Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Posts Tagged ‘Skip ONeill

Debt Limit

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Today we have a staggering $14.4 trillion debt, and President Obama wants to raise our nation’s debt limit without making permanent reforms in spending and fiscal policies.  Doesn’t he know that spending got us into this problem?  I suggest that we join some brave Senators such as Mike Lee, Rand Paul and Marco Rubio and and demand Washington Cut, Cap, and Balance the federal budget! It’s time to get serious about cutting spending … our children’s future depends on it.

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Unemployment

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McDonald’s recently had their own “National Hiring Day” in which they encouraged Americans to apply for new jobs at the company. All together, 1 million Americans applied for 62,000 jobs at McDonald’s and over 900,000 Americans had to be turned down. This is a sign that despite the Federal Reserve printing trillions of dollars out of thin air, the U.S. economy is still in a severe downturn without the possibility of a real recovery.  The McDonald’s hiring event resulted in 6.2% of applicants getting jobs.  This tells me that it is harder to get a job at McDonald’s than it is to get admitted to Harvard, where the admission rate is around 8%.  Go figure?

What high gas prices?

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So you think the price of a gallon of gas is high.  Let’s see, today the price of gold is right at $1,500 per oz and gas is right at $4.00 per gallon.  So for 1 oz of gold you can buy 375 gallons of gas.  If you think gas is high today, let’s go back to 1931.  Back then 1 oz of gold was $35 and gas was $.10 (10 cents).  Back then you could only buy 350 gallons of gas with 1 oz of gold.  This tells us two things, gold is the real store of value and two, our president is liar in telling us that speculation and the oil companies are the reason for the high gas prices.  He needs to look at the Fed as the reason for all of our financial problems.

Debt Limit

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Congress would be acting  irresponsible and reckless for them to even consider raising the limit without also enacting spending cuts and reform. The nation’s credit worthiness is directly tied to our fiscal stewardship, not our desire to borrow. America would send a strong signal to global financial markets by taking prudent steps to address our out-of-control spending habits, not by blindly giving ourselves another blank check.

Today’s national debt—the public debt that government has accumulated to finance its out-of-control spending—is approximately $14.3 trillion. To put that into perspective, the government’s annual budget for 2011, which is in itself bloated, is roughly $3.7 trillion. And to put the future health of our economy in perspective, President Obama proposed in his 2012 Budget proposal that we add $9 trillion to that debt over the next ten years.

Gov’t Shutdown by Harry Reid

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From Heritage:  You would think liberals in Congress have nothing better to do with their time. Amid a war in Libya, an effort to aid earthquake and tsunami-stricken Japan, a continuing war in Afghanistan, rising gas prices and endless unemployment, Senate Majority Leader Harry Reid (D-NV) and the Democratic leadership in the U.S. Senate are refusing to accept a modest agreement to fund the federal government through the end of the fiscal year. And time is running short. What’s Senator Reid wrangling over? A mere $51 billion in additional budget cuts, which amounts to a few days of government deficit spending.  This is why we are in the mess we are.

Will Biden try to impeach Obama?

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‘Did Joe Biden mean it when he said.    “I will make it my business to Impeach President who goes to war without congressional approval“.  Senator Obama said in December 2007:  “The President does not have the power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation.'” I guess the Libya war is just a conflict..

14M+ Americans on Food Stamps

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The U.S. government has been successful at temporarily paying off Americans into not rioting in the streets like in Arab nations. It was just announced a few days ago that the number of Americans on food stamps in the month of December of 2010 was a record 44,082,324, up 13.1% from one year earlier and 1.1% from one month earlier. That is more than 14% of the total U.S. population! Combined with President Obama extending unemployment benefits up to 99 weeks, American citizens are too busy and distracted playing with their iPad 2s and gossiping on Twitter about Charlie Sheen, to have any time to protest in Washington, DC.