Jobless Claims Rise Again In America

...And More People Fall Behind On Their Bills

Barack Obama

The job situation in America is terrible. So many people are unemployed. The current financial crisis has touched so many households in the nation, with jobless claims rising and a record number of people falling behind on their bills, namely mortgages.

In all the political speak transpiring in Washington, it is hard for some to gauge, who will be the most helpful, when so many are in need and not enough is being done. People need results, not more promises that go unfulfilled.

STORY SOURCE

Another round of bad US economic data

US jobless claims rise to 428000

Consumer Price Index, Jobless Claims Rise

Government Gullibility: Played For Suckers Or Was Solyndra A Front For Something Else

Barack Obama to White House staffer: this is the President. I'd like for you to send some gold bricks to Solyndra and gift wrap it with the note, "From Barry, with Love."

In reading the latest information coming out about the bankruptcy of President Obama's favored Solyndra solar company, which wasted over a half a billion dollars of taxpayer money, one is left to wonder, was the government really that gullible, did Solyndra play the Obama administration for suckers or was the company a cover for something else.

$535 million dollars is a lot of money to commit to a new company, especially one with unproven products and services. Yet, the government had no qualms about doing so, fast tracking the loan within six days, jumping in head first, in what was a terrible deal from the outset. Do you know how many small businesses in America would love a simple $5,000 to $10,000 loan and can't get one, yet Solyndra received this windfall of cash.

President Barack Obama and Chris Gronet of Solyndra

The FBI demands taxpayer money from Congress, claiming it is for one thing, but behind closed doors, often uses it for illegal secret programs that shred the U.S. Constitution. Was Solyndra using taxpayer money for reasons other than what was disclosed to the public, as I find it hard to believe any company could blow through half a billion dollars and have absolutely nothing to show for it. What happened here.

I have a question, if I go to Home Depot, buy some sheets of Plexiglas, spray them black, leave them out in the sun and call it a solar initiative, will the government give me $528,000,000 to play with too. Hey, it doesn't hurt to ask.

The FBI raiding Solyndra. Yea, now they want to investigate something, after the brown stuff hit the fan and the taxpayers' money is gone

An article published yesterday in the San Francisco Chronicle indicates, Solyndra sent an "upbeat" report to the government in July 2011 and they apparently bought it hook line and sinker (Feds probe Solyndra's upbeat July report). This was six weeks before they filed for bankruptcy, yet as recently as six months ago, the Judiciary Report again warned the Obama Administration needed to drop its solar initiatives.

If I knew, shouldn't the government have known as well. You mean to tell me the White House and the FBI, an investigative agency, where the President meets with its director, Robert S. Mueller, on a weekly basis, did not know what was going on at Solyndra.

Obama at Solyndra pretending he understands what they are talking about, not realizing it is rubbish that will go on to cost the taxpayers a boatload of cash. He should have let me go there for him, because the first thing out of my mouth after their long speech would have been, "You're talking pure bull!"

It's amazing - the FBI will illegally pry into the lives of writers such as myself (FBI Reproved For Spying On Journalists), day and night, even inappropriately talking to people I know personally, in bids at unconstitutionally swaying my sites and wanting to have unflattering things about them removed, yet a company like Solyndra that was loaned a half a billion dollars in taxpayer funds, they ignored, allowing them to blow all that money and during a financial crisis.

I'm pretty sure, had you collectively asked the taxpayers, who they would have wanted you to spend taxpayer money investigating, giving them the option:

a.) a wonderful annoying, smart alec blogger with a proven track record record of exclusives, who accurately called the FBI a bunch of corrupt privacy invaders wasting the taxpayers' money (the male ego can be so fragile)

-or-

b) a company (Solyndra) loaned $500,000,000 of taxpayer money that will go bankrupt and not repay it, much like the annoying blogger in option "a" warned would fail WELL BEFORE IT HAPPENED.

I'm sure the American people would have chosen option "b" Solyndra over the irritating, smart alec blogger that didn't do anything to anyone. As usual, the FBI continues to pry into the lives of the wrong people, while the real trouble happens elsewhere.

My point? The taxpayer money you wasted watching writers like me and covering it up by hiding the Freedom of Information Act files that reveal it, you could have spent investigating Solyndra and stopped this waste of $500,000,000 in taxpayer money, before the damage was substantial. Personally, I'm offended.

