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Comments

1. #1
   On August 11th, 2009 at 9:38 am, xler8bmw said:

   I see the bus pulling up to the station in 3……2…….1

2. #2
   On August 11th, 2009 at 9:42 am, maine yankee said:

   Quick ! Quick !

   Find some place to spend this money, or they won’t give us any more.

   Sadly, somebody is going under the bus.

3. #3
   On August 11th, 2009 at 9:42 am, Paul Revere said:

   This is not helping Michelle Obama’s kids.

4. #4
   On August 11th, 2009 at 9:45 am, Ragspierre said:

   Follow this story.

   Believe it or not, this could amount to something.

5. #5
   On August 11th, 2009 at 9:45 am, TooMuchTime said:

   The unemployment numbers are sure to go up another click.

6. #6
   On August 11th, 2009 at 9:46 am, md1964 said:

   Hope this Inspector General has his Resume and Reference contacts all up to date…

   I am thinking there will be a pink slip coming from Adolph Obama.. no one questions Der Furher!!!!

7. #7
   On August 11th, 2009 at 9:47 am, tarpon said:

   The ruler don’t need no stinking grant approval process. Just hand out money to your thugs.

8. #8
   On August 11th, 2009 at 9:48 am, no2pcbs1 said:

   another ethical IG taking on the liar occupying the wh. the honorable vs zero the fraud.

9. #9
   On August 11th, 2009 at 9:59 am, pianoman said:

   We obviously need a “watchdog czar”…

10. #10
    On August 11th, 2009 at 10:03 am, pecze said:

    Hmmm…Oddly enough, Murtha’s airport to nowhere in Johnstown isn’t mentioned.

11. #11
    On August 11th, 2009 at 10:06 am, LOBOMAN said:

    On August 11th, 2009 at 9:46 am, md1964 said:
    Hope this Inspector General has his Resume and Reference contacts all up to date…
    I am thinking there will be a pink slip coming from Adolph Obama.. no one questions Der Furher!!!!

    Ain’t all this change great?

12. #12
    On August 11th, 2009 at 10:07 am, Savage24 said:

    Another Inspector General bites the dust! As a member of the Un-American mob I feel for him.

13. #13
    On August 11th, 2009 at 10:10 am, oldcollegeguy1980 said:

    Someone point this man to the unemployment line

14. #14
    On August 11th, 2009 at 10:11 am, John Deaux said:

    Transportation Department Inspector General Calvin Scovel seemed to be confused and disoriented at a recent meeting that was not recorded and no notes were taken. The White House is expected to announce his resignation shortly.

15. #15
    On August 11th, 2009 at 10:16 am, TigerLady said:

    If he’s young enough he can go to a readjustment camp. If not, give him his $50.

    “No healthcare for you!” /best Soup Nazi voice I can muster.

16. #16
    On August 11th, 2009 at 10:23 am, oldcollegeguy1980 said:

    The story of the week is very likely to be the attempted treasury sale of another 75 billion in debt.

    If the only buying that happens again this week is the same as last time, there is real trouble.

17. #17
    On August 11th, 2009 at 10:32 am, TigerLady said:

    The story of the week is very likely to be the attempted treasury sale of another 75 billion in debt.

    This was announced late Friday afternoon because the administration knew it would not be reported by the media. Thanks to Glenn Beck for his report.

    This scares me more than the healthcare plan. Both are a nightmare but this one is beyond the pale.

18. #18
    On August 11th, 2009 at 10:40 am, oldcollegeguy1980 said:

    I am not afraid of the impending failure of the bond sale. In fact I am hoping for another failure.

    It is the yoke of debt which the government ties around the neck of the future. As long as someone is willing to purchase that debt, nothing will change.

    What happened last time was quasi-monetization. If that happens again hang on. For you see once no one will purchase the new debt at the low rate of return promised, then what do you think will happen next time. The government will be forced to promise more return to lure those same investors. And so on.

    Don’t be fooled by some of the debt being purchased. There are existing reqirements that some have to be bought by participants. It is buyers above and beyone those that so far have not materialized.

19. #19
    On August 11th, 2009 at 10:45 am, TigerLady said:

    For you see once no one will purchase the new debt at the low rate of return promised, then what do you think will happen next time. The government will be forced to promise more return to lure those same investors. And so on.

    That’s what I’m afraid of.

20. #20
    On August 11th, 2009 at 10:50 am, John Deaux said:

    On August 11th, 2009 at 10:40 am, oldcollegeguy1980 said:

    It is the yoke of debt which the government ties around the neck of the future.

    This administration will continue to tax and spend their agenda into place until such time that they are run out of town or can’t sell their bonds.

    If the Chinese fail to buy this $75 billion, it would be a catastrophic vote of no confidence that would potentially end this administration.

21. #21
    On August 11th, 2009 at 10:52 am, oldcollegeguy1980 said:

    There is nothing to fear.

    There is simply nothing you as an individual can do about it. Except look at the facts as they are and prepare you and your family.

    If you have any debt, get rid of it. Live within yor means and you will never have anything to fear.

    It is debt and the fear which accompanies that debt that forces people to become dependent on something other than themselves.

22. #22
    On August 11th, 2009 at 10:54 am, oldcollegeguy1980 said:

    John that is why I want his treasury auction to fail.

    Failure in these auctions is a vote of no confidence by the rest of the world.

