By The Right Scoop


If you don’t listen to the whole interview below between Mark Levin and Bill Archer, please listen to at least the first 7 minutes or so. I think you’ll likely keep listening when you get to that point because of the content.

But what makes this interview so compelling is that Archer explains the problems that we face because of our true debt, which is due to out of control entitlements, and like Ryan he feels we’ve only got a couple of years to fix this or it isn’t going to be pretty. Considering the recent printing of money done by the United States over the last few years, he said that inflation is indeed coming, and when it comes “it will devastate the economic environment for every American family”. And the amount of debt is so massive that it could not only devastate our economic environment, but it could completely take out the world economy.

And there’s more, including whether he believes or not if we’ve gone so far that we can’t turn back.

Listen below:

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  • 911Infidel

    Inflation isn’t comming. Its depression. That’s what’s comming. People will soon experience what the Greatest Generation experienced.

    • IrishElk

      It will actually be much worse I think as socialism is embedded into the fabric of our country now.

      • 911Infidel

        Just keep your sword points bright. When they come for the Kulaks, they’ll get more than they bargained for.

        • ApplePie101

          The second amendment is the break-glass-in-case-of-emergency axe embedded in the constitution by wise men who saw this day coming.

          • Dandee

            Guess that’s why Obama is planning to go along with the UN’s gun ban

            • williamm

              It takes 67 senate votes to ratify the UN treaty and there are some Democrats are against it too. Some people think they can use The Vienna Convention Law of treaties to bypass the vote, but it also hasn’t been ratified.

              Amending the constitution to take away our gun rights won’t happen either.

              Would have to be ratified by 38 states and president Dumbo has no say.

              http://www.archives.gov/federal-register/constitution/

          • 911Infidel

            Which is why Obama and Holder engineered fast and furious and why Obama wants the UN small arms treaty.

      • http://www.facebook.com/people/Chris-Dias/1680711668 Chris Dias

        There’s no thinking about it. Your comment is correct, except the word “think”.

    • Linky1

      Hyperinflation is coming, then, deflation. This is your future, eerily similar to the Weimar Republic in Germany in the 20’s and 30’s.

      http://www.theblaze.com/stories/glenn-beck-lays-out-the-startling-similarities-between-present-day-america-and-the-weimar-republic/

      Those who ignore history are bound to repeat it.

      • 911Infidel

        It ain’t just my future its yours too.

        Real unemployment is already at Depression level numbers. We’re rapidly going down the road of the 30’s and 40’s.

        • Conniption Fitz

          And the worst part is, it is preventable.

          • 911Infidel

            Like Steve McCann said over at AT: “The United States finds itself in a circumstance once thought unthinkable. An ill-educated and near morally bankrupt society increasingly made up of those dependent on government combined with a governing class whose primary interest is themselves.”

            JFK said to “ask not what your country can do for you. But ask what you can do for your country”. That has morphed into ask not what you can do for your country. But ask what the taxpayers of your country can buy for you.

          • stage9

            Sad isn’t it?

            Ironically, that’s what the Lord would say to us too about hell.

        • Linky1

          I understand that it’s everyone’s future at stake, just as well as anyone else.

          When I said “your” it was in the collective” form, not just you personally.

          Canada is suffering as well, as much as the government tries to say that things are fine, they’re not. Unemployment and underemployment exist, inflation has hit our goods, services and food.

          As it stands, I have done all of the right thing-reeducated myself, tried everything but stand on my head, but I am still unemployed and in debt up to my eyeballs.

          I am facing the prospect of moving back East because I can no longer afford the prices on the West Coast of Canada.

          Crazy thing-I’m moving back to a province with a Premier who is as dictatorial as Obama, they face the same financial hurdles as the US and yet, there is work back there and it is cheaper to live there than where I am now.

          Maybe this part and parcel of what all of us have to go through, to face these struggles, to lose the “entitlements” in order to understand that it is up to individuals and not governments to provide for our needs from cradle to grave.

          • 911Infidel

            That’s a darn shame. Unemployment sucks. When the unemployment numbers in the US hit 20% like they did in 1942, maybe, the riff-raff will wise up. The elitist bourgeois will never learn, because gobs of money to lean on. Punks like Obama will survive even his own taxes because he will be be kept afloat by his own rich, socialist trash.

            Haper seems like a good PM. Wanna trade?

            • Linky1

              Harper has his good and bad points.