RELATED ARTICLES

Obama Administration Mum On How Many Jobs They Can Create For $420 Billion In Taxpayer Money

Obama Solar Firm Fails Filing For Bankruptcy And Laying Off 1,110 People

Are Obama's Speeches Getting Through To The Public

...After 2 Years And 9 Months Of Economic Chaos And Falling Numbers

Left to right: Vice President Joe Biden, House Speaker John Boehner and President Barack Obama, who is not looking very happy

Are U.S. President Barack Obama's speeches getting through to the populace and is he giving too many of them, too often, to no effect. Last night, the President gave a televised speech on the terrible unemployment crisis in America, stating he is seeking the passage of another legislative bill, with a hefty price tag of $450 billion dollars, to create new jobs.

The proposed bill will use taxpayer money to kick start the economy and Obama is already blaming the Republicans if it doesn't pass Congress, when he's already been given several hundred billion dollars to accomplish said goal, once again, to no effect.

We've heard all this before from Obama...repeatedly. It is more of the same. Yet, none of the spending is working, because the Obama Administration's fiscal plans lack economic discipline, controls and proper taxes, particularly on the rich. It is and will be money going down the drain on corporate hoarders, who have exhibited a great disdain for the middle class and poor.

Obama Sends U.S. Debt To All Time High

Debt Skyrockets Under President Obama Surpassing $10 Trillion

Barack Obama

For the first time in history, U.S. debt has topped $10 trillion dollars, up 59% under President Obama. In the midst of all Washington's spending, based on the reasoning President Obama set forth over two years ago, calculated expenditures would (allegedly) stimulate and boost the economy, spurring job growth. However, it has not and to terrible results. For the first time since 1945, U.S. job growth is at 0%, which is breathtakingly bad.

The government has also dipped into Social Security funds, which is not a good thing. According to CNS News, "The 'intragovernmental' debt is money the Treasury has borrowed out of government trust funds—including the Social Security trust fund—to use on federal expenses other than those the trust funds were set up to cover." This is a disaster in the making. Why is this being allowed.

STORY SOURCE

U.S. Debt Held by Public Tops $10T for 1st Time—Up 59 Percent Under Obama

Friday, September 02, 2011 - (CNSNews.com) - At the close of business on Aug. 31--for the first time in the history of the country--the publicly held debt of the federal government topped $10 trillion, according to data released by the U.S. Treasury Department at 4:00 p.m. yesterday.

http://cnsnews.com

Obama Promotes New Jobs Plan

But Will It Be Different From Last Time

Barack Obama

U.S. President Barack Obama, made an announcement today, regarding a new job plan he is unveiling for America. However, after 2 and 1/2 years in office, launching job plan, after job plan that have failed to fix widespread unemployment and business closures, the public is somewhat skeptical about the President's latest initiative.

As the phrase goes, the proof will be in the pudding, if it really works this time in putting people back to work. Past attempts have only managed to increase the national deficit, with few jobs created to substantiate such expenditures.

RELATED ARTICLES

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Obama's Poll Numbers Implode Into Disaster

When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

America's National Deficit Increased An Unprecedented 35% Under President Obama

A Majority Of Americans Feel They Were Better Off Before President Obama

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

New Negative Jobs Report Is Bad News For Obama

The Benefits Of Government Cost Cutting

Obama Calls For Job Summit

Artificial Growth - Part 2

Artificial Growth

Spouse Of Star On Real Housewives Of Beverly Hills Kills Himself

Massive Debt And A Tell-All Regrettably Prove His Undoing

Russell Armstrong and Taylor Armstrong

Russell Armstrong, 47, the husband of "Real Housewives of Beverly Hills" star, Taylor Armstrong, was found dead in his Los Angeles apartment. Police report Armstrong hanged himself. The couple had been going through a stressful divorce, which was exacerbated by mounting debts, lawsuits and a forthcoming tell-all, which proved too much for Armstrong.

The Bravo network's "Real Housewives of Beverly Hills" is supposed to expose the public to a lifestyle of wealth and glamour. However, more often than not, the public finds out the individuals on the "Real Housewives" reality series, are keeping up appearances, facing significant debt and nowhere as wealthy as the show makes them out to be. Many of the shows' stars are in foreclosure, eviction and or bankruptcy.

It's a shame Armstrong took his life. Money and material things are not worth dying for. Money does not define you. Faith and family are what matter. You can recover from financial setbacks. Think rationally and make positive changes to get things back on track. You aren't the first person to experience financial trouble and you won't be the last. There's no shame in that.

