The Beginning Of The End
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The Obama Nation: Even More Debt And Even More Store Closings

Well, it is time to raise the debt ceiling again.  Right now we are about to hit the current limit of $15.194 trillion and the Obama administration is going to ask that it be raised by another 1.2 trillion dollars.  Unfortunately, Congress has already promised not to stand in the way, and so soon the debt limit will be raised to a staggering $16.394 trillion.  Considering how much debt we have already placed on the backs of future generations, what is another 1.2 trillion dollars?  After all, if we are going to sell our children and our grandchildren into debt slavery, we might as well go all the way, right?  Such is the thinking in "the Obama Nation".  During "the Obama Nation", the federal government has already accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.  Of course the Bush administration was nearly as bad at piling up government debt.  Between Bush and Obama (with a big helping hand from the Federal Reserve), they have done a pretty good job of wiping out the financial future of the United States.  If there are future generations of Americans, they will look back and curse those that did this to them.  It is absolutely immoral to steal trillions of dollars from future generations.  Unfortunately, there are very, very few members of Congress that are even objecting to this madness.

Today, more debt just seems to be the answer to everything.  The truth is that debt is not just a government problem.  We are a nation that is addicted to debt.

As of October, total consumer credit in the United States had increased for 12 of the past 13 months.  We simply have not learned the lessons of the past and we are making the same mistakes all over again.

We are living in the greatest debt bubble in the history of the world, and this false prosperity that we are enjoying is simply not sustainable.

But even in the midst of this false prosperity we are seeing a huge number of store closings.

For example, it was just announced that Sears has decided to close between 100 and 120 Sears and Kmart stores.

Once upon a time, Sears was the dominant force in the retail industry, but those days are long gone.  Sears stock has declined more than 45 percent so far this year, and many are wondering how long the company is going to be able to survive.

And there have been other high profile store closings announced during this holiday season as well.  A while back it was announced that all Syms stores and all Filene’s Basement stores will be closing.

Will we all eventually be relegated to shopping only at Wal-Mart?

In the middle of this "economic recovery" that Obama keeps talking about a staggering number of retail stores are closing up shop.  The following is a list of store closings in 2011 that I recently found.  The first number represents the total number of stores being closed for each chain....

405 Blockbuster

633 Borders

200 GameStop

189 Gap

160 f.y.e.

117 Anchor Blue

117 Foot Locker

100 Talbot's

71 A.J. Wright

69 Metropark

63 Friendly's

60 Rite Aid

52 Destination Maternity

50 Abercrombie & Fitch

50 Hot Topic

45 Big Lots

45 Family Dollar

43 Select Comfort

43 Sonic Drive-In

35 Denny's

32 Great Atlantic and Pacific Tea Company, Inc. (SuperFresh, Pathmark Super Market)

30 Ultimate Electronics

28 Dominos

25 Superfresh (Great Atlantic & Pacific Tea Company)

20 Lowe's

Sadly, it looks like things are going to get even worse next year.  One consulting firm is projecting that there will be more than 5,000 store closings in 2012.

The United States is piling up unprecedented amounts of new debt at a time when our economy is dying and our ability to produce wealth is diminishing.

All over America right now, poverty is absolutely exploding.  Millions of people that never dreamed that they would have to reach out for help now find that they have no other options.  The following comes from a recent article in the Fiscal Times....

For years, the food pantry in Crystal Lake, Ill., a bedroom community 50 miles west of Chicago, has catered to the suburban areas’ poor, homeless and unemployed. But Cate Williams, the head of the pantry, has noticed a striking change in the makeup of the needy in the past year or two. Some families that once pulled down six-figure incomes and drove flashy cars are now turning to the pantry for help. A few of them donated food and money to the pantry before their luck soured, according to Williams.

“People will shyly say to me, ‘You know, I used to give money and food to you guys. Now I need your help,’” Williams told The Fiscal Times last week. “Most of the folks we see now are people who never took a handout before. They were comfortable, able to feed themselves, to keep gas in the car, and keep a nice roof over their head.”

But not everyone will ask for help nicely.  As the economic numbers continue to get worse, desperate Americans will lash out in wild and unpredictable ways.

The following is from a local NBC station down in Texas.  In the days to come, this type of report will become quite common....

A 19-year-old Houston-area man says he was beaten and a friend was slashed in the face as a group of men robbed him of his new pair of expensive Air Jordan shoes.

We will also see more mass protests and more mass riots as the months and years roll along.  This country is going to become increasingly unstable.

Check out this video of a massive brawl that erupted inside Mall of America the other day.  Soon scenes such as this will become so common that they will not even be newsworthy anymore.

In response, many Americans will get sick and tired of waiting for the police to protect them and will take matters into their own hands.

In fact, we are already starting to see this.  For example, just the other day a store clerk down in North Carolina knocked a would-be robber out cold and then forced him to clean up his own blood after he woke up.

There are millions of Americans out there that are not going to put up with a whole lot of nonsense.  When desperate criminals try to rob from their homes or businesses it might not end well for the criminals.

Of course it would be much nicer if the federal government would do some things to actually fix the economy and avoid some the problems that are looming on the horizon.

Ah, but that would interrupt their vacations.  Right now, the U.S. House of Representatives is on vacation until mid-January.

If you can believe it, Congress does not work for most of the year.  Normally they are scheduled to be in session for about a third of all the days on the calendar.

And Obama is certainly taking it easy.  He is enjoying yet another vacation.  As I wrote about yesterday, it has been estimated that the Obama Hawaiian vacation this year will cost somewhere in the neighborhood of 4 million dollars.

Yes, it is tough being the head of the Obama Nation.

Sadly, a lot of Americans still have faith in these jokers.

According to a Gallup poll that was just released, Barack Obama is the most admired man in America by far and Hillary Clinton is the most admired woman in America by far.  If you can believe it, Barack Obama has held the top spot for men for four years in a row, and Hillary Clinton has held the top spot for women for ten years in a row.

When are we going to learn?

Someone once said that insanity is doing the same thing over and over again and expecting different results.

