Standard & Poor’s has lowered its long-term credit rating on the United States from AAA to AA-plus. It also says the outlook on the long-term rating is negative.

What a shock to ONLY THE DELUDED.

Of course Whitehouse and crew is screaming foul.
The numbers are wrong … HOW COULD THEY?

I don’t know how could they what?
Foil our plan to further dupe the public?

I don’t know somehow when I watch the news I expect those reporting it are smarter than I am at least a little. I certainly expect them to have educated staff to prep them before a show.
I am still aghast that Harvard educated Bill O’Reilly was shocked that the market tanked after the debt ceiling was raised.

All along I have given him the “smart lead” in news … at least until Beck hit the scene. Then I figured the sparing they did was for fun. Apparently not.

I expected the Maddow’s, Olbermann’s, Marr’s etc to be “dirt dumb” … but O’Reilly?
COME ON!

Meanwhile the public grew disgusted with the dog and pony show foisted our way from DC.

Barack Obama NEVER proposed a plan nor alternative solution.
He was literally missing in action.
WHY?
My opinion is simple … the guy is not SMART ENOUGH TO WRITE ANYTHING!
So as a cover-up to his lack of ability he simply leaves it to EVERYONE ELSE.
This has been his standard MO since he took oath.
Travel, play golf or throw a meaningless party. Then on cue like a puppet stands in front of the cameras maligning those who were actually working on a solution or taking credit for the great job HE did. Enter stage left the equally inept Vice President Joe Biden who added NOTHING to the mix.

Does anyone wonder why with no presidential leadership Obama dropped about 15 points in the polls?

Meanwhile the left talks about how great the Presidential leadership is … are they totally DAFFED?

Looks like!

What’s with the rating companies?
NO ONE should pay them any mind since they totally missed the boat on sub-prime mortgages.
Have we forgotten in 2001 Enron declared bankruptcy and it was 6 days later before they were declared below investment grade? WHAT? Is all of this a ploy to squeeze the last nickle out of “the CONNED” investors?

What good is Moody’s and Standard and Poors if they are not ahead of the curve instead of months behind it?
NONE IN MY OPINION!

Anyone educated in 5th grade math can see that NONE OF THE NUMBERS add up.

The U.S. Should have been downgraded a long time ago.

Since it was not how long is it going to take the average Joe to figure out WITH INTENT he is being separated from his hard earned cash by THE CORRUPT!

It does not take rocket science to realize who THE CORRUPT ARE TODAY!

The truly sad part is WE THE PEOPLE put them there.

The brick wall is on the horizon.
FORGET the next scheme or hoax the government will try and foist on you.

Start to prepare NOW!

Watch the sales.
Put extra canned goods away.
Get a dried food supply.
The seed storage is a good idea … I have purchased from the company at the left link (Survival Seed Bank).

Personally I have a black thumb but being prepared with an heirloom seed package is a good idea.

If you have food storage enough to last a few months until you can grow a garden. Not a bad idea.

“I could end the deficit in under 5 minutes … anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for re-election.” ~~~ Warren Buffett

Is it any shock that the debt limit was raised?
To the last minute this dysfunctional government kept promoting catastrophe if the DEBT CEILING was not raised.

THE STOCK MARKET would certainly tank if this raise did not occur IMMEDIATLY.

Well apparently someone failed to get the STOCK MARKET to sign on to the plan.

Today the Dow took another 200 pt. dive and ended up below 12,000.

Gee do you think the billionaire investors are skeptical of the DC boiler room deals?
No one was suppose to realize all of this was simply another Washington dog and pony show?

Nothing has been fixed.
With no severe spending cuts or revenue increases, the government has no way to fund its current liabilities.
AGAIN WE HAVE PROMISES of a fix.
Who trusts the politicians any longer?

So who WON?

Well from a lay persons perspective the TEA PARTY mindset is the clear winner.

Thank God at least part of the population was born with brain enough to count. All of this is very simple math.

