Wednesday, November 16, 2011

Relax. They'll make more.

Money that is.  From  CNS News:

Fed Now Largest Owner of U.S. Gov’t Debt—Surpassing China 

"At the close of business on Tuesday, the debt of the federal government exceeded $15 trillion for the first time--with the largest single owner of the publicly held portion of that debt being the Federal Reserve. 

"The U.S. Treasury Department divides the federal government’s debt into two general categories: debt held by the public—the type owned by the Chinese and the Federal Reserve—and “intragovernmental debt,” which consists of what essentially are IOUs the Treasury gives to government trust funds such as the Social Security trust when it takes and spends their money on other things."

We can't survive as a nation doing carrying on like this.  Sooner or later there is going to be a day of reckoning. 

Tuesday, November 15, 2011

The price of one job...

And that one job would be, of course, would be the presidency of the united states.

From Fox News:


State Department Won't Budge on Call for Pipeline Review Despite Rerouting 

"A day after Canadian oil company TransCanada agreed to reroute its proposed Keystone oil pipeline around Nebraska' ecologically sensitive Ogallala Aquifer, the State Department refused to budge on a new environmental review of the project that is not slated for completion until 2013 -- after the presidential election."

Here are the relevant facts:

Canada is going to continue extracting petroleum from their oil sands whether environmentalists like it or not.

There is no safer way to move petroleum than by pipeline.

If we don't buy this oil from Canada, Canada is going to sell it to China.

China is going to burn that oil with utter disregard for the environment.

We all use the same atmosphere.

China's oil supply will become more stable.  America's oil supply will become less stable.

The Obama campaign's cowardice borders on treason.  Life as we know it depends upon cheap and abundant energy.  It's madness to use our energy supply as a political pawn.