We live in difficult economic times. Many people are experiencing financial troubles, but the public must keep things in perspective and realize suicide is not the answer.

Is $14.5 Trillion Not Enough Money

UPDATE: The line "Any government in the world should be able to make due on $14.5 trillion dollars in income per year" should have stated "Any government in the world should be able to make due on $14.5 trillion dollars in income per year (their cut thereof)" and has been fixed.

Why Can't Washington Make It Work

Barack Obama

The GDP of the United States of America is approximately $14.5 trillion dollars, which is a significant sum of money. Yet, Washington felt the necessity to raise the debt ceiling, to negative results, claiming they could not make due on that amount. They claimed it would leave vital national bills unpaid, if they did not increase the current threshold of debt.

The Judiciary Report finds those claims quite dubious. Any government in the world should be able to make due on $14.5 trillion dollars in income per year (their cut thereof). Excessive spending and financially wasteful expenditures is the problem. A lot of money is coming into the national coffers, which could address the nation's financial problems, but a large portion of that figure is being diverted to the wrong things.

First off, if the government eliminated the three unjustifiable wars it has running, many innocent lives would be saved, as well as trillions of dollars, which could be constructively used in America. Further budget cuts at the CIA, FBI and NSA, would prove very beneficial as well, due to the agencies' role in government, usually entailing starting trouble of some sort against innocent Americans or international citizens in the world, in violation of the U.S. Constitution.

U.S. House Speaker John Boehner and President Barack Obama

As the Judiciary Report sees it, 14,000,000 people should not be out of work and suffering, factories shutting, businesses going under, homes being lost to foreclosure, people wanting to go to university, but can't afford to, all so some can keep unjust tax breaks, illegal wars and unlawful surveillance running. A choice needs to be made now, regarding budget cuts and taxation on the rich, to turn the economy around or things will continue to deteriorate.

The other option is to do nothing and circumstances will make the choices for you, as in the nation completely running out of financial options and having to close a number of agencies (CIA, FBI, NSA) and initiatives, as the money simply isn't there to keep it running, with borrowing options extremely narrowing.

The government is playing a dangerous game in Washington, D.C. and it is one they are going to lose, if they remain on the current path they treacherously tread.

RELATED ARTICLES

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Obama's Poll Numbers Implode Into Disaster

When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

America's National Deficit Increased An Unprecedented 35% Under President Obama

A Majority Of Americans Feel They Were Better Off Before President Obama

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

New Negative Jobs Report Is Bad News For Obama

The Benefits Of Government Cost Cutting

Obama Calls For Job Summit

Artificial Growth - Part 2

Artificial Growth

The U.S. Stock Market Plunges 634 Points In One Day

The Dow Does A Diver

August 8. 2011

Investors are fleeing the U.S. stock market in droves, as the Dow Jones plunged 634 points today, in response to Standard and Poor's downgrading America's credit rating for the first time in history. This was not a good development for the nation and not something the government should ignore, as some in Washington are currently doing. For almost a century, America has enjoyed a great credit rating with the storied agency and this lack of confidence will have greater repercussions at home and abroad.

Barack Obama

As the Judiciary Report stated on August 5, 2011, Standard and Poor's reserves the right to downgrade America's credit rating even further (U.S. Credit Rating Downgraded For The First Time In History). Two days later, on Sunday, August 7, 2011, Standard and Poor's stated, another downgrade could occur in as soon as "six months." The Obama Administration needs to get to work, or said scenario is likely, if things remain on their current trajectory of trouble. This is truly a shame, as it didn't have to happen.

RELATED ARTICLE

U.S. Credit Rating Downgraded For The First Time In History

U.S. Credit Rating Downgraded For The First Time In History

A Precedent The President Could Have Done Without

Barack Obama

Standard And Poors (S&P) has downgraded America's once sterling AAA credit rating to an AA+ in news not welcomed by U.S. President Barack Obama and his administration. The $2.4 trillion increase to the U.S. debt ceiling is partly to blame for this historic decision, coupled with no proper tax increases or significant government budget cuts.

It was not a good precedent for President Obama to set. Had Obama simply done what the Judiciary Report has stated for the past couple years - raise taxes on the rich - this would not have happened, as the revenue streams would have begun already and exhibited clear and undeniable intent to reduce the deficit. What's worse is S&P has reserved the option to decrease America's credit rating even further.

