Updates, personal notes, humor and tid-bits from friends, religious and/or political comment.
Friday, March 30, 2012
Which is your vision for America?
The burgeoning national debt and continuous trillion dollar deficits continue to weaken the US dollar and stifle job growth which is driving gas prices higher and home values lower.
There are two financial visions for America:
· The Republican proposed budget will balance in 20 years and reduce the national debt to GDP ratio from 100% to 10% by 2050 (source CBO). OR
· President Obama’s budget which will never balance in the out years or reduce the national debt by one dime
In his first 3 years in office he added more debt than President Bush did in 8 years.
Just look what his policies have led to in 3 short years:
· Gas in 12/08 $1.69 per gallon source CPI, BLS today at Chevron $4.03
· National Debt 12/08 $10.7 trillion source US Treasury today $15.5 trillion
· Number of jobs 2011 134.4 million source BLS today 131.9 million
· Health insurance average family price $12,680 in 2008 in -2011 $15,073 and rising source Kaiser
· Medium home price 2008 $191,975 ---2011 $169,500 source national assoc. of realtors
Bottom line: Nobody can afford another four years of President Obama!
9 weeks to the May 30 WSRP State Convention
32 weeks to the Nov 6, 2012 General Election
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