              The biggest “bad” point with me is the fact that he is a high spending “Progressive” type Conservative who does not have the guts to make the big, necessary cuts to our sacred cows and entitlements. It’s all politics as usual here in the Great White North – what with our Socialist opposition breathing down their necks and trying to convince people that cradle to grave is better than personal responsibility, income from our oilfields and the private sector.

              A good point is that Harper stands behind Israel 100% and is now on Iran’s naughty list for trying to bar the Palestinian’s request for their special UN status.

              • 911Infidel

                At least he isn’t Trudeau. I’d still take him over O’Crapster. Our countries are unfortunately in a similar mess from the socialist wankers. The conservative parts of Canada and the US ought to secede and merge into a new country…and the socialists can be damned.

                • Linky1

                  Agreed. Now, Trudeau’s son Justin, is running to lead the Liberals. If you go to SUN News Canada, search in their archives for “Shiny Pony.” that’s what the son-of-Trudeau has been nicknamed.

                  Canada is a good example of what happens when socialism takes root. Hard to get rid of, in spite of a good effort by our current government. Once that is embedded into a peoples’ psyche – the entitlements – it is very hard to get rid of.

                • 911Infidel

                  Shiny Pony. That’s funny. I watch Sun News clips alot. I’ll check it out.

                  Here’s a wise quote from a smart man:

                  ‘”To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, ‘the guarantee to every one of a free exercise of his industry, & the fruits acquired by it.’” -Thomas Jefferson

          • http://boogieforward.us/ K-Bob

            Do whatever you have to do (within the law, of course) to gain any sort of prosperity while you can. Everyone should be thinking like that right now. If anyone has to walk away from a mortgage to get a job in Tennessee or Texas or wherever, just do it while there’s an economy left.

            But avoid debt!

            • Linky1

              I am carrying CC debt, and I take full responsibility for it. I do have some reserves to pay doen the debt. I do not own a car, nor where I live, I rent.

              The way I see it, is the government wants to keep people chained to the government, by offering them ridiculously low interest rates, and in a Fannie/Freddy scenario, to keep them chained to un-payable mortgages.

              It’s the whole socialist theory to keep people indebted to the government from cradle to grave-healthcare, money supply, industry, etc.

              Are people waking up to this fact? Not fast enough.

              • http://boogieforward.us/ K-Bob

                Yeah, I’m offloading debt now, and doing everything possible to avoid any new debt (other than the convenience kind that you pay off in a month or so). But I’m lucky to have built up resources over the years, thanks to wealthy people offering me work (still wondering how poor people will manage that).

                But I know right now if I were under 40, and living in a Dem-wrecked political frankenstein state, I’d be saying goodbye to family and friends to go where the work is, RFN. Heck, I’d pick up a trade in the oilfields if I could. Whatever it takes.

    • anneinarkansas

      Don’t you think that we need to let it happen?
      I was born during the Depression. My parents survived and became recognized contributors and leaders. It can happen again. I may not live long enough to witness but can look down to watch.

      • 911Infidel

        Yeah, I have no doubt it could happen again. With this particular foreigner in office, and a weak Republican leadership, anything is possible. I’m just waiting to see if the O’Crapster tries to seize power like a dictator. That’s what I’m waiting on. That’s what alot of us are waiting for. We don’t plan on going down without a struggle. This economy is toast. But the will to keep on keeping on isn’t.

    • colliemum

      What’s coming is called ‘stagflation': stagnation (at best) of the economy with rising inflation.
      Been there in the 1970s under Labour, here in the UK, with Union thugs acting out as well. It was bad – but it led to the election of Margaret thatcher in 1979, nuff said!

      • 911Infidel

        We had a bad economy in the 70’s along with long gas lines. That whole business gave us Ronald Reagan. But not this time. Instead we get more of the same Keynisian stupidity. Only this time there is no Ronald Reagan on the horizon.

        By the way, God Bless Lady Thatcher. She and Ronald Reagan, the Pope, Lech Walesa, and the Russian dissidents were stellar warriors for freedom.

        • wodiej

          no Ronald Reagan on the horizon? Ever heard of Gov. Sarah Palin?

          • dontdrinkthecoolaid

            Unfortunately, the LIB media has done so much damage to her, she’s (almost) not taken seiously. It’s sad when the media goes corrupt, the republic is over.

          • 911Infidel

            She isn’t Ronald Reagan by a long shot. The difference between the two is that Reagan was such a dynamic personality that even Dhimis liked him. Palin, while she has alot of RR’s views is not even close to the dynamic personality that RR was. RR drew all people towards him by the sheer force of his personality and his midwestern whit. Palin will never reach that point in her political life.