Some have tried to spin this news and they should not. Delusion and denial is what created this problem in the first place, in not facing reality and taking positive, proactive action to address the nation's debt. To spin this negative, is the equivalent of a student bringing home a B grade, when they could have received an A had they applied themselves and trying to convince their parents the former is better than the latter.

Congress and the White House have gone out of their way to protect the rich, at the expense of the middle class and the poor. They would do well to remember, there are more middle class and poor in America, than rich, which means more votes to remove politicians from office and replace them with others.

Enough with the tax cuts for the rich, as it is damaging the nation in so many ways. It's time to raise taxes on the rich - a proven, time tested method of bringing in revenues to cash strapped governments. It won't make the rich poor, but they'll have a little less and it will help clean up the financial mess.

RELATED ARTICLES

Obama's Poll Numbers Implode Into Disaster

When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

Obama Calls For Job Summit

Artificial Growth - Part 2

Artificial Growth

The Benefits Of Government Cost Cutting

The Republicans Say Obama Has No Economic Plan, Only Speeches

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

A Majority Of Americans Feel They Were Better Off Before President Obama

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

America's National Deficit Increased An Unprecedented 35% Under President Obama

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

New Negative Jobs Report Is Bad News For Obama

U.S. Stock Market Plunges 500 Points

Debt Ceiling Increase Did Nothing To Allay Investor Fears

Barack Obama

As mentioned last night, the U.S. stock market is in a bad way. This morning things got worse, as it plunged 500 points, taking it back to the height of the 2008 financial crisis. The passage of the congressional bill, to raise the U.S. debt ceiling by $2.4 trillion dollars, did nothing to assuage the markets. It was a very risky political gamble for President Obama that has not paid off.

RELATED ARTICLES

Obama's Poll Numbers Implode Into Disaster

When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

The Grammys Are Concerned Toni Braxton's Awards Will Be Auctioned

Toni Braxton

The National Academy of Recording Arts and Sciences (NARAS), which is the organization that awards singer with Grammys, has made an appearance in singer Toni Braxton's bankruptcy case, out of concern the six awards she has won during her 20-year music career could be seized and auctioned, to satisfy her many debts.

Braxton fell seriously ill with breast cancer, lupus and angina, which made her unable to work for a time. As a result, Braxton fell behind on credit card payments to high end retailers and other financial obligations. Due to the fact she did not disclose the full extent of her health problems, the insurer that underwrote her Las Vegas performance policy, did not pay the $10,000,000 guarantee in the event her stage run abruptly ended.

Braxton's financial woes grabbed unflattering headlines last year, when she filed for bankruptcy, the second time in a decade, prompting claims she is a spendthrift not in charge of her financial affairs. Braxton's latest Chapter 7 bankruptcy filing, already saw her reluctantly relinquish her million dollar mansion in Atlanta, Georgia's Sugarloaf Country Club. The legal documents also list her Grammy awards among her possessions.

It's all good and fine that they made an appearance in the case, in an attempt to protect their brand. However, the Grammys are a complete farce now, when a screamer singer like Beyonce Knowles, among others, can criminally commit wholesale theft of valuable copyrights worth many millions and win more Grammy awards than Aretha Franklin, in one fifth the time. It says the organization's credibility is gone.

You are giving out Grammys like candy to people that did not earn them, which has taken the prestige and heft from your awards. I also have it on good authority, though you do not want the Grammy awards sold to non-recipients, the voting process can be bought to rig a desired outcome on behalf of artists that did not earn it. The aforementioned two problems, which will mushroom into a forthcoming scandal, when specific details are brought to light before the public, are the real issues the Grammys need to be focused on.

RELATED ARTICLES

Beyonce's First Two Singles From Her New Album Flop

Rumor: Tamar Braxton Is A Victim Of Domestic Violence

Braxton Family Values Finale Explodes Into Fight

Will Reality Show Clear Up Toni Braxton's Debts And Financial Troubles

Tamar Braxton Defends Her Plastic Surgery

Friction Between Toni Braxton’s Parents Leaves Her In Tears

Toni Braxton Led Astray By Playboy

Tamar Using Her Husband's Wealth To Make Sisters Feel Bad On Braxton Family Values