YOU CAN NOT SPEND MORE THAN WHAT YOU TAKE IN without paying the piper down the road. Those expected to pay are our children, grandchildren and great grandchildren.

Are Moody’s and Standard & Poors washed up?
Who is going to pay attention to them in the future?
They threaten to drop our rating if spending is not CUT 4 TRILLION.

Raising the Debt Ceiling 2.1 trillion cuts that how?

OH WAIT! It didn’t!

Do they drop our rate or not?

So now we suffer through months and months of government blather from Obama and his press secretary trying to tell us how successful his NO PLAN AND NO PRESENTS was in this whole mess.

HOGWASH!

I have never been much interested in the money or stock markets. For most of my life money was simply a tool to get things. Perhaps because it was never that important I never worried or focused on it much.

I was a single mom and times were not always easy and there were certainly times when I did not have an extra 50 cents for my daughters lunch … so a brown bag and tuna sandwich had to do.

Somehow the bills ALWAYS got paid … sometimes a day or so late but PAID none the less.

Today watching the skirmish over the stock market, debt ceiling and finance in general is interesting.

Interesting because I view it as a GIANT GAME played/manipulated by a few in order to con the general public out of their hard earned dollars produced with sweat and tears.

So periodically I will add these little Dollar Watch observations just in case you have not noticed them yourselves.

Gold today hit an all time high of $1,622.70 an ounce.

WOW! All of this to celebrate the paper dollar’s 150th birthday?

The first one-dollar bill was born as a Legal Tender Note in 1862. I suppose it could be argued it croaked in 1933 when Congress and President Roosevelt suspended the gold standard, banned private ownership of gold bullion, and went PRINT, PRINT, PRINT.

The official burial came on August 15, 1971 when President Nixon leaped off the gold standard entirely. So today we have a fiat dollar with nothing but the word of the CROOKS IN WASHINGTON. Who hope to all hopes they can continue and CON THE WORKING POPULATION to continue and FOOT THE BILL FOR EVERYTHING.

Meanwhile Moody’s has downgraded Greece to just above junk … how soon is America slated to follow?

Keep in mind raising our credit limit does not make us more able to pay what we can not pay today.

As I passed the TV I happened to hear Obama dumping all of the problems we face on the NO, NO, NO, Republicans.

JEEZZE does this guy EVER GET OVER being a cracked 45?

So who indeed is the adult in the room?
Certainly not Obama who rails on as usual stirring up class warfare. Scaring senior citizens about the possibility of not receiving their Social Security and Medicare checks, lambasting the corporate jet industry, and calling for higher taxes on managers of private partnerships.

Where is the Presidents plan anyway?
OH THERE IS NONE!
NEVER HAS BEEN ONE!
NEVER WILL BE ONE?

The Barack Obama debt ceiling dog and pony show goes on and on.
The new Republicans appear to be holding out for a real change while the Republican Elite would collapse like pin pricked balloon if they could.

So it is NOT QUITE business as usual.
The media is kicking, screaming and gnashing their teeth out in fear that THEIR DOLLAR EARNINGS are going up in smoke. All of this in the wake of “OH POOR middle class is going to do without”.
In all reality do without what?
Medicare, Social Security, Medicade, Medicare, Welfare or Unemployment?

That is the FEAR CHIP they use.

Let me point out something they all better FEAR.
Getting paid themselves while those programs lapse?

This President thinks he will escape the wrath of the voters over this?
He must have brain damage (to many youthful drug binges) along with his adviser buddies if he thinks the public is not savvy on these issues.

The Bipartisan Policy Center (the “BPC”) … an IN THE GOVERNMENT TANK … non-profit group that studies solutions to political problems? In a recent report they have laid out what might happen should a real shut down occur.

The scenario is indeed ugly and NO ONE wants mass economic hardship.
Can it be avoided?
Certainly not forever if spending does not stop.

