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No Fiscal Discipline Whatsoever?

For the first time since another Democrat occupied the White House, investors from Beijing to Zurich are challenging a president’s attempts to revive the economy with record deficit spending. Fifteen years after forcing Bill Clinton to abandon his own stimulus plans, the so-called bond vigilantes are punishing Barack Obama for quadrupling the budget shortfall to $1.85 trillion. By driving up yields on U.S. debt, they are also threatening to derail Federal Reserve Chairman Ben S. Bernanke ’s efforts to cut borrowing costs for businesses and consumers.

The 1.4-percentage-point rise in 10-year Treasury yields this year pushed interest rates on 30-year fixed mortgages to above 5 percent for the first time since before Bernanke announced on March 18 that the central bank would start printing money to buy financial assets. Treasuries have lost 5.1 percent in their worst annual start since Merrill Lynch & Co. began its Treasury Master Index in 1977.

“The bond-market vigilantes are up in arms over the outlook for the federal deficit,” said Edward Yardeni, who coined the term in 1984 to describe investors who protest monetary or fiscal policies they consider inflationary by selling bonds. He now heads Yardeni Research Inc. in Great Neck, New York. “Ten trillion dollars over the next 10 years is just an indication that Washington is really out of control and that there is no fiscal discipline whatsoever.”

99% of which, has been incurred on President Obama's watch!


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132 helpful answers

Hurt me once
 
Shame on you!
 
Hurt me twice
 
Shame on me!
 

"GOD BLESS OUR TROOPS"

 

Well to start with i can not even call him presinent, and that is not the way i was brought up so here goes...........This man and his team have made our proud counrty that has always been looked up to into the laughing stock of the world! He and his partnerns have no clue as to what is going on, or just maybe they do and all is going as planned. We are headed for a socialist state, and for anyone that does not know what that is, quick idea of it, you work, make $1,000 a week, joe next door is a jerk and makes $400 a week and spends it all on beer too, well in a welfare state all that money is pooled and you all have the same, you work you butt off and the jerk gets the same money that you do, and people that is where we are headed!!! We are looked at like fools in most of the world, this man tells our enemies that we are sorry, his class is that of a street person, and without a telepromter, he could not open his mouth! I may look at him like this because i am a militay brat, but no i don't think so, i myself have lost every time he opens his mouth, and take notice, next time he opens his mouth, the dow drops!!! I am one of the lucky ones as of yet, but there are things that i think twice about doing, and buying....This is a man that if not faught at every step will destroy our country!!!

Tanya 

 
95 helpful answers

Mat. 6:33 "Seek Ye First the Kingdom of God and All these things Shall Be Added to You!!!

This is a "Plan" that has been in "Play" for years & we are at "End Game" in Breaking Ameria!!! Obummer & the Donkeycrats are too Damned Stupid to have created this "Overnight" as it's "Ending" was "Sprung" upon Us. According to "Pravda", they aren't responsible for it so just who is??? This is a "Plan" to put the "Whole World" into Chaos & Strife!!! So how long are we going to Deny the Conspiracy Theory for "One World Government" as Scripture puts forth??? They found their "Boy" & Obummer is his name!!! They also needed "Players Behind the Scenes" & that is the "Bleeding Heart Liberal Socialist Party" combined with the "Donkeycrats" & "Gay / Greenie Fronts" who have tied this country in "Legislative Knots"!!! Tell me now Exactly what the "Rush" was all about to "Passing this Budget" & charging Headlong into the "Unknown Future" before we even had the Damned thing Printed & Distributed for "Intelligent Review??? It was all part of the "Cover Up Game with NO TRANSPARENCY for a REASON!!!! That Reason was DECEPTION FOR CONTROL!!! There is NOT ONE OBUMMER /DONKEYCRAT PLAN THAT IS WORKING PERIOD!!! THEY WEREN'T MEANT TO & THEY DON'T WANT THEM TO!!! THEY WANT SOCIALISM & THEN COMMUNISM!!! Once under Communism the "One World Order" is around the corner!!!   John

Posted 2009-06-03T21:34:12Z
Moosemose was invited by Yedda to answer this question.

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132 helpful answers

Hurt me once
 
Shame on you!
 
Hurt me twice
 
Shame on me!
 

"GOD BLESS OUR TROOPS"

 

The post is perfect. Not a thing i could add. "THE BEGING OF THE End has started" And the puppet sits in the chair of power!

"WE HAVE A COUNTRY FILLED WITH ICED COLD KOOL-AID DRINKING BLEEDING HEARTS THAT HAVE NO CLUE WHAT SOCICALISM OR COMMUNISM IS AND DO NOT WISH TO LEARN! None even know of what the, "n. W. O". Is or care!"

In today speach he has sold israel down the drain!

Tanya

Posted 2009-06-05T01:27:11Z

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