JAP69's Blog

Been watching and listening to the house and senate the last two days to get this right out of the horses mouth.

The debate has been very informative on what is going on. Beats reading and watching it come from the news media

I am not an economist but to pay the current monthly obligations or any monthly obligation when credit is available I can see one option.

With debt due in full plus interest and the monthly revenue the gov't takes in they need to cut expenses to cover the interest. Pay the full obligation plus interest with expense cutting to cover interest. Immediately sell new debt bonds or notes to cover the principle paid prior.

With the Gov't bailing out these financial institutions they could help in this matter.

Pay off, sell new bonds or notes, Debt limit not increased.

It will need to be a timely maneuver on the paying and reborrowing. Better make sure they have buyers for new bonds or notes.

Now they will need to get their budget in order on cutting here and there to operate with only revenue taken in and to pay down the principle.

They are not going to like cutting here and there. When in debt you work your way out of it.

I seen a headline this am where bondholders are going to be priority. Pay the bonds and reborrow.

Do you think they have reason to be afraid of the tea party. 

 Check the dates on these quotes. This is something that has been known for a long time.Something not recently uncovered.

 

This guy was going to start operations and said the hell with it.

 

http://www.rushlimbaugh.com/home/daily/site_072611/content/01125113.guest.html

I was wondering which way the callers were going to go when I heard his speech last night. If what I quoted in this article is correct I found out.

Looks like the rallying call by pres O got something done.
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"the overwhelming number of calls are actually urging members to oppose President Obama's approach to increasing the debt ceiling and calling on Congress to cut spending and not raise taxes.

Read more: http://politics.blogs.foxnews.com/2011/07/26/capitol-hill-switchboards-overloaded#ixzz1TEaAhyUb

Pres O is waiting for the members of both parties in congress to agree on a plan for the debt crisis. Both houses will pass the plan. Pres O will veto the plan. With both house in agreement they will vote to override the veto.
Pres O will end up having no responsibility of cuts and what not. Will spin it for his reelection.
Any wagers

 Time to step up and do something.

http://www.washingtonpost.com/blogs/right-turn/post/white-house-stokes-debt-ceiling-crisis/2011/03/29/gIQAvx8DYI_blog.html

http://www.washingtontimes.com/news/2011/jul/24/curl-is-obama-a-pathological-liar/

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Lets not forget Pres O's current political rally speeches.

Cutting off his money supply to move his agenda forward is what I think he is ****** about.

Are news stories and movies coincidental.

 

http://www.dailymail.co.uk/news/article-2017818/Embryos-involving-genes-animals-mixed-humans-produced-secretively-past-years.html

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I mentioned in a post June 20th about blowing whistles.

I am not saying this guy was murdered BUUUTTTTTTTT. Seems like bad things happen to those who blow whistles.

http://www.guardian.co.uk/media/2011/jul/18/news-of-the-world-sean-hoare

He should give O a call on the phone and give some tuteledge on how it's done.

I almost fell out of my chair reading this one. I could not believe it coming from this guy. This is not like a dem to do such a thing.

Hey maybe he has plans to be a backup candidate on the 2012 presidental ticket.

http://www.suntimes.com/6525711-417/emanuel-sends-layoff-notices-to-city-workers-in-union-showdown.html

Can not run a country on debt, thats for sure. Where are these grand plans getting us. Things have only become worse in 2 years.

Looks like a 2 year old article.

http://www.investorsinsight.com/blogs/forecasts_trends/archive/2009/06/16/obama-on-course-to-double-national-debt.aspx

budget projection for 2011 made in 2009 in above article.
2011  deficit $970  billion
 
looks like the actual deficit for 2011 may be 1.65 trillion or there about

http://online.wsj.com/article/SB10001424052748703361904576143253522341850.html

On Aug. 4, $90,785,744,400 in U.S. Treasury bills will come due

http://www.denverpost.com/nationworld/ci_18474054?source=pkg

http://www.nevadaappeal.com/ARTICLE/20110702/NEWS/110709953/1058/RSS

Looks to me like S S is funded for a few years ahead yet. From what I read in this article social security payments are funded by taxation into the fund not from borrowing.

scare tactics as usual.

Some reading for ya on deficits and social security.

http://socialdemocracy21stcentury.blogspot.com/2010/08/us-government-debt-and-social-security.html

Looks like he tells it like it is. Well I enjoy has analysis wether in print or on t v.
He has the background to figure someone out.

http://www.realclearpolitics.com/video/2011/07/12/krauthammer_obamas_sudden_interest_in_cutting_debt_a_farce.html

His bio is impressive anyhow.
http://en.wikipedia.org/wiki/Charles_Krauthammer

I think they painted themselves into a corner.

 

Just seen this in a comment about the debt ceiling and taxes.

 "We all have skin in the game now - it's called the USA!"