    It is one of the clearest indicators of a country on the wrong track

23. #23
    On August 11th, 2009 at 11:15 am, Bogtrotter said:

    Dead I.G. Walkin’

24. #24
    On August 11th, 2009 at 11:20 am, Rogue Cheddar said:

    I say put that money to good use and figure out a way for people to not have to sit in a plane on the tarmac for 12 hours, against their will.

25. #25
    On August 11th, 2009 at 11:33 am, txvet2 said:

    On August 11th, 2009 at 10:52 am, oldcollegeguy1980 said:

    I’m afraid you’re wrong. Everybody has a lot to fear from government. It’s true that your bank deposits are insured, but the gov’t is going bankrupt too – that’s kind of the point of the thread. As the money supply multiplies due to the Fed monetizing the debt, your banked dollars will lose value rapidly. (Your mattress bank will lose even more rapidly, because it probably doesn’t pay interest.) If you have investments, this insane monetary policy is going to destroy them. If you’re on S/S or other government pension, that’s in danger when the government begins defaulting, too. In fact, everybody is in danger now, even the “rich”. Except Congress and other federal bureaucrats, of course (they think). It’s easy to talk about avoiding debt, but it isn’t personal debt that’s the problem, and if you’ve figured out some way to keep the Federal Reserve from continuing to monetize the national debt and further destroying our currency and economy, I’d like to hear it.

26. #26
    On August 11th, 2009 at 11:35 am, Rogue Cheddar said:

    re:Transportation Department Inspector General Calvin Scovel

    Bill Dodge: I think this boy’s cheese has done slid off his cracker.

27. #27
    On August 11th, 2009 at 11:39 am, oldcollegeguy1980 said:

    There is no way, that is the point.

    These people are on a path to destruction. This train of exploding government debt has been on this course for some time.

    You and I can not change that.

    Only when the wheels of support for that failed policy come completely off will change happen. It is going to be very messy. All you can do is free yourself of personal debt, live within your means and let those chips fall where they may.

28. #28
    On August 11th, 2009 at 11:56 am, John Deaux said:

    On August 11th, 2009 at 11:39 am, oldcollegeguy1980 said:

    Only when the wheels of support for that failed policy come completely off will change happen.

    Let’s pull the bandage off quickly and be done with it.

    People honestly thought this path to socialism was going to prevent a depression, when all it is doing is lessening it and spreading it out over a longer period and destroying our freedom and quality of life in the process.

29. #29
    On August 11th, 2009 at 11:57 am, txvet2 said:

    live within your means

    What if your means doesn’t include a source of income? I give my daughter the same advice, but she thinks her “means” includes my bank account. Too many people think their “means” includes a job, unemployment insurance, pensions, welfare, food stamps, etc., all of which depend on somebody else paying.

30. #30
    On August 11th, 2009 at 12:14 pm, oldcollegeguy1980 said:

    Well said John.

    TxVet, I cannot fix these other people.

    For myself I defined what wealth meant.

    For myself I defined what individual liberty meant.

    I know my personal definition of wealth may differ from others. For some that might be Rockefeller type wealth and for others it may be 1 acre and a trailer and a garden. Mine might be somewhere in between. That is personal to me. Please define for yourself and work every day to achieve it.

    But be realistic in every thing you do every day.

    This does not mean not being involved. On the contrary it means being involved and unafraid. How many people do you know are afraid to really speak out because they are afraid of losing their job. When you control you own economic destiny the fear of politicians in Washington running out of money is meaningless.

    When their economic house of cards falters and fails, your garden will still grow.

31. #31
    On August 11th, 2009 at 12:14 pm, walterc said:

    I heard someone (on Hugh Hewitt maybe?) say that salving our economic problems by going further into debt is like trying to get a drunk sobered up by buying another round.

32. #32
    On August 11th, 2009 at 12:21 pm, sonofdy said:

    He hasn’t been fired for being “senile” yet???

33. #33
    On August 11th, 2009 at 12:26 pm, md1964 said:

    Obama 2008

    “Change you can beleive in……while standing in the Unemployed Line”

34. #34
    On August 11th, 2009 at 12:38 pm, TigerLady said:

    “a piece of bread could buy a bag of gold”

35. #35
    On August 11th, 2009 at 1:55 pm, NC BLUE said:

    When he reports all the Fraud, Waste and Abuse he does so in a disoriented manner (re:mind boggled by all the BS spending).

    He must be replaced now–we need someone who can better articulate our stimulus objectives.

36. #36
    On August 11th, 2009 at 2:21 pm, Misscheryl said:

    oldcollegeguy1980 said:
    Someone point this man to the unemployment line

    just follow the crowd.

37. #37
    On August 11th, 2009 at 3:34 pm, otcconan said:

    Just a little bit curious as to Sarah’s take on this one.

38. #38
    On August 11th, 2009 at 3:39 pm, otcconan said:

    I’m seriously thinking of converting all my money to British Pounds. At least that’s backed by silver.

39. #39
    On August 11th, 2009 at 4:24 pm, oldcollegeguy1980 said:

    On August 11th, 2009 at 3:39 pm, otcconan said:
    I’m seriously thinking of converting all my money to British Pounds. At least that’s backed by silver.

    I don’t think so

40. #40
    On August 11th, 2009 at 10:04 pm, GraniteMan said:

    Tis IG will suddenly catch a case of severe dementia and will be retired.