This President, his administration and minions absolutely REFUSE to CUT SPENDING.
They say one thing and do another … THE INCESSENT PUBLIC CON.

What does THIS ADMINISTRATION hope “we the people” DO NOT FIND OUT?

If we all are forced to bite the bullet right now … things get better in the future. We escape the government going bankrupt and our children and grandchildren do not end up drowning in debt before they even learn to swim.

We would end up with less government and less government meddling in the economy.
There would be fewer parasites on the public dole. The job creators would have more freedom to create new wealth and grow new businesses.

This government both parties DO NOT WANT the public to REALIZE.

Government is the problem not the solution, and that we’d all be better off with a lot less of it.

So when you hear Timothy Geithner, Ben Bernanke and Barack Obama tell you we MUST AVERT this catastrophe or “financial Armageddon” … the American public discovering how well all of our lives improve without them is their worst nightmare.

THE DEBT CEILING: A Common Sense Guide to What Needs to Be Done

Here is the full transcript of the letter:

How long did the financial movers and shakers think it would take before the people would figure out our AMERICAN DOLLAR is just about worthless?

None of this takes rocket science folks.
In fact it probably only takes an understanding of 4th grade math and 8th grade common sense.

Daily we see Europe crashing and burning.
We have a debt limit that has been reached and is now at a standstill.

Both parties and the President are playing a lethal game of chicken when THEY ALL KNOW FULL WELL we are headed for a BRICK WALL that can not be avoided.

The CODE SPEAK out of the White-house trying to con the public into thinking THEY ARE A SOLUTION as the Republicans do the same.

The ploy is simple. Let’s hope we (the government) can scare, distract and con “we the people” enough to make them think everything is hunkey dorey.

WHO CARES if Standard & Poors or Moodys drops our rate or not?
WE ARE NO LONGER CREDIT WORTHY NO MATTER WHAT THEY DO?
Our dollar worth is bogus!

I would not loan the US another dime WOULD YOU?

The ONLY MONEY WE GET IS FROM OURSELVES THROUGH THE FEDERAL RESERVE … who simply loads in a few more reams of paper and prints, prints, prints.

Here is the reality in kindergarten terms … you loan me $1,000 and I can MAYBE pay you back $100 to $220 dollars or default completely.
Does it matter that S&P or Moody’s says I have an A1 credit rate?

Europe and the US face a financial crisis.

Liu Jiayi, China’s top auditor, said in a report to the National People’s Congress that local governments had an overall debt of 10.7 trillion yuan ($1.65 trillion) by the end of 2010, and some were at risk of defaulting on payments. Countless “ghost cities” with no residents have been built by local government officials who have been long rewarded for building and development.

The Chinese government will now begin penalizing local officials who run “excessively mounted” debts.

China’s economy has already shown iffy signs.
This announcement could dramatically speed up the process.

Gold is still crawling up and closed today at $1602.40

Is this really a shock to anyone that can add and subtract?

Again today Barack Obama hit the tube with another “boring drone” of the same old shit (SOS).

Congress has a “unique opportunity to do something big” and stabilize the U.S. economy for decades by cutting deficits even as it raises the national debt limit ahead of a critical Aug. 2 deadline. But, he declared, “We’re running out of time.”

Let me translate that for you folks.
RAISE THE DEBT CEILING and screw the cutting deficits.

The reality is “WE THE PEOPLE” do not have a snowflakes chance in hell of getting a handle on any of this.

We are in a world of Monopoly Money.
Have you heard of COOKED BOOKS?
Well wrap your mind around it. This government is feeding us a line of Bull.
Take what they admit and then multiply it maybe 10 times.
What we know today does not add up nor will it for years.
In reality we are probably already screwed and the powers that be are no doubt shaking in their own boots.

If there is a silver lining to any of this it is … WHEN WE THE PEOPLE GO DOWN FOR THE COUNT … SO DO THEY ALL!

