borrowing 50 cent for every dollar

More Glen Beck?

Sheesh. Our country would be better off with the local lumberyard running the country. They know how to spend less than they take in, and most decent businessmen do.

Too simple for them (congress) to get it I suppose.

Speaking of, a long time 100 year lumber mill in Northern California made the news here. I guess the bank pulled their credit line(even though nothing owed and no late pays) causing them to go under.

I believe it was Chase, who has done the same to lots of long time businesses here, thus the connection.

Good idea!

The economy is in the tank, unemployment is at it's highest level in decades, credit is non-existent for businesses, home and business construction loans are practically non-existent and essentially shutting down the construction industry, additional layoffs are happening on a weekly basis, consumer spending is down which is hurting retail sales and manufacturing resulting in more cutbacks and pretty much every business has seen a 50% +/- loss in stock value if not profits as well.

So yeah, let's not put a fucking dime into the economy and just allow it to all collapse into itself.

I bet we might even be able to get unemployment back up in the the 30-40%, have rioting in the streets and fester chaos on a monumental level

Wouldn't that be fuckin' cool?

Here's a start.


Obama signs bill to cut wasteful defense spending
Julie Pace, Associated Press Writer – Fri May 22, 11:23 am ET

WASHINGTON – President Barack Obama granted the Pentagon new power to rein in wasteful defense spending Friday, a change he said was long overdue.

Standing with leading congressional players on the South Lawn of the White House, Obama signed the weapons acquisition overhaul bill, which passed unanimously in both the House and Senate this week. The president said the bill will crack down on defense programs with huge cost overruns and increase competition for contracts.

"Every penny we waste on this effort because of no-bid contracts or cost overruns is not only an affront to American taxpayers, it's an affront to our military," Obama said.

The president said he would do whatever it takes to ensure the safety of the American people, but rejected the notion "that we need to waste billions of dollars to keep this nation secure."

Obama cited one government study which found that roughly $295 billion of taxpayers' money was wasted last year on cost overruns involving 95 defense programs.

"At a time when we're fighting two wars and facing a serious deficit, this is inexcusable and unconscionable," he said.

How do you borrow a rap singer?