US Action News

Under the Ryan budget, spending still rises in every category (except ObamaCare, which Ryan would keep flat at zero). Outlays are still going up, but in Washington, Democrats call these “draconian cuts.”

Obama spending programs were, in essence, Democrat slush funds parceled out to the party’s faithful to ensure that teachers and other public service workers would be retained, that General Motors and Chrysler could avoid the normal bankruptcy procedures that would have restructured both companies—and likely reduce union power, and that favored contractors could receive funding for “shovel ready projects.”

The people whose parents and grandparents put men on the moon stand by as the present national leadership fails and refuses to come to grips with the present challenges. They stand by as their schools turn out new generations that cannot spell, don’t like to read, have little grasp of their nation’s history or values, and rank lower and lower among other nations as educated people.

Most Americans think we can keep entitlement programs as they are but there simply is not enough money in the world to pay for it all. The result is printing money to buy our own debt which is what is happening at the federal reserve right now. That will lead to hyperinflation and the loss of retirement and savings value.

Eric Cantor on GOP courage to tackle entitlement reform and Obama’s lack of it.

The real reason for Social Security is, and always was, to transfer wealth from those who have it to those whom government deems more politically fit to have it.

The decline in Argentina as a parallel to what is happening in our country.

This gross federal debt is comprised of the debt held by the public ($8.8 trillion) plus the debt held by intra-governmental accounts ($4.5 trillion), such as the money paid by taxpayers for Social Security and Medicare. Together, this gross federal debt represents over 90 percent of U.S. GDP.

With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning federal debt.