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Corrupt Government
See other Corrupt Government Articles

Title: NUGENT: A titanic fiscal mistake
Source: [None]
URL Source: http://www.washingtontimes.com/news ... al-mistake/?page=all#pagebreak
Published: Aug 4, 2011
Author: Ted Nugent
Post Date: 2011-08-04 14:37:33 by Capitalist Eric
Keywords: None
Views: 10506
Comments: 20

When the captain of the Titanic was warned repeatedly of icebergs ahead, he nonetheless made the decision not to slow down or stop the ship for the night. He was, after all, the captain of a ship that “God himself could not sink.”

With the passage of the debt-raising agreement, it makes a guy wonder if the Fedzillacrats in Washington believe they are in charge of a country and an economy that even their boneheaded economic policies cannot sink.

They are wrong.

The dollars allocated toward reducing the debt are “a drop in the bucket, or even a spit in the ocean,” said Maya Mac-Guineas, president of the Committee for a Responsible Federal Budget, in an interview with Fox News.

The winner in this anti-common-sense “agreement” was President Obama. He got what he wanted and played House Speaker John A. Boehner and other Republicans like cheap fiddles. This wasn’t an agreement as much as it was bait, leading the Boehner gang to a political slaughter.

It is a deceitful, ugly lie to call a $2.5 trillion reduction in spending a step in the right direction when we will be borrowing $10 trillion to $11 trillion over the same period. According to my math, that’s putting us $8 trillion more in the hole. Only bureaucrats allergic to accountability could buy into such soulless, lying denial.

Once again, we have been ripped off, scammed and fleeced by those Bernie Madoff wannabes in Washington. You would have had to have been deaf, dumb and blind not to see this scam coming - heavy on the dumb.

But the real fleecing is yet to come.

There will be no spending reduction of $2.5 trillion, no real savings, no downsizing of government. If you believe there will be, I would like to sell you the Washington Monument or the U.S. Capitol. The Fedzillacrats will find a way to skirt around the spending reductions. They have learned to operate with impunity.

What will happen is that our debt will continue to skyrocket, putting our future as a nation on a titanic collision course with icebergs of financial insolvency.

Moody’s and others are warning us of our impending doom by threatening to reduce the nation’s credit rating even with the promise of $2.5 trillion in spending reductions. Much, much more needed to be done.

The producers and other Americans addicted to financial accountability realize it is kamikaze economics to continue to borrow and spend more than $100 billion each month more than you take in.

When the lookouts on the Titanic finally saw the massive, dark shape of the iceberg dead ahead in the ship’s path, it was too late for the Titanic to maneuver around it.

The financial lookouts are warning us that we are headed for Greece-like doom with our berserk addiction to borrowing and spending. Higher interest rates and inflation are coming first.

It would have been impressive if our professional politicians had agreed to a plan that cut spending by $10 trillion and just borrowed $2.5 trillion over the next 10 years. But that would have taken political guts that they don’t have.

I pray to God that voting Americans are taking notes and will make the guilty thieves walk the plank in 2012.

Post Comment   Private Reply   Ignore Thread  


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#1. To: Capitalist Eric, *Tea Party On Parade* (#0)

Ted Nugent, the draft-dodging, child abandoning POS is writing for the moonietimes now?

Teabagger if there ever was one, indeed!

{{{chuckle}}}

Never swear "allegiance" to anything other than the 'right to change your mind'!

Brian S  posted on  2011-08-04   15:16:04 ET  Reply   Trace   Private Reply  


#2. To: Capitalist Eric (#0)


"We (government) need to do a lot less, a lot sooner" ~Ron Paul

Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.

Hondo68  posted on  2011-08-04   15:33:47 ET  (1 image) Reply   Trace   Private Reply  


#3. To: Capitalist Eric (#0) (Edited)

When the lookouts on the Titanic finally saw the massive, dark shape of the iceberg dead ahead in the ship’s path, it was too late for the Titanic to maneuver around it.

This idea completely mischaracterizes the current plight of American government. It was actually forecasted by Ike Eisenhower when he left Presidential office.

He warned Americans of the rising Military/Industrial complex in the USA. But nothing happened to wake anyone up as most Americans were experiencing an increasing quality of life after WW2.

But Americans had no restraint. AND it can't be stopped today by voting in few snot-nosed punks because they think America's history can be erased by a vote or two.

And no president can stop the current trends, either. Once these idealistic idiots get into office they see issues that make their hair turn gray.

