Obama’s “New Normal”…

August 7, 2011
By

…apparently means getting lectured by China and Russia:

“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone,” China’s official Xinhua news agency said in a commentary.

Xinhua scorned the United States for a “debt addiction” and “short sighted” political wrangling. China, it said, “has every right now to demand the United States address its structural debt problems and ensure the safety of China’s dollar assets.”

And…

“They are living beyond their means and shifting a part of the weight of their problems to the world economy,” Putin told the pro-Kremlin youth group Nashi while touring its lakeside summer camp some five hours drive north of Moscow.

“They are living like parasites off the global economy and their monopoly of the dollar,” Putin said at the open-air meeting with admiring young Russians in what looked like early campaigning before parliamentary and presidential polls.

Of course it is political posturing but in the past it was only rhetoric, now  under the Obama administration, it seems more like plain common sense and sound  financial advice.

18 Responses to Obama’s “New Normal”…

  1. JCinLa on August 7, 2011 at 4:12 am

    Cut social security, Medicare and veterans benefits NOW and for ALL current and future recipeints.

    Spending problem solved.

    It’s THAT simple.

  2. Mad Dog on August 7, 2011 at 4:50 am

    Where’s MikeyW, Warner, Pluto, et al?

  3. rightwingyahoo on August 7, 2011 at 7:33 am

    Well, JC has joined us, so that’s one troll, at least….

  4. budahmon on August 7, 2011 at 7:39 am

    Cut Medicaid….and I say yes cut the VA. I know too many vets that have damn good jobs, uninjured when they served, that soak off the VA. I am a Vietnam era vet and have never thought of using the VA, but I know of at least 10 other Vets that use it even though they are well off and have other sources of Medical coverage they could use….but they do not… Injured during war or service is and should be covered by the VA…..performing colonoscopies for 60 year old men worth 7 figures, who were never even shot at while serving stateside or being a REMF is not what the VA and your tax $$$ should be providing. Hell…let’s take it a step further, why the hell should the taxpayer cover Warren Buffets’ Medicare….means test or give the old bastard a check plus 7% for his medicare payments. It would be cheaper in the long run.

  5. ATTILA on August 7, 2011 at 7:48 am

    troll not, lest ye also be trolled.

  6. artist on August 7, 2011 at 8:05 am

    Where’s MikeyW, Warner, Pluto, et al?

    …..

    heh

  7. artist on August 7, 2011 at 8:05 am

    They’re tired of defending stupid.

  8. Mad Dog on August 7, 2011 at 8:08 am

    That’s probably as good an explanation as there is….

  9. JCinLa on August 7, 2011 at 8:23 am

    How many of you opposde immediately cutting social security, Medicare and veterans benefits for all current and future benficiaries.?

  10. Jacksonian Libertarian on August 7, 2011 at 9:55 am

    Listen to them squeal, they sure wanted all those Dollars before, they have cheated and manipulated their own currencies to get them. They are just pissed off that they thought that they were cheating us, and now they find out that they over paid for all those Dollars. $4.5 Trillion Dollars,
    http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
    and they over paid for them.
    Little cheaters, your squealing is music to my ears!

  11. rightwingyahoo on August 7, 2011 at 10:00 am

    I don’t oppose that, I support an across the board cut of everything in the budget 42%, defense, entitlements, discretionary, loan guarantees, EVERYTHING.

    Then, if you want to move money around, fine, but expenditures should be limited by statute, to 90% of incoming revenues, with the 7% going to debt retirement, and 3% to cash reserve.

    Now, the only problem with that is that interest on the debt is not negotiable, and may not be reduced 42%.

    So, everything must be cut further, to make room for that.

    You borrow money, you pay the price.

  12. budahmon on August 7, 2011 at 10:50 am

    I don’t oppose cutting Social Security, Medicare nor VA. I also don’t oppose cutting Medicaid….Medicaid is a helluva lot more of a drain on the government than VA. So why the hell did you leave that out?

  13. rightwingyahoo on August 7, 2011 at 11:24 am

    He left it out because he is a lefty, and wants to corner the Rs as the party of scrooge.

    well Scrooge had money he refused to part with, and we’re broke. Big difference,

  14. rightwingyahoo on August 7, 2011 at 11:25 am

    Which is why we call him a moby/troll, depending on what he posts.

  15. budahmon on August 7, 2011 at 2:21 pm

    I knew that RW….he just doesn’t have the cojones to say it for himself.

  16. JCinLa on August 8, 2011 at 4:31 am

    Medicare cuts include Medicaid. saying Medicare/Medicaid is rendindant.

    I am a Stockmanite because I agree with David Stockman that the three sacred cows of the welfare state, Social Security, Medicare and veterans benefits must be cut. Being a Stockmanite means I am anti-Regan and anti-Bush 43 because, as presidents, both were big spenders. (George Will said it best in 1986, “Reagan is not recognizably conservative.”) In short, I’m a conservative and most of you are right-wingers, like Yahoo, who believe in government that’s equally as big as liberals want but spent differently. That’s a distinction without a difference.

  17. rightwingyahoo on August 9, 2011 at 4:15 pm

    Please give an example of my support for big government republicanism….

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