Democrats today. Which is without a doubt a disgrace to the founder of the party Thomas Jefferson. However, Republicans today definitely have socialists ideas as well, which are mainly present by the so called neo-Conservatives (Bush, Cheney, Graham, McCain, Rice, ect). Although these ideas tend to be more National Socialist or Fascist in nature. (I explain that in the above comment I left to Gary2.)

          I’ll leave you with some words of those Classical Liberals…

          Single acts of tyranny may be ascribed to the accidental opinion of the day; but a series of oppressions, begun at a distinguished period, and pursued unalterably through every change of ministers (administrators) too plainly proves a deliberate, systematic plan of reducing us to slavery.
          Thomas Jefferson

          In the case of a deliberate, palpable, and dangerous exercise of other powers, not granted by the said compact, the states who are parties thereto, have the right, and are in duty bound, to interpose, for arresting the progress of evil.
          James Madison, Virginia Resolution

          Make yourselves sheep and the wolves will eat you.
          Ben Franklin

          It is difficult to free fools from the chains they revere.

          The end of law is not to abolish or restrain, but to preserve and enlarge freedom. For in all the states of created beings capable of law, where there is no law, there is no freedom.
          John Locke

          • GSOB

            I enjoy reading everybody’s comment, particulary yours

          • 1stVArifleman

            Thank you GSOB I appreciate the fact that at least a few people are reading my posts. It encourages me to write more.

            I know I have very strong opinions, but I only come to a conclusion when I have strong objective evidence to back it up. My influence comes from my life long love of history and now my dabbling into Philosophy, Political Science, and Economics. Also, I have to give credit to my professors at VMI for their influence and continual use of a classical education system, particular credit I give to, General Brower, Colonel Muir, and Major Foster (might be O-5, now). Sadly, I also must state that I truly do fear for my country and that motivates me more than anything. If you won’t pick up a pen in times of peace, then you’ll never take up arms in times of war.

            *I tried replying to your post directly, but there was no link so I responded to mine above. Again, thank you for reading my posts I truly do appreciate it.

            “I attribute the little I know to my not having been ashamed to ask for information, and to my rule of conversing with all descriptions of men on those topics that form their own peculiar professions and pursuits.”
            John Locke

            “It is one thing to show a man that he is in an error, and another to put him in possession of the truth.”
            John Locke

            “What worries you, masters you.”
            John Locke

            Long Live the Constitutional Republic!
            Sic Semper Tyrannis!

            Fortune Favors the Brave:

            “If this be treason, make the most of it!”
            Patrick Henry

  • Scott-53

    The national debt has only been reduced 4 times the past 82 years according to (treasury Been stealing from the children & grandchildren for along time. (1947-1948-1951-1957)

    • Scott-53

      Even though the debt was reduced 4 times from 1947 to 1957, the national debt was higher in 1957 than 1946.

      (historical debt outstanding)

  • Tabarnick

    Yes, the debt is going out of hands. And what cannot go on forever, doesn’t.

    But you say that, oh well, the end game is we will repay that debt, so we will have to live in direst poverty for generations. You know what? What happens to businesses (or individuals!) who get in millions of dollars in debt? Do they go into debt slavery forever? No, they call it quits. “I cannot pay everything I owe. Sorry guys, bankruptcy”. Countries do it regularly.

    Time to hit the reset button on debt.

    • GSOB


      I tend to agree with what I heard Ron Paul say a few nights ago…

      he said that we can not pay off the debt but we can liquidate it.

  • JMorcan

    China will control our financial future. It’s all over but the cryin’.

    • mike Beale

      We were saying the same thing about Japan in the late 80’s early 90’s.

  • Joseph


    The way I see it, the Keynesian school of thought is dead, flawed at best. You cannot create wealth by monetizing debt, money must be in existence in order to satisfy the financial obligation at hand, nothing our idiotic politicians understand. Wonder why Ron Paul didn’t get the GOP nomiation, the central banks, fractional reserve artists, and corporate-crony executives who caused this mess would be on the chopping block instantly. The only way to balance any budget, regardless of what economy you’re in is to cut spending and raise taxes, however, cutting spending NEVER is considered, just the latter. This is what truly upsets me, the ignorance, idiocy, and unwillingness and stupidity of politicians and the American people who continuously drink the Kool-Aid and are brainwashed into honestly believing these schmucks will solve our problems. No manufacturing to create jobs in production, sales, accounting, engineering, finance and the like…good luck getting anywhere in a service-based consumption-fed way of life.

    God help us all Michael.

    • Michael


      Yes, without God I don’t know how anyone is going to make it through what is coming.


  • Mondobeyondo

    “Sell the kids for food…”*
    (and flat screen TV’s, BMW’s, a vacation to France, a new iPad, you get the idea)

    Okay, little boys and girls, I’m gonna teach you your first 4 letter word!
    It’s really, really dirty! It starts with a “D”. Are you ready? It’s….DEBT.

