Pay Raise in 2013 tied to Budget Deal

Does it surprise anyone that the President has backtracked on his promise to give Federal Workers a whopping 0.5% raise in 2013.  Now he wants it tied to having a Budget passed in 2013.  Since the Senate hasn't passed a Budget in 3 years what do you think the odds are that one will be passed in 2013?  My guess is 0.00000000000000000000000000000000000000000000000000000000000000001%. 

US Debt by Year since 1790

Here is a long term Debt Chart going back to 1790.  Currently the US is nearing 16 Trillion in Debt. 

The 2 Party System

I'm amazed the 2 Party System has lasted as long as it has as many people are fed up with both parties.  You really have to wonder how long it will be before somebody comes along and finds a way to galvanize the disenchanted voters and form a new party that is stronger than either of the current two in place.  However maybe it will never happen. 

Quickly approaching 16 Trillion in Debt

Based on August 21st numbers Government Debt is approaching 16 Trillion.  The Debt Ceiling is at 16.394 Trillion so I expect by November we will be nearing the Debt Ceiling,

The Perfect Mix

Commodity Prices have been soaring especially those food related.  Also Gasoline Futures are rising again so we have the perfect mix with rising Food Prices coming as well.  If things flare up in the Middle East Gasoline Futures will soar in the months ahead which will not be good for consumers.

I will cut the Deficit in half by the end of my 1st Term

Who made this famous quote on February 23, 2009 you may ask?  Why the President did.  So where are we at today after that promise.  Well based on data from August 20, 2012 the debt has increased by just over 5.1 Trillion dollars since February 23, 2009.  I'm sure he was misquoted and meant he would actually increase the debt by 50%. 

How Would You Respond?

Back in World War 2 millions of Jews were executed by Hitler.  Before World War 2 began Hitler made it very clear how he felt about the Jews and what he would do to them.  Now in the 21st Century another leader President Mahmoud Ahmadinejad of Iran has made it very clear how he views Israel as he has stated on several occasions that Israel should be wiped off the face of the earth.  Before World War 2 began world leaders ignored Hitler's threats and believed he was blowing smoke in the wind, however, we all know how that turned out.   80 years later here we are again as many world leaders appear to be ignoring Ahmadinejad's threats as they believe he is just saying these things to increase his popularity in Iran.

If you were living in Israel and knew what happened back in World War 2 would you consider Ahmadinejad's threats as nothing more than bolstering his regime or would you consider his threats as legitimate?   Let's face it if the roles had been reversed and millions of Americans had been executed by Hitler and not Jews would the US be standing idly by if Ahmadinejad had said the US should be wiped off the face of the earth.