boondoggle (3)

 

 
Sally Mae ‘Next Economic Flashpoint
Aiming toward Disaster,’ Warns Moody’s
 
 
            How dare these credit-rating agencies continue giving Barack Obama all this heat? Last week Standard & Poors lowered the Federal Government’s rating on bonds and U.S. paper from Aaa+ to an unheard of low Aa+ and also downgraded the government-owned mortgage giants Fanny Mae or Freddy Mac in the same fashion. And now the credit-raters at Moody’s are telling BO that the national student loan program (which Barack took away from the free markets and gave over entirely to the government roughly thirteen months ago) a.k.a. “Sally Mae” has within it the makings of the economic surprise-disaster of the year. 
            It works like this: just as the government decided 34 years ago that everybody must own their own home (by FORCING mortgage loan companies to make poor loans to unqualified buyers with the Community Reinvestment Act of 1977 a.k.a. CRA ‘77) and took the percentage of “suspect home loans” in the nation from 0.24% in 1975 to 34.2% by 2005 . . . the Obama administration has likewise decided to extend the idea of college loans to virtually every young person in the country. And just as the sub-prime lending crisis that sunk our economy from 2005 to 2008 was predictable from the very day President Jimmy Carter signed CRA ’77 into law . . . this Obama-formatted Sally Mae boondoggle, too, has a very predictable ending akin to a banana peel being dropped under your moving feet.  
The obvious result of Sally Mae’s creation will be seen when all these new college grads will have ZERO jobs awaiting them when they leave school . . . with no jobs, they’ll have no noteworthy income other than food stamps (which Obama has recently authorized for college students as you probably know) . . . with only food stamps as “income” these students will not be able to repay their student loans e-v-e-r . . . and the effect of all those student loan defaults will, Moody’s appraisal of the situation warns, very likely mean that the present S&P Aa+ rating will degenerate into a much, much lowered rating by S&P, Moody’s, Fitch’s and other credit-rating agencies. The size of the now expanded student loan program will ensure that America’s debt to GDP ratio rises from its present 110% (following recent authorization to expand the debt-ceiling to $17 TRillion) to a Greece-like 128%. 
Meanwhile Europe is burning courtesy of the riots in England; and the economic collapses of Spain, Portugal, Italy, Greece, Ireland, Hungary; and now perhaps Belgium and France as well . . . all the while the U.S. economy seems to be more and more rivaling these pathetically-poor (p-poor?) European role models. Just as an old folk song asked us Where Have All the Flowers Gone? and then led listeners upon a tragic house-that-Jack-built type story that wound up with all the military graveyards bursting into bloom . . . the Sally Mae program is a program created by blooming idiots holding the seeds of future economic disaster.
In response to the revelations by Moody, the Obama spin doctors and the Obama puppet master George Soros via his CREW people have been going wild trying to cover the President’s golf-playing tush. CREW, of course, is the much-quoted supposedly neutral (Citizens for Responsibility and Ethics in Washington) research group. Funded by Soros, (figures NOT included within the main $48 million in media funding that Soros has sponsored this year) CREW has never run a positive story on Sarah Palin and never run a negative story on Barack Obama and runs highly negative stories on Conservative issues eight times for every single mildly negative story on liberal matters . . . according to CREW, of course, the newly Obama-formatted Sally Mae is the greatest thing to happen to young people since condoms. Condoms with holes in them . . . more likely . . . .
As another gross and needless debacle looms, friends, can’t you just see young Barack holding the axe in his hand above the fallen economic oak known as the free market, “No, Father, not me -- the Tea Party, did it!”
 
Ya’all live long, strong and ornery,
Rajjpuut
 
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“The highly probable upcoming caving-in by the House Republicans and their even less forthright Senate Republican companions smacks of a huge betrayal (by the ‘party of small government’) of the American people. Despite the Obama budget’s 0-97 defeat in the Democrat-controlled Senate all his posturing today on the debt ceiling is taken up by the liberal media as Gospel Truth and as serious efforts at dealing with the nation’s problems . . . they are neither. Yes, Republicans, you need to call his bluff! His own party has already shown by that 0-97 vote that they have taken his measure and realize his presidency is a 100% joke.”

 
 "Has John Boehner got the testicles to go with the tears?"
 
 
 
 
Government by Socialist-Elite in the Offing?
 