    Debt, debt, debt. It’s your inheritance, courtesy of us!
    (Debt you! $16 debting trillion and counting of this debting debt! You debting baby boomers! Debt it!) Hey, you’re catching on fast!

    Did anyone ask the kids about this??

    When the kids grow up, they will show no mercy to their parents’ generation for what we have done to them. Sacrificing their dreams and future for exchange for our prosperity is NOT GOOD!! They are going to eat us baby boomers and Gen Xers. That’s if they don’t kill us first.
    *Kurt Cobain, “In Bloom”

  • Mondobeyondo

    Ben Bernanke leaves this mortal coil, and arrives in heaven.
    He sees the pearly gates and streets paved with gold.
    He raises his hands and says, “Thank you, Lord – America’s fiscal problems are OVER!!”

    Okay, that wasn’t funny. I’m trying, trust me.

    • mike Beale

      It is not for me to judge Ben B, but my gut feeling is that he won’t be going to heaven but that other, much warmer place.

  • William

    The Obummer is a total and complete FAILURE. Unfortunately, Senor’s puppet Mutt Romney is no better. NONE OF THE ABOVE is, sadly, the best choice in Nov. America will NEVER recover until the fools in Washington put AMERICA FIRST. Romney does not put America first. The Obummer is just a creation of the CIA, whose masters also control Mutt.

  • Syrin



    • Gay Veteran

      Obama was another 4 years of Bush

  • Edward

    “So why are we not like Greece or Spain yet? Well, it is because we are still able to borrow huge piles of money very, very cheaply.”

    But why are we able to borrow huge piles of money very, very cheaply? Because the dollar is the worlds reserve currency. This is why when we have financial problems the rest of the world feels it. Worse than we do. The great depression was not just in the United States. The more leveraged the dollar gets, the weaker it gets. We continue to leverage the dollar with our deficit spending and China is a willing participant. Why? Because maybe they are setting themselves up for the Yuan to become the world’s reserve currency?

  • goldnguns

    The simple solution is HP. For $1500 you can get yourself a really nice color duplex printer that prints fiat dollars just about as good as those Ben Bernanke prints. Soak them in a thin solution of Downy and good to go! Don’t do anything over $10 – no one ever checks those with a security pen.

    And I’m kidding. Big Ben cannot keep interest rates at zero for much longer and he knows it. the interest payments on the debt will dwarf any other mandatory or discretionary spending. So we will be slaves of China and Japan and Korea and any other sovereign holding our debt. Either that or we default on the foreign held debt and tell them “so sue me” and revert back to a US based economy.

    But the truly daunting problem is the American consumer. when we have Nike selling a sneaker for $325 that costs them $12 to make and our unemployed on welfare youth think “gotta have those” we are screwed. We have fostered a generation of “what you got to give me” instead of a generation of “what can I do to get ahead”.

    • JustanOguy

      What’s interesting is how many of those Unemployed on Welfare Youth actually own a pair of those $325 Nikes that only cost $12 to make.

      Blows my mind..

      • Malcolm Reynolds

        This would actually be what the democrats like to call – getting rich on the backs of the poor. hmmm. I wonder if Lebron is a democrat…. duH!

    • GSOB

      Right ON goldnguns!

      Great post, I really like the idea about printing your own money. That was wonderful.

      By the way….
      the denomination that is counterfeited most was the franklin 100 dollar bill – but now, in more recent times, it’s now the jackson 20 dollar bill.

      Good call.

  • SidDavis

    The Federal Reserve Bank, with the encouragement of the federal government is also stealing from people who expect to collect a pension. By manipulating interest rates to extremely low levels, it deprives pension funds of the ability to earn enough on their investments to meet future pension payments. The are keeping interest rates at extreme low levels because they think it will stimulate the economy instead of destroying it, and because it keeps the borrowing cost for the federal government low in an effort to forestall their financial collapse; neither of these are going to work for long, and just compound the disaster for our children and for us.

    These are truly evil people.

    Here is an article pointing out that if you are planning on retiring and living on a pension in the next 10 to 15 years you better think again.

  • These children are not going to pay for anything. They can start over. The big losers are those who hold dollars in CDs,annuities and pensions. They will be wiped out by hyperinflation. The deficit is caused in large part by deliberately reducing revenues as a percentage of GNP. The spending has not gone up as a pecentage of GNP especially it you remove the cost of these illegal and improvident wars.

  • Rocky Bleier


    Our children and grndchildren are not going to work to pay off the debt. The government will pay it for a while with devalued currency, and then it will have no choice but to default. When that happens everyone will live in Gary2’s Dreamworld – everyone equal and poor.

  • TooLittleTooLate

    I see comments saying things like, “Bring it on” or, “Let’s have a revolution”.

    I see where they’re coming from in some ways because we can’t change on our own what is about to happen to the financial system or what has happened to our country or morals.

    I seriously doubt there will be a revolution of any sort…. the sad fact is that folks won’t leave their houses with pitchforks until they have more to gain than lose by doing so. Even if things were bad enough and folks started to organize…. Our govt. does so much spying on us these days, I doubt it would even be possible.

