On April 21, the International Monetary Fund (IMF) projected (see the World Economic Outlook, pp. 36-37) that the US foreign debt will increase from about 4.5% of world GDP in 2007 to about 9% in 2009. Given that the US foreign debt was 17.7% of US GDP at the end of 2007, this means that our foreign debt will be about 35% of US GDP by the end of this year as shown in the red line on the graph below
US foreign debt tends to increase when the United States runs a trade deficit on goods and services using money either borrowed from abroad or invested by foreigners in U.S, assets. The black line shows the cumulative effects of US trade deficits since 1987. The black line has been rising every year, except 1991 when the Persian Gulf states gave us huge gifts in return for our liberation of Kuwait from Iraqi control.
The US Foreign Debt does not climb as smoothly as the cumulative trade deficits because the value of American holdings of foreign assets (mostly stocks) tends to fluctuate with stock prices, while the value of foreigners’ holdings in the United States (mostly bonds) tends to be stable.
So someone in the White House thought it would be a good idea to have Air Force One fly over NYC the site of the terrorist biggest success. And why pick NYC instead of Baltimore, Washington or any other city? Who ever came up with the idea was celebrating Allah’s deliverance of the White House into Muslim hands. Eight years after 9-11 the worlds Muslims can rejoice. Allah has placed one of his disciples into the White House and the fly over was symbolic of that triumph. Allah had triumphed over the infidels and here was proof, Air Force One flying over the hollowed ground zero. The sacrifice was worth it. Victory of Allah over the infidels. The chosen one is in control of the infidels.
The Air Force took the hit for the publicity stunt. What would you expect? The real culprit take responsibility? Not a chance. I can assure you there is no way the Air Force would ever do such an idiotic thing. No way. Not part of the mission. Not how they think. The idea for the publicity stunt came from a Muslim or Muslim sympathizer inside the White House. The enemy is inside the walls and the main stream media ignores the blatant pro Islamic fascism even when it flies over their heads
My latest new catch phrase seems to be “you have got to be kidding!”. Daily the fools in DC do something more outrageous than the day before. I honestly think a 10 year old has more sense than some of these dolts.
I watched Bill O’Reilly last night as he defended Janet Napolitano for the blunder in the latest hand out from the DHS. She stated to the public she wished she had used better language when singling out vets as “potential would be terrorists”. Bill gets a giant gold star for THIS FAIR AND BALANCED. Hopefully he does not get Scoliosis from being excedinly fair in this case.
Anyway GOOD FOR SAVAGE!
Some of these non thinking officials need to have their butts kicked by the public … who are screaming … ENOUGH IS ENOUGH!
Radio talk show icon Michael Savage has teamed up with the Thomas More Law Center of Ann Arbor, Mich., to file a lawsuit against Department of Homeland Security Secretary Janet Napolitano.
“It is a civil rights action brought under the First and Fifth Amendments to the United States Constitution, challenging the policy, practice, and custom of the United States Government that targets for disfavored treatment those individuals and groups that are considered to be ‘rightwing extremists,'” the complaint announced today said.
My my what is this world coming to?
The other night while watching CNN and MSNBC I thought I picked up several more than over the top sexually R rated slurs in regards to the “tea-parties”.
My first response was NAHHHH. Must have been a slip of the brain with those who uttered them.
Apparently I was not the only one to notice. Seems like others caught the lewd joke foisted on the public by CNN’s Anderson Cooper as he insulted the grass-roots Tea Parties that blanketed the United States this week.
“It’s hard to talk when you’re tea-bagging.”
The comment parallels the “tea-bagging” term commonly used in the homosexual community to describe a homosexual act in which testicles are inserted in someone’s mouth.
Greg Gutfeld and the Red Eye group do a great job of skewering Cooper and his ilk over the “teabagging” comments.
Imagine the weeping, wailing and absolute howls of outrage that would be coming from the left had any of this been uttered by the right about a NOW rally.
MSM hypocrisy at its finest by CNN and MSNBC and the agents that govern them.
Personally I think both Cooper and Shuster should get the Imus treatment to be “fair and balanced”.
A mini re-cap by Fox News:
CNN anchor Anderson Cooper interspersed “teabagging” references with analyst David Gergen’s more staid commentary on how Republicans are still “searching for their voice.”
“It’s hard to talk when you’re teabagging,” Cooper explained. Gergen laughed, but Cooper kept a straight face.
MSNBC’s David Shuster weaved a tapestry of “Animal House” humor Monday as he filled in for Countdown host Keith Olbermann.
The protests, he explained, amount to “Teabagging day for the right wing and they are going nuts for it.”
He described the parties as simultaneously “full-throated” and “toothless,” and continued: “They want to give President Obama a strong tongue-lashing and lick government spending.” Shuster also noted how the protesters “whipped out” the demonstrations this past weekend.