Quote of the Day

"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds." -- Samuel Adams

Debt is not the answer

"The fact is, we'll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before. ... Inflation is the cause of recession and unemployment. And we're not going to have real prosperity or recovery until we stop fighting the symptoms and start fighting the disease. There's only one cause for inflation -- government spending more than government takes in. The cure is a balanced budget. Ah, but they tell us, 80 percent of the budget is uncontrollable. It's fixed by laws passed by Congress. Well, laws passed by Congress can be repealed by Congress. And, if Congress is unwilling to do this, then isn't it time we elect a Congress that will?" --Ronald Reagan

Liberty?

"Obama is turning us into a poster nation for financial irresponsibility. While other nations at the [G-20 conference in Toronto] were focusing on deficit reduction, Obama was haplessly urging them to join us in Keynesian spending oblivion. He told the conference that global economic recovery remains 'fragile' and implored the nations' leaders to continue deficit spending to sustain the 'recovery.' The Washington Post reports that Obama's remarks 'tempered the Group of 20's headline achievement at the summit, a deficit-reduction target that had been pushed by Canadian Prime Minister Stephen Harper, the host of the meeting and a fiscal conservative.' Obama is wholly impervious to the historical record documenting the failure of FDR's pump priming during the Depression, which exacerbated rather than ameliorated the economic problems. He is similarly detached from reality concerning the failure of his own policies to stimulate growth of any kind to save his beloved public sector and thus recommends more of the same. In speech after speech, he takes credit for having launched an economic recovery in the United States and for achieving job growth. Notwithstanding his economic models that stubbornly predict such results, he can point to no empirical evidence to verify his delusional boasts. It would be bad enough if his economic policies were simply retarding our economic recovery, but they are also accelerating our trip to national bankruptcy. Yet Obama continues to press forward with his foot smashed down on the gas pedal." --columnist David Limbaugh

republished from http://patriotpost.us/

Restrict it to those that can afford it

In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R) proposed that borrowers be required to make a 5% down payment in order to qualify.
His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D) explained, "passage of such a requirement would restrict home ownership to only those who can afford it."