Beyonce Keeps Stealing From The Braxton Family

Toni Braxton's Sister Continues Competing With Her For The Spotlight

Toni Braxton's Family Sad Upon Learning Of Her Potentially Fatal Illness

Will Toni Braxton's Sister Tamar Braxton’s CD Be A Hit Or Miss

Physically Ill Toni Braxton Antagonized By Her Jealous Sister On Reality Show

Toni Braxton Takes A Dig At Evelyn Lozada

Toni Braxton Says She Is More Popular In Europe

Toni Braxton Files For Bankruptcy Again

Toni Braxton Fails To Refute Spendthrift Claims

Braxton Family Values Hits A Sour Note

Obama's Poll Numbers Implode Into Disaster

Reelection Not Looking Likely

Barack Obama

U.S. President Barack Obama is having a hard time in the polls. Numbers in every area of polling indicate, the American people are fed up with the debt ceiling debacle and the economy in general. There has been no recovery in the U.S. economy, only massive spending that is drying up and revealing all the cracks and flaws the government tried to camouflage.

But wait, Obama isn't the only one on the hot seat. The U.S. Congress saw its poll numbers drop to an all time low, with approval rating sitting at an uncomfortable 6 percent and it is deserved. They have passed ludicrous spending bills and can't, excuse me, won't even agree on a plan for the debt ceiling, by taking the best parts of both political parties' proposals and merging them into one bill, for the good of the nation.

President Obama and members of Congress debating the debt ceiling

U.S. House Speaker and Republican, John Boehner, has accused Obama of caring more about reelection, than resolving the debt ceiling crisis that is gripping the nation. The clock is ticking and in less than a week, if no decision is reached, America will default on its debts. According to the Los Angeles Times, Obama's own Democrats are abandoning him on this issue, as they have been pushed to the point of anger.

STORY SOURCE

New polls confirm Obama's Democratic base crumbles

Zogby/Newsmax Poll: Most Don't Trust Obama on Economy

Obama's Liberal and Minority Base Erodes in New Poll

New polls confirm Obama's Democratic base crumbles

Voters Still Blame Bush For Economy

Poll Pessimism hits 14year high

Harris Poll: If Mitt Romney Won GOP Nomination, Barack Obama Would Lose Race

U.S. Debt Deal Dead

Barack Obama

Published reports indicate congressional Senator, John Boehner, has walked away from the debt ceiling debate, against President Barack Obama, exasperated that they have been unable to come to a final agreement. There is talk that Obama's own Democrats are angry with him over the lack of progress. The press and public had hoped the issue was almost resolved, but the latest on the negotiations illustrate otherwise.

RELATED ARTICLES

The Republicans Say Obama Has No Economic Plan, Only Speeches

Democrats And Republicans Refuse To Budge On Debt Ceiling While Obama Threatens To Cut Social Security Next Month

New Poll Finds A Majority Of Americans Do Not Believe Obama Will Be Reelected

A Majority Of Americans Feel They Were Better Off Before President Obama

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

America's National Deficit Increased An Unprecedented 35% Under President Obama

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

Republicans Develop Economic Plan And Await Response From Obama

"Video: Speaker Boehner: Time for the No-Budget Senate to Act on Cut, Cap & Balance"

Prominent Republican senator, John Boehner, took to the podium today, to announce the Republican party has developed a financial plan for America, but await a response from U.S. President, Barack Obama, regarding the course of action he intends to take. The clock is winding down to the August default deadline, in the debt ceiling debacle Congress is currently presiding over.

Barack Obama

The regrettable fact regarding the congressional fighting, excuse me, debates, is neither side has been able to take the better ideas from each party and merge them into one proper solution. Overall, the Republican party has the better, more prudent economic plan save for the no taxes clause, which, frankly, is a problem.

John Boehner

The Democrats' financial plan has too much spending, but its true redeeming factor is the tax increase on the rich, which would make a big difference (provided the money isn't squandered by too much spending again). Really, is it that hard to compromise with each other. Even the government had to admit this week that the talks have become unusual and strangely stalled, in comparison to past negotiations. Something is wrong.

RELATED ARTICLES

You Can Tell By The Looks On Their Faces That The Debt Talks Aren't Going Well

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

A Majority Of Americans Feel They Were Better Off Before President Obama

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

America's National Deficit Increased An Unprecedented 35% Under President Obama

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

New Negative Jobs Report Is Bad News For Obama

Obama Calls For Job Summit

When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

Barack Obama

In listening to President Obama and members of his cabinet speak about the financial crisis, one walks away with the impression, they have the mindset of gamblers. So much money has been pumped into the U.S. economy during President Obama’s term, yet he alarmingly continues to spend and keeps suggesting more stimulus packages, as the solution to America’s dire financial problems.