          • Linky1

            Sorry, Sarah Palin is no Lady Thatcher; he does not even come close. As 911Infidel says, we need someone along the lines of Reagan/Thatcher who is not scared to do what has to be done in order to set us along the right path.

            • crosshr

              Lady Thatcher is no Sarah Palin. Sorry Linky1, I grew up in one of the Commonwealth countries that secured under the umbrella of Brits Protection Treaties. Thatcher were highly instrumental in securing these member countries at the time Russia were as always a Bear looking for anything to devour in her own craving. But she were designated with those responsibilities. As the Prime Minister, she uphold her office to it’s utmost honor in dealing diligently with international and internal affairs of her gov. in the time.

              Palin on the other hand is one fearless lonely voice in our time willing to risk her well being,even affected her family well being and her future in order to commit to the cause of her belief as Reagan believed, the Constitution that many of us look up to as guiding light for our journey in our Land installed by our Founders.

              Palin has taken that responsibilities but not with the AUTHORITY. We the people of this republic has to make a choice with our vote, whom to designate that Authority with responsibilities. We were give Romney, here we go again, the FAKE messiah is what we get.

    • http://www.facebook.com/people/Peter-Connor/100000284561197 Peter Connor

      Far worse, and likely martial law.

  • http://twitter.com/WinstonCN Winston Smith

    Why did Levin have that moron Dick Morris on his show today? So disappointed. Yuck!

    • http://boogieforward.us/ K-Bob

      If Howard Stern can have midget lesbian hookers on his show, Levin can have Dick Morris.

      • crosshr

        LOL,

        forgive me Lord today because, I was thinking what K-b said !

        • http://boogieforward.us/ K-Bob

          I always say: “It’s OK Ma’am, we’re musicians.”

    • Patriot077

      I don’t care much for Dick Morris but I have to defend his books. He and his wife thoroughly exposes the significance of legislation and other government actions. I haven’t read this book but if it is anything like his past works, it will be filled with facts, footnotes and background information.

      However we might feel about him, I suspect this book about the UN is worth the read. Otherwise I don’t think Mark would have had him on the show.

  • DCGere

    Part of O’s plan. Buckle down, stock up on food & ammo.

  • deeme

    It’s already here, just go pick up a prescription your co pay has gone up, buy gas , gone up., buy groceries everything goes up about thirty cents everytime I go…every six months an increase on our insurance, taxes up, it is impossible to even think about retiring when these numbers are rising so fast..you know what’s not rising, what you will get on your investment, taken out weekly from your paycheck..It’s unsustainable.. no one wants to do the math..they just think they can keep raising taxes and keep spending, and keep giving away, but one is never going to fix the other ..

    • poljunkie

      I take a prescription for migraine (a preventative) and Blue Cross wont cover it because it was a pre- existing condition.
      The price is a whopping 565.00 a month. I tried the generic and it doesn’t work, and if I cheat and take it, I end up in the Emergency Room- which isnt covered by our insurance either ( pre-existing condition)….
      BUT we religiously pay our Blue Cross premiums every single month. Over $1250.00—

      • resolute2012

        That’s horrible and totally unreasonable; insane in fact to call migraines a pre-existing condition. BC/BS may not be the answer anymore and maybe try shopping around for a better company who really cares about people??

      • deeme

        I really feel for you…I get them from time to time and Excedrin Migraine and cold compresses help…I can’t imagine getting them more then once in a while…What’s worse is your insurance is a housenote…

        • poljunkie

          Thanks deeme. Ive had them for over 20+ years. They are horrible. The preventative really really helps!!! Its almost like a miracle. Before that I would either end up in the ER, after being sequestered in my room, sick for 2 or three days, with pain so bad I thought my head was exploding. Talking one pill every day- actually keeps the head aches away- and the ones I do get are far less extreme.

  • anneinarkansas

    Our future looks too bleak to comprehend. Inflation, Recession or Depression, Loss of all Values…over the cliff may be the safest way to go.
    As a Christian who has always been an optimist, I am living now in my faith in Jesus Christ. Our future is in the hands of Almighty God.
    In the meantime, I suggest to the Genuine Republicans and the RHINOs that they just let it all go over the cliff and don’t look back. You have tried.

    • Marridge

      Bless you, AnneinAR, for telling everone here that your faith is in God. Everyone reading this needs to make things right with God. Nothing else matters, folks.