 
          Imagine that the Great Government Boondoggle-goddd in the Sky** suddenly dropped $13.5 TRillion in Gold bullion onto the Whitehouse lawn. Applied to the National Debt, all but a measly $1 Trillion would be scrubbed clean. Rajjpuut ventures to say that this visitation by the goddds would be absolutely the worst thing that could ever happen to the United States of America. This, my friends, whether you recognize it or not, is the moment in which the United States decides upon its viability for the next century.  Unwanted interference by the goddds no matter how beneficent it might appear can only destroy this crucial moment when men must decide upon their values and how those values are reflected in our government. These are the crucial issues being decided NOW:
 
A.    Is the U.S. Constitution a worthy document?
B.    Is small government protecting the people’s freedoms relevant nowadays?
C.    Are America’s citizens going to be held accountable for their own survival and prosperity or will 98% of that role forever be the province of nanny-state government eliminating our freedom in exchange for burping us and cleaning our diapers?
D.   Are free markets worth protecting?
E.    Is socialism a better economic system than capitalism?
F.    Are the people we elected in 2010 to cut spending, create jobs and begin restoring our nation’s glory going to sell us out, this week?
G.   Has John Boehner got the testicles to go with the tears?
Economist Milton Friedman once summed up all government irresponsibility this way: “To spend is to tax.” The highly probable upcoming caving-in by the House Republicans and their even less forthright Senate Republican companions smacks of a huge betrayal (by the “party of small government”) of the American people. Despite the Obama budget’s 0-97 defeat in the Democrat-controlled Senate all his posturing today on the debt ceiling is taken up by the liberal media as Gospel Truth and as serious efforts at dealing with the nation’s problems . . . they are neither. Yes, Republicans, you need to call his bluff! His own party has already shown by that 0-97 vote that they have taken his measure and realize his presidency is a 100% joke.
The President and his Democrats have let it be known that social security checks and checks for our troops might not be sent out if the present debt-ceiling is not raised and that a default is in the offing. The Republican Party leaders in the House and the Senate need to stand tough and get this message out: If the country defaults upon its debts, it is because Barack Obama chooses to default. If Social Security checks are not sent out, it is because Barack Obama chooses NOT to send them. If our military, engaged now in three separate wars, is not paid, it is because Barack Obama chooses NOT to pay them. And if the debt-ceiling is not raised and if foolish government spending is not cut significantly it is because Barack Obama chooses NOT to deal with these problems. 
Let’s force Barack Obama to decide what’s important and what’s not and let’s allow the American people to examine his priorities. He has not submitted one written proposal since his asinine budget was defeated 0-97 all he’s done is demagogue unfairly those who’ve submitted reasonable and serious proposals to eliminate our crises. If our credit rating is down-graded from AAA to AA which seems inevitable now, then it’s very likely that unless Obama chooses wisely following a failure to legislate an increase in the national debt . . . that the resulting chaos would further lower our credit rating and doom his presidency. Obama is all show and no go. All speeches and no statesmanship. He knows NOT how to govern. The only sure way to save this country is to call his bluff and force him to either accept a wise Republican bill or to be forced to govern – the one thing he fears the most.  Doug Powers recently blogged that despite the Pro-Obama hype from the media, the President is definitely not shrewd nor a statesman. “He’s somewhere between evil and incompetent . . . . Hopefully Social Security recipients are familiar with chess, because they’re now officially pawns in the president’s debt-ceiling game . . . . Let Obama demonstrate the choices he would make when forced to choose, I believe he will fall on his sword.” Well said, Doug!
 
Ya’ll live long, strong and ornery,
Rajjpuut
 
 
** Of course, in truth the Great Government Boondoggle goddd is far more like a Mafioso organization which charges us outrageous protection fees every day of our lives.   In addition the credit card purchases and loans and mortgages they take out in your name are money borrowed from us which WE will in good time be required to pay back to them. The 100 million taxpayers in this country (the top 1% of taxpayers earning a minimum of $400,000 pay more than the bottom 97% and, while it does no justice to call them “taxpayers,” 51% or roughly 102 million pay ZERO taxes) must average $145,000 in taxes to pay off the $14.5 TRillion national debt. Of course there’s also the UNfunded liabilities like welfare, Social Security, Medicare, and the federal side of Medicaid which must be considered which amounts to another $98 TRillion that the productive part of society must pay for: which comes to another 980,000 we taxpayers must ante up   . . . or $1,125,000 owed by each taxpayer. Since the bottom-rated tax payers makes only a bit more than $34,000 . . . the enormity of the situation is obvious. The government’s credit card must be cut up into little pieces then burned and then the ashes must be vaporized.  As Grover Norquist once said, "I don't want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub." 
 
 
 
 
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                                                             All You'll Ever Need to Know 

                                       About Big Government Interference:







     Pythagorean theorem:......................24 words.

 

     Lord's prayer:..................................66 words.

 

     Archimedes' Principle:.....................67 words.
 

     Ten Commandments:........................179 words.

 

     Gettysburg Address:.......................286 words.
 

     Declaration of Independence:..........1,300 words.

 

     US Constitution with all 27 Amendments:........7,818 words.

 

     US Government regulations on sale of cabbage:….......26,911 words.
 
     Obamacare . . . . . . . . . 2,773 PAGES
 
 
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