Bluegrassrivals

The tiny island nation of Cyprus steps up to center stage today; White House spokesman Jay Carney told reporters that the US is watching the situation closely, but declined to comment much further. http://www.guardian.co.uk/business/2013/...rs-markets

Carney told a press briefing in Washington:
"We're obviously monitoring the situation right now. We believe it's very important for Europe to take steps necessary, as they have been, to both grow and deal with sovereign debt issues."


Wow, that's profound Jay! Something like this will herald the coming economic collapse discussed in the "Dow continues record run" thread. With over 177 of the world's nations in financial 'crisis status', at some point the time will be right and the first domino will fall. Even now among certain European economists there are fears that the entire Eurozone is teetering near to the precipice already. Haunting lines from the past are being repeated today such as, "a run on the banks", and, "all banks are closed" to abate the effects of the crisis from spreading to Greece and on into the ranks of the Eurozone.

But hey, as the song suggests, "Don't Worry Be Happy". Because according to Obama when he was speaking to John Boehner, "we don't have a spending problem". LOL, I was worried that might not be right until I read what nicker: Nancy Pelosi said. House Minority Leader Nancy Pelosi, D-Calif., said that the United States government doesn’t have “a spending problem,” a position President Obama has reportedly taken in private but avoided saying in public. LINK --- http://washingtonexaminer.com/nancy-pelo...le/2521088 :igiveup:

We passed the 16 Trillion dollar federal deficit milestone during the democratic national convention, folks that was just last September. Here we are in March, we've still got the debt insane-O-meter pegged and are nearly three quarters of the way to the 17 Trillion marker aready. I'm barely used to the idea that the new year is actually 2013, LOL.

^ Your guys, Ryan and Boner said we didn't have a debt crisis.

TheRealVille Wrote:^ Your guy Boner said we didn't have a debt crisis.

Boehner said we still have time to turn things around before the crisis is fully upon us. You know, it is advisable to take the medication before an infection turns gangrenous.

^ Tell your guys in the House to quit spending so much, and help us out.

TheRealVille Wrote:^ Tell your guys in the House to quit spending so much, and help us out.

Spending so much? What an understatement. We are a popsicle stick riding the crest of a tidal wave of spending, the like of which history has not seen. In fact, America's overspending is almost entirely attributable to the democrat's supermajority into which, Obama confidently rode into office like King Arthur on a white horse.

TheRealVille Wrote:^ Tell your guys in the House to quit spending so much, and help us out.

:thatsfunn Spending so much? What an understatement. We are a popsicle stick riding the crest of a tidal wave of over-spending, the like of which history has not seen. In fact, America's overspending is almost entirely attributable to the democrat's supermajority into which in 2008, Obama confidently rode into office like King Arthur on a white horse. Only instead of showing off a sword and a quiver full of arrows, this king had the socialist liberal agenda and FDR's tired old bag of Keynesian economic tricks in tow.

My guys, got run over by that super majority and then got blamed for the results by a complicitous news media corps. Everything I have warned against has come to pass. Medical insurance will in releatively short order be up to $20 thou per family a year. The debt is rocketing towards 23 tillion by 2016. We've yet to recover on the jobs front, in that there are STILL fewer folks working than there were when Oblame-a took office. The military forces that protect our land have by design been greatly diminished. As we now find ourselves scrambling to redeploy a missile defense system after the left loons insisted we didn't need one and we therefore scrapped the one we had. Entitlements, through the roof, while, spending by the federal government is at 25% of the GNP and all democratic proffered recovery prospects are based on a 5% growth model. Astronomic when compared to the abysmal 0.1% growth rate in which we are presently mired. LINK ---http://www.usatoday.com/story/money/business/2013/01/30/gdp-report/1876053/

And all this social and fiscal madness is presided over by the greatest divider-in-chief in this nation's history and the US Senate. Those two have made very sure the republicans in the House didn't have much if anything, to say about our federal spending the last four years. You remember, the term that best describes the US Congress? GRIDLOCK? Hence, at his own direction, no budget for Obama's entire first term. First time in history a sitting president spent an entire term without a federal budget. Really, there is no historic precedent in which to compare it.

FWIW, since we can't afford to refuel an aircraft carrier, I hope China is disposed to loan us money for a missile defense system in view of the fact it is intended to defend us against a country they support, North Korea.