      • stage9

        You know, I agree. I’m right there with you, but there’s another side of this too and that is that God was in control even when Hitler was rounding up the Jews and having them exterminated. God still had a plan, and His plan for Israel was still going to be fulfilled, BUT 60 million Jews still lost their lives in the process.

        And though God is STILL in control today, that does not mean that WE and our children, in this hour, are not going to face a “dust bowl depression” scenario where soup kitchens and bread lines are our future.

        God was still in control even when THESE folks were living in squalor, and some of them, I would imagine were even devout Christians:
        http://www.english.illinois.edu/maps/depression/photoessay.htm

        This is VERY serious. “God sends the rain on the just and the unjust” equally.

        This is a very real possibility for all of our futures, and we have got to take it seriously.

        I sincerely PRAY that the Lord returns before then, but if he tarries, we still have the cold hard reality of the possibility of an economic depression to deal with. The consequence of judgment affects EVERYONE including the devout!

        The Bible says during the last days that “men’s hearts are going fail them for fear of things coming upon the earth.” He never promised us that we would not be persecuted or face the consequences of a great depression, He only promised that He would be with us, whether in a concentration camp, a Gulag or a bread line.

        I personally believe it is game over. I believe the judgment of God is ahead of us because we have failed to repent as a nation and return to Him. Our pride dissuades us. God is our only hope but we have thumbed our noses at Him. And if that is our final answer to Him, we are done.

        I get so upset with politicians because they are playing with OUR LIVES AND our CHILDREN’S lives all for the sake of politics, and that INFURIATES ME! If they want to destroy their own lives then fine, have at it, but when they start playing with MY kids’ future that’s when I say ENOUGH!

        • http://no-apologies-round2.blogspot.com/ AmericanborninCanada

          Amen and well said!

        • IrishElk

          Well written stage9. I agree with you. Toon and I have raised our children. We now have grandchildren. Where is their bright and beautiful future?? God help us! Let us not get distracted from His eternal plan though. Suffer or not, He will sustain us through it all. HE doesn’t lie! HE keeps his promises! We are in good hands. :)

        • crosshr

          to a greater comfort even in the midst of all that’s going on, have we fail Him as a nation, still as and individual, may our relationship with our REAL SAVIOUR get to be more personal & closer.

          America may not be saved, may you and I shall be because of the Blood that will never Looses it’s Power !

          God is Good today, although it’s raining here in the Bay Area Nor. Cal.

  • stage9

    Whelp….lock and load….looks like marshal law is in our future. God help us.

  • http://pulse.yahoo.com/_IDAKYMXLZIRLMLGEZJXV3AOO7E Vorlath

    Here’s the article that I read about this. It’s unbelievable.

    http://hockeyschtick.blogspot.ca/2012/11/true-us-debt-now-exceeds-278000-per.html

    • stage9

      “The actual liabilities of the federal government—including Social Security, Medicare, and federal employees’ future retirement benefits—already exceed $86.8 trillion, or 550% of GDP.”

      If this is true then we’re already done. It’s game over. I mean seriously folks, there is no coming back from this much of a deficit.

      • http://pulse.yahoo.com/_IDAKYMXLZIRLMLGEZJXV3AOO7E Vorlath

        Yeah, that’s the exact number that Bill Archer gave. When I read that article, my jaw dropped to the floor. By the time I was finished the article, my jaw was in China. If there is 8 trillion in expenses per year, where does it come from? I know of 1.3 trillion in deficit. There are taxes. Let’s say that covers another 1.7 trillion. So 3 trillion is accounted for. Where’s the other 4 trillion from? From the article, I can only guess that they’re selling Treasuries to replace the IOU’s that are due. Because of this, they don’t add it to the deficit and no one hears about it.

        These numbers are staggering. I agree that if this is accurate, then I don’t see how anything can be done, especially with a man in the White House who is doing everything to accelerate the deficit.

  • http://navalwarfare.blogspot.com/ Libertyship46

    Anybody who has done any shopping recently at a local supermarket knows that inflation is already here. If you buy gas for your car, inflation is really here. These prices keep going up and they are going to do so even as we go off the fiscal cliff. But, hey, the one man who probably could have fixed this, Mitt Romney, didn’t win the election. So I hope America is happy with the guy who did win. Unfortunately, we are all going to be so broke I don’t know if we’ll make it to 2016, when we start looking like Greece, with all of their sky-high unemployment, social unrest, and astronomical taxes.