Well, the American people keep sending corrupt politicians such as Bush and Obama to the White House and they keep expecting things to get better.

It just isn't going to happen.

If we stay on the current path that we are on, there will be a lot more store closings, the economy will continue to crumble and government debt will continue to skyrocket.

Minor changes are not going to cut it.  We need massive changes on a fundamental level.

Unfortunately, neither political party is offering massive changes.  The Republicans and the Democrats just keep offering the same tired solutions and they keep promising that they can "fix things" if we will just send more of them to Washington.

Hopefully the American people will wake up and see through these lies because time is running out.

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  • mel

    The only sure thing about Obama administration is debt and deficit.

    • knightowl77

      …and golf…Lots of golf or hoops

    • richard

      Amen!!!

  • M. Hapney

    Politics is a fraud. Don’t vote. Don’t even think in terms of Obama this, or puppet B, C, D.

    Who is crowned head puppet is of no consequence. They are all bought and paid for; well Ron Paul might be an exception, but has no chance. The banker media selects who is the head puppet.

    Your input is meaningless. It is a rigged game. A one-party, two-headed, banker controlled smoke and mirrors show.

    • Ouida Gabriel

      I agree. I pulled all my support stickers off my vehicle and torn up my voters card. I will never vote again because I am tired of being a pawn in the system. With so much voter fraud it doesn’t matter who I vote for. Besides, we all know it is not going to end pretty anyway. Sad but true.

      Ouida Gabriel

  • Newton

    It is a testament to just how strong the United States — WAS —-

    You cannot name me another economy that could take this constant barrage and still stand.

    Everyone please keep in mind – this is NOT over
    Not by a long shot. Sometimes on these sites I get the feeling that alot of people would actually like to see disaster or calamity

    This is a global event people – their is no oyher country poised any batter than the USA; pay ayyention and prepare as the time draws nearer

    • REED RICHARDS

      Newton,

      And yes, you are 100 percent right. I am the head of that caucus. I want to see as much death and destruction inflicted on a people too stupid to realize when they have been had. For Obama and Hillary to be the most admired man and woman on record, with the staggering body count that they have racked up, is a testament of why disaster and calamity needs to strike the asylum states of amerika………..

    • Tapper P.

      There is no other country poised any better to go through a global collapse? Sorry, wrong. We have the worst balance sheet of any nation. We are a nation of deluded, spoiled slobs.

      No standard of living will fall as far as ours. In fact, some will rise and we shall surely fall.

  • Lennie Pike

    Everything is going right along to plan. Obama will be elected again – the world loves him, and he is the chosen liar who will carry on with the destruction. Who is this guy anyway? Americans are oblivious to the fact that this is intentional destruction of the U.S. and that returning to the rule of law in the U.S. is the world’s last chance at freedom.

    These planner globalists are not communists, communism has never existed anywhere – only totalitarian police states with the elite living the good life and the rest of the imprisoned slaves supporting them. These atheist bastards think they are God, they think they have all of the answers to obtain a peaceful and perfect world – just like a maximum security prison, or a cult made up of controlled robots.

    They fail to see themselves as the cause of war and worldwide human suffering. The average person is family oriented, naturally peaceful and hardworking with no interest in war. It is well known by reading history that these elite pricks believe they are smarter than everyone else and were born with more rights than others. Due to this false belief, they cause the world’s pain and suffering.

    The truth is that these idiots are not very good at doing anything other than advancing politically through backstabbing and ganging up with one another to abuse others, and depend on the ones they think are less talented to do it for them. Take Joe Biden for example. Come up with your own list.

    The world totalitarian police state will be peaceful alright – for a short while – after millions are killed to achieve this peace. The killing won’t bother them one bit because they are doing “good” – they are achieving world-wide “peace” – doing “Gods” work as Lloyd Blank Fiend says.

    • Tim

      “Wait on the LORD, and keep his way, and he shall exalt thee to inherit the land: when the wicked are cut off, thou shalt see it.
      I have seen the wicked in great power, and spreading himself like a green bay tree.
      Yet he passed away, and, lo, he was not: yea, I sought him, but he could not be found.”

      (Psalm 37:34-36)

      • Ouida Gabriel

        Don’t forget Isaiah 41 – particularly verses 10-14.

        • gary2

          Michael-like I said dedicate a site poeple can quote bible verses back and forth.

          Did you hear the one in James?, No but the one in Titus…

          I think it would get pretty old fast

      • Lennie Pike

        Believe it or not, I am and will continue to wait peacefully and patiently (my intentions at least) and have zero fear or worries. Keeping the Lord’s way best I can – it’s just that I am not 100% sure that “love your enemies” applied to satan’s children.

  • DownWithLibs

    Thanks for listing the companies NOT to buy stock in! And as for the Air Jordans, given what people were doing just to get them out of the stores, even I knew it would be insane to wear them out of the house. It just isn’t worth your life to own a pair of shoes.

  • r.bitting

    There are many on this site daily who have yet to wake up. Republicans blaming Democrats, and Democrats blaming Republicans, It’s a never ending dose of finger pointing, left vs right has become the national pastime. Anybody who thinks voting in 2012 will solve our problems is delusional. This nation is about to implode and no politician, no matter how good, won’t stop whats coming, they won’t even slow it down. America is where it’s at today because it has forgotten the creator, and gone it’s own way. Whether you believe in God or don’t believe in God, you cannot deny the fact that America has become a moral cestpool. Take the 10 commandments from the schools ( 1963 ) and what you have are succeeding generations since then, where society has gotten exponentially worse with each passing generation. What was once unacceptable to the grandparents, has become the norm with the grandkids. The moral boundaries are being redefined or erased altogether. When a nation forsakes God, Romans ch. 1 will always result. This is exactly what you are seeing now. The economic mess, the political corruption, the fragmenting of the family, the entitlement mentality, and a host of other problems from STD’s to overcrowded prisons and the list goes on, these are merely symptoms of the disease, and it’s going to be terminal unless the great physician Jesus Christ is sought. Read Romans ch. 1, even if you don’t believe the bible, read it, and read America’s demise as it’s happening.

