The Journal Times Online - Racine, Wisconsin

Posted by: Huck Finn on June 25, 2009 9:56AM CST Of course we are broke. We charge no tarifs on cheap goods and manufacturers that left our country. We give Welfare out like no tomorrow, and when I say Welfare, I hold corporate welfare even more contemptuously than the poor. We consumed and never saved while never holding our politicians to a balanced budget for fifty years. We demanded services and allowed pork with no compromise other than give me some pork too. Nope, I am not surprised. Soon very soon we are going to see double digit inflation. While I'm sure the short sighted will lay all the blame on Obama, that is only mpar for the course. You may want to invest in some gold if you can afford any.

Posted by: DobberDeeDee on June 25, 2009 10:33AM CST Hey Huck - I saved and saved and was responsible and never spent above my income...I never took anything extra from the government (like welfare or unemployment, etc). I never demanded pork...I hate pork....I never demanded services.......and I always SCREAMED for a balanced budget both for myself and the government. Now, due to my own prudence, I am going to pay exorbitant taxes, be denied Social Security (which I paid into) and the money I worked so hard to make and save will be worthless because of inflation. Thanks, Barack. Love all your hope and change.

Posted by: Huck Finn on June 25, 2009 11:42AM CST Like i said DDD, the short sighted will lay all blame on Obama. I didn't save and save, but I did live frugally, didn't take out home equity loans, did my own car repairs and oil changes, didn't buy new car every few years, and now live day to day because med bills have bed me dry. I am alive though, so I guess that was a fair trade off. Don't know what to tell you about the SS problems, except there used to be a surplus until past presidents allowed said surplus to be squandered. Fifty years DDD lays the blame across all party lines. As Bob V. says, "Own it."

Posted by: rob_92183 on June 25, 2009 12:25PM CST Huck-you're exactly right. All the warning signs are right in front of us, even right down to those stupid cash 4 gold commercials. These people aren't stupid, they know gold is the only currency always worth value and cash is relatively worthless right about now. As far as I can tell, this administration seems to already know that the country is heading towards broke (and probably the last administration also) and are just pilfering as much money as they can before the whole economic system collapses on itself. I mean, the Senate just financed $108 billion with the IMF as part of a war funding bill that sent $660 million to Gaza, $555 million to Israel, $310 million to Egypt, $300 million to Jordan and $420 million to Mexico; and some $889 million will be sent to the United Nations. And the IMF bill was put in with another 90 billion for the war in Afghanistan. It's to the point where I believe these things are happening because they're happening every single day, but there's absolutely no outrage or worry from anyone. Hope makes people delusional, but this is going to come to a head sooner or later and it's going to be VERY ugly.

Posted by: StormyKnight on June 25, 2009 12:59PM CST You're right rob. My biggest fear is that it will end like Iran is right now with rioting in the streets. I sometimes wonder if it wouldn't be possible for China to come strolling over, hold up the bonds they've bought and say "We own you". Just like the gov't did to some banks and GM. They could take over without firing a shot given the attitudes of the general public. They'd probably just shrug and say, "OK". Most of the politicains would probably go along with it as long as they got to keep their jobs....and they would be for life at that point. I know it's not probable but it sure could be possible. The few descenters would be crushed in no time.

Posted by: rob_92183 on June 25, 2009 1:31PM CST There was a news story a few months back about a Clinton trip to China was a cover to give Chinese eminent domain rights as collateral for nonpayment, if it should come to that. The report turned out to be false, but part of the agreement issued with these bonds is that if we default, the Chinese have the right to drill for oil in American waters.

Posted by: algernon on June 25, 2009 4:48PM CST But WE can't drill.

Posted by: laptopbattery on July 18, 2009 3:31AM CST cheap laptop batteryacer TravelMate 521TE laptop batteriesacer TravelMate 521TE laptop batteries acer Extensa 2500 Series laptop batteriesacer TravelMate 521TE laptop batteries acer TravelMate C300 Series laptop batteriesacer TravelMate C300 Series laptop batteries acer Extensa 2000 Series laptop batteriesacer Extensa 2000 Series laptop batteries acer Ferrari 3400 laptop batteriesacer Ferrari 3400 laptop batteries acer Ferrari 3200 laptop batteriesacer Ferrari 3200 laptop batteries acer BTP 58A1 laptop batteriesacer BTP 58A1 laptop batteries acer BT.T3007.003 laptop batteryacer BT.T3007.003 laptop battery acer BTP B2J1 laptop batteryacer BTP B2J1 laptop battery acer 91.49S28.001 laptop batteryacer 91.49S28.001 laptop battery