They sound like gamblers, who keep making risky wagers, believing that next gamble is the one that’s going to put them on top and in the black, only to end up further in the red, in a financial hole that keeps deepening.

It’s time for a sensible approach to finance with a sound fiscal plan, as the Judiciary Report has advocated for years. America does not have money to burn. It’s time for certain people in Washington to stop acting like it. There is a massive difference between debt and profit. Learn it.

After two presidents in a row, Bush and Obama, exhibited poor financial acumen, making very risky economic choices, to the detriment of America and the globe, the financial world has lost confidence in Washington.

The tides are changing in the world. It is the rise of China, India and Brazil in finance, which is a positive development for the world, as it means more people advancing. If America is to remain competitive in the financial world, prudent, precise and insightful action needs to be taken now to set things aright with the economy or risk falling to the wayside. The truth hurts, but it is only in confronting it and making the necessary changes, can one improve and move forward.

RELATED ARTICLES

Obama Calls For Job Summit

Artificial Growth - Part 2

Artificial Growth

The Benefits Of Government Cost Cutting

The Republicans Say Obama Has No Economic Plan, Only Speeches

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

A Majority Of Americans Feel They Were Better Off Before President Obama

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

America's National Deficit Increased An Unprecedented 35% Under President Obama

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

New Negative Jobs Report Is Bad News For Obama

The Republicans Say Obama Has No Economic Plan Only Speeches

In a jab at U.S. President, Barack Obama, leading Republican, John Boehner, outlined his party's economic and political plans for America, in the wake of a terrible financial crisis. Boehner also went on to state, President Obama has no financial plan for America, only issuing speeches in the face of serious issues.

Senator John Boehner (left) and President Barack Obama (right)

As the deadline for the debt ceiling nears, the President and his fellow Democrats, are locked in negotiations with rival Republicans and it appears they have made very little headway. Here's hoping both sides will accomplish something in the coming days.

STORY SOURCE

Boehner to Obama: Time to Put Forward Your Own Plan

Boehner: Obama has no debt plan. Republicans do

Palin: 'Obama lies, economy dies'

Romney attacks Obama on economy, pitches federal debt plan

RELATED ARTICLES

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

A Majority Of Americans Feel They Were Better Off Before President Obama

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

America's National Deficit Increased An Unprecedented 35% Under President Obama

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

New Negative Jobs Report Is Bad News For Obama

Obama Calls For Job Summit

You Can Tell By The Looks On Their Faces That The Debt Talks Aren't Going Well

Barack Obama

U.S. President, Barack Obama, is reportedly very frustrated with the lack of progress in negotiations, regarding America's debt ceiling. He lashed out in anger this week stating, "I have reached the point where I say enough. Would Ronald Reagan be sitting here? I’ve reached my limit. This may bring my presidency down, but I will not yield on this." Currently, if there's anything that is going to bring Obama's presidency down, it is his unprecedented government spending, with no results to show for it, as the economy continues to worsen in every way.

John Boehner

On the other side of the aisles, top Republican, John Boehner, is sticking to his guns on not raising taxes on the rich (which the Judiciary Report does not agree with) and budget cuts (which the Judiciary Report does agree with). It is in times like these, it is beneficial to look to economic plans of the past that worked and within reason, apply those lessons to the challenges of today.

STORY SOURCE

Barack Obama’s future looks precarious as America faces its most important presidential election since 1980

RELATED ARTICLES

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

A Majority Of Americans Feel They Were Better Off Before President Obama

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

America's National Deficit Increased An Unprecedented 35% Under President Obama

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

New Negative Jobs Report Is Bad News For Obama

Obama Calls For Job Summit

Democrats And Republicans Refuse To Budge On Debt Ceiling While Obama Threatens To Cut Social Security Next Month

Democrats and Republicans are fighting in Congress, regarding the debt ceiling, while President Obama threatens to cut off Social Security, stating he cannot guarantee that seniors checks will go out next month, on August 3, 2011.

Has he lost his mind. Seniors are going to remember that and attribute it to him. They paid into Social Security for decades, to receive their money during old age and not for a president to summarily decided such a thing.

If President Obama had not wasted so much money on unnecessary spending initiatives and thrown so much cash out the White House window, on overblown stimulus packages, with significant funds stolen and misappropriated, America would not be in this bind.

