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Posts Tagged ‘Joe Biden’

US borrowing tops 100% of GDP: Treasury

by huckfunn ( 6 Comments › )
Filed under Barack Obama, Democratic Party, Economy, Elections, government, Headlines, Progressives at August 3rd, 2011 - 7:18 pm

My educational and occupational background is not in economics, but even with my limited knowledge of the subject, this looks pretty bad. US borrowing tops 100% of GDP.

The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.

Public debt subject to the official debt limit — a slightly tighter definition — was $14.53 trillion as of the end of Tuesday, rising from the previous official cap of $14.29 trillion a day earlier.

Treasury had used extraordinary measures to hold under the $14.29 trillion cap since reaching it on May 16, while politicians battled over it and over addressing the country’s bloating deficit.

The official limit was hiked $400 billion on Tuesday and will be increased in stages over the next 18 months.

The last time US debt topped the size of its annual economy was in 1947 just after World War II. By 1981 it had fallen to 32.5 percent.

 

Is this the most crass and nasty US presidency in decades?

by Mojambo ( 21 Comments › )
Filed under Barack Obama, Special Report, Tea Parties at August 3rd, 2011 - 9:39 am

The answer is yes and it will get worse as the 2012 election gets closer.  This regime in D.C. makes the Nixon administration seem like the Hadassah Women’s Club. The last two Democratic nominees for Vice President were John Edwards – an unusually lying sleaze bag of a politician even by those standards, and Joe Biden, a functional moron. The Democrats play to win and will take no prisoners. Lying, cheating, slandering are all part of their playbook and with the media carrying their water for them, they might well succeed.

by Nile Gardiner

Earlier today Politico broke the astonishing story of Joe Biden supporting the charge by Democrat Congressman Mike Doyle of Pennsylvania that Tea Party Republicans had “acted like terrorists” over the debt issue. According to Politico’s report, based on eyewitness accounts:

Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation’s debt limit. Biden was agreeing with a line of argument made by Rep. Mike Doyle (D-Pa.) at a two-hour, closed-door Democratic Caucus meeting.

“We have negotiated with terrorists,” an angry Doyle said, according to sources in the room. “This small group of terrorists have made it impossible to spend any money.”

Biden, driven by his Democratic allies’ misgivings about the debt-limit deal, responded: “They have acted like terrorists,” according to several sources in the room.

There is something deeply sad and disconcerting when the vice president decides to compare opposition legislators in Congress with terrorists simply because he disagrees with their views and principles. This is the kind of ugly, threatening rhetoric that has no place at the heart of the US presidency. About a third of the country are favourable towards the Tea Party, according to Gallup – i.e. tens of millions of Biden’s fellow Americans. Does he label them terrorists too?

[……]

Power carries with it responsibility and the vice president has monumentally abused it with his remarks today. His conduct is hugely embarrassing for the second most powerful figure at the helm of the world’s only superpower. There is a fundamental difference between robust political debate and labeling your opponents as enemies of the state and proponents of violence.

Joe Biden has clearly overstepped the line with his comments, and brought the office of the vice president into disrepute. His actions today are symbolic of a White House that increasingly looks bitter, crass and petty in its behaviour as public opinion moves firmly against it. Biden’s outburst is a sign of the Left’s growing desperation 30 months into the Obama administration, and only further reinforces the image of decline and decay sinking in at 1600 Pennsylvania Avenue.

Read the rest – Joe Biden compares the Tea party to terrorists. Is this the most crass and nasty US presidency in decades?

VP Biden In The News…

by Deplorable Macker ( No Comments › )
Filed under Barack Obama, Democratic Party, Elections 2012, Headlines at July 4th, 2011 - 5:34 pm

Let’s see what the Demo☭rats’ Spiro Agnew…aka Joe The Biden™…is up to while his boss continues to screw up the country, day by day, hour by hour.
First, Heaven help us all! Biden’s entered the world of Twitter with the following post today:

Ah, but fear not! He’s not tweeting these himself…his staff is doing this for him. Such is his propensity to not be limited to 140 characters. If your curiosity is really piqed (and let me assure you, mine only went so far as to write this post), here is his Twitter address.
And here’s the second item: Is it possible that Президент Обама may dump his loyal VP and turn to the current Governor of New York State for 2012?

A Prominent Republican is joining a prominent Democrat in predicting that Gov. Cuomo will become President Obama’s running mate for vice president next year.
Former New York GOP boss William Powers, credited with playing a key role in electing Rudy Giuliani mayor and George Pataki governor, was effusive in his praise of Cuomo’s successes in the just-ended legislative session, and in his prediction of the freshman governor’s political future.
“Andrew had a fabulous session. It was fabulous. A property-tax cap, ethics reform and, for Democrats, gay marriage,” said Powers.
“I don’t think there’s any doubt Obama is going to pick him as his running mate. The president is in trouble and [Vice President Joseph] Biden doesn’t bring anything to his ticket.
“The president will call him up later this year and say, ‘Andrew, you have to do this for the good of the country.’ What’s Andrew going to say, ‘No?’ “

I, for one, do hope Governor Cuomo will turn Обама down. After all, Powers is actually incorrect. Biden brought insurance against impeachment to the ticket. And as he continues his role as Vice President, he even accentuates the ineptitude of not only himself, but his boss as well.

Joe Biden vacationed in The Hamptons

by Phantom Ace ( 4 Comments › )
Filed under Progressives, Socialism, Special Report, Tranzis at May 31st, 2011 - 9:13 pm

Vice President Joe Biden loves to brag about his working class upbringing. he claims he’s in touch with everyday folks and understand their concerns. Well when it comes to vactions, he’s no average Joe. Biden vacationed in the Hamptons, which is where the elite go.

Vice President Joe Biden and his wife, Dr. Jill Biden, spent Memorial Day weekend in the Hamptons at the home of Internet pioneer and gay, bisexual and transgender-rights activist David Bohnett. The Bidens stayed at Bohnett’s sprawling Southampton estate and were seen lunching at popular 75 Main on Saturday before a relaxed veep happily accompanied his wife as she browsed at Alice & Olivia and Calypso.

A spy told us, “He had three Secret Service agents inside the restaurant, including one watching in the kitchen while the chefs made Mr. Biden’s chopped salad.”

Hobnobbing with the jet set! The life of a Hypocritical Progressive.