This'n'That; January 8th[Bankruptcy;Rallies/TeaParties;NationalDebt]

Non-Business Bankruptcies Up 34% In 2009

This is what happens when an ill-equipped, inexperienced neanderthalic moron known as barack INSANE obama; Mm.....MM......Mm!!! tinkers with the national economy......

It is mathematically impossible to improve the economy by pulling money out [as increased taxes and fees], only to put it back in [a presidential slush-fund disguised as a porkulus package]. At best, the economy will remain static!! Filings by year, type:

Year.............Total...................Nonbusiness.........................Business 2009............???......................1,400,000.............................??? 2008............1,117,771.............1,074,225.............................43,546 2007............850,912................822,950...............................28,322 2006............617,660................597,965...............................19,695 2005............2,078,415.............2,039,214.............................39,201 2004............1,597,462.............1,563,145.............................34,317 2003............1,660,245.............1,625,208.............................35,037 2002............1,577,651.............1,539,111.............................38,540

How's that 'Hope and Change' workin' for ya, now???

Rallies And TeaParties ARE Working!!

[I pulled this off Rush's website; www.rushlimbaugh.com ]

RUSH: Now, folks, let me address this, because I got an e-mail, I mentioned it briefly at the conclusion of the previous hour. I'm not trying to dispirit anybody but I must be honest with you about how I think the Democrats are going to play this, and I have to be honest when I tell you I don't think they care about losing their majority. That's how committed to this they are, and I don't doubt for a minute that health care and health insurance will become the new third rail, just like Social Security. Every election they're going to accuse Republicans who want to take away your health insurance, just like they traditionally accuse Republicans who want to take away Social Security. It's the way they play the game. Now, I think you all should keep calling offices, flooding offices with faxes, e-mails, and so forth, and do the rallies. They have helped. They have made a huge difference, they've delayed this. This was going to happen in August. Remember, they wanted all this to happen in August. And the protests did matter. But honestly, this isn't the long view. This is a spontaneous grassroots uprising that is happening, tea party movement and so forth that, as I say, did in fact slow this down, and it will make a difference in November. Movements take time to develop and the conservative movement, this one, after decades of neglect, is on the march. Conservatism is on the ascendancy. Now, when we face the kind of despotism that we're facing in today's Democrat Party, it takes all kinds of people doing all kinds of things. The public is energized. There are people who are willing to go to jail rather than be forced to buy health insurance. They are willing to do it.

When Debt Can Not Be repaid:

Speaking about foreign holders of American treasuries, the noted financial expert Peter Schiff said this in a speech at the Ludwig von Mises Institute:

“We're not going to pay the Chinese back their money. It's impossible. We can't. We can't possibly.”

Schiff's point was that America is not good for its debts. Sadly, he is right. Having incurred more than $65 trillion in obligations of various kinds, the federal government finds itself in an insurmountable fiscal hole. To give a sense of size, this amount is more than the annual economic output of the whole world and four times America's Gross Domestic Product. It would be impossible to manage this even if our leaders suddenly came to their senses and began to behave responsibly. There is little chance of that, however. The larger our debt, the more eager they are to spend more. So..... Where's all this "free, government money" going to come from?? How's that Hope and Change workin' for ya, now??

Til Nex'Time....