Living within it's means is double speak for a huge tax hike.

So you're saying it will be forced issue?

You know I hate that Tim Geithner is the Treasury Secretary. I think it stinks to high heaven. He reminds Me of a pencil pushing gheek who may have book smarts(Just saying) but He lacks the common sense necessary to pour piss out of a boot with the instructions writen upon the heel. I don't know. Like some pipsqueak who greased His way into the position instead of earning it. Let's put it this way President Obama has very much disapointed Me greatly on numourous issues. Sighhhhhhhhhhh Live and Learn I guess.

Larry

Larry - let's hope (I hate that word - like the gays taking of the words "gay" and "rainbows") we all live to tell the tale - I was highly disappointed in bush on more occasions than not and never failed to admit that - question is - are there ANY good people left to take the helm of this nation? It has become quite obvious THE PEOPLE don't have a clue!

We lost our brains Nanc when we obtained the computer and electronics Nanc. Seems to Me that had there of not been this Intellectual breakthroughs Such as computers electronic toaster ovens washing machines and dryers. Hell the Game of Politics is just used car salesmen trying to get the People to buy their "Lemons" and plenty of us and that does include Yours truly buy into their speils. I don't know Nanc. What I DO know is we is in serious troubles. Sighhhhhhhhhhhhhh

Larry

Which is why I'm happy to know my Maker, Larry. No thing really gets me down - Just wishing people could share in my joy...sigh...

Honestly, I could go to my cabin where we harvest rainwater and use our washer and bath water to wet our garden and have a woodstove for heat in a heartbeat, but try and take my dsl from me and...well, let's just say it ain't purty! We can, however check the weather and read the news on our cellphones - HA!

Are you stocked up on winter reading material?

Oh Yes Nanc I have books here out the ass and I always get once a Month Guidepost,Readers Digest,Good Old Days,Good Old Days Looking Back, Reminisce, Gothic Beauty amongst others. I don't lack for reading material My Bathroom is well stocked in that area. Oh and take away My Computer and I would go bezerck too. I am an Internet Addict deluxe. I even use the computer in My dreams. Especially making Retort posts in My sleep. So I am like You with regards to My Cable and WebTV. Gotta have it.

Larry

I'll never understand men and reading in the bathroom! Bought my husband "Power of the Praying Husband" right after it came out and we went to visit him where he was working and I thought, "Wonder if he's reading that book?" Went to use the loo and LO AND BEHOLD, there it was on the back of the terlet with copies of FIELD & STREAM and other manly reading material! Our son used to grab his Lego instructions and run through the house to the restroom at the age of three!

Larry - let's hope (I hate that word - like the gays taking of the words "gay" and "rainbows") we all live to tell the tale - I was highly disappointed in bush on more occasions than not and never failed to admit that - question is - are there ANY good people left to take the helm of this nation? It has become quite obvious THE PEOPLE don't have a clue!
#4 | Posted by nanc at 2009-10-17 10:05 PM

Are you inventing another "homosexual agenda" angle?

Regarding the colors of our flag: pink is for sexuality, red for life, orange for healing, yellow for sun, green for nature, turquoise for art, indigo for harmony and violet is for spirit.

At least you've got your rebel flag to be proud of.

The noun "gay" was popularized in the early 1970's to label someone as homosexual. Similar to the use of "nigger", but more likely to get you harassed, attacked or murdered if you really were "back in the day".

You should be aware of the hurtful nature of your comments when you slight the LBTG communities. We've never done anything to you or to deserve your hatred.

Try and live by what you posted: "Which is why I'm happy to know my Maker, Larry. No thing really gets me down - Just wishing people could share in my joy...sigh..."

On topic: Geithner represents the hubris of the secret wealth. The Fed must be held accountable, and will squeal with delight as they invent a global currency to spread even more non-money investments globally. They have done such a poor job it's surprising nobody has been fired or investigated. Be sure that they will get their golden parachutes, bonuses and pensions should anyone "fall on their sword".

