President Obama’s Conflicting Debt Positions

The Quote of the Decade:  “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America ‘s debt weakens us domestically and internationally. Leadership means that, ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” ~ Senator Barack H. Obama, March 2006 As President Obama, he has:

TWO PATHS TO PROSPERITY

There are two paths to prosperity:

PATH 1.:  Steal it from others — through wars, taxation and robbery

PATH 2.:  Create value to build wealth — create what people need and want

Government deficit spending is stealing from today’s youth and robbing from future citizens.

> Liberals have chosen PATH 1.

> Fiscal conservatives have chosen PATH 2.

WHAT PATH WILL YOU CHOOSE?

Who’s Really To Blame For Our Financial Crisis?

The answer is BOTH parties. The democrats, particularly Clinton’s Administration, caused the most harm. Here is the history:

1977:  Under Carter the Administration the Community Reinvestment Act (CRA) was enacted that encouraged banks to provide home mortgages in their low-income neighborhoods where low-income customers had deposits — a good and noble goal.

1995:  The Clinton Administration rewrote the CRA rules to REQUIRE loans be made to low credit quality borrowers and these new rules became effective in January 31, 1995. This was the start of subprime mortgages — where borrowers did not meet the historic standards of the homeowner of the past.

Pre-September 2012 Blog Articles By Dr. L. Lynn Cleland

Inverse Chronological Order 

Quantitative Easing Affects All Of Us

Federal Reserve’s “Quantitate Easing (QE)” is simply money printing. Money is typically printed to accommodate an expanding economy. When money printing greatly exceeds economic growth, every dollar printed slashes (lowers) the value of existing dollars. Excessive printing is now being done to TEMPORARILY prop up our government and the stock market.

Fed’s QE’s Slashes Dollar’s Value

Read Older Blog Entries

Connect with S.O.S.

Get Updates via Email

Enter your email address to receive updates whenever new content is added.

Categories

May 2018
S M T W T F S
« Oct    
 12345
6789101112
13141516171819
20212223242526
2728293031