    • conservativemama

      So true about the supermarket. Getting harder and harder to meet the budget. People, clip your coupons and stock up on essentials.

    • poljunkie

      The prices at the market are outrageous.

      I still cant believe when they are calculating inflation they dont take into consideration groceries or gas. WHAT?

      • BOPOS

        I could not afford lunch meat I usually buy just last night. Ended up with bologna at $5.98 a pound (got a half) usually it is $3 at the most. Turkey or ham (our usual) was $8 to $10. All prices are double what they were a couple years ago. I’ve noticed small increases over that time, but all of a sudden double?? and forget cheese. I’ll be loading up on bouillon flavors for awhile.

        • resolute2012

          All the health experts tell us the good things to eat these days. That’s all great if you can afford $5 bucks for a cantalope, $1 each for an orange or apple, $4.39 for a loaf of 12 grain whole wheat bread, milk and cereal out of sight, and you are so right about the cheese. The list goes on and on.

  • Sober_Thinking

    I just spoke to my accountant today… she does our taxes. I called her to ask her opinion about cashing in my ROTH IRA. I’m concerned about oiur economy and wanted the cash to better prepare – and I have a few other (better-funded) retirement fallbacks… though not much money in anything – not enough to live on anyway.

    She said NOT to cash in my IRA (especially a ROTH). Okay, fine… let’s roll with that and see what happens. Since she’s a staunch conservative, I asked her about her economic outlook for our country. She audibly grunted. Her disgust for Obama is only slighty less than mine.

    She told me that this tax season, we’ll all have a small ripple but one year from now, she said there are going to be a lot of pissed off people in this country. A lot.

    So, my faith remains firmly in the Lord and nothing else… but I am absolutely prepping for the worst and hoping for the best. I’ll leave you with this joke:

    Heavy rains caused massive flooding in a town. A man resorted to climbing onto his roof as the waters rose. A boat came by and the people on board begged him to get in and go to safety. He told them, “God will save me.” As the waters kept rising near the peak of the roof, a helicopter came by and lowered a ladder so he could climb to safety. Again, he dismissed his would-be rescuers saying, “God will save me.” An hour later, the man was pushed off the roof by the rushing waters and he drowned. When he got to Heaven he looked to God and said, “I trusted you to save me. What happened?” God threw his arms up and exclaimed, “I sent you a boat and a helicopter. What more did you want?”

  • sjmom

    Certainly not an uplifting interview but an informative one and to think we have Obama for the next 4 years.

  • johnos2112

    Get ready for bank holidays, credit cards that stop working, prices that go up by the hour? The question is when. One day we will wake up and DC will be under siege? Thoughts?

    • stage9

      I can’t help but think of the account in the Bible of Joseph in Egypt after he interpreted pharaoh’s dream. The dream spelled out 7 years of plenty followed by 7 years of famine. The 7 years of plenty were spent storing up a portion of wheat in reserve for the 7 years of famine that would follow. When the famine finally came the stored wheat was portioned out to sustain the citizenry through the famine.

      I can’t help but think that that is what we’re up against. Like others have said, now is the time to get right with God and prepare for the worst but hope for the best. Get debts in order. Pay off as much as you can, save what you can, prepare what you can, and pray as much as you can.

      • Nukeman60

        The key is to stock up on what you can. Learn food processing, hydroponics, wind/solar energy, guns/ammo buildup – all the things to survive. When it all hits, what we have saved will be worth nothing. Use that worthless money now to provide your families with the protection they will need when there is no more decent, civilized society.

        It’s a harsh reality, but a valid one. I started taking precautions to get off the grid 10 years ago when I retired. I have no debt (save my house, which will no longer need to be paid for when the dollar collapses) and I have the resources for survivability (water purification, hunting capability, stored long-term goods, self-producing energy). All these things need to be prepared for beforehand, not after the fact. It’s sad, but true.

      • Robert Brennan

        Read the rest of the story of 7 years of plenty followed by 7 years of famine. Joseph stored the surplus in government bins. When the famine struck, people sold all they had to the government in return for sustenance, finally including themselves as slaves to the government. Sounds like a scenario that is occurring in our own country already.

  • Dandee

    Look how long California has put it off. That’s why Obama won. No one wants to take their medicine.

  • http://www.facebook.com/alex.bury.52 Alex Bury

    Hey don’t worry at least women have contraception and gays can (not really) get married.

