DEJA VU ALL OVER AGAIN?

The Hermit took a day off.  Here's a redo of a posting Friday, November 27, 2009

HUGE NATIONAL ECONOMIC CRISIS COMING

A November 23rd front page NEW YORK TIMES report “warns that U.S. debt is rising so fast that the federal government is careening toward a ‘payment shock’ in the not-too-distant future.” http://moneynews.newsmax.com/headlines/nyt_us_debt_shock/2009/11/23/289782.html?s=al&promo_code=91C9-1 The yearly interest alone on our national debt will be over $700 billion, up from the current $202 billion. Additionally, FDIC funds used to insure failed banks is $8.2 billion in the red and the number of banks in serious trouble has increased from 416 to 552.
COMMENTS:
We cannot continue to ignore the warnings: This country is in deep, deep trouble. It is entirely possible, and growing more probable every day, that we will enter a depression next year that could surpass the “Great Depression.” If retailers start to file bankruptcies and close stores, commercial foreclosures will sap what little bank capital there is left. This sure as hell is NOT the time to be adding fuel to the fire with more massive spending. And, given the fact that this country could be brought to its knees, any member of Congress who votes for the new health care bill should be charged with treason.

TODAY’S QUERIES & ANSWERS:
Q. I heard there’s a member of Congress who is suggesting tax increases to pay for additional troops in Afghanistan and that Obama is planning on spending another eight or nine years there. I don’t understand. (Amie – Park City, UT)
A. This is an overt attempt to make Americans want to get out of Afghanistan so that more terrorists can be trained there.

Q. Where do they raise all of the turkeys? (Brette – Hanford, CA)
A. Washington, DC.

Q. Even though we could use the help, I don’t understand how they can add a $300 million payment to help Katrina victims to a health care bill. (Xavier – Morgan City, LA)
A. They can do anything they want. Shut up and get out of the way.

TODAY’S QUOTE:
“The object of war is not to die for your country but to make the other bastard die for his.” ~ Gen. George S. Patton

TODAY’S VIDEO:
http://www.youtube.com/watch?v=p-bY92mcOdk