Future Generation Bankruptcy Plan Nears Passage
by Big Dog on Feb 12, 2009 at 04:55 Opinion
Barack Obama’s Future Generation Bankruptcy Plan is closer to passage as the Senate and House agreed on a final bill. After some fireworks over who gets to spend more on what, the Democrats agreed to a bill and hope to have it on Obama’s desk by President’s Day. Reports are that no Republicans were involved in the negotiations. This bill belongs entirely to Obama and his Democrats so when it fails the blame belongs entirely to them.
Early word is that the concessions made to get three Republicans in the Senate to support it have been negated as those items previously removed were put back in. The three traitors, Snowe, Specter, and Collins, will see their work undone so they sold their souls for nothing. All of them need to be removed from the GOP and we need to ensure they are defeated in the next election.
As for the plan, it will spend a TRILLION dollars on a plethora of Democratic pet projects but create very few jobs. The economy will not be stimulated and we will pass on TRILLIONS of dollars in debt to people who have not been born yet. We have The Greatest Generation, Generation X, the Baby Boomers and now we will have Generation Broke.
The plan is carefully crafted to show results during next year when these people are pandering for votes but it is unlikely that the results will be very positive. Inflation will rise and the dollar will be worthless. Soon we will need a wheelbarrow of cash to buy a loaf of bread.
This is nothing more than Carter II and Obama will soon have unemployment and inflation that rivals that failed president. The coming misery index will make Carter look like a day at the beach.
It would appear as if America is about to hit rock bottom but that is what we need before we can dispense with these cockeyed schemes that have failed every time they have been tried. We need to have this kind of outcome so that we can, once and for all, put an end to government intervention.
Of course, there could be quite a bit of civil unrest before all is said and done. People in Kentucky are pouring bourbon on the steps of the Capitol to protest a tax increase on the booze. It is not the Boston Tea Party but it has the same purpose.
I wonder how long it will be before we are spilling blood?
If it gets real bad we can always declare open season on liberals. That would be a great stress reliever and loads of fun. Let’s start with Olberdouche just because it would be so satisfying.
Folks, it is going to get bad. When it does just remember that Obama and the Democrats brought you the misery. They will try to blame it on George Bush but this belongs entirely to them.
Write it all down and put it away for when your great great grandchildren are born. They will be Generation Broke and Generation More Broke and they will want to know what we were thinking. The should at least know that not all of us were insane.
They need to know about the failed presidency of Barack Obama because the history books will not discuss it.
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Tags: bankruptcy, lies, Obama, stimulus, taxes
One magic negro spoils the entire wood-pile. Thing is it isn’t just the nego. It is all the liberals. And who are they? Our brother. Our sister. Our wife, and close friends.
They think they are doing what is best for the people. It is stupid, yes. But we allow it to happen, in the interests of “not making a scene,” and keeping harmony in the family.
there comes a time when we need to spank the kids and beat the dog. And the dogs need beating now. It isn’t funny anymore.
Hey Big Dog whats happening?
Do you know why did the bias media get rid of the video report on the 64yr old Black man that had a special rifle delivery for the Messiah. I was able to find that video only on youtube. I bet if the man was white It would have been another story blasted on the news.
It’s hard to take you serious when you call Obama’s presidency a failure and we’re not even 1 month into it. At least give it a little while so you appear to know what you’re saying…
So how are you coming up with this “TRILLION” term for how much we are spending on the stimulus? The spending package once ballooned over that amount but since then has slowly gone down to the latest number being like $789 billion. Rounding up is fine sometimes but you’re rounding over $200 billion and that’s a lot of cash…
Adam,
There were several news items asking if it had failed. However, he said that we could not go to the failed policies of the past and he is doing the same things so by his own standard he is a failed person.
As for a TRILLION. That is easy. If you buy a car and it cost $20,000 and you financed it for 5 years and the interest was $4000. Then you paid $24,000 for your car.
The interest on the plan will be about 300 million which means it will cost us more than a TRILLION dollars. There is a cost to borrowing money. So yes, 200 billion is a lot of cash and that is two thirds of what we will pay in interest.
“It isn’t just the nego”…
It’s one thing to make predictions based on facts and data at hand. It’s another to blather from a pulpit of incoherence and ignorance, like “Big Dog” does, each and every time out. He’s like a profane Magic 8-Ball for high-school dropouts with a …
Here is a chimp who thinks meathead is a credible source. Dr Joan accused me of writing without facts by writing about me without facts. Joan thinks that what Meathead says is credible so she can use his words as fact.
Meathead takes things out of context and tells blatant lies. But Joan uses that as gospel.
If you don’t like what I write then don’t visit. As for my attacks on Obama so early in his term, you pukes attacked Bush before he took office.
Morons all…
“Folks, it is going to get bad. When it does just remember that Obama and the Democrats brought you the misery. They will try to blame it on George Bush but this belongs entirely to them.”
This recession officially started in December of 2007. Was Carter in the wight house then, or was it Clinton?
