US Action News

Rep. Bachmann has opposed raising the debt ceiling. “We’ve got to get some market sanity going on. … We have to do this now. … Huge taxes on the horizon. … We can’t wait.” Congresswoman Michele Bachmann (MN-06) spoke to Fox News’ Neil Cavuto about the national debt and the upcoming debate over the debt ceiling.

“We’ve passed dozens of jobs bills that still await action in the Democrat-controlled U.S. Senate.” House Republican Conference Chairman Jeb Hensarling went on FOX News’ “On the Record” to discuss House Republicans’ Plan for America’s Job Creators.

The screeching charlatans of the global warmists have come out of the closet and admitted their goal is redistribution of wealth. They’ve abandoned any pretense of science and instead are amping up the hysteria aimed at scaring you into paying up lest you die in your own carbon footprint.

Blackstone is profiting from Obama’s failed economic policies. Vulture capitalist Tony James is profiting from the collapse of America by investing over $7.5 BILLION in the collapsed real estate market. He stands to make billions. No wonder he is fundraising for Obama. He is making money when people go broke. Another Obama administration is sure to keep that going.

If Greece leaves the euro it will set a very dangerous precedent. The moment Greece exits the euro, investors all over the globe will be asking the following question: “Who is next?” Portugal, Italy and Spain would all see bond yields soar and they would all likely experience runs on their banks. It would only be a matter of time before more eurozone members would leave. In the end, the whole monetary union experiment would crumble.

“We’re spending twice as much money as we did in 2001. If you go back 15 years our deficit this year is bigger than what our entire budget was. That’s how out of control the federal government is. … There is a political reason we’re not having a budget. Everybody understands that. Nobody’s going to say it. .. “because we don’t want to make the hard choices in an election year.”

Some wish to have energy rationed or be made increasingly expensive, creating artificial fuel poverty for millions. Such policies will make food, clothing, shelter, transportation, and medical care – in short, everything – more expensive and scarce, create more unemployed workers, push many people back into conditions of poverty and deprivation, and gravely impair human health and welfare. This strategy will not save the planet, as they hope, because one of its first casualties will be environmental stewardship.

More jobs were lost in Obama’s taxpayer funded bailout and illegal bankruptcy of GM than in the profit motive privately funded Bain Capital acquisitions.

In 2004 Obama said the “monstrous” deficits were “an enormous problem” when the deficit was $413 billion. In 2008 he said increasing the debt would burden our children and was unpatriotic. Every year of his term deficits have been over a TRILLION dollars. By the end of his first term he will have increased the debt more than all other presidents combined. Can we afford four more years of two faced, self serving fiscal insanity?

[T]here is a hidden economic depression running along the underbelly of the country. … The government may say this is not the 1930′s where bread lines formed outside the corner soup kitchen, however, for many American’s the only difference is that they are found at the mailbox and online instead. – Streettalklive