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People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Thursday, May 28, 2009

Walking The Plank

Is it possible that the national debt will exceed 100% of U.S. Gross Domestic Product by the time Obama leaves office?

Very.

In fact, it's quite possible that he'll reach that milestone right after he's reelected.

If he's reelected.

If we still have a Gross Domestic Product.

If we still have a U.S. to call home.

The troubling news:
Exploding debt threatens America
By John Taylor, Financial Times

Under President Barack Obama’s budget plan, the federal debt is exploding. To be precise, it is rising – and will continue to rise – much faster than gross domestic product, a measure of America’s ability to service it. The federal debt was equivalent to 41 per cent of GDP at the end of 2008; the Congressional Budget Office projects it will increase to 82 per cent of GDP in 10 years. With no change in policy, it could hit 100 per cent of GDP in just another five years. [link]
No need to worry though. I've given it a whole lotta thought and I've decided that our debt will never reach 100% of GDP. Global investors will lose confidence in American Treasury securities and the dollar will go into free fall long before that (oh, and your savings will become worthless virtually overnight, sorry).

But be happy. We'll always have Hope & Change.

A Good Laugh

Courtesy of radically liberal Washington Post columnist E.J. Dionne:

"Republicans would be foolish to fight the nomination of Judge Sonia Sotomayor to the U.S. Supreme Court because she is the most conservative choice that President Obama could have made."

Conservative. Like E.J. Dionne is conservative.

A side-splitter.

Disintegration

All this because a bishop couldn't keep his abnormal behavior in check:
Episcopal Church Ousts 61 Clergy in Bishop Dispute
Associated Press

Fresno, Calif. (AP) -- National leaders of the Episcopal Church have ousted 61 clergy who aligned with a former bishop in California when he broke with the national church in a dispute over the Bible and homosexuality.

Episcopal leaders said Wednesday they were deposing all clergy who severed their ties and joined Schofield in affiliating with an Anglican archdiocese in Argentina.

Jerry Lamb, the new Episcopal Bishop of San Joaquin, called the decision to oust the clergy ''heartbreaking.''

''But, the fact is, they chose to abandon their relationship with the Episcopal Church,'' he said. [link]
The church of ... inclusion.

Things That Make You Go ... What?!

You may have already seen this but it just found its way to my email inbox and I thought it to be of value so I'm passing it along:
Recently Michelle Obama went to serve food to the homeless at a government funded soup kitchen.

Cost of a bowl of soup at homeless shelter -- $0.00 dollars

Having Michelle Obama serve your soup -- $0.00 dollars

A homeless person who is receiving a free meal while taking a picture of the First Lady using his $500 Black Berry cell phone $$$$ Priceless
Priceless indeed.

Also, (and I've made this point before) I understand why people feel the need to donate to the poor. In fact, I'm a big contributor to the Salvation Army myself, particularly at Christmas time.

But what I don't understand is why liberals feel the need to dish out food to homeless people who are perfectly capable of picking up a spoon and doing it themselves. They're poor, not quadriplegic.

What in God's name is that all about!?

'See The USA In Your Chevrolet'

The brand that Dinah Shore sang rapturously about in the 50's is about to get a makeover.

Introducing the 2010 Government Motors high-end luxury automobile for the discriminating American consumer who wants to ride in style ...


Guaranteed to meet Obama's 35.5 miles per gallon mandate too (* though you may have to get help pushing it up a steep incline).

In related news:
U.S. Expected to Own 70% of Restructured G.M.
By Micheline Maynard and David E. Sanger, New York Times

Detroit — In better times, many employees of General Motors called their company “Generous Motors” because of its rich benefits.

Now G.M. may stand for something else: Government Motors.

The latest plan for the troubled automaker, which is expected to file for bankruptcy by Monday, calls for the Treasury Department to receive about 70 percent of a restructured G.M.

Including the more than $20 billion that has already been spent to prop up G.M., the government will provide G.M. at least $50 billion to get the company through Chapter 11, people with direct knowledge of the situation said Tuesday. By some estimates in Detroit, tens of billions beyond that amount may be required.

The United Automobile Workers, meanwhile, will hold up to 20 percent through its retiree health care fund, and bondholders and other parties will get the remaining share. Shareholders would be virtually wiped out. [link]
"Shareholders would be virtually wiped out." Just as well. There'll be no need for shareholders if the government and the unions own the company. There'll be no need for sales revenue either. And thank God for that. Because what the bureaucrats and the UAW will be turning out (see above) will only make good boat anchors anyway.

Sing it with me:

"See the USA in your Chevrolet.
America is asking you to call.
Drive your Chevrolet through the USA
America's the greatest land of all ..."

* In case you're wondering, the photo above is actually of a government-built automobile. The East German Trabant. East Germany, in case you hadn't heard, crumbled a number of years ago. As did the car as it came off the assembly line.