Rick Santelli's Chicago Tea Party |
| Posted: 17 Apr 2011 07:42 AM PDT - Dr. Robert R. Owens Friday, April 15, 2011 America is careening towards a financial Armageddon. The president proposed a budget for 2012 that projected a deficit of 1.6 Trillion dollars. That is trillion with a "T." Gone are the innocent days when one of the perpetually re-elected could quip, "A billion here and a billion there and soon we're talking about real money." Now billions disappear into the federal sinkhole at the rate of 4.08 billion per day. What does a trillion look like? If you went into business the day Jesus was born, and you lost a million dollars a day, 365 days a year, it would take you until October 2737 to lose a trillion dollars. According to the Congressional Budget Office (CBO) the budget deficit just for February 2011 hit $223 billion, which means more debt was added in just that one month than was added in all of 2007. The personal share of the federal debt borne by every tax-paying citizen is now increasing at the rate of $50 per day seven days a week, 364 days a year. That is an increase of $1,500 per month and $18,250 per year per tax payer.
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| Likely GOP contenders plot tea party strategies Posted: 17 Apr 2011 07:20 AM PDT
As the tea party turns 2, the still-gelling field of Republican presidential contenders is the first class of White House hopefuls to try to figure out how to tap the movement’s energy without alienating voters elsewhere on the political spectrum. Look no further than this weekend’s events marking the tea party’s second anniversary to see how the candidates are employing different strategies. Some will be out front as the tea party stages tax day rallies across the country. Others, not so much. Former Minnesota Gov. Tim Pawlenty, an establishment Republican making a play for tea party support and clamoring to be heard over bigger names, is among those jumping in with both feet. Mississippi Gov. Haley Barbour is being more coy. Pawlenty joined a gathering on Boston Common — in the city where colonists staged the 1773 Tea Party revolt against the British government — and earlier in neighboring New Hampshire. And he’s headed for Iowa a day later for similar appearances that are likely to include “Don’t Tread on Me” banners and tirades against Washington spending. For the full article, click here. |
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