If At First You Don't Succeed, Lie, Lie, Lie Again.

Truth be told, even though the hurry-up-and-raise-the-debt-ceiling

lie has been exposed, the Obama Regime, like a broken record,

continues to advance the fable that the United States will immediately

default on its debt. They continue to claim that "catastrophe" will ensue

if Republicans in Congress don't give in to Obama's demands and give

him what his spin doctors in the Obama Ministry of Truth are calling a

"clean debt ceiling increase."

And just what is a "clean debt ceiling increase?"

Senator Toomey exposes the canard in plain English:

"[T]he administration has ratcheted up its demands for an

unconditional increase in the debt limit, while offering to

consider spending cuts and reforms detached from the

debt limit vote. In a nod to public pressure,

they have called for 'parallel tracks' in which we would

raise the debt limit now, and continue negotiating

spending and deficit reductions in the future." [Emphasis ours]

Are the doom-and-gloom prognostications really lies?

Will Republicans lose the will to fight and give Obama a

blank check to continue the reckless spending?

Toomey goes on to say:

"On last Sunday morning's talk shows, Treasury Secretary

Timothy Geithner once again implied that, if the debt limit

is not promptly raised, the United States will default on its

debt and the resulting catastrophe will be the fault of

congressional Republicans." [Emphasis ours]

"But Secretary Geithner knows that congressional delay

in raising the debt limit will in no way cause a default on

our national debt. If Congress refuses to raise the debt

ceiling, the federal government will still have more than

enough money to fully service our debt.

Next year, about 7 percent of all projected federal government

expenditures will go to interest on our debt.

Tax revenue is projected to cover at least 70 percent of all

government expenditures. So, under any circumstances,

there will be plenty of money to pay our creditors."

So why is the Obama Regime still trying to play you for fools?

Why not? They think you're too stupid to catch on to their

let's-hurry-up-and-raise-the-debt-ceiling-before-they-figure-

out-what-we're-doing chicanery.

But the American people aren't stupid... far from it.

And it's time to let our elected officials in Congress know,

in no uncertain terms, that grassroots Americans are sick

and tired of their political games, their mendacity and lies,

and most of all... their idiotic and outrageous demagoguery

that our nation will face imminent financial collapse and

utter ruin if they do not rush into raising the limit on Barack

Obama's credit card without any commitment to getting our

nation’s fiscal house in order.

Let's face facts, when it comes to squandering your hard-

earned money, Washington politicians are no better than addicts,

desperate to score their next fix. They have been working

overtime to convince you that you should continue to enable

their destructive habit through scare tactics and insulting

demagoguery, even though doing so will ultimately lead

to the bankruptcy of our great nation.

It's time to draw a line in the sand and tell them,

"No way, no how.

The American people demand

REAL SPENDING CUTS."

Fool Me Once, Shame On You. Fool Me Twice, Shame On Me. Fool Me Thrice, Suffer The Political Wrath Of The American People.

We already know what happens when our elected officials

in Washington talk about "making deals" and "pursuing concessions."

The American people get a "raw deal."

As the young folks say these days, "been there, done that,

got the tee-shirt." The politicians told you they were serious about

curbing their out-of-control spending, but they could only promise

to cut a meager 100 billion in wasteful spending. "It's a start," they said.

Then they "amended" the promise and said they would cut 74 billion...

then 61 billion. We're simply "pro-rating" the 100 billion figure, they said.

And then, when it was all said and done, they told you that they had

succeeded in cutting 38.5 billion in wasteful spending, and they thought

you'd accept that pittance and shut-up.

But even that final figure was a lie. In the end, according to the

Congressional Budget Office, they cut as little as 352 million from

the 2011 budget. That's 99.648 BILLION DOLLARS LESS than

the originally promised 100 BILLION. That's less than 0.5%.

In essence, they cut approximately TWO HOURS of deficit spending.

And it's not the first time that our elected officials have hoodwinked

the American people into rushing legislation through Congress in order

to feed their nasty addiction to spending your hard-earned money.

Not too long ago, they told you that unless they passed the so-called

"stimulus" bill, the United States would face an immediate economic

catastrophe... and gullible Americans fell for it.

It was a lie. They knew it was a lie.

Gasoline is over four dollars a gallon in cities across the country,

and prognosticators are already telling us that the price of a gallon

of gasoline will rise to five, or even six, dollars a gallon in the

coming months. The "real" unemployment rate is hovering around

20%; one out of five Americans are "underemployed." And those

of us who are mere mortals and actually do our own grocery shopping

know that food prices have skyrocketed over the past year.

But our elected officials, like the Energizer Bunny, just keep going

and going and going.

Damn the consequences, damn the American people.

Their insatiable thirst, that can't be quenched, must be quenched.

The beast must be fed.

Can we really afford the consequences of another lie?

Patriotic Americans have no choice.

We must draw a line in the sand right here and right now.

Simply put, our elected officials must be made to understand,

here and now, that IF they betray the American people one more time,

like so many other Americans, THEY will be walking the unemployment

line. And the power that they so cherish will be gone in the blink of an eye.

In short, let them know that the American people

will not be hoodwinked.

Yeah, Thanks A Lot!

by Bill Bonner

This week, Americans sit down in their
sturdy chairs to enjoy a national feast.
Businesses are shut down.
Congress is adjourned.
For one day at least,
citizens can enjoy their peace.