    Fucking idiots.
    No I’m serious what fucking idiots, to the people who voted about contraception and gay marriage instead of this Tunguska sized debt bomb whose fuse is near the end. Well I hope those women and other caring liberals enjoy their contraception because they only way they are going to get any money is to sell themselves. Can you say “me love you long time?”

    Whoa, that is probably the angriest rant I have ever posted.

    • http://no-apologies-round2.blogspot.com/ AmericanborninCanada

      And many of us share your frustrations and rants- but please try to tone down the cuss words, or at least use the $**@) symbols :-) Thanks.

      • http://www.facebook.com/alex.bury.52 Alex Bury

        Sorry, didn’t know editing now.

  • WhiteGuy2

    This isn’t just incompetence, this is a deliberate attempt to sabotage the American economy. This is happening in plain sight, right before our eyes.

  • http://www.facebook.com/people/Chris-Dias/1680711668 Chris Dias

    No monetary system has ever survived long-standing wars.

  • Yazz55

    Once the Chinese recognize and admit to the fact that the bonds which the USA is selling them isn’t even worth using as toilet paper, its all over. They will own the USA.

    • Rocco11

      That was the dream of John Stuart Service, and Alger Hiss. I’ll be darned…

    • wodiej

      The road we are going on, I have to wonder if they will even want what is left of the United States of America. They may just want to cut their losses and be done with our arrogance.

  • http://boogieforward.us/ K-Bob

    Pfft. Not to worry. We can just tax millionaires more.

    • colliemum

      Yeah.
      What could go wrong …

      :-(

  • resolute2012

    Inflation is “coming”?? As an old retired single senior lady I’ll take a leap and say that inflation is already “here” and has been “here” for a couple of years. My budget is shrinking monthly and I cringe and shake my head in shock everytime I go to the grocery store. Prices on every single item are outrageous and for the first time in my long, very independent hard working life, I’m feeling poor and worried about the simple act of surviving.

  • http://www.facebook.com/davegalt999 Dave Boehringer

    GOD, GOLD and GUNS! In that order.

    • crosshr

      memorized moons ago Dave !

      cling to the BIBLE, GOD and rifles !

  • http://www.facebook.com/davegalt999 Dave Boehringer

    GOD, GOLD and GUNS! In that order.

  • http://www.facebook.com/davegalt999 Dave Boehringer

    GOD, GOLD and GUNS! In that order.

  • spin43

    All my savings will continue to disappear. Why did I save? I should have bought a better car, a bigger house, traveled more, more trips to better restaurants, a wide screen TV, etc.

    • colliemum

      A bigger house? Hah!

      Here’s a glimpse of your future in regard to an ageing population needing care:
      In the UK, if an old person owns assets above £23,000, they have to use them up, paying for their care, before the state supports them. That always means selling the house, so no inheritance for the children.
      What’s wrong with that, you ask.
      This: the benefit scroungers who have been living off the benefits, paid for by the taxpayers (who bought that house and paid for it), are getting the exact same ‘care’ as those who have to sell everything. Oh, and the itemised bills show that the care providers bill the self-payers more for the same thing (medicine, doctor’s visit) than they bill the scroungers.

      Yes, one could give that house to the children right now – but beware you don’t need to go into care before seven years have passed, else the house will be sold.

      There are a lot of shenanigans in the political debate right now – in the end it all comes down to the fact that people who’ve worked and contributed, and have supported “the Poor” in a lifestyle they often couldn’t afford, are also supporting them in old age.

      That’s socialism.
      So better blow it all, have a great life for a bit, and then ask the government to give you the hand-outs all the rest get ….

      Sick, isn’t it!

      • resolute2012

        Here in America we get penalized big time for daring to have “something”. The more you have, the more they take. Beginning to make me think I’d be way better off if I didn’t work so hard all those years to try to better myself and have “something.” Yes, it is sick!!

    • Constance

      I often feel as you do. There is only so much we can personally control, though. I have saved all of my life and have lived rather humbly. Those habits you have formed over a lifetime are lifesaving. Someone like you will survive true disaster, because you know how to do with less and sacrifice when it is needed. Those people who spend all their money on those big houses, TVs, and all the bling in life will be standing there wide-eyed and confused when there is true financial ruin in this country. Never regret how you have lived your life if you lived it honestly and did the best you could. Saving money mattered, even if you find yourself losing it now. The strength inside of you will be there when you need it the most.

    • crosshr

      true dat spin43,

      i do the tithe & offering. well tithe is not mine, but offering, this is certain above and beyond, it’s a formula i dearly believe and proved time and again !

  • timeout31

    And ammo!