    No, a revolution isn’t in the cards. If folks start to riot, they’ll be delt with harshly…. curfiews… gun grabbing etc. etc. During Katrina, they confiscated all firearms and the citizens gave them up… or they were beaten and jailed.

    I surely don’t want to live in that world but, it’s the one we live in.

    Your best bet is not to be where the rioting is happening, IMHO.

  • sharonsj

    I didn’t know Obama could raise our debt all by himself. I thought Congress did that (and they did) so your headline is wrong.

    Even if Romney is elected, nothing will get better and it will only get worse. The Republican agenda is to privatize Social Security and give it to Wall Street and to privatize Medicare and give that to the insurance industry. The Romney/Ryan budget cuts taxes for the rich and raises them for everybody else–particularly the middle and lower classes. (Romney, instead of paying 14% will pay zero.) And then they will pay for those tax cuts by taking away food stamps, unemployment insurance, Medicaid, and other services we need.

    Finally, they increase the defense budget. Like we really need more wars….

    • Alvin

      Easy, There is no BUDGET, even when Demo’s had the House / Senate and President in first two years of Barry’s Presidency THERE WAS NO BUDGET. Also QE 3 is a joke,
      they just keep mass producing money and send it out, all done via the key pad on your computer. Nobody buys are our bonds anymore, the treasury makes them ( electronic), the fed takes them and sends back $$$ via computer, and then passes it on to the different departments to pass out the goodies. Since there is NO BUDGET, and there is a whole lot of off budget items ( when there was a budget) NO ONE REALLY KNOWS WHERE THE MONEY IS GOING AND HOW MUCH MONEY IS BEING MADE OUT OF THIN AIR. One day all those funny money dollars will come out of hiding and boom your big union pension you were promised will be delivered in one big payoff and better hurry to the store to buy your one bag of chips and six pack of beer with it. Anyone who thinks that their pension will be worth anything 10 years from now doesn’t get it.

    • Malcolm Reynolds

      “privatize Social Security and give it to Wall Street and to privatize Medicare and give that to the insurance industry.”

      If it’s privatized (aka not stolen from ME – aka stays mine), AND given to wall street (aka not given to me) then how does that work?

      Pray tell, how does that work in your little head, sparky?

  • TooLittleTooLate

    No, we probably won’t have a revolution…. We’re a nation full of morally bankrupt, financially bankrupt, corrupt and mostly uneducated idiots lulled to sleep by mind numbing TV shows like, american idol and dancing with the stars…. spoiled, lazy and waiting for their check to arrive.

    Of course, not everyone is like that but, a large percentage of folks are…. thinking that things will always be this way.

    The truth is that unless you lived through the depression and WWII then, you’ve only seen good times in our country.

    In the 20th century 60 million people died at the hands of communist regimes promising equal treatment and a utopian society.

    The worst part is that when society unravels, the folks will reach out to those that claim they will help….

    The help is always some sort of collective regime… it could be nazi style national socialism or communism but, it is always collective, anti freedom and anti private property.

    Now, I’m officially depressed.

  • GA

    Give Michael a break and wake up! It’s not about R or D. They have all failed us. It’s all about the unsustainability. Take what Michael writes and verify the facts for yourself. Romney, Obama, republican,democrat…forget that. Look to prepare not to blame.

  • Malcolm Reynolds

    ““I think Romney and Ryan are reactionary disasters”. There is no Republican jobs plan at all.”

    You’re using your crystal ball to glean this nonsense?

    Going back to the topic of the story, why dont you explain to all of us how those same progressives trumpet that debt doesn’t matter at all and more debt is going to somehow solve our debt problem.

  • bobbobbob1

    got dental insurance?? hahahaha
    got chidren???? chumps hahahaha
    cee you inmedical school as cadavers hahaha

    • bobbobbob1

      how many teeth are youall missing???
      hahahahaha septis is a quick end

    • mike Beale

      Hey Bob, what are you snorting/smoking?

      • Malcolm Reynolds

        bath salts….

  • Paul M

    With a 5% approval rating even used car salesman and telemarketers have a more favorable rating than congress. Ouch.

    • Really?

      Now that’s funny , I don’t care who you are …….LMAO
      I needed a good chuckle thanx!!!!!!!!!!!!!!


    Dammed if you do, and dammed if you don’t…I personally believed we should have let the market find it’s own bottom in 2008. Now with a lot more debt, “Too big to fail” is bigger than ever, what are we going to do? Yesterday Pres. Obama said we need to hire more teachers,firemen, etc..Which means he does not know how to expand the private sector at all…All he knows is to increase taxes and hire more government….Will Mr. Romney make significant cuts? Or cuts from projected spending? Will he borrow another 6 trillion dollars to keep the status quo? Is it too late to return our country to prosperity? Debt on top of debt seems to be today’s norm…Debt is going to ruin us all, unless someone is willing to sacrifice their political future, and bring us back to some fiscal sanity…I want to hear someone say, that they will only borrow a max of 3.5 trillion for the next 4 years….

    • Really?

