The Debt Deal sux azz. Here’s why.

Speaker John Boehner posted a summary of the debt deal online last night last night after it was announced that a deal had been reached.

via The Boehner Plan – Summary Slides 1-7 | The Gateway Pundit.

Go check out the slides Jim Hoft posted.  Then come back….

That last slide is what does this for me. Did you see the bullet point about how if the Joint commitee can’t come to an agreement then the cuts will be made across the board, with HALF the cuts coming from DEFENSE??

So… We have an aging fleet, that is technologically outdated and needs to be replaced. We ran out of missiles in Libya (WTF!!!) and now…. if 12 dudes who haven’t managed to agree on anything yet don’t agree on 1.2 TRILLION dollars in Cuts, Defense will get 500+ BILLION taken from their budget — that is not allowed to come from Military Pay. WTF!!!

Of course, no one is talking about how just 603 American soldiers died in Afganistan under 8 years of Bush, but Obama’s Afgan death toll is over 1000. No one is talking about how dangerous Iraq has become since the draw-down. No one is talking about how much money is being spent to defend Muslim Brotherhood affiliated rebels who are now killing each other off in Libya.

But Oh… if those 12 Congress folks can’t agree… will take have the cuts out of Defense.

Plus, a commenter at Gateway Pundit pointed out that the Joint Committee would, under the framework they’ve been given, have the power to allow the Bush Tax Cuts to expire, without calling the ensuing increase a “tax hike”.  Seriously? Boehner expects us to believe this is a good deal?  Seriously?

In the words of Whitney Houston — “Oh HALE TO THE NO!!!”

I do not want this to pass. At all.

GW Reduced Deficit by 60% in 3 years. Obama Tripled It in 2.

President Obama had a hissy fit last night in full view of the American public and the world. He’s upset because Boehner and the Republicans are not caving to his demand that they raise taxes on the American People. Last night he started his address by blaming Bush, and wrongfully claiming the “surplus” of 2000 was squandered. Jim Hoft of Gateway Pundit has an excellent piece refuting the President’s assessment:
 

 

No matter how many times he bashes Bush for his tax cuts it still won’t change reality.

During the Bush years, despite the 2000 Recession, the 9-11 attacks, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop.

In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth. Bush did this with tax cuts.

Obama wants you to believe that the recession forced him to triple the national deficit in a year.

Go read the whole piece. It is so worth the read.

BigO’s gonna take his toys and go home.

It’s bad enough that the President stormed out of a meeting last week because he wasn’t getting his way.  Now, Mr. “Leave your ultimatums at the door” Obama, is throwing a hissy fit because the GOP won’t give him the taxes hikes he wants.  It’s like he’s saying, “I’m going to VETO this bill that cuts spending if it doesn’t include BIG TAX HIKES… you evil GOP. Don’t you realize I need YOU to hike taxes so I can blame it on YOU, the GOP, so I can get reelected.

“Everybody’s going to have to give. Everybody’s going to have to have some skin in the game.” – President Obama, January 2009

In addition to threatening to veto the Cut, Cap and Balance bill H.R. 2560, the White House is threatening to veto H.R. 2434, the 2012 Financial Services and General Government Appropriations Act. Among other things, the White House is arguing against a proposed $65 million budget cut to the Executive Office.

via Michelle Malkin » Shared Sacrifice: White House Threatens Another Veto, This Time of Bill Containing Budget Cuts to Executive Office.

The writing is on the wall people.

I have said, to anyone who would listen to me, that the government is currently printing money like it’s nothing to pay for all this crap the congress & Obama are pushing on us.  Printing money will lead to the devaluation of the dollar.  In plain English, that dollar bill in your hand will only be worth about $.75, maybe less, of it’s current value.

The world has taken notice.  On March 25th, the UN will recommend that any country with US dollars in it’s reserve bank “ditch the dollar as its reserve currency in favor of a shared basket of currencies.”

Persaud, chairman of consultants Intelligence Capital and a former currency chief at JPMorgan, said the recommendation would be one of a number delivered to the United Nations on March 25 by the U.N. Commission of Experts on International Financial Reform.

“It is a good moment to move to a shared reserve currency,” he said.

via U.N. panel says world should ditch dollar | U.S. | Reuters.

The combination of America’s recent race to increase our National Deficit tenfold, with the hot printing presses in the Treasury is enough to make the world nervous about the strength of our dollar.  The UN will urge countries to switch to the Euro or even a combination of currencies.  They say this, because they see it coming, and they don’t want the world to take a huge hit when the dollar is devauled.  And it will be, once the glut of money from the Treasury hits the streets.  I’ve been saying 6 months.  Heck, with this news coming out of the UN, it may not even take that long.