    • crosshr

      dat i likie !

  • wodiej

    “if my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.” 2 Chronicles 7:14

    There is no way through this except through Jesus Christ. Americans are NOT getting it.

    • stage9

      That is 150% CORRECT!

  • Rocco11

    There’s a communist in the White House folks, just ask any immigrant from Cuba or the Eastern bloc..

  • Conniption Fitz

    Is it actual inflation, or the result of intentional bad policy and political greed and looting?

    The evidence points to the latter.

    Since 2008 we have seen prices on commodities like gasoline and food go up and down for no reason but politics.

    This was the case with the long gas lines during the Carter administration. Leftists and opportunists always create artificially manipulated shortages, misery, chaos so they can profit.

    The politicians, their policies, profiteering and political agendas have created this mess.

    It is absolutely a political product.

    • crosshr

      sad but true Conniption, surely we deal with what we voted for among our politicians from the house to the senate, to the White House. It’s like, “Is there anybody out there we can trust” or ” Whom are we going to send for us” well not much in this life maybe !

      i am almost persuaded to quit working and concentrate on my own spiritual well being. Seems all the signs point to the Lord’s return, many things are not going much anywhere, and wondering what would be the value of our dollar in the very near future.Myself, my family and many good friends support a lot of foreign missions in many foreign countries, as well in home missions. For that reason I can’t stop working, knowing that we struggle against some force that rules in the darkness.

      so i bear this in mind after listening to the excellent interview from Mark and thank you so much Scoop for posting it, that I’ll work till HE comes.

      let not our heart be troubled, one more time !

  • http://pulse.yahoo.com/_H7FEKYRPO27DV3U5SCOION6M7U Chris

    I’m starting to think we have to have an economic meltdown in order for the Obama Democrats to face anything resembling accountability…

  • http://twitter.com/cfallon57 Cheryl Fallon

    That’s the plan!

  • Constance

    I have a precious old cookbook that was my grandma’s that has tons of family recipes stuck into it, going back to the great depression era, when feeding a family was really a game of mathematics and pure luck. There are family notes throughout that book, of bad times and good times, of getting through bitter winters and keeping cool in the summer. Making two ears of corn and a ham bone into a wonderful soup with a few leftovers and some seasonings. Real back to basic stuff that most of us don’t even know about. It’s been worse; we can get through this too.

    • Linky1

      I bought a huge package of chicken breasts (bone in) a few weeks back. It was originally $16, marked down to $7.

      After cooking them, the meals of chicken lasted me close to a week. I saved all the bones, threw them in a slow cooker with some carrots and onions (later on, rice) and I have finally finished the soup. My mom grew up in the Depression (in Edinburgh Scotland) and makes the best soups around, she learned that from her mother and I learned that well because I grew up eating them.

      Forget all of the fancy-schmancy takeout and frozen meals, give me a pot of soup like I made or like your mom made, Constance. Most people I know look at me and shake their heads, saying it’s too time consuming to make.

      Shaking my head here at that one.

      • poljunkie

        Chicken soup is by far the best meal ever!!!
        Thanks for reminding me- I think I will make a huge pot of it this sunday. :-)

  • BHliberty

    I’m with Congressman Archer, “I’m scared”! This was an excellent interview! Thks RS! What is frustrating to me is that many understand these devastating concepts, know what the solutions are to correct them but instead, there seems to be no way to stop it! So now I have to take steps to try and protect what I can from a government that is hell-bent on taking away any freedoms I once had. And it continues!

    • BHliberty

      Speaker Gingrich mentioned some great ideas last night on Greta! Hopefully, Speaker Boehner will be taking some of his cues!

  • Michael Beck

    Debt is the biggest problem facing our country. Another big problem is tax increases by the Obama administration… during the worst economic recovery since the Great Depression.

    New taxes under Obama. Especially how they pertain to the “Obama I Don’t Care” monstrosity.

    1. A 156 percent increase in the federal excise tax on tobacco: On February 4, 2009, just sixteen days into his Administration, Obama signed into law a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack. The median income of smokers is just over $36,000 per year.

    Note. I’m not defending smokers. Just showing tax “increases” under Obama.

    2. Obamacare Individual Mandate Excise Tax (takes effect in Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance – as defined by Obama-appointed HHS bureaucrats — must pay an income surtax.