Bigdog, you seem to have gotten the same playbook that Hannity and Linbaugh are talking from. There seems to a loud cry about the “trillion” dollar debt that the “liberals” are putting on our future generation. I can’t take with any seriousness any talk from a concervative about the debt of 1 trillion dollars when the Bush administration took our national debt from 5 trillion to 10 trillion when the republicans had the presidency, the house, the senate and the judicial branch of our governments all at the same time and not one concertative complained about the national debt. Now you are also blaming the crumbling economy on policies that were put into place during the Clinton era. Again, if they were so bad why didn’t the republicans fix them when they were in control undisputed for 6 years. You are also taking credit for the booming economy during the Bush era when it was fueled by the inflated housing market and now when the housing market crumbles you want to blame Clinton. Your hipocracy is staggering.
Anyways the Liberals have the media as a weapon to spread bullshit lies!, the media was a concept for general info for the people, now is tool to go against our moral conservatives rights.
So we conservatives still have our second amendment, So lock and load!
Because shit is about to hit the fan, It’s just a matter of time Now!
Obama pretty much ridiculed Bush during his inaugural address and now he is getting it back. What you sow, you reap. The Dems think Bush went down as a very bad President. Obama will go down as the worst in history.
Hey big Dog,
Come on over to Thinking Meat’s place (or my place) to debate this.
I fail to see how endless tax cuts, as the republican’ts proposed, would not increase the deficit just as much and, just like your Republican dork friends, you completely fail to tell us.
Interesting attempt to foist all responsibility for all US debt onto the new Administration, too. It’s almost as though the last 8 years (6 of which were under COMPLETE Republican control) in which the national debt nearly doubled never happened.
Don’t cut-and-run! come on over and show us what you’re made of.
Your homicidal tendencies are eerily similar to the Tennessee church gunman whose suicide note also asserted the need to eliminate liberals. You sound like Pol Pot.
I have no desire to visit meathead’s place. I don’t like him and he is worthless. I don’t like you and your baiting will not work. Your cut and run cracks don’t make it. You can try but it won’t work.
Stay over there and play mental masturbation with meaty.
Tax cuts increase revenue to the treasury. The Bush tax cuts increased revenue. Congress spent it. Deficits do not go up when more money comes in they go up when too much goes out. It is called deficit SPENDING.
I did not mention homicide. Only said we should declare open season on liberals. Never said what that meant or how we could go about it. Could be verbal attacks, could be written or it could be in the next election.
I wrote it that way because I knew that maggot meathead would say that I was calling for killing people. It is proof for you and Dr. Jane that meathead is not credible. He certainly wrote a post saying I was calling for killing people. I never said that but he did. He is a liar. Now you lack credibility because you said the same thing.
I knew the way meathead was paying attention to me and writing untruths that he would take this bait hook, line and sinker. Meathead is a liar.
Bi9 from Dover,
There have been recessions throughout history, around 11 or so in the last 100 years and we have ridden them out. Bush inherited a recession and had 9/11 on top of it but we made it through. Reagan inherited a bad economy and fixed it up. There have been plenty and the only times they got really bad was when government got involved.
mmurphey,
The debt was 5.7 Trillion when Republicans were in control and 8.6 Trillion when the Democrats took over, an increase of 3.1 trillion in 6 years. This discounts the fact that Bush’s first budget was 10/01 and that Dems were in charge his first year in office.
When Obama took office it was 10.6 trillion so it went up 2 trillion under Democratic control. It went up a half a trillion a year under Republicans and 1 trillion a year under the Democrats. So don’t get all Obama on me with the spending lies.
As far as it goes, I have written a number of times about the spending the Republicans did. I was not in favor of it. Bush was a Republican but not overly conservative. Otherwise he would not have favored amnesty or spending like a drunken sailor.
The congress was slightly Democratic in Bush’s last two years but with the presidental veto congress didn’t have the power to pass any legislation that Bush and his administration didn’t want passed. And don’t claim that the Republicans want less government. The government grew during Bush’s terms more than it ever has before. Both administrations have made mistakes but when you claim that every thing that ever happened bad was because of Democrats and every thing that ever happened good was because of Republican no one, but the simpleminded brainwashed, can believe anything you say.
Moron meathead says that I asked how long it will be before we are spilling blood as proof that I am homicidal or want to hurt people. As I pointed out in my previous comment, meathead takes things out of context so if one were to read just that line they might agree with his point of view. However, this is the context:
“Of course, there could be quite a bit of civil unrest before all is said and done. People in Kentucky are pouring bourbon on the steps of the Capitol to protest a tax increase on the booze. It is not the Boston Tea Party but it has the same purpose.
I wonder how long it will be before we are spilling blood?”
I have long stated that we were on our way to another revolution or civil war. Many Americans believe this as does some Russian who believes the country will be divided up.
In any event, meathead got sucked into making false assumptions and using things out of context. I knew he would.
Moron.
Interesting blog. But you left out Generation Jones, which is quite relevant to this discussion.
As many nationally influential voices have repeatedly noted, Obama is part of Generation Jones, born 1954-1965, between the Boomers and Generation X. Google Generation Jones, and you’ll see it’s gotten a lot of media attention, and many top commentators from many top publications and networks (Washington Post, Time magazine, NBC, Newsweek, ABC, etc.) specifically use this term to describe Obama.
Great op-ed on Obama as the first Generation Jones President in USA TODAY a couple of weeks ago:
http://www.usatoday.com/printedition/news/20090127/column27_st.art.htm