"Living within it's means is double speak for a huge tax hike."

And exactly when and how did you plan on paying for our national debt?

And exactly when and how did you plan on paying for our national debt?

Well for 8 years under Bush (who doubled our national debt), passing the burden onto our children and grandchildren was perfectly acceptable approach for the rtards.

Deficits didn't matter then.

Pay down the debt now doesn't matter to them either.

The problem is that until the trade deficit becomes a trade surplus, this nation will continue to be a debtor nation.

Repeal of NAFTA and CAFTA and other mythical free trade deals would go a long way towards achieving that goal.

Energy independence would the other approach to it, but as we have been told over and over by the right there is plenty of oil, there is no need to invest in green energy businesses.

Timeroid....the tax cheat. Our means? Look at the debt the gov't has created!

...but not Geithner's cohorts at Citigroup, G-Sax, Morgan-Stanley. They enjoy the implicit support of hundreds of millions of poorer people. Furthermore, they are above the law, being Corporations and all. Private Investment Banks, magically turned into FDIC Insured holding companies without ever paying into that system. Pay out millions in fines, without admitting any guilt, pocket billions. A few million for vital candidates gets you control of the Fed, Treasury, White House, Congress and the SEC netted $55 just for G-Sax, $393 billion for Citigroup, $180 billion for AIG... you can't buy influence in Nigeria that cheaply.

Geithner is right, we do need to start living within our means. We should look back and see when we stopped living within our means. Surprise, surprise, surprise....it was during the presidency of good old Ronnie Raygun. Amazingly, unexpectedly, illogically it seems big tax cuts resulted in deficits. Who knew???? The bigger the tax cut the bigger the deficit. The small increases in taxes resulted in what??? SURPLUS!
Not exactly rocket science.

Yes! Just look at the shit storm of Republican idiocy that America is still reeling from!

"And exactly when and how did you plan on paying for our national debt?"

What? Since when did rtard leeches want to pay their bills? Nothing but parasites that want trillion dollar wars served with trillion dollar tax cuts.

^.^

"Geithner: US Must Live Within Its Means"

Uhmm... yeah, this AFTER the stimulus bill, and with the healthcare bill on the table ... we should live within our means... better chuck Obummer's programs out the window then...

I'm calling "YOU GO FIRST, DEECEE!" Surely people will follow...

"US Must Live Within Its Means"

Of course to tax cheats like him and Rangel, US is code for WE. Has nothing to do woth THEM.

Geithner is right, we do need to start living within our means.

Austrians have been saying that for decades. Too late now.

The bigger the tax cut the bigger the deficit.

Which goes to prove politician's inability to control their spending. Now the feds are running out of credit, having to resort to writing checks to themselves. They won't stop until their debt pyramid collapses and the dollar is worthless.

Nanc and Larry were having a conversation.
They were agreeing that Presidents have been disappointing.

While some things we may like, it just seems to be getting worse.

Then, the hordes come to trample on each other.
It's the R's fault.
It's the D's fault.

Do you really believe either party has ever considered paying off the entire National Debt and keeping the US debt free?

Clinton is the first name I hear when it comes to paying down the ND. Paying off part of the interest accruals isn't paying of the ND.

Next time you are there to ask the President a question, please ask him how he intends to pay off the National Debt?
Congress is talking Deficits and you can't pay off the ND with Deficit.

"Well for 8 years under Bush (who doubled our national debt), passing the burden onto our children and grandchildren was perfectly acceptable approach for the rtards.
Deficits didn't matter then.
Pay down the debt now doesn't matter to them either.
The problem is that until the trade deficit becomes a trade surplus, this nation will continue to be a debtor nation.
Repeal of NAFTA and CAFTA and other mythical free trade deals would go a long way towards achieving that goal.
Energy independence would the other approach to it, but as we have been told over and over by the right there is plenty of oil, there is no need to invest in green energy businesses."

