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Massive Crack Opens up in Mexico

Lame Duck President by Sarah Palin

After listening to the President’s press conference today, let’s keep in mind the following:

This is the same president who proposed an absurdly irresponsible budget that would increase our debt by trillions of dollars, and whose party failed to even put forward a budget in over 800 days! This is the same president who is pushing our country to the brink because of his reckless spending on things like the nearly trillion dollar “stimulus” boondoggle. This is the same president who ignored his own debt commission’s recommendations and demonized the voices of fiscal sanity who proposed responsible plans to reform our entitlement programs and rein in our dangerous debt trajectory. This is the same president who wanted to push through an increase in the debt ceiling that didn’t include any cuts in government spending! This is the same president who wants to slam Americans with tax hikes to cover his reckless spending, but has threatened to veto a bill proposing a balanced budget amendment. This is the same president who hasn’t put forward a responsible plan himself, but has rejected reasonable proposals that would tackle our debt. This is the same president who still refuses to understand that the American electorate rejected his big government agenda last November. As I said in Madison, Wisconsin, at the Tax Day Tea Party rally, “We don’t want it. We can’t afford it. And we are unwilling to pay for it.”

Now the President is outraged because the GOP House leadership called his bluff and ended discussions with him because they deemed him an obstruction to any real solution to the debt crisis.

He has been deemed a lame duck president. And he is angry now because he is being treated as such.

His foreign policy strategy has been described as “leading from behind.” Well, that’s his domestic policy strategy as well. Why should he be surprised that he’s been left behind in the negotiations when he’s been leading from behind on this debt crisis?

Thank you, GOP House leaders. Please don’t get wobbly on us now.

2012 can’t come soon enough.

– Sarah Palin

My God, Hillary!

What have you done to yourself?

The Chinese And Indians Know!

Two articles caught my eye this morning. First in Zero Hedge is this story: Gold “Fever” in Asia and Central Bank Demand Could Cause an “Earthquake” in the Gold Market.

The giant middle class populations in Asia, especially China and India are buying physical gold bullion in volume due to concerns about global growth, in order to protect themselves from stubbornly high inflation and concerns about the declining value of their respective paper currencies.

Gold demand in China alone is expected to rise about 20% to near 700 tonnes this year from 570 tonnes in 2010.

And, the story goes on to say that this is not a one off demand for 700 tonnes, but sustainable!

The second story comes from Ed Steer’s “Gold and Silver Daily.”

All the major currencies are down almost 80% since 2001 in terms of Gold. Do you see why the Chinese and Indians are buying Gold? They want “…to protect themselves from stubbornly high inflation and concerns about the declining value of their respective paper currencies.”

When will Americans in general wake up?

Finally, look at what’s happened to interest rates in Greece, The betting is for default. With Greece leading the way, how long before the U.S. suffers the same fate?

New From Washington “Spenditol!”

Hat tip: Eric Odom and the Concerned Women for America.

Activity Up In Katla!

Small earthquake swarm in Katla volcano caldera

Sen. Marco Rubio Schools Bob Schieffer

Debt Ceiling – Does It Matter?

Dr. Dean gives a history of the Debt Ceiling;

Up until early in the twentieth century the feds were like most states, pay as you go-with congress having to approve each time it borrowed money.

Poor overworked congress got tired of having to approve every bill that had to be paid with debt instead of cash.

Voila, a debt limit was approved. As long as new debt was under that limit, no separate congressional action was required.

The debt limit or ceiling has been raised over 100 times.

So, we are not going to default if the debt ceiling isn’t raised. Congress will have to revert to voting for each spending of tax payer’s money. They will be on record for all the goofy ways that our money is spent and they won’t like it.

This Is So Good!

Lara Logan On “60 Minutes”

In a repeat this Sunday, you will meet maybe the best sports gambler in the world. Billy Walters who has never had a losing year since he began betting on sports in Las Vegas years ago. That success, plus big bets – he once bet $3.5 million on a Super Bowl and won – has brought with it a respect and fear in Las Vegas. Lara Logan reports.

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