      We are chained to debt and TPTB have more than two thirds of the population ,retired,unable, kids and over 100 million on assistance of some sort…………..3 trillion 4,5,6,7 trillion I don’t think it matters at this point. They have all the money and the ones that give a $&@! by the short hairs. Unless your in the club your the enemy/problem.
      Become extremely wealthy and you might buy yourself a ticket but don’t
      Disillusion yourself that they are going to make anything better for the population. If the intent was a strong ,healthy ,educated and informed populace we would not be discussing these endless amount of issues that are created by TPTB …….

  • Not Obama. It is the BIG BANKsters. Changing presidents does not change the system created by the BANKsters. It is working as designed by them.

    • Alvin

      True but it is President Barry & Holder who not only look away ( John Corzine as an example), but Barry signed off on the Dodd / Frank banking bill that gave them more cover and made them even bigger and more powerful.

      • But those presidents who explicitly go against the BANKsters will do pay in some other way or form … It is working as designed by the BANKsters

      • TooLittleTooLate

        That’s right, Alvin.

        Customer money just vanished. ( ahem, was stolen )… Nobody went to jail…. a small kangaroo court was held and nobody… nobody went to jail. How much money was it? I think it was over a billion dollars, right?

        Jail is too good for guys like Corzine… he needs to be put in a room with all the folks who’s money was stolen from them.

        I do wish the public would keep up with this stuff but sadly, if they did, we’d have already had a crash…. How can you have confidence in a system this corrupt?!?!?!

        How can anyone now have enough confidence to invest their money with a any company like MF Global anymore??? If you do, you’re just rolling the dice hoping your money won’t be stolen from your accounts, while your accounts are locked in the middle of the night. And after your money is GONE, that will be that and the thieves won’t spend one day in jail…

  • paul

    Michael, could you mark in the debt graphic the years of Democrats and Republicans?

  • bob

    I say let it all end. whats the worst that can happen. we just start a new game of one world monopoly. I’m sure people will go crazy but hopefully we learn from the mistakes of the past the next go around. all i know is when you have nothing you have nothing to lose and then start to rebuild. Sense there is no cure for the old ways that day just creeps up faster and faster every day.

    • ron

      i agree…between the 1%ers and the gov, there is no way to get out of the hole that has been dug. when the ONLY THING that matters is the dollar and how much of it they can make no matter the price, (human lives) the only thing to do is to start over! i say start over with NO monitary system at all. everybody works, everybody eats, and everbody has a better way of life. less hours at work do to so many people avalible to work. we need to get back to what is really important…this planet that needs to keep us all, not just alive, but well.

  • Real debt of the USA is 200 TRILLION.
    Prof. Kotlikoff.
    obama is just the latest spending junkie, Bush’s were as bad.

    • NateGreene

      Obama – 1.4 Trillion during this term
      Bush – 7.3 Trillion First Term
      Bush – 8.1 Trillion Second Term
      Clinton-3.1 Trillion First Term
      Clinton-3.9 Trillion Second Term
      Bush Sr-5.4 Trillion First Term
      Regan – 8.7 Trillion First Term
      Regan – 8.7 Trillion Second Term

      Which is rather impressive when you facter in that the Bush 2009 Stimulous became re-assigned to Obama. All considered, the republican party has done some serious spending against the National Debt according to CBO data.

      • NateGreene

        Correction: Regan Second Term was 4.9 Trillion.

  • Alvin

    Want to save money – stop Obamacare

  • Actually our grandchildren will not be paying any of that debt. Eventually we will repudiate the debt and everything goes back to zero. And we start over again. Hopefully using both sides of brain this time and stay on the gold standard and get rid of the FED. However, starting over at zero will not be pretty. No one has anything of value. No retirement savings. No nothing. And we all got to go out and start working, practically cleaning toilets. If you can’t, you are dead. This repudiation will occur in this generation. So our grandchildren will not have it as good as we did (if you want to call what now is good) , but they will not even realize it for they will be living in an economy that is vibrantly growing and not in debt. Maybe not with the goodies we have today, but they will be living in a society that values good ethics. Sounds good to me. Where do I sign up?

  • Big Don

    A guy was telling his buddy, “You won’t believe what happened last night…

    My daughter walked into the living room and said, Dad, cancel my allowance immediately, forget the college tuition, rent my room out, throw all my clothes out the window; take my TV, and my laptop. Please take any of my jewelry to the Salvation Army or Cash Converters. Then sell my car, take my front door key away from me and throw me out of the house. Then disown me and never talk to me again.
    And don’t forget to write me out of your will and leave my share to any one that wants it.”

    “WOW” replied the friend, “she actually said that.?!”

    Well, she didn’t put it quite like that, she actually said…”Dad, meet my new boyfriend – Mohammed. We’re going to work together on President Obama’s re-election campaign.”

    • Malcolm Reynolds

      LMAO! That’s funny right thar.

    • DL.

      Funny Big Don, but you know what? Name the religion where usury is verboten. That’s right: Islam. Stop the hate on Muslims, bro.

