Monday, October 01, 2007

Please, Just Someone Tell Me It Will All Be OK...

Should I be worrying yet?

U.S. Senate agrees to raise U.S. credit limit
With the U.S. government fast approaching its current $8.965 trillion credit limit, the Senate on Thursday gave final congressional approval of an $850 billion increase in U.S. borrowing authority.

The Senate voted 53-42 to raise the debt ceiling to $9.815
trillion, the fifth increase in the U.S. credit limit since President George W.
Bush took office in January 2001.

Social Security is $13 trillion short
But... I thought Social Security was in tact for decades!

US Dollar Hits Record Low Against Euro
US Dollar Hits New Low Against Euro for 7th Straight
Session; Canadian Dollar Hits 31-Yr. High

Gold hits 28-year high
Gold jumped 1.6 percent to a 28-year high on Friday,
boosted by a record low dollar and firmer oil prices, while platinum reached a
10-month peak and looked to test an all-time high.

Bush Seeks New Image on Global Warming
Are you freaking kidding me? HELLOOOOO libertarians!

Plan Uses Taxes to Fight Climate Change
Dealing with global warming will be painful, says one of the most powerful Democrats in Congress. To back up his claim he is proposing a recipe many people won't like _ a 50-cent gasoline tax, a carbon tax and scaling back tax breaks for some home owners.



C'mon kids! Take one for the team!!!


Even at the state level (and Detroit isn't doing so hot either):

Mich. Government Partially Shut Downs
Michigan's state government partially shut down early Monday with no budget deal in place for the new fiscal year.

Granholm had told about 35,000 of the state's more than 53,000 workers not to report to work on Monday if a shutdown occurs. The remaining workers, mostly related to public health and safety, would stay on the job.

Legislators were scrambling to reach a budget deal that would plug a $1.75 billion deficit.


But really, I mean, how serious could this be?
Don't worry, be happy.
Rules 'hiding' trillions in debt
Liability $516,348 per U.S. household

Unfunded promises made for Medicare, Social Security and federal retirement programs account for 85% of taxpayer liabilities. State and local government retirement plans account for much of the rest.

This hidden debt is the amount taxpayers would have to pay immediately to cover government's financial obligations. Like a mortgage, it will cost more to repay the debt over time. Every U.S. household would have to pay about $31,000 a year to do so in 75 years.
And then you get this, after all that?

Clinton: Give every newborn $5,000
Democratic presidential candidate Hillary
Clinton
said Friday that every child born in the United States should get a
$5,000 "baby bond" from the government to help pay for future costs of college
or buying a home.

For those of you without a clue, that's 4 million babies a year, times 5,000 equals 2 billion a year.
No problem, right (see previous articles)? /sarcasm
Please show me where this magic money tree is...

But wait! There's more!!

Clinton unveils final piece of health plan

The proposal includes an individual mandate to buy insurance and limits on
health plans' profits

Voting for Hillary is ignorant at best, and treasonous at worst.

Keep your powder dry...