Bernanke poo poos the relevance of gold?
ARE YOU KIDDING ME?

Not only is our currency failing so are currencies all over the world.
Yesterday the IMF said Europe’s banks are underfunded. The agency said it is “critically important to put in place and immediately publicize credible plans” to deal with failing banks.

Europe is a mess. Entire countries are collapsing. And two too-big-to-fail countries – Spain and Italy – are next.

The euro has fallen silver and gold are both up. Gold has crushed the euro in the past three months. (The metal is currently at all-time highs.) Silver is under-performing but hey maybe a bit of silver is a good investment

So Bernanke says GOLD IS NOT RELEVANT?
REALLY!

Well I would take a ton of it how about you?

Obama wants to add $2 trillion to the debt ceiling, Standard & Poor’s said there’s a 50% chance it would downgrade long-term U.S. debt within three months. (The company also said a downgrade could come as soon as this month.) S&P believes chances of a default are “increasing,”.

Time to wrap your minds around it folks … raising the debt ceiling DOES NOT FIX THE PROBLEM.
It simply prolongs the inevitable.

Yes America deserves better than a government with a weak leader that appears to have lost his “common sense” when he became President.

In 2006 Obama did not want to raise the debt ceiling.

Today he has changed his mind and suddenly a 5.3 TRILLION DOLLAR raise over the 900 BILLION he objected to 5 years ago is an emergency.

AN EMERGENCY raise laid directly on the back of a Democratic controlled congress from 2006 until 2010 with a Democratic President between 2008 until 2011.

It is time our sniveling, whining President “man up” and quit blaming the kitchen “tea pot” for problems caused by his party as well as HE HIMSELF.

It is time the Republicans get out of the “paper bag mode” and quit folding to his 4 year old temper tantrums.

And what Harry Reid had to say in March of 2006.

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure.

It is a sign the U.S. government cannot pay its own bills.

It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies.

Increasing America’s debt weakens us domestically and Internationally.

Leadership means ‘the buck stops here.’

Instead, Washington is shifting the burden of bad choices today to the backs of our children and grandchildren.

America has a debt problem and a failure of leadership.

America deserves better.”

Last but not least.

Moody’s Investors Service warned today 7/14/2011 that it might downgrade the United States government’s sterling credit.

Does that really matter? Does the government think those who have extra cash to spend on Treasuries (except for our own FED who runs a printing press 24/7) don’t understand we are on the verge of a NATIONAL SPENDING COLLAPSE?

Germany 1930′s here we come!

Today, President Obama renewed his request to raise the debt limit and continued to press for job-crushing tax hikes instead of larger spending cuts.

But as I’ve said: a tax hike cannot pass the House. It’s off the table. The American people know taxes aren’t the problem – Washington’s spending binge is the problem. And we’re standing with the American people.

There will be no debt limit increase unless it includes spending cuts that are larger than the debt limit increase; includes reforms to hold down spending in the future; and is free from tax hikes. If the president puts forward such a proposal, he has my word the House will act on it. But a measure that fails to meet these standards cannot pass the House.

We have an extraordinary opportunity to do something big for our economy. If we seize this moment, we can deliver an important victory for our country and for the future of our children and grandchildren.

Sincerely,
John Boehner

Spending Cuts Must Exceed Debt Limit Hike Or It Will Cost Jobs

Jun 24, 2011

Washington-

Today, Congressman John Boehner (R-West Chester) released the following column discussing President Obama’s request for an increase in the national debt limit:

“Last November, the American people voted for a new majority in the House and sent us to work with a clear objective: ending the job-crushing spending binge in Washington. The government’s addiction to spending has created even more debt, hurt our economy, and threatens our very way of life. But make no mistake; we have a debt crisis in this country because Washington continuously spends more than we have, not because our taxes are too low. So when the Democrats who run Washington proposed tax hikes as part of an agreement in our negotiations to raise the debt limit, I knew that this meant more problems for our economy and another way Washington would be hindering job creation. This is unacceptable.