    • Kathy Smith

      I thank God every day because I know He & only He is in control. Love your comments r.

    • Gay Veteran

      r.bitting, are the Ten Commandments in YOUR home and church?

      yes? then do they need to be in our schools?

      • Lennie Pike

        Why shouldn’t they be – you got something against them?

        • Gay Veteran

          Ten Commandments in school? why do you need the power of the state to push your religion?

          • Lennie Pike

            Did I say that they should be in school? No, I asked you why they shouldn’t be and if more importantly – if you had anything against them.

            I also do not believe they should be in school – what and individual believes is his or her own business – we will all be leaving this world alone.

      • r.bitting

        Yes they are in my house and in my churh, and yes, they do need to be in our schools.

        • gary2

          Hey-I never coveted my neighbors man servant! I have kept that one 100%.. As for the other 9….

        • Gay Veteran

          is your religion so weak you have to use the schools to indoctrinate kids?

          • Lucinda

            Why teach them atheism? This too is a religion. Why teach them about the theory of evolution because this too is a religion? Why teach them about homosexuality? This too is a religion. The whys can go on and on. Remember this was a nation founded on Judeo-Christian beliefs. Why not go back to teaching children the basics: reading, writing, arithmetic? Leave the issues of morality, sexuality, etc.. at home if you don’t want the 10 commandments; then we don’t want your monkey ancestor, homosexual loving life style, etc… to be taught either.

    • Lennie Pike

      Lucinda,

      You left out bestiality – I think they are teaching that as acceptable now in government schools also – at least I know it is allowable in the U.S. Military now that “Don’t Ask, Don’t Tell is no longer in effect – which is fine with me, a pissed off Homosexual can make a lethal soldier – but bestiality?

      Will the taxpayer now have to pay for fencing in pastures on Military Bases? We are taxed enough already.

  • 007

    People should not doubt that all this borrowing and deficit spending can go on without consequence. We as a country will eventually have to pay every dollar back with interest. Obama continues to want to live high off of the credit card and blame someone else when it is cut off.

    Everyone thinks Ron Paul’s foreign policy is not main stream. I believe we will have no choice but to adopt it in the next few years. We will be too broke to be the worlds police man.

    This will not end well. When the Roman Empire collapsed, it brought on the dark ages.

    • knightowl77

      I disagree with Ron Paul in that a nuclear Iran is a problem for the world. I also think that we need to reduce our presence overseas dramatically, though I would not close all our bases. But I think that we could do with 2/3 less bases…
      That said, I fear my Gov’t much more than I fear terrorists or foreign nations. He is also the only one serious about returning to the constitution. He is the only pol talking about actually cutting spending and returning power to the states.
      Sooooooooooo even though I disagree with the guy about his foreign policy, our main problem is domestic…and he is the only guy who will try and deal with it…Vote Ron Paul

      • Gay Veteran

        IF the Iranians want nukes then it is to protect them from our aggression

        we helped overthrow the democratically elected government of Iran in the 1950s and installed the dictator Shah

        • knightowl77

          I don’t doubt that the Iranians have some legitimate concerns and reasons for wanting nuclear weapons…I also don’t doubt that they are more likely to use them when they get them than any other nation….

          I still think OUR Gov’t is a greater threat to me and my friends than the Iranian Gov’t even with a nuke which is why I am voting for Paul.

  • http://lnx-bsp.net/ Tel

    You say:

    It is absolutely immoral to steal trillions of dollars from future generations. Unfortunately, there are very, very few members of Congress that are even objecting to this madness.

    Morality has nothing to do with it, future generations will simply shrug and refuse to pay. Think about it… the only way that the US government can pay this debt back is by raising taxes. We can quibble about whether to tax the rich or tax the poor, but let’s suppose somehow they figure out how to tax everyone, at double the current rate. Suddenly the incentive for anyone to work and pay taxes just goes out the window. The rich won’t be able to stay rich if no one wants to work for them.

    Default is the absolutely inevitable outcome, and it’s gonna be a biggie. Almost certainly their chosen vehicle for default is going to be inflation. We are just circling around to see who goes under first.

    • Joe

      Looks like to me if they can wave a wand to create money without even printing it, they can just wave the wand and cancel the debts. I am an ignorant person however.

      I think global government is of course coming, although I believe nations will ostensibly remain sovereign (we are transitioning to this even now, this isn’t a crackpot theory but reality.) I also believe we will transition to a global planned economy and perhaps a global credit system rather than cash currency.

      There will be millions killed and imprisoned who rock the boat, but it will be a boon for most. The people will worship the one who gets us out of the coming collapse mess. Literally.

      • http://lnx-bsp.net/ Tel

        Yes they can “wave the wand and cancel the debts” and the name for this is a default. For example, the US treasury could simply refuse to pay back any bondholders, it’s been done in places like Argentina.

        I think it highly unlikely that this will happen, but in principle there’s no reason to stop it from happening.

    • Robert

      Hyperinflation will likely be used to steal the remaining wealth of Americans, and then to setup a global police state. Read Rawles’ novel, “Survivors: A Novel of the Coming Collapse.”

    • Lucinda

      No, they won’t pay for it out of their pockets, but with their backs or lives they will pay for it. Ever heard the borrower is servant to the lender. This is the course for the future. Call it what you want….serfdom, indentured servants, or slaves. It’s all the same. They have the power and they will have to conform or die.

  • Rodster

    I have been reading the book by Tim Scott “A Case For A New America”. It basically says the same things, it’s an excellent book at stating the outcome. If we continue down this path there will be NO economy left for ANYONE on the planet.

  • http://lastdayrapture.blogspot.com/ TK

    Yes, time is running out. Too many are brain washed into thinking that the status quo is never going to stop.

    Vote for Dr. Ron Paul!
    He wants to end the fed and get rid of the IRS!
    Dr. Ron Paul wants to put an end to the status quo!