Stop pointing to the past and look at what this adminstrations agenda is doing now to the current national debt

Stop pointing to the past and look at what this adminstrations agenda is doing now to the current national debt

#22 | Posted by bph320
* * * *

That's no fun. Libbies still like to drag the carcass of Ronald Reagan around. You think they're going to let Bush go so easily?

"Pay as you go." Remember that? This group of libtards running Congress and the White House is the biggest group of liars Washington has ever seen. And they know they can stick around only so long as libbies as a whole are more stupid and more partisan than they are.

So far, so good! Gobama! Go Tax-Dodgin' Timmy! Go Bawney!

"The United States must live within its means........ Treasury Secretary Timothy Geithner said on Friday."

How 'Special' comming from proven tax cheat 'Turbo Tax Timmy'

.

This group of libtards running Congress and the White House is the biggest group of liars Washington has ever seen.

#23 | Posted by rightisright at 2009-10-18 01:00 PM
---------------------

Absolutely correct!

2010 can't get here soon enough.....

.

"This group of libtards running Congress and the White House is the biggest group of liars Washington has ever seen."
#23 | Posted by rightisright

Well, it is _very_ obvious someone has never read the history of the US.

Not an uncommon occurance these days. In the past, however, such people would try to not display that ignorance. Anonimity is such an equal opportunity employer.

What a chuckle-- we have to live within our means--coming from who sets a great example both by not paying some of his taxes and not doing his job as a member of the New York fed. It's always amazing how many of the individuals that got us to where we are are now in a position of trying to extricate us from said position. Not only that, but they will never suffer the pain that is and will be inflicted, economically, on a large number of Americans. It's not a question of whether we will consciously make the decision to "live within our means" it will be forced on us now by a deleveraging cycle that Washington and the fed can do nothing about except play around the edges and either make things worse or prolong the pain.

Republicans=Spend and Spend

(reagan/bush41=Quadtrupled the debt and bush43 doubled it...)

Dems=spend and pay for it and what repubs charged with taxes

Who is more responsible and in tune with how we have to live?

"Living within it's means is double speak for a huge tax hike."

And exactly when and how did you plan on paying for our national debt?
#10 | Posted by Danforth at 2009-10-18 02:19 AM

Revocation of the defense budget - full accountability. Those trillions would have fixed New Orleans, the Northern freeze and the Southern hurricane damages, Enrons rolling electricity destruction and so much more. The DOD is an abusive funnel and should be shut off entirely. No accountability for their waste and fraud means nobody could ever afford that.

The average Wall Street bonus is around $700,000 and that would pay for 337 students average $2,076 tuition at our local Community College for an entire year. And that's just ONE of the thousands of investors who are grossly profiteering at our expense. WHY aren't scholastic institutions represented on Wall Street or setting a maximum bonus, pay and pension - all other funds going to social programs? In essence schools are "creating" the very workforce that Wall Street is trading against.

"Geithner is right, we do need to start living within our means."
#14 | Posted by danni

And where does Geithner get this "we" shit? He have a turd in his back pocket?

Do you really believe either party has ever considered paying off the entire National Debt and keeping the US debt free? -- Petrous

The simple, correct answer is NO! And Hell NO!

The Repubs acted like Dems when they were in charge and really screwed things up. They paid the price in 2006 and 2008.

But these folks don't care because they won't be here in 10 to 15 years--not serving congress anyway.

They are all addicted to spending other people's money.

Then you have this asshole--Thimmy--passing out advice he doesn't follow.

pfft...

#29 | Posted by redlightrobot = Statist

#29 | Posted by redlightrobot = Statist

#32 | Posted by MURPHY

Murphy loves that word. She hates statists. She wants the State to outlaw gay marriage. She hates statists. She loves the War on Some Drugs, but hates statists and loves the Patriot Act.

#29 | Posted by redlightrobot = Statist
#32 | Posted by MURPHY at 2009-10-18 02:28 PM

I believe that We The People should be voting on each and every bill and not a select set of representatives.

