Saturday, August 06, 2011

Is Black Monday on the Horizon?

Hat tip to Anthony Martin, for his article, “Ahead--BlackMonday, 2011?" In the Conservative Examiner.

Barack Obama, John Boehner, Harry Reid, Mitch McConnell, and Nancy Pelosi you own the debt downgrade debacle. Now you must wear it. Now you must fix it without more taxes ... You are all Beltway Addicts addicted to SPENDING. You need a major intervention. One such intervention will be the elections in May and November 2012. You are warned ...

Furthermore, this Deficit and Debt is not a Lack-of-Tax problem it is an OVER-SPENDING problem. You spend money you do not have. You are spending on things that we do not need. You continue to borrow beyond our means.

Budget 101:

If we have 2.4 T in Income

if we spend 3.8 T

Then we have a Deficit or Shortfall of 1.4 T

What about this picture do you Mr. President, John Boehner, Harry Reid and the rest of Congress not understand? Simply, our expenditures should be limited by our income. Respectfully, I ask are you all smarter than a fifth grader? I sure doesn't seem like you are based on your actions ...

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