  • Cindy Malzan

    If my brother charged $100,000 on his credit card and left it for me to pay off, I could pay $500 per month and it would take years. In fact I would mostly be paying interest and only a bit of principal. This is what has happened with the Bush debt and Obama. Bush’s war killed our economy and Obama has just added to it. I am very disappointed with Obama and believe he could have done much more, but i can’t blame him for the debt. I can blame him for giving in to corporations during his first two years, for not ending the wars and for not doing anything to get the money out of politics. He has been essentially ineffective and controlled by republicans who will not let anything come to a votevia endless fillabusters

  • randy

    I wouldn’t go that far. All he did was postpone the coming collapse. He bought us a little time to prepare. use it wisely.

    Osixs (Revolution 2.0)

  • Jaz

    Being from Australia and avedly following American affairs , I’m astounded at how polarized the US is. The left wing & the right wing are an utter nonsense. Neither side represent the average persons interests. They purely serve the banks and the interests of global corporations.
    How can so many Americans have such strong opinions and not even vote ? 1/3 of the population actually vote ! its an absolute farce.
    How could you possibly allow so many lobbiests and special interest groups with endless funds to influence the governemnt and its decision and policy making. Thats not democracy its insanity .Not only is it insane its completely unregulated.. WTF !
    Michael I really enjoy your blog , but on this occasion I think your too harsh blaming Obama for your countries woes and theft of 5t dollars. (Not that he is without some blame though)The entire system is fundamentally corrupt. The Bush era is responsible for a majority of the problems now faced by the US.
    Giving Alan Greanspan the power to completely de-regulate the markets and the flow of money basically creating a world wide financial mega bubble is possibly the most insane decision to come from the US in recent history. I know thats a simplistic comment to a very complex issue , but it started there!
    But then it was followed up by the “war on Terror” a multi trillion dollar farce that actually creates the very terrorism its trying to irradicate.
    And after these totally unregulated markets have been absolutely plundered and leveraged to the hilt, the general public of not just the US but most of the western world (including Australia) absolutely drowning in cheap credit and private debt , the bubble bursts and market after market crashes worldwide. But much heavier in the US , with this mega crash it exposes how the USA’s once dominant industries have been raped and pilaged and a housing market completley obliterated. Bush then along with the help of Hank Paulson decides to bail out the (unregualted to big to fail) banks with tax payers money after most of the poulation lost everything or almost, Bush decides to bail out the very cause of the problem.
    Following this he is booted out of office to be replaced by the first black president to preside and fix an absolute basket case of an economy and a massively expensive lost war in 2 countries.
    But to make it worse Obama seems to be carrying on the legacy of bowing to the banks and the corporate global bodies. But i think Obama’s damage pales in comparrison to what GW Bush inficted on your country.
    Like so many good people who comment here say ” its time to let the system break and start again”
    The problem is Australia is also staring down the barrell of a fiancial perfect storm ,2013 will be a rough ride for Aust so i can only hope we can ride it out.

  • Stop Obama.

    • DL.

      With whom, Romney? Are you serious?

    • paul

      yeah, but get in some greens, social democrats, and communists in for a change. How much worse can it be?

  • bobnoxy

    This article is pure crap. The right keeps harping on how Obama hasn’t produced a budget in his entire term. Meaning, Congress hasn’t approved the ones he’s submitted.

    That put all spending in the hands of Congress. That’s who stole our money. You remember ”the power of the purse”, right?

  • kksome

    i would say that the usa has been sold out to the communists in china
    wy do u think china has one of the biggest shippin ports on west coast
    and wt about the chinese crew building a bridge on west coast of usa,
    they won the contract -wt about the american people not good enough

  • Sam


    Quit covering up for your porch monkey, HIS spending was THE worst.

    Oh well – simian see, simian do.

  • Nam Marine

    The title says it all! Nobama is done in one!






    • 1stVArifleman

      Great comments and very concise.

  • Washington
  • TomCat

    Nearly half of this debt, 25,000 Billions were made
    between 1990 and 2008, Bush, Clinton, Double Bush ..
    Thats the truth!

  • Matt R in MN

    Great article Michael. I’m currently reading The Rise and Fall of The Third Reich by William Shirer and what amazes me is that I can see many similarities between Germany pre-hitler and America (and other countries as well). An interesting point that Shirer makes is that Hitler started taking power via legal means while Germany was struggling economically as a result of America’s great depression – he and his Nazi party slowly took away the liberties of every day Germans while promising them new jobs and a new future. Now, I don’t think the Nazis will ever rise to power again since they have such atrocities associated with their name (although they did just take 7% of the vote in a recent Greek election) but everyone knows there is more than one way to absolute power… could overwhelming amounts of debt be one of the ways to future slavery? The debtor is always slave to the creditor. Time can only tell.–in-crucial-greek-vote/

  • Fred-M

    What is happening is the natural course of a credit-fuelled expansion. Most of the people whining about it now were only too happy to vote for its continuation all during its 50 year course. John Kennedy started this crap when he “jawboned” the steel industry and leaned on the FED to open the spigots. LBJ doubled down with guns and butter and Humphrey sealed our fate with the execrable Humphrey-Hawkins Full Employment Act.