That right there negates your ridiculous assertion.

You are a contrarian, and would have everyone believe that Democracy requires amoral, uber-wealthy influence over the factual needs of the Nation and the planet.

ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha.... wait.... isn't he the Secretary of the Treasury? I wonder what his is looking at in his office each day? He must have not looked at the deficit numbers!!!!

#14 | Posted by danni

Once again, talking out your ass.

That Clinton "surplus" you guys are so quick to throw around was a direct result of the Reagan and Bush 1 policies. Do some research once in a while.

Living "within your means" is exactly what it says - don't spend what you don't have. It DOES NOT mean increase taxes. That's your guys' answer for everything. Stop welfare, stop ALL gov't subsidies, stop "Obamacare", stop sending money to Brazil so they can drill for oil when we can't.
And energy independence is not "green energy". Green energy is never going to supply the US or anyone with enough energy - ecconomicly. Energy independence is nuke plants, drilling our own oil, drilling our own natural gas. You guys have to get your head out of the sand and face reallity.

Here's some reality. Anyone who lived with tax cuts and increased spending has a debt to pay. Anyone who doesn't want to scrap the Reagan and Bush tax cuts is a deadbeat.

Here's some reality. Anyone who lived with tax cuts and increased spending has a debt to pay. Anyone who doesn't want to scrap the Reagan and Bush tax cuts is a deadbeat.

Posted by igmoramus

Fortunately, they're going to sunset next year. That was an irresponsible move if there ever was one by the Shrub: Cutting taxes while you're planning on going to war and propose multi trillion dollar new programs.

"Right Wing Logic" is an oxymoron

They are all addicted to spending other people's money.

#31 | POSTED BY MURPHY AT 2009-10-18 02:27 PM

I don't entirely disagree with all you say, however, this struck me interesting......you say it as if they committed murder. In fact, isn't spending taxpayer's money on things EXACTLY what we pay them to do as our representatives?

All due respect

Whenever ANY republican starts talking about living within your means he ALWAYS means US. Not himself.

Oh Geithner switched parties?

I think if you put down the koolaid you will see that the Dems are in the same boat, only more like a cruise ship than a Yacht.

I guess Range, who MAKES the tax law yet cannot abide by it, will as well then.

Just as long as they keep borrowing from Goldman Sachs, right Tim?

NO SHIT Batman!!!!! Tell your boss that.

Congress needs to buck up and take a very hard look at our monetary policy. The Treasury/Fed are obviously showing preference to who gets the money and who owes it.

How can we address health care or education or anything else when our currency is in a steady decline?

"Fortunately, they're going to sunset next year."

The Bush tax cuts yes but not the Reagan tax cuts. With our debt so large, add healthcare, add two wars, we will need to repeal the Reagan tax cuts too if we expect to actually repair the damage done to this country. In WWII people agreed willingly to pay high taxes because of an external threat now we need to convince people that the threat posed by excessive debt is just as real.

Not an uncommon occurance these days. In the past, however, such people would try to not display that ignorance. Anonimity is such an equal opportunity employer.

#26 | Posted by AILtd
* * * *

Before wondering if someone else is ignorant, learn how to spell occurrence and anonymity. It'll make you seem less stupid.

All the money being created is going to the banks and not to mainstreet. I love government sachs (goldminesachs; goldman slacks). They made tremendous amounts of money in the third quarter and now have the moral (do they know what is moral?) dilemma of whether to pay BILLIONS out in bonuses. Now, remember,folks, the money they made was from capital supplied to them from the taxpayers through the government-- that's right,can you dig it? If the government hadn't given them taxpayer money they wouldn't exist today--that's right-- they would be gone and many of these wealthy partners because of some of their stupid bets would be bankrupt, financially ruined, finished. All their playthings would be gone. Maybe Timmy should tell these folks it's time to pay the taxpayers back and live within their means.

sachs didn't make shit. They got trillions in bailouts and are now posting profits in single digit billions. That is called fraud.

