Lisa Benson for August 28, 2015

Three trillion down the drain in Iraq, which will double over time, smooth move, Ex-Lax.

I should have added that only an addle brained person would think anchor babies are a major factor in our debt situation.

The point that many are totally missing is just how much is the federal government of the USA actaully worth? I mean if you go to get a home loan your present assets are a very important part of your evaluation for that loan!

The total assets of the federal government can only even be estimated as they are so vast. I have read that at the very least they are in the $100 trillion dollar range, and quite possible even far more.

Think of it for even a minute people. The federal government (even after centuries of selling it off) still owns just about half of all of the vast amount of land of this country! Our military alone has literally $trillions of dollars worth of very expensive technological hardware. Then there is the infrastrucure, buildings, museums, National Parks and Forests. The list goes on and on!!

If you had an income of some $200,000 per year, with assets that totalled some $1,000,000, then just what bank would refuse to give you a home loan of some $500,000 to buy yourself a new home? A bank that would deny you would not be in business very long!

Every time the Fed holds a sale of T-bills for the US government, entire hations practically go to war over the chance to buy such debt! Does that not even tell people of reasonable intelligence something?

People here that have followed my posts certainly know that I am not a great fan of Dick Cheney. But heck, even an analog clock that no longer runs, still tells the correct time twice each day!! And so I have to agree (shudder, shudder) with him when he states that the National Debt “Does Not Matter”, because in a practical economic and banking sense, it “Dose Not Matter”!! Understand??

Your grandchildren will tell you it matters because they will be paying all of that interest on this debt. Both Democrats and Republicans are responsible for the 18 trillion (and counting) national debt. It is high time Americans start voting for the third parties.

The average home owner takes on a massive debt and thinks nothing of it for the most part. But when the govt does it they go nuts.

$18 trillion in debt since the beginning of the “War on Poverty”. And we still have poverty. I think it’s time to change strategy.

Make it impossible for people here illegally to get jobs & let them go home themselves.*So then who would do all the crappy jobs that Americans claim are being stolen but wouldn’t want to do in the first place.

Debt does matter if it is necessary to refinance the debt regularly to keep operating. It could become a huge problem if creditor nations, China for example, decide the debt is too high and will no longer buy American bonds at low interest rates and demand higher rates. Then a disproportionate amount of the annual budget goes for carrying the cost of servicing debt for previous expenditures. Long run, sound fiscal policy is to pay expenditures for current consumption from operating revenue. But borrowing to increase the productive capacity of the nation is okay. Then the borrowed capital put to work in infrastructure development, research, education, etc. increases the capacity of the nation to pay its bills, provide employment, and improve the living standard of the people. In other words, there is good debt and there is bad debt. Long run It depends what you are borrowing for and why you need to borrow.

Simply put, once again, Benson fails to understand the signifcance of government spending.

Sung to the tune of “Santa Baby”https://www.youtube.com/watch?v=-0wbrGlSFHYInspired by Mark Steyn

Anchor Baby

Anchor baby, just need an hour more, so stall,that’s allI feel contractions startingAnchor baby, so hurry across the border tonight.

Anchor baby, a free pass to the USAtodayI will be there real soon dearAnchor baby, so hurry across the border tonight.

Think of all the things I’ll getOnce I get across then I will be all set.Next year I will be a residentThis baby will get all my needs met.

Anchor baby, I want my legal status and really that’s nota lot,Been hoping for it all my lifeAnchor baby, so hurry across the border tonight.

Anchor honey, one little thing I really want to see,EBT, to start the cash flowingAnchor baby, so hurry across the border tonight.

Anchor baby, one little thing I really needto readthat 14th amendment thingAnchor cutie, so hurry across the border tonight.

Come and help, I need some medsSome doctors and some nurses and a comfy bedI really do believe it’s timeLet’s print off those legal creds.

Anchor baby, forgot to mention four moreComing ashoreI don’t mean suitcasesAnchor baby, so hurry across the border tonight.

Hurry across the border tonight.

Lisa’s ’toon implies that the entire national debt is due to anchor babies, wars and “defense” spending simply cost many times as much, economically, and socially.

Americans will do them, just not for what the illegal immigrants will._____And what business do you think would want to lose that income? Business owners would lose their minds not being able to get the cheap labor and ALOT of those business owners are Republicans

Its all their fault.