Friday, December 9, 2011

Barker's Newsbites: Friday, December 9, 2011


While I deeply respect and admire Mr. Keith, allow me to suggest a small, teensie-weensie change...

Hand Blown Pint Glass...

Just a few tweeks of the lyrics here and there...
Posted by at

2 comments:

William R. Barker said...

* TWO-PARTER... (Part 1 of 2)

http://online.wsj.com/article/SB10001424052970203413304577084732835869136.html?mod=WSJ_Opinion_LEADTop

American taxpayers sent $40 billion to Greece last year through the International Monetary Fund...

* MONEY JUST PISSED AWAY.

Financial chaos has spread from Greece to Ireland, Portugal, Italy and Spain, and it now threatens the very future of the 17-member euro zone. Undeterred, President Obama last month told the press after breaking from a closed-door meeting with European leaders, "the United States stands ready to do our part to help them resolve this issue."

* OH, JEEZUS...

(*MIGRAINE HEADACHE*)

The very problems that have roiled Europe's economy are coming to a slow boil in the U.S. Just as European leaders must limit deficit spending, reform unfunded entitlement programs, and resolve the underlying systemic problems in their financial systems, so must the politicians in Washington. Yet the Obama administration is burning taxpayers at each end of the dollar by bailing out failed socialist policies abroad and, at the same time, forcing them into place here at home.

(*SAD NOD*)

Greece's economy reached its tipping point and was bailed out when government debt topped 137% of its gross domestic product. Despite all the measures that have been taken to aid it, Greece's debt-to-GDP-ratio is even higher now, at 160%. Ireland was bailed out at 74% of GDP and is now at 80%. Portugal was bailed out at 94% of GDP and is now expected to top 100%. The bailouts have arguably made the European debt crisis worse, not better.

* HELL... YOU SIMPLY CAN'T ARGUE AGAINST THE POINT JUST MADE! TAKING ON MORE DEBT LEAVES YOU WITH... er... MORE DEBT!

Total U.S. debt, including entitlement liabilities, reached 100% of GDP when Congress increased the debt ceiling in August.

* WHEN "BIPARTISAN AGREEMENT" WAS REACHED. (*SMIRK*)

Our $15 trillion debt now rivals the size of the entire U.S. economy.

* THANKS TO BIPARTISAN "COMPROMISE." (*GNASHING MY TEETH*)

* To be continued...

December 9, 2011 at 9:18 AM
William R. Barker said...

* CONCLUDING... (Part 2 of 2)

When he first took office, President Obama promised to cut the federal deficit in half by 2013. But instead he's increased it by more than $4 trillion.

[U]nder the President's direction, the U.S. government spent about $1 trillion on a Keynesian-style stimulus that failed to create the jobs promised, will spend trillions more creating a European-style health-care entitlement with ObamaCare, and has more Americans on welfare than ever before.

* DON'T FORGET OVER 40 MILLION AMERICANS ON FOOD STAMPS! (*JUST SHAKING MY HEAD*)

With President Obama in the White House, liberals have succeeded in their longstanding quest to make America more like Europe. Problem is, their idealized version of Europe's collectivist government is now in shambles. If the U.S. continues to mimic our European allies we'll fall to pieces, too.

(*NOD*)

This year the U.S. sent about $67 billion to the IMF, which represents 17.7% of the IMF's yearly budget - nearly three times more than any other nation.

On top of that, taxpayers provided an additional $108 billion credit line to the IMF in 2009.

[In addition to last year's] nearly $40 billion in assistance to Greece, which did nothing to prevent the country's economic collapse, on Monday the IMF approved another $2.95 billion worth of bailout funds for [these Greek scumbags!]

Earlier this year, Sen. Jim DeMint (R-SC) offered an amendment to repeal the IMF's authority to use the additional $108 billion credit line to provide any more bailouts.

(*CLAP-CLAP-CLAP*)

It was overwhelmingly rejected by the Democrat-controlled Senate.

(*BOO*)

Forty-four senators voted for it; only one was a Democrat.

* REMEMBER, FOLKS... GUN CONTROL IS BEING ABLE TO HIT YOUR TARGET!

I will soon give my colleagues another chance by forcing a vote to stop Mr. Geithner from supporting any more taxpayer-funded bailouts of the European economy, as well as nullifying previously expanded IMF bailout authority.

Members of the Obama administration must focus all of their efforts on strengthening the U.S. economy and balancing our budget, rather than on continuing to borrow from China to pay for Europe's out-of-control debts.

President Obama and Mr. Geithner have lectured European leaders on the need for them to take decisive action to stabilize their economies. They should practice what they preach and set a positive example for the world to follow.

Lending isn't leading. Balancing the budget would be.

* HEAR! HEAR!

December 9, 2011 at 9:19 AM

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