The STUPID mainstream media is covering events in DC like a horse race — how bad did the Tea Party or GOP lose, how big did Barry and the Democrats win. For those of you out there patting yourself on the back for your team’s “win,” or pouting over your side’s “loss”, let’s consider a few things:
- The federal government’s debt is approaching $17 trillion. Gross Domestic Product for the United States — the monetary value of all finished goods and services produced within the nation’s borders — for 2013 is estimated at $16.63 trillion. That’s right. We OWE billions more than we produce in a year. The alleged conservative party just fell all over itself to allow Barry and his friends to saddle us with even more debt. We will never pay off the debt as it stands. And they were worried about the possibility of defaulting?
- There’s nearly $4 trillion on the Federal Reserve’s balance sheet. Total assets of the Federal Reserve have increased significantly from $869 billion on August 8, 2007, to well over $2 trillion today.
- A Chinese credit rating agency has downgraded the United States.
- The “deal” worked out by Harry Reid and Mitch McConnell includes a $3 billion pork project for Kentucky — GOP leader McConnell’s home state. The widow of recently deceased multi-millionaire senator Frank Lautenberg (D-NJ) got a $174,000 payment as part of the “deal.” (Meanwhile, death benefit payments for military families are frozen.)
We’re getting government funding through February and a debt ceiling extension through January. So, we will be right back into this in a few months.
These people — the Ds and Rs in the ruling class — are choking the life out of our country and our economy. North Carolina’s Kay Hagan, Richard Burr, Howard Coble, Patrick McHenry, Mike McIntyre, David Price, Mel Watt and G.K Butterfield aided and abetted the movement of this “deal” through Congress.