“When President Obama requested a debt limit increase I was clear that any agreement would have to include spending cuts that were larger than any increase to the limit and that tax hikes were off the table. The American people will not accept an increase in the debt limit that is accompanied by job-crushing tax increases and fails to dramatically cut and reform government spending. And since January, I have been clear: the new majority in the House will stand with the people.

“The president and his party may want a debt limit increase that includes tax hikes, but such a proposal cannot pass the House. I agree with Stanford economist John B. Taylor when he said, If you look around the globe, the countries that have a simultaneous growth problem, and we have a very bad growth problem, and a budget problem – the recipe for success has been to keep taxes low and then cut spending on transfer programs and government employment. That really is a playbook that the U.S. should run and be much more successful.’

“The president and his party may want a debt limit increase without spending cuts that exceed the amount of the debt limit increase, but such a proposal cannot pass the House. On June 1st, more than 150 economists signed a statement agreeing with House Republicans that any debt limit increase that ‘is not accompanied by significant spending cuts and budget reforms to address our government’s spending addiction will harm private-sector job creation in America.’

“The president and his party may want a debt limit increase without budget reforms that will restrict Washington’s ability to spend in the future, but such a proposal cannot pass the House. Everyone agrees that we cannot continue down this path. Our nation’s debt currently stands at more than $14 trillion, which amounts to a $45,500 ‘birth tax’ for every child born in America this year or $120,500 for every household. The Federal Government is currently borrowing more than 42 cents of every dollar it spends, much of it from the Chinese, and sending the bill to our children and grandchildren. I believe our future generations deserve better and I intend to work toward that brighter future.

“House Republicans understand that a debt limit agreement that raises taxes and fails to rein in out-of-control government spending will not only hurt our economy but further impede much needed job creation across the country. If the president and his allies want the debt limit increased, it is only going to happen via a measure that meets these tests. If the president puts forth such a proposal, he has my word that the House will act on it. But legislation that fails to meet these tests cannot pass the House.

“If the president wants this done, he must lead. We have an extraordinary opportunity to do something big for our economy and for the future of our country. With presidential leadership, we can seize this moment and deliver something important for the people we are lucky enough to serve.

“Boehner represents Ohio’s 8th District, which includes all of Darke, Miami, and Preble counties, most of Butler and Mercer counties, and the northeastern corner of Montgomery County. He was first elected to Congress in 1990.”

If we don’t raise the debt ceiling the USA will default on our loans.
That is a total crock!

Most of us are aware that shortly the debt ceiling issue must be decided by congress.
Will it raise or will it not?
Republicans say they are not for the raise instead we need to cut spending.
Democrats shriek and whine that the ceiling MUST BE RAISED if the government is going to keep from defaulting on its loans.

In reality how all of this actually translates into basic English?
Enough taxes are collected DAILY to pay our debt.
So why are Democrats whining like babies?
Pretty simply … if Republicans hold firm on NO DEBT CEILING RAISE?
Democrats will be forced into the position of no more loans so … THERE MUST BE CUTBACKS.
You can see the dilemma that the Democratic party of spend, spend, spend is FORCED TO FACE.

That very basic 4th grade math logic is understandable to most.
Democrats hope FEAR will cause reality to fly over the heads of “we the people” and plunges us into a state of panic in order to gain support for their continued SPENDING SPREES.

Will it work? I must admit we have a segment of the population who are died in the wool lemmings.
Are the “rational thinking” of the USA willing to go bankrupt for a few who would follow a toad into a fire?

It is interesting to watch.
My guess is for those who ARE NOT willing to stand a ground and get this problem FIXED … they will themselves be jobless after the coming elections.

A word to the wise … the public is suddenly getting more educated and politically savvy.
Will they simply vote business as usual?
Like 2010? … NOT THE NEXT TIME AROUND EITHER!