    Neither Nixon (with the gold standard) nor Reagan in ’81-’82 answered their gut-checks, because to do so would have collapsed the economy then, although with a lot less pain than we face now. If they had done what needed to be done we would not have had a fiscal conservative President or Congress for a hundred years and we still would have eventually gone down the same road.

    This is a result of the confluence of human nature and human stupidity. There has never been any doubt that we would end up in this situation.

    “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” Von Mises

  • Washington

    LAMBRO: Obama’s guilty silence No apology for economic sins By Donald Lambro-The Washington Times Thursday, August 30, 2012

  • Washington

    Did RNC “Scripted” Rules Change Start A Civil War In The Republican Party?

  • Washington

    U.S. Government: 94% Of U.S. Gulf Oil Production Remains Offline Published September 01, 2012 Dow Jones Newswires

  • DG

    The fact that JFK wanted to audit the Fed. Reserve; as his 1st exec. order in office; was one factor in his loss of life. The SS Trust was never to be touched when established. Every negative effect on the trust has happened during a democratic presidency. A prime reason for a large portion of the federal debt. Most democrats have been bought and paid for by the bankers and their cohorts. There are a few republicans left; who have not bowed to them. The massive debts cannot all be blamed on the Bushes as has been claimed; however, Obama has been on a massive spending spree and has appointed to key admin positions the very culprits who have caused the problems in the first place. In addition he has retained the current head of the Fed. Res; who has done absolutely nothing to improve the economy; for he is also a member of the bankers societies. There are members of congress in these elite groups; which violates current law; however, they continue to maintain memberships and continue to create laws that effect Americans they were sent to represent. How corrupt.

    • FDR, a DEMOCRAT, recovered the entire economy out of the Great Depression and decreased unemployment from 25% to under 2%. And Bush, a REPUBLICAN, sent us into this recession, and Obama, who is attempting to fix the economy, has laws trying to help the economy being voted against by idiotic republicans.

      • Anthony Edwards

        Be fair. Bush and Reagan… and Clinton’s disastrous Free Trade Agreement…

  • DL.

    Okay, so Obama steals 5.3 trillion…when Romney steals 10.6 tril, let me know (I sais WHEN, not IF!). Heck, he’s already stolen delegates from Ron Paul…whose gonna stop him from stealing 10.6 trillion? answer: nobody.

  • Dr_Snooz

    There are lots of good reasons to despise Obama, but the reason cited in this post is not one of them. An understanding of basic Keynesian economics would help this post greatly.

  • paul

    Does “green” cost money?

    Yes, but only if you pay wages and salaries for green jobs.

  • paul

    Do Americans really believe that one person can stop a runaway train? The current economy isn’t a stagecoach with just 4 horses at the front.

    And how much can a non-suicidal black president in the USA do against vetoing republicans?

    At least he didn’t start a war against Iran yet. Maybe he just agreed to sell guns to Syrian rebels.

    • I concur. On one of his first days in office, the Republicans agreed to all say no to the law no matter what.

  • Bill Lee

    To funnel to the rich filth, you stupid slave.

  • Glenn

    In this article there’s no mention that the debt is fueled by Republican policies: the two wars that weren’t paid for, the massive Medicare Part D, and the Bush tax cuts. Combined those policies make up about 90% of the deficit. Let’s also not forget that when it was time to make a long-term deal to reduce the debt and deficit, it was Republicans who blew up the deal because there were 10% revenue increases and they won’t increase taxes under any circumstances.

    Obama hasn’t gone on a spending binge. In fact, he has been more frugal than every Republican president since Hoover. Part of it is obstruction from Republicans and part of it is a lack of political will demonstrated by the failure to provide a narrative to the American people about why spending is necessary.

    In short, if anyone thinks the Republicans will pay down the debt and be fiscally responsible, you ought to look into the Two Santa Clauses theory by Jude Wanniski.

  • Evie

    The debt is not waiting for our children, they are taking it from everyone now, it is called inflation they just deny it exists, much the same way the unemployment rate of 35% is denied. Denial may not make things go away but sure goes a long way when people have been programed to have a positive attitude. Um people you have been duped again.

  • Disgusted

    My ex is a child molester & a shop lifter from his employer. After his court hearings his legal filings against him were sealed from the public. He holds a city position & a federal government position (who by the way is a Marxist who holds loyalty to Germany not America, with secret clearance in the American Government & he keeps his jobs while a man who placed a cardboard dime cut out in a machine when he was 18 years old loses his job? Am I missing something? Oh never mind, I forgot this is how America’s system works. I knew it because I was raised by the “shadow” government & people ushering in this Utopia are gonna have a huge surprise. The man behind the curtain is not what he is promising. You can look forward to drugging, assults, electricution, rapes by those who are supposed to protect you, locked in crazy wards in what they call a quiet area and if you’re really blessed you can watch your friends die like we did at the hands of the so called “doctors”. I spent my life running from the very enviroment Americans are trying to form. Have people lost their minds? Do you know they will torchure you over your faith in God? Make sure you don’t use the word Jesus because that scores huge points of torchure. Don’t worry the whole time they will ask you repeatedly where your God is now.