  • Gary2

    Tax the rich and spread the wealth. Here is my hope for 2012:

    Obama will easily be re-elected he has no real competition. He will then be the progressive we thought he was in 2008 and abandon his conservative policies and govern from the left. 2012 will be the year of taxing the rich hard and spreading the wealth more evenly. This will then put more money in average peoples pockets (taken back from the rich scumbags pockets who stole it from us in the first place) who will spend it thus generating demand and UE will slowly come down.

    The nightmare scenario would be for the repubes to win anything but given the imbeciles running I am not worried.

    I hope we get a new new deal program to usher in years of prosperity. We on the left are getting rid of DINO’s like Ben Nelson just like the tea baggers did on the right.

    • Malcolm Reynolds

      Your idiot ideas are the problem, NOT the solution.

      • gary2

        Ok Rush!

      • DownWithLibs

        You do realize that you are just beating your head against a wall trying to talk to this Ultra-Liberal joker. He wants another “New Deal” which will only keep the depression going just like the first “New Deal” did in the ’30′s!!!

        • Gay Veteran

          hey DownWithLIbs, it was all that government spending in WWII that ended the Depression

  • tappedops

    After Hapney,Pike and Bitting… theres not much else to say… i guess the the old-skool truthers worst nightmare is going to be when the main-scream media bubble bursts and the sheeple all scream out “OK… you were awake seven years ago, big deal smart guy, now what do we do?”

  • juan smith

    Does it mean that this country will be in really really big trouble when Walmart starts closing stores?

  • Sid Davis

    We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

    That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,

    That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”

    Is it time yet?

    • knightowl77

      Very very very close

  • McKinley Morganfield

    2012 will be the year when the murder of crows come home to roost. Don’t blame the crows for they are merely doing what crows do.

  • callmecordelia1

    Very frightening. Watching the debt increase at such speed makes me think about the “hockey stick” on an exponential graph. You don’t know you’re in trouble till the last moments and by then it’s far too late. I hope everyone is preparing the best they can. I’ve been pretty careful to prepare, but I could be doing a lot better. My new year’s resolution is to cut out all unnecessary spending and really buckle down.

  • Steven Cox

    The looters are in the drivers seat. The only hope for those of us that are being looted is Ron Paul.

  • http://EconomicCollapse Already Gone

    “You can lead a Horse to water but you cannot
    make him drink” This a an example of what people who are trying to educate america as to what is coming are facing. alot of individuals
    feel that they are always right and refuse to see things differently alot of people believe that the government will take care of them if something happens but at the same time people who see what is coming and take steps to prepare for bad times are considered “potential terroists” Here is an interesting topic i would like to bring to your attention michael the other day i went to the clinic for a checkup and to get my prescriptions renewed the nurse said that she had some more questions for my
    records She asked me if i had any weapons and I replied who wants to know that she said that they wanted to know if i was anti-government also questions like are you homicidial do you have any pets do you have a smoke detector in your house do you have any kids? my feeling is if a person answered any of these questions wrong the red flag will appear and there name will be on the suspicious list. Military surplus stores are being asked to monitor people who shop at there stores so all I Can say
    people is that we are in serious trouble and there is going to be hell to pay for down the road.

  • REED RICHARDS

    Michael,

    Just curious, but what is the average wage at these dead end jobs stores anyway? Looks like the last bastions of disaster capitalism have now gone by way of the Whigs…………And the sooner the better!

  • http://www.planorperish.com Gutter Economist

    Connect the dots:

    (1) The US government is going deeper into debt.

    (2) Multinational corporations are accumulating vast amounts of cash.

    (3) When it is time for the US government to default, guess who will bail out (take over) the US government?

    (4) Guess who will finance the US military to maintain order?

    Multinational corporations truly believe that a “New World Order” with them in charge instead of sovereign governments will be the answer to the problem of world instability.

    Most politicians have already signed on to the the New World Order. Instead of being politicians from a given state, these politicians are representatives from one or more corporations in the same state.

    After the coming economic collapse, the US government will announce that they have “contracted” with private industry to get the economy moving again. Later we will find out that our government has been replaced.

    The National Debt

    Considering how much debt we have already placed on the backs of future generations, what is another 1.2 trillion dollars? After all, if we are going to sell our children and our grandchildren into debt slavery, we might as well go all the way, right?

    Two thirds of the national debt is owned by Americans. Our new government will simply default on this part.

    Fooling America

    The Republicans and the Democrats just keep offering the same tired solutions and they keep promising that they can “fix things” if we will just send more of them to Washington.

    A perfect example is the Gingrich Jobs and Prosperity Plan:

    http://www.planorperish.com/?p=7269

    Unions, a healthy middle class, and democracy will not be part of the New World Order.

  • http://www.TotalCollapse.com TotalCollapse.com

    BBC Television’s live production of George Orwell’s “1984″.

    Produced in 1954.

    http://totalcollapse.com/videos/

  • Ricardo

    Watch this 10 min. video about a RESOURCE-BASED ECONOMY, an alternative to this shit. Like you said, change must happen in a fundamental way now.

    http://www.youtube.com/watch?v=CU0FSxtFoiU&feature=related

  • Forrestcat

    the solution to the american socio economic problem is to kill free trade..hence North Korea is a good role model…if not..people like obama will still be elected and allow us evil godless Asians to export plastic stuff that cost 50 vents to make at $300 to Americans.

  • William

    The Obummer is a total and complete FAILURE. He is the same pawn of the Satanic Bilderberger/Illuminati/Freemason crowd as Bush was. The worst problem with the Obummer is that there is NO decent Republican candidate for whom to vote, less Paul. Paul has no chance because the controlled mass media LIARS spin and lie against him. Even if Paul was able to get the Republican nomination, the very same group that eliminated JFK would be very, very unhappy, and you know what happened to JFK.

    • murf1224

      I have read several comments that say Ron Paul is the only repub worth considering. Has no one heard of Buddy Roemer? http://www.buddyroemer.com/
      I know that the media has a virtual blackout on coverage of Roemer but I would think that people who come to this site would have knowledge of him. If Roemer was as well known as some of these other assclowns, he be able to easily beat Obama in the general election.