Barack Obama

President Obama should have raised taxes on the rich from day one of his presidency and used the funds to pay down the national debt and create jobs. President Clinton created 23,000,000 jobs by raising taxes during his time in office, which was recorded as the most financially prosperous in U.S. history. Others have done the same in the past, in other nations, such as Margaret Thatcher in Britain, creating new jobs with freshly raised tax money.

Now President Obama has his back to the wall, after massive, fruitless expenditures and is threatening seniors over Social Security they already paid for. What exactly did the government do with their money. As the Judiciary Report sees is, messing with Social Security is like dipping into pension funds, something you just don't do. You really must not want a second term.

The Democrats need to desist with the excessive spending and the Republicans in Congress need to give up on not raising taxes, because the money is needed. America has many billionaires, millionaires and individuals earning over $250,000 per year that can pay higher personal (and business) income taxes. They live in America and should pay it, after reaping all the funds they did off the nation.

RELATED ARTICLES

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

A Majority Of Americans Feel They Were Better Off Before President Obama

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

America's National Deficit Increased An Unprecedented 35% Under President Obama

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

New Negative Jobs Report Is Bad News For Obama

Obama Calls For Job Summit

Will Reality Show Clear Up Toni Braxton's Debts And Financial Troubles

Toni Braxton

In 2010, Grammy Award winning singer, Toni Braxton, filed for bankruptcy - the second time in a decade. In 2010, Braxton lost her $2,400,000 Las Vegas home to foreclosure. She also gave up her primary residence, a 7 bedroom, 7 bathroom, $1,500,000 Duluth mansion, set in the Sugarloaf Country Club.

Braxton initially fought to keep the attractive, sprawling home. However, her creditors forced foreclosure, but due to the property having negative equity, Braxton was advised not to challenge it. She ended up surrendering the property, in what had to be a very difficult blow.

Braxton's former home in Duluth, lost to foreclosure

In the 1990s, LaFace Records, gave Braxton a reported settlement of $20,000,000 as apart of a renegotiation fee on her recording contract, after the bad publicity from her first bankruptcy. Label mates, TLC, were reportedly given the same, as they too had filed bankruptcy.

Braxton's former home in Las Vegas, gone to foreclosure

In 2006, Braxton signed a lucrative Las Vegas performance deal with the Flamingo hotel, but fell ill a year and a half into the multi-million dollar run. This is where her troubles began, as she'd taken on new debts and insurers refused to pay when she became ill, stating she hid her medical condition from them, which is a violation of the performer's policy. Braxton is battling lupus, angina and breast cancer.

Braxton's Las Vegas show was cancelled due to illness

It is regrettable that Braxton did not buy a home outright, when she had cash surpluses, rather than obtaining mortgages, as she would not have lost her main residence, which was clearly distressing. She is also older now, 43, with her health problems impacting her appearance. There also exists a pathetic ageism in the vain entertainment industry.

Braxton Family Values

However, with the success of her reality show "Braxton Family Values" that has brought in a moderate amount of money, with residuals and DVD sales to come, will Braxton get back in the black. That depends. Her 2010 bankruptcy filing was filed with debts to luxury retailers and establishments, such as Tiffany's, BMW, Neiman Marcus and the Four Seasons.

Braxton's spending would have to drastically change, in order to rebuild her finances from the ground up and maintain a solid financial profile. Her health is also a factor, which should indicate to her to save up for a rainy day.

RELATED ARTICLES

Tamar Braxton Defends Her Plastic Surgery

Friction Between Toni Braxton’s Parents Leaves Her In Tears

Toni Braxton Led Astray By Playboy

Tamar Using Her Husband's Wealth To Make Sisters Feel Bad On Braxton Family Values

Beyonce Keeps Stealing From The Braxton Family

Toni Braxton's Sister Continues Competing With Her For The Spotlight

Toni Braxton's Family Sad Upon Learning Of Her Potentially Fatal Illness

Will Toni Braxton's Sister Tamar Braxton’s CD Be A Hit Or Miss

Physically Ill Toni Braxton Antagonized By Her Jealous Sister On Reality Show

Toni Braxton Takes A Dig At Evelyn Lozada

Toni Braxton Says She Is More Popular In Europe

Toni Braxton Files For Bankruptcy Again

Toni Braxton Fails To Refute Spendthrift Claims

Braxton Family Values Hits A Sour Note