    In Urbandale, Iowa the kids are taught loyalty to government & divide & conquer their OWN families & everyone thinks this is what’s best for our country? I have learned this AFTER my family was demolished my oldest comes to me and announces she is a communist and her loyalty is not to family but to Obama…. Welcome to America, home of the really dumb and ignortant who will sell out anyone and everyone for something supposedly free when in fact it is actually theft from one to give to another.

    Obama is handing out some nifty distruction instruction manuels to learn from. My child who by the way is going to college to be a school teacher so she can teach your children loyaty to givernment and not family. My God what a proud parent I am, so sick to my stomach and not one person who even really gets what I am saying, so just gonna post this out there into a belivion and at least it’s off my chest and now I will simply go cry because no one gets what’s going on because they have not seen the men behond the curtain. People think the Iowa Governor is a Republican too… hahahahaha…. nope! The new boss is the same as the old boss which is why he is back in office. God have mercy on this country because this is gonna be really really bad.

    We must not forget that if Iowans CHOOSE Ron Paul for President that your GOVERNMENT will choose FOR YOU the 2nd or 3rd best. Holy cow! Just lay down and play dead people.

    I hope this does NOT get posted on the forum and just is understood to be a ranting to the annoymous face behind this blog. At this point I don’t care. I am too sad to care.

  • cyrus

    Don’t forget about the food problem. How much the world eats vs how much it can produce. Or about how we tanked our space program so China and Russia can do it all.

    All we know is this. Anyone but Obama, why? He says ‘transparency’ But at every corner has proved otherwise, throwing the obamacare plan under the noses of people and giving them 20 hrs to read it and sign it. Trying to pass SOPA and other things to sensor the internet during the NFL. Slight of hand, and shady business. How does that show you can trust someone? Not to mention how poorly set up these things actually are. Giving control to the Media?! That’s insane.

    It’s the big businesses and the Banks that have helped fuel this mess of an economy we are in.

    All you can do is get out there in vote, if you don’t like how things are, it’s quite simple really. Vote for someone who isn’t currently in office. Senators, Governors, Congress, President, Everyone. Once they prove they are not about fair, and our country. Then we should vote them out.

    The world won’t end over this, we just won’t be buying all that fancy stuff that we can’t afford. Dvds/games/new systems, a brand new computer or ipad every year, new cars we cant’ afford, or houses.

    It’s a domino affect. It started with everyone, and it’s going to end with everyone. No one put a safeguard in place to prevent people from abusing anything, and now we are all going to pay for it. So give your ideas to your senators, and get out there and vote.

  • Rhynn

    Michael, don’t fall back into this. Partisan finger pointing plays right into the public weakness that has allowed the situation to get where it is. I’ve seen too much awareness from you that attempting to slap one man’s name on this situation is an absurdity. And it is.

    There is no way anyone objective is going to look at the nation’s situation four years ago and see a whole lot of choices for whomever took it over – especially in the face of a Congress bound and determined to let the country go under if necessary to defy and block everything that President tried to accomplish. If you want to blame Obama for something, blame him for doing the little that every President does to get elected. Telling the public he will do things he has little or no chance of actually doing.

    If you understand at the outset that this is the way of it, there is no “he lied to us” epiphany.

  • Howard T. Lewis III


  • NateGreene

    Obama – 1.4 Trillion during this term
    Bush – 7.3 Trillion First Term
    Bush – 8.1 Trillion Second Term
    Clinton-3.1 Trillion First Term
    Clinton-3.9 Trillion Second Term
    Bush Sr-5.4 Trillion First Term
    Regan – 8.7 Trillion First Term
    Regan – 4.9 Trillion Second Term

    Which is rather impressive when you facter in that the Bush 2009 Stimulous became re-assigned to Obama. All considered, the republican party has done some serious spending against the National Debt according to CBO data.

  • Washington

    Ronald Reagan said this over 40 years ago—notice a similarity to today?

  • hope__floats

    The fiscal gap being present value of all obligations, will the gap reduce if interest rates rise and the discounting factor increases accordingly?

  • Washington

    Drones Over America Jun 17, 2012

    “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.”
    Benjamin Franklin

    • Hildergarde Hammhocker

      Makes you think that maybe they should not have waged a war for independence with those words, USA Governments from the very first one have neither delivered safety or liberty let alone equality for all who live there.

  • I am just worried that not enough people know who Jesus is. You are so worried about what these simple men can accomplish and your not realizing that people are dieing and going to hell. Remember our purpose here is to love one another. Treat people the way you would treat our Lord. Every elected official just cares about them selves. The only way to become an elected official is to promise other elected officials that you will vote there way. There’s no morals involved. Most of our elected officials are posesed. Only one thing on there minds. Make there pockets fatter while we sit here and wait for them to tell us to go defend our country while they sit here increaseing debt.