There is only one method that can create a turn-around. And no one wants to talk about it.

buckeroo  posted on  2011-08-04   15:34:11 ET  Reply   Trace   Private Reply  


#4. To: Capitalist Eric (#0)

t is a deceitful, ugly lie to call a $2.5 trillion reduction in spending a step in the right direction when we will be borrowing $10 trillion to $11 trillion over the same period. According to my math, that’s putting us $8 trillion more in the hole. Only bureaucrats allergic to accountability could buy into such soulless, lying denial.

But...but...It's the Tea Partiers' fault!!

I pray to God that voting Americans are taking notes and will make the guilty thieves walk the plank in 2012.

Can Union workers build the plank over the Grand Canyon?

Though Bobby Sherman is my hero and DREAMY, America is hijacked by Elites and Leftists.

Liberator  posted on  2011-08-04   15:36:38 ET  Reply   Trace   Private Reply  


#5. To: Brian S (#1)

Ted Nugent, the.....blah, blah...Tea Bagger...glug, glug...glug...

Hey Brian - How are we paying off this bill? Or will you gargle another fifth of torpedo juice, ignore the solution, and return to posting your Leftist Propaganda?

Though Bobby Sherman is my hero and DREAMY, America is hijacked by Elites and Leftists.

Liberator  posted on  2011-08-04   15:39:35 ET  Reply   Trace   Private Reply  


#6. To: buckeroo (#3)

It [fiscal disaster] was actually forecasted by Ike Eisenhower when he left Presidential office.

He warned Americans of the rising Military/Industrial complex in the USA. But nothing happened to wake anyone up as most Americans were experiencing an increasing quality of life after WW2.

At THAT point - and under those circumstances - it seemed as though the Elites' plan was working rather well.

The entire country turned when:

1) JFK was knocked off

2) LBJ's socialist 'Great Plantation' Act of 1965 was implemented

3) Third World Immigration/Invasion Act of 1965 was implemented

4) The Vietnam War re-booted the systematic military-industrial theft of 20% of the US's wealth while establishing ubiquitous Boogeymen

5) The Academe and Media colluded to control and manipulate public opinion through propaganda

There you have the catalysts for destroying America in 40 short years.

Americans had no restraint....no president can stop the current trends, either...There is only one method that can create a turn-around. And no one wants to talk about it.

That's exactly what the Elites want. Chaos, anarchy, and a show-down.

They've never wanted a thriving middle class or a Republic.

Though Bobby Sherman is my hero and DREAMY, America is hijacked by Elites and Leftists.

Liberator  posted on  2011-08-04   15:54:41 ET  Reply   Trace   Private Reply  


#7. To: buckeroo (#3) (Edited)

Great, so let's completely eliminate the military and hope everyone will be nice to us.

We'd still have a $750 Billion deficit this year.

Yes, we need to rethink our 20th century foreign obligations and cut military spending. But this isn't the primary driver of the debt.

The primary driver of the debt is that 50% of Americans now collect a government check. It will get worse as baby boomers continue to retire.

That has to be fixed or we're doomed.


An ideal form of government is democracy tempered with assassination. -- Voltaire

jwpegler  posted on  2011-08-04   16:12:01 ET  Reply   Trace   Private Reply  


#8. To: Capitalist Eric (#0)

Who gives a fuck what this idiot thinks. Experts are needed not dumb hicks who read internet articles and think they know how to run an economy.

Yes, I mean you too, Eric.

-------------------------------------
Whatcha lookin' at, butthead
Why don't you make like a tree and get out of here?

Biff Tannen  posted on  2011-08-04   16:12:40 ET  Reply   Trace   Private Reply  


#9. To: Liberator (#6) (Edited)

As individuals, we all enjoy being "smart" with both saving and spending money that we have earned. We pride ourselves in getting the best deal when it comes to pricing, delivery and quality of either a product or service that we elect to choose when shopping about. Even then, in the private sector there is a reasonable sense of guarantees if the buyer has some issue.

I can't find anything significant that I am particularly proud of in terms of ANY product or service the government has performed in America since WW2. They should have been thrown out decades ago. And, there is no way to get the money back.

buckeroo  posted on  2011-08-04   16:18:36 ET  Reply   Trace   Private Reply  


#10. To: Brian S (#1)

Ted Nugent, the draft-dodging, child abandoning POS is writing for the moonietimes now?

Teabagger if there ever was one, indeed!

{{{chuckle}}}

Rule of Disinformation #5. Sidetrack opponents with name calling and ridicule. This is also known as the primary attack the messenger ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as “kooks”, “right-wing”, “liberal”, “left- wing”, “terrorists”, “conspiracy buffs”, “radicals”, “militia”, “racists”, “religious fanatics”, “sexual deviates”, and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues.