  • Donald Wilson

    Most politicos are just plain carpet baggers and thievves. Throw the lot in prison.

  • truthtoldtrue

    You say We are a nation that is addicted to debt. That is bull ******. I have to say I have no money, but I do NOT owe one red cent on credit cards or a mortgate. The reason I have no money is because I have to pay insane taxes on my house, which I supposedly own. Food is expensive, heat is expensive water is expensive, so I use the little cash I get at my 10.00 dollor an hour part time job to pay those things. I REFUSE top use any type of credit card or get another mortgage! Don’t put everyone in the same bucket of debt junkies. Know who you are talking about be fore you talk about them.

    • DownWithLibs

      Don’t you just love the rigged game! You “buy” your house only to pay “rent” to the Gov. for the rest of your life!!!

  • TucsonKK

    Yes blame Obama for all this Debt

    Didn’t Congress just vote on Defense Spending Bill for $650 Billion and there is no money left for other spending.

    Obama did not vote on this bill so blame the Bought & Paid For Crooked Congress

  • Self-employed

    In a recession it is certainly not surprising to see stores close. These numbers would be more meaningful if we had a comparision between the volume of store closings this recession with the volume in prior recessions. Otherwise we are just overwhelmed by the immediacy of the problem and can’t put it in perspective.

  • Self-employed

    It is most surprising, however, to see Big Lots and Family Dollar closing 45 stores each. Both of these are discount chains you would think would be better positioned in a recession.

  • luis

    Every go to http://www.toxicjunction.com an Type /soldier kills dog/ Crap like this pissed the hell out of me we american soppost to be helping not ***** killing poor dogs this show me the some of the trooper are ************ u dont ******** kill a dog come on MAN I AM A ***** US MERCENARIE i dont ******* need to shot a dog does there other ways to control animal u *********** an ************ guns an obama an the world we need GOd to take control…………..

  • Patriot Alice

    Pres. Obama promised he would reduce our national debt. By the end of his first term our debt will have doubled..LIES, LIES, AND NOTHING BUT LIES. I don’t believe any politician will cut the debt except maybe Ron Paul. Everyone has lied with a great big smile on their face. I don’t believe Ron Paul will either but, he is my last hope. Print, borrow and spend is not working for the American people, WE HAVE TO CUT EXPENSES…THAT’S IT….

  • WM

    Great article. I like the part about the store owner fighting back. There are a lot of Americans out there who legally own firearms, and they are getting sick and tired of loser criminals trying to take what is not theirs. As the economy gets worse, crime will increase, and I am sure we are going to see more would be crimes stopped by citizens fed up with criminals and the incompetant judicial system(at least here in New England) that does not correctly punish law breakers.

    It is so ironic, the government wishes to strip the 2nd ammendment rights from law abiding citizens, but funny how criminals with long records almost always seem to have a firearm on them?????

    • Lennie Pike

      Government will always take care of their own allowing violent criminals to own firearms.

  • Barn Cat

    No, there won’t be ANY debt for future generations. The Federal Reserve will print so many dollars that the dollar will become worthless. Eventually the federal government will default on all its obligations including social security, food stamps, medicare, medicaid, and federal pensions. The turmoil we’ll see in the future will lead to the one-world government prophesied in Revelation.

  • http://www.robbysworks.com Robert

    1. Teach Austrian economics in high school. If high schools don’t teach it, teach it in your home.
    2. Require an IQ test for all applicants to public office, including Congress and police; minimum IQ required should be 110 or above. Anyone who cheats should be imprisoned without parole for two years and made ineligible for any job in the public sector, for life.
    3. Make all lawyers ineligible for elective or appointive office.
    4. Move the Supreme Court to Montana and remove all means of communication between them and Washington D.C. Provide them with a copy of the Contitution and deny them access to television, phone calls, the Internet, and all other printed material.
    5. Limit every bill introduced into Congress to one page of readable type.
    6. Incinerate any person who gives money to a member of Congress.

    • http://lastdayrapture.blogspot.com/ TK

      +1 Great ideas, now how to implement them?

  • JustanOguy

    Obama $4 Trillion Dollars ago when it was Irresponsible and Unpatriotic to be racking up so much debt….

    http://www.youtube.com/watch?v=1kuTG19Cu_Q

  • mark

    There will not be a fix for the spending problem that we have in this country. Any pol that runs for office and says that they will cut the amount of your government check will not be elected to office. That means our econmic bus is stuck in a spending rut with the tires removed. We are traveling on the rims with the bus going over the cliff. A change in parties can only slow the speed a little. I have given up to hope for economic change. Now I hope for liberty, but that seems to continue to fade into the sunset also. I guess we better start to hope that more will start to prepare and help out others.

  • CTD

    where is the government income from? Tax, Tax and Tax until we (the Tax Payers) can’t pay tax then the government take it and sell it and pay for the debt. it is very simple solution because American had a lot of land on earth. American had a lot of debt but many others conutries are not any better; however, the federal reserve can print money as much as they wish comparing to others countries they can’t print any money at all; therefore, American is always still better than many countries in the world.

  • monk

    Not just for the Obama admin but for every admin during the past four decades, and not just government but also corporations and households borrowing and spending happily.

  • 53% er

    This country has a one party system with two extreeme worthless factions
    Get rid of them and the pure wasteful garbage they support and this country just might have a chance.
    My late grandfather had a farm in Kansas until the day he died, he never once needed the Governments or a banks help, he always had savings for the bad seasons, and he and my father never ever went hungry.
    Unlike the 47% blood sucking leaches the 53% ers are forced to support (who would starve and die if the checks stop coming)

    • REED RICHARDS

      53% er,

      Ah, one of the minions of the 1% percent. Peter Schiff must be writing your checks. Trust me, when the amerikan economy completely collapses, the “47%” that you rail about now will be the last thing on your mind………

      • 53% er

        No I will worry about the 47% because they will have all the guns and the blessing of our “Nero Fiddling Government” to take what the 53% have left.

        • gary2

          go back to your little compound in Idaho and do your mental masterbation while reading Ayn Rand.