    The Congressional Budget Office recently estimated that six million American families will be liable for the tax, and as Americans for Tax Reform has pointed out, 100 percent of Americans filing a tax return (140 million filers) will be forced to submit paperwork to the IRS showing they had “qualifying” health insurance for every month of the tax year. Bill: PPACA; Page: 317-337)

    3. Obamacare Employer Mandate Tax (takes effect Jan. 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer). Bill: PPACA; Page: 345-346

    “Combined score of individual and employer mandate tax penalty: $65 billion/10 years”

    4. Obamacare Surtax on Investment Income (Tax hike of $123 billion/takes effect Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93

    5. Obamacare Excise Tax on Comprehensive Health Insurance Plans (Tax hike of $32 bil/takes effect Jan. 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956

    6. Obamacare Hike in Medicare Payroll Tax (Tax hike of $86.8 billion/takes effect Jan. 2013)

    7. Obamacare Medicine Cabinet Tax (Tax hike of $5 bil/took effect Jan. 2011): Americans are no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959

    8. Obamacare HSA Withdrawal Tax Hike (Tax hike of $1.4 bil/took effect Jan. 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959

    9. Obamacare Flexible Spending Account Cap – aka “Special Needs Kids Tax” (Tax hike of $13 bil/takes effect Jan. 2013): Imposes cap on FSAs of $2500 (currently unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389

    10. Obamacare Tax on Medical Device Manufacturers (Tax hike of $20 bil/takes effect Jan. 2013): Medical device manufacturers 409,000 people in 12,000 plants across the country. This law imposes a new 2.3 percent excise tax on total sales, even if the respective company does not earn a profit. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986

    11. Obamacare "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI (Tax hike of $15.2 bil/takes effect Jan. 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995

    12. Obamacare Tax on Indoor Tanning Services (Tax hike of $2.7 billion/took effect July 2010): New 10 percent excise tax on Americans using indoor tanning salons. Making matters worse: According to a Treasury Inspector General for Tax Administration report, the Obama IRS didn’t bother to issue compliance guidelines until three quarterly filing deadlines had passed: “By the time [IRS] notices were issued, tanning excise tax returns had been due for three quarters." Bill: PPACA; Page: 2,397-2,399

    13. Obamacare elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D (Tax hike of $4.5 bil/takes effect Jan. 2013) Bill: PPACA; Page: 1,994

    14. Obamacare Blue Cross/Blue Shield Tax Hike (Tax hike of $0.4 bil/took effect Jan. 1 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004

    15. Obamacare Excise Tax on Charitable Hospitals (Min$/took effect immediately): $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by Obama-appointed HHS bureaucrats. Bill: PPACA; Page: 1,961-1,971

    16. Obamacare Tax on Innovator Drug Companies (Tax hike of $22.2 bil/took effect Jan. 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980

    17. Obamacare Tax on Health Insurers (Tax hike of $60.1 bil/takes effect Jan. 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993

    18. Obamacare $500,000 Annual Executive Compensation Limit for Health Insurance Executives (Tax hike of $0.6 bil/takes effect Jan 2013). Bill: PPACA; Page: 1,995-2,000

    19. Obamacare Employer Reporting of Insurance on W-2 ($min/takes effect Jan. 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957

    20. Obamacare “Black liquor” tax hike (Tax hike of $23.6 billion/took effect immediately). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

    21. Obamacare Codification of the “economic substance doctrine” (Tax hike of $4.5 billion/took effect immediately). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113

  • http://profile.yahoo.com/44F4AB4VSCTOCHBMBG4ZWWD5OU Laurel

    This is on the money.

  • http://profile.yahoo.com/44F4AB4VSCTOCHBMBG4ZWWD5OU Laurel

    I once said to my daughter that hers would be the next ‘Greatest Generation’. Between the enormous debt we have and the ensuing Depression that is coming along with Islam spreading like a cancer, I think I underestimated how right I am.

    It’s ugly but it is going to get uglier.

  • Coming Apart

    So why are they(Obama and Congress) taking money out of Medicare which is an entitlement that is underfunded already?

  • gunner

    There was a bombing at a social security office in Casa Grande today.Looks like the entitlement cuts have already started?Pissed somebody off?Maybe that’s why the SSA needs all that ammo?Vehicle barricades?Congress has known for a long time that entitlement programs would have to be cut,just have to figure out how to blame it on the other side.Gotta get re-elected,ya-know.

  • http://www.facebook.com/profile.php?id=100003606803222 Dale Ondeck

    What they don’t mention is the HUGE need to slash the military

  • ReginaldTwardy

    You can’t beat Santa Claus as a presidential candidate. You just can’t.