A Billion Here, A Billion There

But, of course, Obama is larger than all of that.

A 'god' complex tends to dim the view of the real world, and additionally the size of the pile of somebody else's money.

O...B...A...M........A!

One Big Ass Mistake, America!

How the heck are you supposed to flush all that, plus ten times more, down the toilet? Obama really must be the one who stopped the oceans from rising.

There's a possibility that is not being discussed in the media.

The possibility of default by the U.S. federal governement.

Combine a substantial federal debt with the trillions being spent on stimulus with the looming baby boomer retirement with its explosion in entitlement spending... Just when the U.S. government should be tightening the hatches it's spending like a sailor on shore leave.

This recession will seem like fair sailing compared to the day that bond traders decide that the U.S. government isn't good for its debt.

What we need is a graphic to show us the pile of burned out paper shredders needed to turn that pile of bills into packing insulation because that's basically what's being done to it.

And their complaining about 'excessive' evil 2 ply toilet paper...tsk, tsk.
;~)

rabbit - I agree and I am very concerned.

Luckily for the US, there has been a flight to US dollar safety, but what happens if that ends?

Look at how Russia is now giving Obama the cold shoulder. Obama is now showing weakness when he should be looking strong and arrogant (should be easy that).

The only thing that the US has backing up its treasury is a very strong Army. But how strong is it still? Draft dodgers in the 70s were viewed as weak and ignoble. Now they are fêted by some in Canada.

We are in for fun times.

Just after the Human Resources Dept. under Jean Chretien "Lost" a billion dollars I tried to figure out how much money that was, as it is a sum that most people (including myself) can't really grasp.

So pretend that you are a Liberal. Your job is to take one billion loonies and throw one every second into a bottomless pit without stopping. How long would it take? Just a tad over 32 years.
That means that 315 billion would take... never mind my head hurts.

Eric

I am already way past concerned, and in the "it's inevitable" camp. I might add that the default will likely take the inflationary path, rather than outright repudiation of the bond obligations. If it is dollars they owe, then by golly, it is dollars they will get.

I think Michelle Obama could pick that up with her wonderful "pipes"

her legs may bow a little more

The poet laureate at Hugh Hewitt's show was saying that a trillion pennys would be the size of mars.

check out Tarzana Joe's poem here:

http://hughhewitt.townhall.com/MediaPlayer/AudioPlayer.aspx?ContentGuid=416a59c1-c184-4007-8c0b-f1806303a9bf

and cue to about 32 minutes.

rabit wrote:
"This recession will seem like fair sailing compared to the day that bond traders decide that the U.S. government isn't good for its debt."

Indeed, Congress may have passed it and the Owe has signed it but then Democrats have never had a loan/mortgage refused at the bank/mortgage company.
The bond traders/offshore cash reserves will have the final say. If they pick up this paper, they risk loosing/devaluing their current US bond holdings.

Senator Dirksen - witty guy. My favourite take on that saying was from an article by Mark Steyn about 6 years ago (I think) talking about Gamil Gharbi(sp?) shooting 14 women in Montreal, the Libranos, and the weakening Canadian dollar.

Slightly off topic, but the headline says it all.

Ontario faces $18-billion deficit

So, chimpy mcidiot seems to think that it is ok to spend 5 billion of borrowed money on windmills and other enviromoonbattery.

Maybe the arsehole might want to re-think some of his pet projects......but I shall not hold my breath waiting for fear of suffocating myself.

Or, maybe, just maybe, he might want to consider an across the board 10% pay and benefits cut to all civil servants.

You know, spread the pain around a little, and lighten the burden a little on the poor, overtaxed working folk who pay their salaries with our toil and treasure !

Madoff has just got to be drooling, he pi$$ed off a bunch of investors

Owebama is set to pi$$ off the whole world

The Obama-Nation(tm) is now known to Mark Steyn as the SIX TRILLION DOLLAR MAN superhero.

The Obamessiah will save everything and everyone, NOT.

Infinite fun with the 6 Trillion Dollar Man.

http://article.nationalreview.com/?q=MGQ2MjI3NWIwYTQ4NWIzODk0YWE4ZDcxODg3ZDdkMmQ=&w=MQ==

"Of course, when Barack Obama is accused of creating his Six-Trillion-Dollar Man “because I believe in bigger government” he denies it: “I don’t,” he says flatly. This is like Clark Kent telling Lois Lane he’s not Superman: They just look a bit similar when he removes his glasses. Likewise, any connection between Obama and a Big Government behemoth swallowing everything in sight is entirely coincidental."

Cheers

Hans-Christian Georg Rupprecht, Commander in Chief

1st Saint Nicolaas Army
Army Group "True North"

I mentioned it before - I'll mention it again. You can only "double the economy" (or exponentially grow the economy) for so long.

The chess board analogy.

Put down one penny on the first square, two on the second, four on the fourth. Easy, right? But on the 64th square, you would have 9 followed by 18 zeroes pennies.

Are we nearing the end game of the doubling scenario?

Obviously the mathematically challenged have been running govts far too long around the world.

Liberal shrill Lawrence Martin chortles that this is the end of conservativism.

As I pointed out before, the people running the govts were not real conservatives, ie people whose main concern is the preservation of wealth and property and time to create wealth by hard work.

Most world leaders have been Socialists/Liberals/Democrats whose only concern was to divide and spend the spoils of other people's hard work.

Socialist Pres Obama has already said he loves the people who earn over $200,000 the most because he is going to tax and spread their wealth around to buy gasoline and pay mortgages for his friends.

And contrary to Martin's anti-conservative gloating, we the people are all conservatives now.

It is actually the end of the Socialist/Liberal/Democrat wasteful, disposable society.
That is exactly why the economy is drying up.

Chauncey Gardner? "Remember him from "Being There"

I really can not stop laughing every time I see Obama (or read his quotes on SDA) talking about the economy. He is more like Chauncey Gardner than Peter Sellers!!

So what are you all doing this Friday night? I would highly recommend some beer and popcorn and if possible watch that movie again (or for the first time) and think of Obama as president.
It will put a smile on your face ( instead of throwing the remote through the TV )every time you see the fool on TV.