          Just sit back and we on the left will fix this country. Hopefully we vcan be on the road to be like the Scandavian countries who are beating us on every measure.

      • quick

        Keeping the 47% away from my preperations will be the first thing on my mind

  • mondobeyondo

    I shudder to think what America will be like in another 4 years, especially if Barack Obama is re-elected. This guy is giving Herbert Hoover a run for his money as one of the worst presidents ever. But he’s not quite at Hoover level yet. By late 1932, Hoover didn’t even try. He just threw up his hands and gave up… “We are at the end of our rope, there is nothing more I can do.”

    The America we knew and loved is disappearing fast, just like that huge Sears “wish book” that Grandma coveted. In another few years, there will be one shopping megachain (Wal-Mart – “The Place America Shops!” tm), one national airline called United American Delta, and everything else will be either bailed out or bankrupt.

    So long, blue light special. See ya, Kenmore, Craftsman, Maytag and Whirlpool. Bye, bye Miss American Pie.

    Also, in the future, everyone will be famous for 15 minutes. (Andy Warhol)

  • cachon

    I thought that closing more stores is good!! We need to save more and and slow down to fill up the trash can!!!!

  • jolt

    Our country is going down the tubes
    fast.

    We still have not learned from the
    past.

    There is hope if we would just listen
    to the past and correct our ways.

    Seems like all countries that rise and
    fall go through 7 stages.

    http://theelevationgroup.net/yearinreview/index.php?a_aid=160667&a_bid=418a665e&chan=y

    Massive wealth is in the process of
    changing hands right now.

    Past history reveals what is about
    to take place.

    Find out what we are in store for
    in this nation.

    http://theelevationgroup.net/yearinreview/index.php?a_aid=160667&a_bid=418a665e&chan=y

  • Rancher

    It is numbers, percentages, risk, debt, over spending, broken unfunded promise, over crowding, shrinking food/water supplies and deep deep corrupt.

    Now for the bad news. No one can or will do much to stop the end results. As a result it will self destruct as the result of an unexpected disaster or sudden nations actions to start the dominoes falling.

    Many will simply die. Pick the way… but it little matters. Many will try to survive and perish later. Some will make it and have much to re-build with. Wealth will not determine those who live and die. What you do now before it falls will influence that much more.

    What are you actually doing about what is all posted here and all over? This time there is no wealthy nation to bail out the world…. Nations are already turning inward to try to protect themselves from other nations. That will trickle down to your neighborhood as well.

  • GoneWithTheWind

    To say Bush was nearly as bad as Obama at piling up debt seems odd. Obama ran up more debt in 18 months then Bush did in 8 years. “Nearly as bad”??? Obama debt is about $6 trillion in his three years and looks like it will exceed $8 trillion for his four years.

    • Na-ganna-dah-it

      I’ve been following this blog for a while and noticed a trend of Obama bashing which I don’t agree with.

      Here’s an analogy, if the captain of the Titanic handed off command to someone else 1 minute before impact, who in their right minds would blame the new captain?

      What the hell else could he (Obama) do following 8(plus) years of bad policy and a right-wing congress blocking nearly every piece of reform legislation?

      Let me put it this way, you think McCain/Palin would have fared better? …The mind recoils

      • knightowl77

        It would recoil….using your analogy, the captain of the Titanic handed off command to the navigator that had set the course….
        Starting in 07, Nancy Pelosi ran the House which is where all budgets start. Harry Reid ran the Senate where Barry Obama was the Jr Senator from Illinois who voted “Aye” on the budgets and the bailouts….Its not like he parachuted in from Kenya to take over without a clue of what was going on two years before he took office…..He was there all along, voting, campaigning, and railing about Bush and his deficits, only to increase them when it was his turn….

        I am not defending the shrub, only pointing out that Barry Obama voted for what he inherited…Sucks doesn’t it?

      • quick

        A bad arguement and a bad analogy- If Obama would have only kept his promises. The most important and the first to be proven a lie was “the most open and transparent administration ever” <— this was the biggest and worst BOLD FACE LIE and he had a Dem majority house and senate for the first 2 years.

        But it's not his fault – He was a 1 term Jr. Senator with ABSOLUTELY NO EXPERIENCE at running anything and this country elects him Pres of the free world – He is just in WAY OVER HIS HEAD and really needs to go.

        • quick

          PS – Does not matter if its Dem or Rep – I fear the time to fix this has past – squandered by an inexerienced and clueless leader.

  • mondobeyondo

    Pity the poor Maytag repairman. It used to be, back in the day, this guy was bored to death because Maytag products were so reliable, they never needed to be repaired.

    Now, the Maytag repairman is not only idle, he’s unemployed. Forced out by Wal-Mart and Best Buy selling foreign made products, like their “Panda Fluffy and Clean” washing machines. (I made that up. Hope you know that.)

    Quality has taken a back seat to affordability. Is it a fair trade-off? Weeelll… would you want an American made washing machine that lasts 20 years? Or a Chinese made one that lasts 5?

    • Robert

      Too cheap to last, to cheep to repair. So they fill our landfills with countless junk, as well as with hazardous materials such as lead and cadmium, which would be illegal in similar U.S. manufactured items.

    • gary2

      you got that right. I read that the new flat screen TV’s are only designed to last 3-5 years. We recently had to purchase a new clother dryer as the old one of 22 years had a lint fire and it is not fixable. The applicance guy said that the new ones are not even close to the quality of the old ones.

      Way off Topic but:

      As an aside-everyone needs to check their dryer where the vent comes out of the back of the dryer and clean up any lint accumalition. The fire was contained to the dryer and nothing else was damaged but it sure could have been a lot worse. Recommend checking this every 2 years.

  • Zedge hero

    The definition of insanity is doing the same thing over and over and expecting different results.
    Misattributed to various people, including Albert Einstein and Mark Twain. The earliest known occurrence, and probable origin, is from a 1981 text from Narcotics Anonymous.

