Dark Days Ahead

Debt Ceiling Negotiations:  Even if they eventually come to an agreement, we will still be in deep financial peril:

The deficit:  The proposals being bandied about represent only insignificant reductions to our burgeoning 16 trillion dollar deficit and have no real effect in solving our nightmarish fiscal problem - slowing (if not reducing) the deficit.   The significant cuts to our discretionary/entitlement programs that are necessary to keep us from becoming the next Greece - riots and all, aren't even being put on the table. 

Energy Reserves:  Our unutilized energy reserves, which could go a long ways toward generating enough jobs - and therefore tax revenue, to help slow the growth rate of our deficit, may go unrealized, as harvesting our energy resources is constantly under attack by Obama and his EPA henchmen.  NOTE:  The fact that it has been recently revealed that the United States has the largest energy reserves on the planet - and the technology necessary to garner these resources, may end up being largely irrelevant due to Obama's Far Left Green agenda.

Market Forces:   It's hard to imagine that our burgeoning deficit won't eventually slow our economy, and then drive us into another recession.  This will even further excacerbate our deficit problem due to increased entitlement outlays/a reduced tax base.  The preceeding is bad enough, but additional factors threaten to make our situation worse yet:

     The impact of Western Europe's anemic economy will have a significant negative effect on us as one of our biggest customers will reduce demand for our products. 

     The effects (oil price spike? ........ war?) almost bound to occur when Israel makes their inevitable attack on Iran in an attempt to irradicate Iran's nuclear program.

     An economic downturn will almost certainly cause a huge stock market dip, which will lower consumer confidence, reduce investment, and even further reduce our GDP growth rate.

Look for the rate of growth of our deficit to accelerate - as our one trillion dollar deficits actually start looking like the "good old days".....................  For those that have a problem understanding the mathematial implications of our deficit situation, picture this - a snowball, rolling down a hill, getting bigger and bigger, rolling faster and faster - that is our deficit.

 Thank you, Barack Hussein Obama.