US Action News

Only the rich will pay for all the goodies I give you promises Obama. Yet everyone pays in rapidly rising costs for food, energy, building materials, healthcare and all goods and services. When the answer to insurmountable debt is creating money out of thin air the existing money becomes worth less and less and consequently buys less and less.

It is important to look ahead and try to get a handle on what is coming, because I believe that the rest of this decade is going to be extraordinarily chaotic for the U.S. economy.

Few seem to worry about future generations, except in empty posturing rhetoric. Lost in egotistical self-indulgence, our collective elected officials continue to make decisions predicated on the Me Generation.

Obama will go down as the biggest spending president in history and he will happily leave America bankrupt in furtherance of his Marxist redistributionist ideology.

Somehow, right before the election, budget cuts of 10-1 over tax hikes were not acceptable to Republicans. Now, they have settled for a package that essentially makes no budget cuts at all. – Mike ‘Mish’ Shedlock

GOP now means Gutless Orwellian Pretenders. Over $16 TRILLION in debt increasing by $5 BILLION a day and and our looney leaders continue to steal from our children and grandchildren and allow EVERYONE to be taxed by rising prices caused by our devalued money.

This was entirely a political crisis — not an economic or even fiscal one. – IBD

A lot of Americans are oblivious to the fact that the President is operating from an ideology that is the opposite of everything that built the greatest economy the world has ever seen. His views are those of a Socialist or to put it more bluntly, a Communist.

“There is a clear pattern of increased defaults for loans made by these banks in quarters around the (CRA) exam. Moreover, the effects are larger for loans made within CRA tracts,” or predominantly low-income and minority areas. – IBD

It is about time the CFTC get its act together, and start going after the culprits who rig the oil and gasoline markets costing consumers and businesses a mafia tax …