  • Alasha

    Porter Stansberry, End of America guy, was on the Alex Jones show recently and he did not own the fact the catastrophic event he talked about in 2011 did not occur. Then he said he thought things may appear to improve for awhile – something about inflation. I am sooooo confused. The rule used to be Stocks down, Gold Up. Now, both will be down. Stocks up and Gold still down. Nothing makes any sense.

    Help us Lord

  • Pastor Donald Eskine

    Judgment against the U.S.A.

    1 The Lord, the LORD of Heaven’s Armies, will take away from America everything they depend on: every bit of bread and every drop of water, 2 all their heroes and soldiers, judges and prophets, fortune-tellers and elders, 3 army officers and high officials, advisers, skilled craftsmen, and astrologers. 4 I will make boys their leaders, and toddlers their rulers. 5 People will oppress each other— man against man, neighbor against neighbor. Young people will insult their elders, and vulgar people will sneer at the honorable. 6 In those days a man will say to his brother, “Since you have a coat, you be our leader! Take charge of this heap of ruins!” 7 But he will reply, “No! I can’t help. I don’t have any extra food or clothes. Don’t put me in charge!” 8 For America will stumble, and U.S.A. will fall, because they speak out against the LORD and refuse to obey him. They provoke him to his face. 9 The very look on their faces gives them away. They display their sin like the people of Sodom and don’t even try to hide it. They are doomed! They have brought destruction upon themselves. 10 Tell the godly that all will be well for them. They will enjoy the rich reward they have earned! 11 But the wicked are doomed, for they will get exactly what they deserve. 12 Childish leaders oppress my people, and women rule over them. O my people, your leaders mislead you; they send you down the wrong road. 13 The LORD takes his place in court and presents his case against his people! 14 The LORD comes forward to pronounce judgment on the elders and rulers of his people: “You have ruined America, my vineyard.
    Your houses are filled with things stolen from the poor. 15 How dare you crush my people, grinding the faces of the poor into the dust?” demands the Lord, the LORD of Heaven’s Armies. 16 The LORD says, “Beautiful America is haughty: craning her elegant neck, flirting with her eyes, walking with dainty steps, tinkling her ankle bracelets. 17 So the Lord will send scabs on her head; the LORD will make beautiful America bald.” 18 On that day of judgment the Lord will strip away everything that makes her beautiful: ornaments, headbands, crescent necklaces, 19 earrings, bracelets, and veils;
    20 scarves, ankle bracelets, sashes, perfumes, and charms; 21 rings, jewels, 22 party clothes, gowns, capes, and purses; 23 mirrors, fine linen garments, head ornaments, and shawls. 24 Instead of smelling of sweet perfume, she will stink. She will wear a rope for a sash, and her elegant hair will fall out. She will wear rough burlap instead of rich robes. Shame will replace her beauty. 25 The men of the city will be killed with the sword, and her warriors will die in battle. 26 The gates of America will weep and mourn. The city will be like a ravaged woman, huddled on the ground. Is 3:1-26

    • gary2

      again Michael-a site is needed for people to throw bible verses at each other.

      • Michael

        I am glad that we get people with a vast array of ideologies on this site.

        Personally, I believe that the Bible is very relevant to what is going on with the U.S. economy.

        Michael

  • BenjiK

    “After all, if we are going to sell our children and our grandchildren into debt slavery, we might as well go all the way, right?”

    I see the “saddling our children with debt” projective argument all the time, however, aren’t WE in trouble, RIGHT NOW? I completely agree with the premise but the truth is we are broke and in debt up to our eyeballs AS WE SPEAK. If we can’t contain our present debt addiction I’m afraid this generations deficits are going to be the least of our children’s problems.

    I thank you once again Michael for all your hard work. It was previously frustrating holding serious discussions with friends and family regarding these kinds of topics. Now that I have steered several of them to this site, we are all much more informed and can have meaningful discussions and offer thoughts and solutions with real substance.

    God Bless brother, and keep on fighting the good fight.

  • Cinderella Man

    Gary2, when are you going to realize that you are a Democrap tool? Your entire party is abandoning Barry Soetoro in droves! They are coming to their senses, and realizing that Obama ia a FN liar and the only change he has brought them is in their pockets! Ron Paul is going to mop the floor with the fake Neo-Con repukes and the democraps and a new age of freedom is going to come to america! Real Hope! Real Change! and you Gary, my friend will have to sink or swim on your own and have to fend for your self! The rest of us taxpaying citizens are sick and tired of supporting deadbeats, leaches, illegal aliens, banksters, politicians and many people like yourself Gary! Your time is up! If Barry gets another term all hell is going to break loose in this country! Because WE ARE PISSED!

    • gary2

      you will need to be pissed as he is easily going to win.

      Ron Paul was outed for being a racist with evedence he can not refute. He is finished.

      I agree Obama has been way too conservative and I hope in his second term he is the liberal I thought he would be in 2008.

      I am much more involved in the state level and local dem party. The national dem party has too many DINO’S

  • Hucklebuck

    You recount the clerk defending himself as though that was the sign of decay. The criminal is the sign. Having to clean up after himself changes nothing.

    • Michael

      I wasn’t saying that what the clerk did was a bad thing.

      It is always a good thing to defend yourself.

      Michael

  • GetReal

    You seem to be suffering selective memory loss… Did not Obama have and the Dems have total control of Congress the first two years of his term??? During that period did the Dems and Obama ever pass a budget?

    In fact did not the downturn in the U.S. economy begin in 2006 after the Dems and Nancy Pelosi take over the House, which controls spending bills?

    What was Obama suppose to do??? GetReal LMAO if this wasn’t such a mess that we’re in!!!

  • Michael

    There are plenty of empty storefronts in my city, Blockbuster just closed. I thought they went out of business alltogeter…

  • SMASH THE CONTROL MACHINE

    SMASH THE CONTROL MACHINE says it ALL!!!!!!

  • D. Brown

    I linked to this article on my FB page with the following comment:

    Why do people work really hard writing an article, only to screw it up in the last paragraph? I know the know-it-alls like to say garbage like that and it just isn’t true. One party IS offering “massive” changes – particularly one element of that party, only to be slammed in the Senate. Ths was a good article, up until the last two paragraphs.