In every hamlet, urban ghetto and rank suburb
they gather, sacrificing turkeys to their deities,
whoever they might be. Before they tuck in,
they bow their heads and give thanks.

But for what?

There have always been two parts to the Thanksgiving
holiday – one sincere and personal,
the other national, fraudulent and delusional.

One of the first Thanksgivings took place in 1623.
The colony at Plymouth Rock had barely survived.
The supply ships from England had not brought
enough food.
Harvests were poor.
People died of hunger, cold, disease and malnutrition.
Like all central planners, Governor William Bradford
blamed it on the weather. Then, when communal farming
was abandoned, what luck, the weather improved:

“The Lord sent them such seasonable showers,
with interchange of fair warm weather as,
through His blessing, caused a fruitful
and liberal harvest...for which they blessed God.
And the effect of their particular [private] planting
was well seen, for all had...pretty well...
so as any general want or famine had not
been amongst them since to this day.”

Thanksgiving wasn’t made a national holiday until 1863.
Then, it celebrated not the success of the American
experiment, but the end of it.

Imagine a battle today in which 500,000 American
soldiers died –
almost as many as died in WWI and WWII combined.
As a percentage of population that was the death
toll at Gettysburg.
That was what Lincoln chose to follow with a
day of thanksgiving.
Thanksgiving for what?

“...peace has been preserved with all nations,
order has been maintained, the laws have been
respected and obeyed, and harmony has prevailed
everywhere [EXCEPT IN THE THEATRE OF MILITARY CONFLICT].”
Emphasis added.... [And we] “commend to his tender care
all those who have become widows, orphans, mourners or
sufferers in the lamentable civil strife in which we are
unavoidably engaged.”

Lincoln should have proclaimed a day of mourning.
The battle and the War Between the States were not
glorious achievements. They were national disasters.
The fondest hope of the founders – that people could
decide for themselves what kind of government they
would have – died on the battlefield.
But the nation’s course was set.

America may be in the New World, but it has one of
the oldest governments on the planet.
France, Italy, Germany, India, China – all have newer,
fresher governments, as much as 200 years younger.
Newer economies bustle with more energy and money too.
America appears near exhaustion by comparison.
China and India eagerly court the future;
America seems desperate to hold onto the past.
Her armies are stretched over the globe, trying to
prevent anything really new from coming about.
At home, her politicians and economists try to prevent
anything old from going away.
At great cost, banks and businesses,
as well as the old timers themselves, are propped up...
supported...and sustained.

Still, the typical American has much reason for gratitude.
His house is bigger and gaudier than ever before.
His car is a plush monster. He has more than enough to eat.
He has gadgets and gizmos galore – including a machine that
blows the autumn leaves off his asphalted driveway.
And behind him is still the mightiest government the world
has ever seen – ready to protect his vital interests in the
Hindu Kush as well as Wall Street.

Yet, all his blessings seem to come with fuses attached.
If the winter is severe, he may not be able to heat his palace.
If the price of gasoline rises, driving his land barge could
ruin him.
If he looks in the bathroom mirror, he might get depressed.
Our own polling tells us that 1 in 10 households
will give thanks for their government this week.
They should reconsider.
Didn’t the federal government tempt them to buy a house
by giving him tax breaks and subsidizing mortgage rates?
Didn’t it egg them on to spend money by reducing the
value of the dollar by 97% over the last 97 years?
Didn’t the feds stymie every attempt to correct their
over-consumption by cheapening credit and stimulating
consumption even more?
And isn’t it the government that has run up a net
national “finance gap” of more than $200 trillion...
so that each newborn American faces a burden of
$700,000 in debt even before his first diaper has
been changed?

And now, the government practically mocks him in
an outrageous way. Ever since an amateur terrorist
set his underwear on fire, the airport polizei are
determined that a man should have his genitals
checked before he boards an airplane.
Thank god the would-be terrorist didn’t tuck
his explosives into a body cavity!

It is fascinating from an ethnological point of view;
the poor American has been led along, put upon and
knocked around so much.
Foreigners must look on in amazement, wondering how
much abuse he’ll take. And now, his head bent over...
the “butterball” turkey waiting for him...
the American must feel the weight of his blessings.
He is broke.
He may lose his job.
His country is in decline, headed for bankruptcy and
his leaders are incompetents and scoundrels.
To make matters worse, his central bank is keen to
commit a new act of sabotage – intentionally trying
to undermine his savings...
his labor...
and his standard of living.

Like Lincoln, he can say to himself...
except for that...
everything is okay...

Regards,

Bill Bonner,
for The Daily Reckoning

Last Weeks Rants From "Drinking With Bob"

Last Weeks Rants From "Drinking With Bob"

Barack Obama is a Great Reader but a Terrible:
http://www.youtube.com/watch?v=Y0gwaXYaMf0

Stop Being "Cool" and Start Being President...
http://www.youtube.com/watch?v=rKO2lVj47Tc

STOP Spending "OUR" Money...
http://www.youtube.com/watch?v=2UdjtipSS_g

Toyota is NOT the Problem. General Motors
http://www.youtube.com/watch?v=zx6GZfrt39A

12 Year Old Girl Arrested for Writing on Her Desk...
http://www.youtube.com/watch?v=lbtrsDrBJI8