Nanc the reason why Men love reading in the bathroom is obvious. That is the one room where we can sit relax and take a "Load" off of our minds and contemplate life and what have You. Where better to read a book/magazine/newspaper and actually digest the information within. I find it theraputic.

Larry

So Geithner says "US must live within its means..."

Of course he means, "US must pay the bills while I live an extravagant lifestyle because I don't have to pay my own bills and can get the morons who let crooks like me get into office to pay my way."

Fucking politicians.

The dieback cannot begin soon enough.

/LUR stopped trying to be reasonable a long time ago

This fucking guy should take some of his own goddamn medicine.

Any effort to fix the economy that does not include a HUGE spending cut (enough that revinues EXCEED expenses, and excess is applied to debt...), is doomed to failure.

And exactly when and how did you plan on paying for our national debt?

#10 | Posted by Danforth at 2009-10-18 02:19 AM | Reply

Very simple. Government should stop spending more than they take it. Do not raise taxes. Stop the give aways. Stop the 'cola' BS. Reallocate the money saved to pay down the debt.

#14 Danni> We should look back and see when we stopped living within our means. Surprise, surprise, surprise....it was during the presidency of good old Ronnie Raygun. Amazingly, unexpectedly, illogically it seems big tax cuts resulted in deficits. Who knew???? The bigger the tax cut the bigger the deficit. The small increases in taxes resulted in what??? SURPLUS!

Liar, liar, pants on fire! [I'm posting this every time you lie about Reagan's tax cuts causing the deficit -- I've pointed out the fact to you numerous times in the past and you've blithely ignored it EVERY TIME]

#21 Petrous> Do you really believe either party has ever considered paying off the entire National Debt and keeping the US debt free?

No. Both parties talk a bit differently about their financial strategy, but in the end there isn't much difference.

>Clinton is the first name I hear when it comes to paying down the ND. Paying off part of the interest accruals isn't paying of the ND.

I'm not a big fan of Clinton, but he could have done a lot worse (like Bush II and Obama). Clinton was assisted by Congressional Repubs in spending cuts (or slowing growth).

#25 2008ATL> 2010 can't get here soon enough.....

But who do you honestly think is going to do a better job handling the federal budget? The democrats are doing a horrible job, just edging out the republicans for spending like, um, hogs at a feeding trough. The Repubs have talked more about fiscal responsibility in the past but there is a wide chasm between what they say and what they do.

Seriously: who in the world is going to cut federal spending and work to bring down the huge national debt on the backs of all taxpayers??

Seriously: who in the world is going to cut federal spending and work to bring down the huge national debt on the backs of all taxpayers??

Nobody! And when you add off-budget debt, accumulated debt and unfunded liabilities we're talking about amounts impossible to pay off.

If Washington was at the least bit worried, they would have retrenched decades ago. Instead, they show every intention of spending until they are forced to default.

ray if we default what happens next? You have adult kids are you not worried for them? They may be jobless too. Remember if what you want happens nobody will be safe. Desperate men do desperate things. If we have 40-50% unemployment expect a crime wave like you have never seen. People will rob and kill each other for food and home heating oil.

what bullshit responses from the usual suspects here

what do the following ALL have in common???

debt more now than in first 200 years

more than economy of india, almost as much as canada and more than 4700 per man woman child in the us

sept..govt spent 46.6 billion ,more than it took in

sept 30 1.42 trillion while last years WAS 459 billion

15% of all reciepts by 2019 just to pay interest
UP 5%

190 billion in interest in last 12 months

economist say could quadruple to 17 trillion in 2019

what do they all have in common.

ITS OBAMAS ECONOMY......

and here is where liberal fucks say what axelrod said AS HE ALWAYS DOES to start any interview as he did yesterday morning

"well .uh george...you have to remember what we inherited"

bullshit...thats NO excuse for this..

of course what do you expect when the treasury sec is a TAX CHEAT and the chair of ways and means STEALS EVEN MORE...