  • Leftproud12

    Getreal, yes, we should only elect republicans – after all, they are the true patriots right? One party rule, and make sure we “re-educate” all objectors to this rule in the true American way. Darn Dems – always screwing things up for the real rulers of this country!

  • Morpheus

    It’s easy to blame our problems on the likely and highly visible suspects. We have to look much deeper. Anyone that thinks a different president or party is going to solve our problems has to be on crack cocaine. Our present government, big business, banks and Wall Street can’t and won’t solve anything. Let me give you a clue what’s really wrong with the Untied States and the world. It’s called Technology. Until we deal with it, nothing is going to change. The story only has a happy ending if we’re willing to open our eyes in time.

    FIGHT THE CAUSE – NOT THE SYMPTOM
    Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )

    Question:
    How foolish can the human race be? Simple! I can show you freedom and you wouldn’t be smart enough to choose it.

    http://WeAreFree.osixs.org

  • http://pragcap.com Sai

    According to Mosler, Cullen & MMT folks, the US debt is not a burden to future generations since there is no question of paying it off. The bind market is only a monetary operation and is not needed for financing a sovereign currency issuer. All you have said is truly applicable to private debt but not for public debt. Households and governments are completely different accounting entities. US, Japan bonds are no wonder considered default free and priced to that reality. This doomsday on public debt default is a bogeyman. However, all your points related to economic collapse with regards to what is happening in the private sphere and also in Euro (all currency users) is definitely worthy of consideration

  • http://www.nowhere.com Bill Dixon

    This is the very reason Ron Paul will be elected. The American people know we have to do something to put a stop to this CRAZY. If we do not they are going to trash this country, that is if they haven’t already.

  • Pingback: The Number One Catastrophic Event That Americans Worry About

  • Bobby

    I’ll try to be as fair as I can here. I don’t dig the Prez. He attended a church where a minister of God, preached a racist message for twenty years, and yet the future Prez wants people to believe he slepped through those “sermons”. I guess anythings possible. But the President doesn’t create policy. Our problems as citizens of this greatest of all nations, isn’t about who is President. The Congress and Senate, have betrayed the American public on ISSUE AFTER MAJOR ISSUE. Take illegal immigration. A vast majority of Americans have made it clear they want it stopped. No dice. Not only do these cretons D.C. keep the borders open and allow illegal immigration, but they allow a million plus legal immigrants at a time when Americans by the millions are hurting and out of work. What gives? It’s sick and shows that we don’t really have any representation as citizens.

  • http://www.nowhere.com Bill Dixon

    I just donated another $100 to Paul. I am now up over $500 total. I consider it a down payment on my grand children’s future. Plus I am 66 years old and on a limited income but I will do with out food to support this man. Our country depends on it. I did not stay in Vietnam for 13 months for nothing.

  • Fred

    With Sears announcing the closures of more than 100 stores, the future does not look good for ths company. I like Sears, but it does not change the fact that they are losing cuntomers. If Sears were to file Chapter 11 bankruptcy two or three years from now, it would have a major impact on the American economy. As for the national debt, the European financial crisis, unemployment rate, home foreclosures, a possible worldwide recession, illegal immigration, and many other economic and social problems, in my opinion 2012 will be worse than 2011.

  • Lucinda

    Yes, the Congress has failed us, but let us not forget the President has veto power. Obama and Bush have also been on an “executive order” frenzy. Let’s not forget the Supreme Court not having the guts to rule in favor of what is right. We need term limits NOW. We need the money train from companies going into the pockets of politicians to stop now. We need the socialism to stop. If a company is going to go belly up, well, that’s their problem not ours. No company is too BIG to fail. Let it fail. Stop bringing in the goods from China. Let’s go back to American made products. Repeal NAFTA. Limit the size of government and we will see America become the great nation it once was in the past. Neither party is good. I await the day when we have a really viable Independent nominee to run for POTUS.

  • Leigh

    I am confused. Isn’t the store closing a good sign? It is often discussed that many people in america spending money they don’t have on crap they don’t need. So isn’t this a sign that maybe the false economy of good purchased on credit is stabilizing? And we will be left with only the stores that supply the real needs? I know it means that people will be losing jobs, but doesn’t that make room for providing services and goods that are necessary?

    • A.S.

      Once upon a time, Sears had great products, at a great price, and American-made. No cheap plastic…just good quality products that lasted for generations (like Maytag appliances). Such stores closings may in fact make it that only Walmart will exist. I guess in hindsight, the movie Demolition Man should have referred to Walmart instead of Taco Bell! HA!

  • senor boogie woogie

    I can comment on some of these companies. Believe it or not, Obama (or the government) had little or nothing to do with their demise. The number before is how many stores have been closed.

    405 Blockbuster

    Outmoded business model. People can watch movies online, or have netflicks, or something that is much more convenient than having to rent and return.

    633 Borders
    People are buying less books. Has something to do with the economic depression, but more has to do with freer information online and the rise of book computers like Nook and Kindle.

    200 GameStop
    Video games for the most part are on the wane. Again, most games can be played online. Besides, game stores like GameStop have been ridiculously expensive for many years so I dont feel sad that they are dying.

    189 Gap

    Gap is too expensive for what it is. Can get something of similar quality in Big Box stores. The economy has been moving away from the malls. Malls are late 20th Century.

    60 Rite Aid

    Lots of competition in the drug store business.

    45 Family Dollar

    This place sells crap and is poor competition next to Wal Mart.

    43 Sonic Drive-In

    Sonic is overpriced crappy fast food. I have never liked their setup.

    35 Denny’s

    Crappy diner food. Probably a victim of the economy since less people have less disposable income to get drunk and high and want a place to eat at 3 AM.

    30 Ultimate Electronics

    Wal Mart kicked your ass and sodomized your dog.

    28 Dominos

    Dominos Pizza is garbage and less people want to spend 10 plus dollars to eat gooey, greasy, gut bomb pizza.

    20 Lowe’s

    A hangout for illegals. Too much competion from other places that are also hang outs for illegals.

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