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On Sun, 31 Jul 2011 11:26:57 -0600, Canuck57
wrote: On 31/07/2011 7:34 AM, John H wrote: The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here." Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. Barack Hussein Obama on the Debt Limit, 16 March 2006 Obama no longer relies on foreigners to lend the government money. In fact foreigners have been steadily decreasing their direct US treasury holding in the last year or so. China is down from over $2T to 1.6. Bernanke QE electronically counterfeits it and in he ruse of solvency, buys the T-bills or pays off foreigners when their treasuries come up with the no-value inflationary money. A total criminal fraud really. Good find on the Obama hypocritical liar piece of **** he is. Man has no integrity or values. Certainly not true to his word as he has had 2 1/2 year to stop th insanity but has at every step only made it worse. Obama-Bernanke-Democrats, selling out and ruining the USA with DEBT. Obama, doing what Osama could not do. What Lincoln would say: == Shall we expect some transatlantic military giant, to step over the ocean, and crush us at a blow? Never! -- All the armies of Europe, Asia and Africa combined, with all the treasure of the earth (our own excepted) in their military chest; with a Bonaparte for a commander, could not by force, take a drink from the Ohio, or make a track on the Blue Ridge, in a trial of a Thousand years. At what point, then, is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide." by: Abraham Lincoln (1809-1865) 16th US President == And this debt is economic suicide. You are an irrational racist ****. |
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