"Before wondering if someone else is ignorant, learn how to spell occurrence and anonymity. It'll make you seem less stupid." - RiR

Because spelling errors show stupidity while hyperbole and lack of analytic skills don't. Great logic. Up to your usual skill level.

ray if we default what happens next?

Default is many years off and the timing can't be predicted. Look up what Argentianians experienced and look up hyperinflation. In the shorter term, as the dollar falls, we'll be seeing food and energy costs rise.

You have adult kids are you not worried for them? They may be jobless too.

My son is financially independent. We'll have an enough to cover my daughter and her family.

Remember if what you want happens nobody will be safe. Desperate men do desperate things. If we have 40-50% unemployment expect a crime wave like you have never seen. People will rob and kill each other for food and home heating oil.

Jackass, will you get off that bullshit that I WANT these things to happen. Our government is stealing on a scale unprecented in all history. I'm outraged by it.

#61 Ray> Default is many years off and the timing can't be predicted. Look up what Argentianians experienced and look up hyperinflation. In the shorter term, as the dollar falls, we'll be seeing food and energy costs rise.

I too wonder how far off it is. Too many Americans don't have a clue what 'hyperinflation' is though it has happened to several countries within the past 100 years. Argentina and Germany were the two I recall studying in school. The Germans used to have a saying about 'buying a sack of food with a sack of money', or something like that.

Since the federal government apparently isn't going to learn how to live within its means, that is until the bottom falls out, we must do all we can to live within our means as individuals and families. When the taxpayers can't fund another round of bailouts, the game of musical chairs will stop and it might be worse that the Great Depression of the 1930's.

The Great Depression was supposed to be the downfall of the U.S. The New Deal was supposed to be the downfall of the U.S. Yet, here we are, still able to say the U.S. is the top dog.

If 20 years from now we have defaulted on all of our loans and declared bankrupcy, I will buy the doomsday scenarios. Till then they are just that, scenarios.

Its a lot like the "our debt is now $100+ trillion" statement being tossed around. Which is based on the possible liabilties of SS and Medicaire into the far future being counted as debt now. Hogwash.

Geithner says WE must live within our means????? HE HAS TO BE MAKING A FUNNY!!!!????

LITTLE TIMMY, I HAVE NEWS FOR YOU. WE ARE AND WE DO LIVE WITHIN OUR MEANS, UNLIKE THIS GOVERNMENT!!!!!

Geithner, Obama, Democrat Senators, Representatives(and some Republican RHINOS) and others in government don't have to EVER LIVE WITHIN THEIR (OUR!) MEANS or look at the bottom line cuz they have access to all the money we schlubs send to DC (under threat of jail from the IRS!)for them to spend. They then redistribute OUR money to buy votes to stay in office/power.

I can't stop laughing with tears in my eyes for our country. THESE ARE OUR BEST AND BRIGHTEST?????????????????

If 20 years from now we have defaulted on all of our loans and declared bankrupcy, I will buy the doomsday scenarios. Till then they are just that, scenarios.

The time of default is not as important as how the feds there. They'll print as much money as they have to to meet expenses. The prices of gold and the dollar are two bellwethers.

"They'll print as much money as they have to to meet expenses."

And if those dollars are accepted by the international community, it means we aren't bankrupt. And the doomsday scenario hasn't occurred. And it means there is some very basic flaw in the doomsday scenario reasoning.

I'd vote for a liberal Dem if I thought he/she would annually spend LESS than annual revenue.

Yes, I'm serious.

And if those dollars are accepted by the international community, it means we aren't bankrupt. And the doomsday scenario hasn't occurred. And it means there is some very basic flaw in the doomsday scenario reasoning.
#67 | Posted by AILtd

A falling dollar means it is being rejected by the international community. In fact, the international community has began the process of weening themselves from the dollar standard by developing alternative currencies.

All you want to do is argue with me about things you know little about. What it means is that you are comfortable living in your cave.