Rule of Disinformation #6. Hit and Run. In any public forum, make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism reasoning - simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent’s viewpoint.

Rule of Disinformation #9. Play Dumb. No matter what evidence or logical argument is offered, avoid discussing issues with denial they have any credibility, make any sense, provide any proof, contain or make a point, have logic, or support a conclusion. Mix well for maximum effect.

It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984:

War is peace.
Freedom is slavery.
Ignorance is strength.

They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished.

Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window.

This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots...

THEIR God... is the STATE.

Capitalist Eric  posted on  2011-08-04   16:47:59 ET  Reply   Trace   Private Reply  


#11. To: Liberator, Brian S (#5) (Edited)

Brian S: Ted Nugent, the.....blah, blah...Tea Bagger...glug, glug...glug...

Liberator: Hey Brian - How are we paying off this bill? Or will you gargle another fifth of torpedo juice, ignore the solution, and return to posting your Leftist Propaganda?

The question answers itself.

It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984:

War is peace.
Freedom is slavery.
Ignorance is strength.

They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished.

Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window.

This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots...

THEIR God... is the STATE.

Capitalist Eric  posted on  2011-08-04   16:49:15 ET  Reply   Trace   Private Reply  


#12. To: Capitalist Eric, Brian Snob (#10)

Teabagger if there ever was one, indeed!

Your rules of disinformation are perfect.

Indeed.

Get Outta Dodge!  posted on  2011-08-04   17:00:30 ET  (1 image) Reply   Trace   Private Reply  


#13. To: Get Outta Dodge! (#12)

Your rules of disinformation are perfect.

Indeed.

Thanks, but I can't take credit for them.

Check HERE.

It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984:

War is peace.
Freedom is slavery.
Ignorance is strength.

They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished.

Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window.

This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots...

THEIR God... is the STATE.

Capitalist Eric  posted on  2011-08-04   17:08:37 ET  Reply   Trace   Private Reply  


#14. To: jwpegler, buckeroo (#7) (Edited)

Great, so let's completely eliminate the military and hope everyone will be nice to us.

We'd still have a $750 Billion deficit this year.

Yes, we need to rethink our 20th century foreign obligations and cut military spending. But this isn't the primary driver of the debt.

Can't go cold turkey, but we reducing the military by 75% is reasonable during peacetime (which has been the actual case since 1945.)

Who died and made the US King (and Cop) of the World?

The primary driver of the debt is that 50% of Americans now collect a government check. It will get worse as baby boomers continue to retire.

It's a major driver, but then so is financing the military and black ops with a blank check, and America being a consumer instead of producer nation as a result of treasonous political/economic policies.

Though Bobby Sherman is my hero and DREAMY, America is hijacked by Elites and Leftists.

Liberator  posted on  2011-08-05   0:29:57 ET  Reply   Trace   Private Reply  


#15. To: Capitalist Eric (#11)

The question answers itself.

Lol...

Btw, GREAT tagline(s).

Though Bobby Sherman is my hero and DREAMY, America is hijacked by Elites and Leftists.

Liberator  posted on  2011-08-05   0:31:16 ET  Reply   Trace   Private Reply  


#16. To: Liberator, capitalist eric, go65 (#14) (Edited)

Can't go cold turkey, but we reducing the military by 75% is reasonable during peacetime (which has been the actual case since 1945.)0

We spend $700 billion on the military each year.

If we leave Iraq and Afghanistan we save $100 billion.

If we leave Europe, Japan, and South Korea we might save $100 billion more.

I support downsizing our commitments right now.

That leaves us with $500 billion in military spending, which is less than 3.5% of GDP. It would be lowest military spending since before WWII. That's a reasonable price to protect the country.

The deficit this year is over $1,500 billion. Take $200 billion out of the military and we still have a $1,300 billion deficit.

Military spending needs to be reformed, but it is NOT the primary driver of the deficit.

The primary driver of the deficit is that over half the people in the country receive a government check.

Until that fact really sinks in, we're going to continue hemorrhage money.


This small group of terrorists [Tea Party members] have made it impossible to spend any money. -- Mike Doyle (D-PA)

jwpegler  posted on  2011-08-05   0:41:14 ET  Reply   Trace   Private Reply  


#17. To: jwpegler, Buckeroo (#16)

We spend $700 billion on the military each year.

That's what we're told, anyway. It's more than that. EVERY SINGLE YEAR.

