According to recent calculations by the Peter G. Peterson Foundation (PGPF), the sum of America’s debts and other financial commitments is about to exceed the collective net worth of its citizens. That means that for the first time in our history, we’ll owe more money than all of us have combined.
What’s responsible for this unprecedented shift? Growth in the government’s unfunded promises for social insurance programs such as Medicare, combined with a drop in Americans’ net worth, due mainly to lower home equity values.
PGPF’s calculations are based on the new consolidated federal financial statements as of September 30, 2008, which notably, do not reflect the additional toll taken by more recent market declines, bailout packages, and record October and November deficits.
But there’s hope yet. Since its launch this year, the Foundation has invested nearly $11 million in grants to raise awareness of, and seek solutions to the nation’s fiscal challenges. As Americans say goodbye to 2008, and look towards the new year, PGPF will continue to work with its extraordinary grantee partners as they focus on a variety of timely initiatives to help put our nation back on a fiscally prudent and sustainable path.
I have been watching this Franken situation since election day.
Today I stumbled onto an article by Ann Coulter.
She is caustic no doubt about it. Funny certainly! Rabidly hated by the left who generally have no comeback other than name calling. All of this as she blows them off and laughs all the way to the bank. Apparently her books are evenly read by both sides of the political isle.
Clearly she is not “politically correct” which gives her “kudos” in my book. So I just dashed out to order an autographed copy of her latest “Guilty” … I trust it will not be dull or disappointing.
Her read on the situation and as always you decide what to make of it.
Posted: December 17, 2008
5:45 pm Eastern
It’s bad enough that the Republican Party can’t prevent Democrats from voting in its primaries and saddling us with the New York Times’ favorite Republican as our presidential nominee. If the Republican Party can’t protect an election won by the incumbent U.S. senator in Minnesota, there is no point in donating to the Republican Party.
The day after the November election, Republican Sen. Norm Coleman had won his re-election to the U.S. Senate, beating challenger Al Franken by 725 votes.
Then one heavily Democratic town miraculously discovered 100 missing ballots. And, in another marvel, they were all for Al Franken! It was like a completely evil version of a Christmas miracle.
As strange as it was that all 100 post-election, “discovered” ballots would be for one candidate, it was even stranger that the official time stamp for the miracle ballots printed out by the voting machine on the miracle ballots showed that the votes had been cast on Nov. 2 – two days before the election.
Then there is the little question of corruption going on in IL.
Who thinks what about President Elects participation in that scandal.
The arguments from the left are actually quite funny.
Like: the FBI said Obama ABSOLUTELY had nothing to do with any of this.
I guess now we need to define absolutely like we did “IT”.
Clearly he had some involvement in it we just do not know what yet.
Perhaps there was nothing sinister perhaps there was.
I guess anyone looking at this from a Clinical Thinking perspective would recognize that the closed lip tactics that is characteristic of Obama certainly does him no good.
The “Clinical Thinking” of the USA are beginning to wonder what is Obama hiding and why?
There has been a lot of flap about the citizenship of Barack Obama.
Is he or isn’t he … has the nation been scammed again or not?
Fact is we simply do not know.
What we do know is the MSM has miserably dropped the ball on this.
For those that I have talked with do not even have a clue there is a question.
A vast majority do not know the difference between a citizen and a “natural born citizen”.
Those that begin to understand are NOW concerned that Obama is not being forthcoming with his records.
A smaller fringe does not care if he is or is not simply because they love the guy no matter what.
Do I find this a problem?
You bet and you should find it a problem too.
Because for whatever reason we have a President Elect who thinks he is above following the law.
Well apparently main stream is beginning to wake up.
AOL has been running a poll.
The question is:
Do you think there is any merit to the controversy surrounding Barack Obama’s citizenship?
51% say yes
43% say no
6% do not know
The interesting thing is where and who thinks what.
IL, NY, VT, RI, CT, DE, MD and DC all think no.
If you want to join into the little poll? Here ya go.
In case you missed it on 60 Minutes, this is what Andy Rooney thinks about women over 40:
60 Minutes Correspondent Andy Rooney (CBS)
As I grow in age, I value women over 40 most of all. Here are just a few reasons why:
A woman over 40 will never wake you in the middle of the night and ask, ‘What are you thinking?’ She doesn’t care what you think. If a woman over 40 doesn’t want to watch the game, she doesn’t sit around whining about it. She does something she wants to do, and it’s usually more interesting. Women over 40 are dignified.
They seldom have a screaming match with you at the opera or in the middle of an expensive restaurant. Of course, if you deserve it, they won’t hesitate to shoot you if they think they can get away with it. Older women are generous with praise, often undeserved.
They know what it’s like to be unappreciated. Women get psychic as they age. You never have to confess your sins to a woman over 40.
Once you get past a wrinkle or two, a woman over 40 is far sexier than her younger counterpart. Older women are forthr ight and honest. They’ll tell you right off if you are a jerk if you are acting like one. You don’t ever have to wonder where you stand with her.
Yes, we praise women over 40 for a multitude of reasons.
Unfortunately, it’s not reciprocal.
For every stunning, smart, well-coiffed, hot woman over 40, there is a bald, paunchy relic in yellow pants making a fool of himself with some 22-year old waitress.
Ladies, I apologize.
For all those men who say, ‘Why buy the cow when you can get the milk for free?’, here’s an update for you.
Nowadays 80% of women are against marriage.
Because women realize it’s not worth buying an entire pig just to get a little sausage!
Andy Rooney is a really smart guy!