Ray you can claim you don't want doomsday to occur but you bring it up all the time. If it happens I'd rather have bullets than gold. People may not exchange food for gold but a loaded shotgun will ensure I either die or get what I need to survive.

#67 Ailtd> And if those dollars are accepted by the international community, it means we aren't bankrupt.

How close to such a scenario do you think we are today? Closer than we have been in the past? Very close? Not even remotely close?

I remember reading a book years back by Larry Burkette, possibly "The Coming Economic Earthquake". Some of his predictions were off, but others are very close to the problems we are seeing today. His was not a 'head for the hills' type book, but he laid out simple economic facts that have largely been ignored by our politicians and led to huge federal debt and fewer ways to resolve it without shaking up our society. Just my $0.02, in today's currency. ;~)

Ray you can claim you don't want doomsday to occur but you bring it up all the time. If it happens I'd rather have bullets than gold. People may not exchange food for gold but a loaded shotgun will ensure I either die or get what I need to survive.
#70 | Posted by jackass

That's really stupid. I'm just a messenger. You oughta be glad there is someone like me who has a basic understanding of the dangers we are in. What I find interesting is that so few make an effort to investigate on their own or ask me for sources. They rather argue with me.

There will be riots and more crime, maybe even martial law, but it won't be the anarchy you fear. That's something you can research for yourself if you have the initiative.

I'll do what I think I have to do and you do what you think you have to do.

One more point, Jackass. I bring it up all the time because it occupies a lot of my time and thought. I think most other matters are a distraction to what is arguably the most significant historical event since the fall of Rome.

AKAT you post a chart showing income tax amounts collected NOT ADJUSTED FOR INFLATION. When it is you will see revenues actually fell. That's why they laughed at Laffer.

Barack Hussein Obama -- One rule for me and one for you - Quick pass another stimulus through ... Mmm Mmm Mmm

FYI

Washington's Tower of Debts

The total amount of U.S. government debts and obligations is far greater than what most people realize.

Uncle Sam is saddled with

* An officially recognized national debt of $11.8 trillion, which will likely exceed $12 trillion sometime this month.

* Unfunded national obligations of $104 trillion!

* Another $9 trillion in cumulative deficits over the next ten years.

* Plus another trillion dollars for health care reform, no matter what bill finally makes it through Congress.

Grand total: $125.8 TRILLION of public debts!

Ray I welcome whatever doomsday brings. You say anarchy won't be the end result. Well the opposite is tight authoritarian control. If you think the govt won't take your gold you are sadly mistaken. They will with extreme force. You had better hope for anarchy since you have a slightly better chance of hanging on to what you love most in the world... your gold.

Great move. March Timmy out and tell John Q. Public all about it. Fucking tax cheat. Joe Biden should kick his unpatriotic ass.

Let's see.

Un-employment compensation extensions.
Social Security, Medi Care, Medicaid, SSDI, In arrears student loans, ADC, S-chip, Food stamps, Section 8 housing, Workmans compensation claims, College grants, A plethora of foreign aids, some statues, some art work, some public private airports, some bike trails, some horse trails, some golf courses, new schools (buildings) with failing students.

Ah, that's enuff and I was just getting started.

Pretty much 3/5's of the American population expects someone else to pay for something they feel entitled to. AKA "FREE STUFF". Including worthless government jobs.

We're screwed. Too many people on some form of governemnt teet for too long.

Google Grandfather economic report and educate yourselves.

Yes U.S. people we gave away trillions of your dollars as soon as I took office and had to do it quickly so as to catch everyone sleeping in order to fleece everyone unawares.
Now the great Dictator says, everyone is going to have to tighten his belt and sacrifice and must learn to live within our means...
2012 is coming dictator, we will not forget...

"Yes U.S. people we gave away trillions of your dollars as soon as I took office"

Um...unless Obama took office in September 2008, that was Bush. But don't let the facts get in the way of your desperate lie.

Maybe China should just foreclose on this administration.

Then Obama can go back to Chicago!