If we leave Iraq and Afghanistan we save $100 billion.

Baaaad math, bro.

That leaves us with $500 billion in military spending, which is less than 3.5% of GDP. It would be lowest military spending since before WWII. That's a reasonable price to protect the country.

No, it's NOT "reasonable." I don't care whether the 3.5% is the benchmark. STILL WAY TOO MUCH $$$ ALLOCATED; TOO MUCH WASTE. AND WE CAN'T AFFORD IT.

The primary driver of the deficit is that over half the people in the country receive a government check. Until that fact really sinks in, we're going to continue hemorrhage money.

That's a legit problem. Moreover, unless we reduce the gargantuan number of un-necessary federal agencies, buildings, commissions, and fedgov drones, we'll still be screwed.

We need to produce WEALTH again. That means the 300+k factories lost to China and Mexico must be re-established back into the US and absurd over-regulation, eco-laws and restrictions rescinded. And that also means non-union jobs based on merit, performance and skill level MUST be considered instead of tenure.

But don't worry - the die is cast. America is already sabotaged from within too deeply in any case.

#36. To: We The People (#24)

I've really had enough of you. I just reviewed your account, and aside from [ridiculing] members of this site [like my retarded son, yukon, gatlin, and the ACLU Blackmailer], you have had zero to say here ...so I'm just going to toss you [and your crazy conservative posts] under the bus. and no...that was NOT a threat! I've just banned your account.

Mommy Goldi-Lox posted on 2011-07-31 13:56:29 ET

Liberator  posted on  2011-08-05   0:57:12 ET  Reply   Trace   Private Reply  


#18. To: Liberator (#17)

If we leave Iraq and Afghanistan we save $100 billion...

...We need to produce WEALTH again. That means the 300+k factories lost to China and Mexico must be re-established back into the US...

The FY11 Overseas Contingency Operations request of $159.3 billion, which will fund military operations in Afghanistan and Iraq next year... I'm not sure what NATO, Japan and Korea cost, but in 2002 we spent 16 billion dollars on our forces in Korea. 3 billion of that was the cost of keeping them in Korea rather than here. I think the figure of 100 billion is probably in the ball park.

For 2010 we spent 283 billion on operations and maintenance, against 140 billion on procurement. We can relax the tempo of operations by no longer keeping a third of our fleet forward deployed, where it is most vulnerable to a sucker punch as on December 7th. There is a lot of room for savings, the Virginia class SSN is being bought at 2 per year, shared by 2 yards that have zero incentive to control costs. A Los Angeles class SSN took an average of 6 million man hours to build 25 years ago, a Virginia is running twice that. A Perry class FFG took 2.5 million man hours to build, in Japan an Aegis destroyer of more than twice the displacement and horsepower is built with the same number of man hours, while ours require 5 million. There is a lot of room for improvement, in many areas.

Bringing factories back home adds a great amount of potential, more vendors to compete, and a bigger base to mobilize in wartime.

nativist nationalist  posted on  2011-08-05   1:52:41 ET  Reply   Trace   Private Reply  


#19. To: nativist nationalist (#18)

shared by 2 yards that have zero incentive to control costs

unions.

Death to everybody who does not get outta my way. (decided to retire the beatdowns on old worthless retread posters that are bozoed)

e_type_jag  posted on  2011-08-05   2:41:51 ET  Reply   Trace   Private Reply  


#20. To: buckeroo (#3)

Nugent: When the lookouts on the Titanic finally saw the massive, dark shape of the iceberg dead ahead in the ship’s path, it was too late for the Titanic to maneuver around it.

Bucky: This idea completely mischaracterizes the current plight of American government. It was actually forecasted by Ike Eisenhower when he left Presidential office.

He warned Americans of the rising Military/Industrial complex in the USA. But nothing happened to wake anyone up as most Americans were experiencing an increasing quality of life after WW2.

But Americans had no restraint. AND it can't be stopped today by voting in few snot-nosed punks because they think America's history can be erased by a vote or two.

And no president can stop the current trends, either. Once these idealistic idiots get into office they see issues that make their hair turn gray.

There is only one method that can create a turn-around. And no one wants to talk about it.

Yes sir. Agreed 110%.

We don't agree on much, it seems... but your summary nails it precisely.

This leads to the logical question: what do you think will happen? Where do we go, from here???

It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984:

War is peace.
Freedom is slavery.
Ignorance is strength.

They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished.

Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window.

This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots...

THEIR God... is the STATE.

Capitalist Eric  posted on  2011-08-05   11:42:38 ET  Reply   Trace   Private Reply  


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