  • jet

    How can government even manage to spend one trillion dollars, let alone six? In trying to help us wrap our minds around it, they tell us it is like million trillion light years away,or like a billlion trips around the earth and so on… If they really have been capable of spending this massive amount of money, then what does that say about the inflation on this planet!… And that’s the most frightening aspect of this whole thing and what they refuse to mention and what is killing all of us slowly and painfully. They say IF such and such doesn’t happen than inflation will kill us. INFLATION HAS ALREADY KILLED MOST OF US–IT’S HERE!!!
    Media tells us WE ARE spending trillions…who are “WE”? It isn’t I? It’s the government. Let them self destruct and then reconstruct into a viable and realistic institution. Instead, the private sector is suffering the effects and being shut down. SHUT THEM DOWN. They say IF WE don’t get this under control we are going to lose our childrens future, we will sink into an economic collapse. Well, let me tell these elite media guys and gals something: We are in economic collapse, the middle class is NOW being destroyed. What planet are they living on? Not one of those guys have missed a latte or a mortgage payment since this all began. Yet we are supposed to sit attentively in front of our tvs and radios, while they pretend to relate to all the financial destruction around us? Not one of them can relate to any of this destruction, not Rush, Hannity, O’Reilly, Blitzer, Edwards, Matthews,
    LET ALONE CONGRESS, SENATE AND OBAMA! OR ROMNEY!!! They are all MULTI MILLIONAIRES and surround themselves with multimillionairs. Please don’t kid yourselves. Good luck everyone and God bless us.

    • Hildergarde Hammhocker

      Um what you have to think of is that the debt level is the difference between spending and what was actually bought IN..a LOT was bought in,just more was spent, about 52% of the entire worlds defence budget is spent by the USA and when u pro rata that against HEALTH it is shameful but MORE shameful when you transpose those two identifiable areas to other countries and compare the difference, only THEN do you get some idea of how shameful the US is becoming.

  • Amber

    This is the dumbest crap ever! This person is more worried about government debt then the debt that kids already in. Most of them already spend more then what they can afford. The try to go to the best school possible that they can NEVER pay back. The have the big expensive weddings that they can not afford. They buy houses and cars that they can not afford. They buy all this crap that they can’t afford and have NO savings because of it. Most of them will have to work until they die because they refuse to spend money on a retirement fund and actually think that ss will still be around.LOL The kids my age are dumb as hell and wait for mommy and daddy or the government to get them out of the mess they are in. Why don’t people teach their kids about a vaule of a dollar so this doesn’t happen. I’m 25 years old and I’m busy thinking about how to get more money into my savings or retirment then thinking about getting the lastest hottest crap that I really don’t freaking need. I have paid my way through a community college by only taking as many classes I could afford at that time (takes long to get through but I owe no money), I have no debt nor took any money from the government what so ever. Stop depending on the damn government for everything and do it yourself! I’m sorry but I was always taught that life will NEVER be easy and you will not get everything you want. People need to stop living in a fantasy world. Parents need to wake up and actually talk to their kids about this. My parents were always busy when I was a kid with work but still had time to teach me about a vaule of a dollar. Stop making excuses!!This person who wrote this article needs to do some homework of WHO actually spent that money. Obama really hasn’t spent much since Congress will NOT let him.

  • Harriot Hammhocker

    The comments are extremely flawed and this is the reason, to say that between Washingmachine and Bird in The Hand was blah and between then and now is blurb does not tell the story, the story is WHAT is PROPORTIONATE! This is relative to wages then and now, costs then and now, other countries then and now AND what would have happened between then and now had debt NOT been incurred. Articles like this are NO good and what is needed is a total transparency so people can make INFORMED, not emotional and therefore, in the main, irrational and stupid decisions. With all the graphs and information put in here there are no proportionate numbers to make the whole thing rational – because it wasn’t MEANT to be rational.


  • Well, guess what? George W. Bush destroyed America with a pointless war based off of lies and arrogance. And the cost : $1.4 trillion and thousands of lives.

  • Tukadoodle

    Please see the Spires law firm’s RICO case showing who stole $45T from the U.S. It names about 1,600 folks but have not been published. It’s part of the Libor scandal when the NBSC executive’s children and nanny were killed after posting it to the web. It was around the time of the Sandy school ” shooting” as well. Yes it’s mostly NWO democrats and some republicans but Spires only names U.S democrats as the prime 1,600 they name.

  • Anthony Edwards

    Obviously you’ve never met an economist. The debt and the deficit is often represented in spending, and other nations owe us more than we owe any nation. This… makes sense. If you have trade, you can trade in debt. Basically the debt is actually solvency representing trade.

    It is actually in the best interest of OTHER nations to maintain the U.S. national debt… because to do otherwise would be to face their own bankruptcy rather than ours.

    Just as an example, China and Japan alone owe us 2.5 trillion dollars. Some other countries who owe us are Russia, Mexico, India and South Korea.

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