Age of Obama: All Falling Down

Wednesday, October 28, 2009

Money

Obama's mega-borrowing is predicated on a rather thin margin of safety. We can service nearly $2 trillion in additional debt this yearon top the of the existing $11 trilliononly because interest rates are so low.

Posted by JeffJ at 07:35 AM | 10 COMMENTS | permalink | Comment on This Entry |

Front Page
News Weblog
Comments
Flagged Comments
User Blogs
Write a Blog Entry
Create a Poll
Edit Account
Weekly Digest
Stats Page
RSS Feed
Back Page

Subscriptions

Author Info

JeffJ

Jeff Jaskolski

Contact User
No Home Page

Joined 2005/05/25
Visited 2012/02/09

Status: user

One reason why the Obama Administration is so Incompetent (54 comments) ...

Obama’s Postmodern Vision (7 comments) ...

Benedetto: Obama Dodging the Press (29 comments) ...

Our Legal System is Seriously Broken (8 comments) ...

Special Features

Daily Nooner

Comments

Admin's note: Participants in the discussion of this weblog entry should note the site's moderation policy.

A couple of notes here:

1. This article addresses a variety of issues, not just money.

2. I don't agree with everything this author put forth. His condemnations of how Obama is handling Iraq and Afghanistan are off-base IMO due in large part to the fact that he isn't so much criticizing what Obama has already done, but what he believes Obama will do.

3. He DOES make a lot of good points with some solid historical data as support and he makes his points in a rather forceful manner.

Posted by JeffJ at 2009-10-28 07:37 AM | Reply | Flag:

the messiah is toast.

Posted by chickenrancher at 2009-10-28 08:37 AM | Reply | Flag:

the messiah is toast.

#2 | Posted by chickenrancher at 2009-10-28 08:37 AM | Reply | Flag: racist

Jesus is NOT black.

Posted by Hagbard_Celine at 2009-10-28 09:23 AM | Reply | Flag:

There's an inconsistency in the article. The author mentions increased predator attacks in Afghanistan (peace prize material), Gitmo / Bagram, acting like Bush, etc.. but also claims Obama is an appeaser left of Carter.

Posted by LIVE_OR_DIE at 2009-10-28 09:29 AM | Reply | Flag:

Exactly, LoD.

I saw the same thing.

Posted by JeffJ at 2009-10-28 09:30 AM | Reply | Flag:

"Jesus is NOT black."

No, but he is swarthy. (g)

Posted by pragmatist at 2009-10-28 09:44 AM | Reply | Flag:

The author is a pant-pissing doomsayer
Enuf said

Posted by geehowdyfrommo at 2009-10-28 09:51 AM | Reply | Flag:

No, but he is swarthy. (g)

#6 | Posted by pragmatist at 2009-10-28 09:44 AM | Reply | Flag: Creepy admission

Posted by Hagbard_Celine at 2009-10-28 09:56 AM | Reply | Flag:

The author is a pant-pissing doomsayer
Enuf said

#7 | Posted by geehowdyfrommo at 2009-10-28 09:51 AM | Flag: Keepin' the Faith™

Posted by LIVE_OR_DIE at 2009-10-28 09:58 AM | Reply | Flag:

OFF TOPIC:

en.wikipedia.org

Shortly after Butler, in Helvering v. Davis,[22] the Supreme Court interpreted the clause even more expansively, conferring upon Congress a plenary power to impose taxes and to spend money for the general welfare subject almost entirely to its own discretion. Even more recently, the Court has included the power to indirectly coerce the states into adopting national standards by threatening to withhold federal funds in South Dakota v. Dole.[15]

To date, the Hamiltonian view of the General Welfare Clause predominates in case law. Historically, however, the Anti-Federalists were wary of such an interpretation of this power during the ratification debates in the 1780s.[23][24] Due to the objections raised by the Anti-Federalists, Madison was prompted to author his contributions to the Federalist Papers, attempting to quell the Anti-Federalists' fears of any such abuse by the proposed national government and to counter Anti-Federalist arguments against the Constitution.[16][25

Posted by LarryMohr at 2009-10-28 11:02 AM | Reply | Flag: